Colorado Sports Betting
Colorado voters approved legal sports betting throughout the Centennial State in November 2019.
Soon, people in Colorado will be able to wager while anywhere within the state’s borders on CO sports betting apps.
Here is more of what you need to know about Colorado sports betting.
CO sports betting basics
After the Colorado state legislature approved a sports betting bill in summer 2019, voters had their say on the matter in November. More than 1.3 million people voted and Colorado sports betting passed by about 20,000 votes.
Colorado law required the referendum because of a restriction on implementing new taxes known as a Taxpayer Bill of Rights (TABOR.)
Colorado sports betting launch date
State regulators hope to make legal Colorado sports betting available by May 2020.
Just because regulators are ready, though, does not mean that’s when CO sports betting apps will become available. Operators still must receive approval for their products to go live in the market.
Latest CO sports betting news
TheScore Bet CEO On NJ Sports Betting Competition: ‘Bring It On’
More than 75% of bets placed via theScore Bet app originated from the company's broad-reaching media app.
Colorado Sportsbooks Coming From DraftKings, FanDuel Via Twin River
Two of the biggest US sportsbooks, FanDuel and DraftKings, will make their splash into Colorado sports betting through Twin River.
Colorado Sports Betting Allowed In May But Will Operators Be Ready?
Colorado sports betting can't officially begin until May 1 but plenty of potential operators are lining up to get approved before then.
CO sportsbook apps
Apps will be available throughout the state of Colorado for betting on sports. That means you will be able to bet directly from your smartphone or tablet.
There are no guarantees on who will offer a sportsbook in the state, although some have announced intentions to enter sports betting in Colorado. A number of the operators we’ve seen go live elsewhere in the US are good candidates as well:
- DraftKings Sportsbook
- FanDuel Sportsbook
- PointsBet
- Fox Bet
- William Hill
- 888
- Bet365
- BetAmerica
- Caesars
- MGM
Although you do not have to be a Colorado resident, you must be physically located with state borders to play. Your device will use geolocation technology to verify that you are within Colorado before allowing you to wager.
What’s in the Colorado sports gambling law?
Here are some of the other details. The bill creates three types of licenses:
- Master license
- Sports betting operator
- Internet sports betting operator
Each of Colorado’s 33 casinos can apply for a master license. The cost of that two-year license remains to be determined.
An approved casino then could partner with a land-based operator and an internet operator (or use the same partner for both) and utilize one online/mobile platform.
A 10 percent tax rate creates an industry-friendly climate for CO sports betting. Both esports and high school sports would be banned under current law and regulation.
Colorado sports betting FAQ
Is sports betting legal in Colorado?
The state has legalized Colorado sports betting, but it’s not yet legal to place wagers in the state. That will happen when the state authorizes and vets sportsbooks who apply for licensure.
The target date for Colorado regulators to launch sports betting in the state is May 2020. This should be the first date that operators are allowed to launch their sports betting apps, provided they have received approval from the state to do so.
Who oversees CO sports betting?
The Colorado Division of Gaming will have oversight over sports wagering. This division of the state government also is in charge of implementing regulations to govern day-to-day activities of sports betting in Colorado.
Where can I bet on sports in Colorado?
Placing a bet will be legal anywhere within the state’s borders. If you are not located in Colorado while using a sportsbook app, you will not be able to place a wager, even if you are a Colorado resident.
Your phone or device must be able to verify where you are located when attempting to place a bet in Colorado. That will take place using the same type of geolocation technology used by navigation apps such as Waze and Google Maps.
Is mobile sports betting in Colorado available?
Yes. There also will be retail sportsbooks in the mountain towns of Black Hawk, Central City, and Cripple Creek, in addition to statewide access via mobile apps.
Who can apply for a Colorado sports betting license?
Any of the state’s 33 casinos to attempt to get a license through state regulators. Each can partner with one online/mobile brand.
This means popular sports betting apps such as DraftKings Sportsbook and FanDuel Sportsbook will be available in Colorado. Recognized brands from throughout the country plan to take part in CO sports betting.
Who can bet on sports in Colorado?
The legal sports gambling age in Colorado is 21 years old.
As is the case in other states, people will close affiliations to sports teams (players, coaches, trainers, team officials, etc.) will be restricted from betting. This is because these people potentially have information about or the ability to influence the outcome of a game.
