Colorado state legislators passed through a sports betting bill last year, and taxpayers cast their ballots for its approval in the fall. As of May 1, 2020, sports betting is legal and active in the state of Colorado. However, the start date was specifically set to allow systems time to get ready for the beginning of the football season, so it may still be a bit before sports betting hits the market in full. Plus, the ongoing pandemic may lead to further hiccups as channels are put in place. Let’s get into some Colorado sports betting basics and take you through what you need to know to get set up with the sportsbook of your choice, and how to get into online sports betting in Colorado.
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Colorado Online Sports Betting
Colorado is planning on fully leaning into the online betting market. A number of companies and apps have expressed interest in making their services available in Colorado, and some of those are listed below. Under this online sports betting plan, you would need to be within the borders of Colorado, but you would not need to be a Colorado resident to use the various sportsbook apps.
While there is nothing official with regard to what apps will be live for Colorado sports betting, here are a few that have been made available elsewhere in the United States:
- DraftKings Sportsbook
- FanDuel Sportsbook
- Fox Bet
- William Hill
Of course, other apps could become available once Colorado officially launches online betting, and there is also the chance that the state sponsors their own app for bettors to use, as is the case in nearby Montana.
On May 1, 2020, DraftKings mobile sportsbook opened its virtual doors in Colorado. Make sure to take advantage of DraftKings latest offer: a Sign Up Bonus up to $1,000 for new users.
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BetRivers also began taking bets in Colorado via its mobile sportsbook in Colorado on May 1, 2020.
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BetMGM is one of the newer kids on the block but was one of the four sportsbooks offering action on day 1 in Colorado.
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Colorado Brick-and-Mortar Sportsbooks
There are 33 land-based casinos in Colorado and all of them will be able to apply for sports betting licenses. The cost and renewal fees of those licenses are not yet known, but the licenses will last for two years. Additionally, casinos that are approved for sports betting operation will be allowed to partner with a land-based and/or internet operator for their online betting services.
Colorado Sports Betting History
Despite Colorado currently being one of the more progressive states with regard to gambling, that has typically been far from the case. The state first allowed casinos to take wagers in 1991, and even then the casinos were few and far between in small Rocky Mountain towns. And even if Colorado legislators had an appetite for sports betting to come to the state, they had another barrier to break through: taxpayers. The Taxpayer Bill of Rights, or TABOR, makes it mandatory for all laws that raise taxes to go through a public vote.
Colorado finally passed legislature on sports betting last summer, doing so on the last day of session, and the bill went to a vote in November. TABOR requires language that makes clear that the law will lead to tax increases, presumably to limit tax hikes from passing, but Colorado voters still passed the bill by 20,000 votes to bring sports betting to the Centennial State.
Popular teams to wager on
Denver is one of the most prolific sports cities in the country with professional teams in all four major North American leagues. The Broncos won a Super Bowl within the last five years, the Avalanche have a Stanley Cup win this century and the Nuggets and Rockies both have fairly recent histories of team and individual success. Plus, Denver serves as the sports hub of the Mountain West, so these four teams could attract gambling interest from neighboring states as well.
As for collegiate sports, the University of Colorado has consistently competitive football and basketball programs. The University of Denver boasts one of the most prolific hockey programs in history with 16 appearances in the Frozen Four and eight championships, second-most ever. Those two programs are the strongest in their respective fields, and Colorado State also has a successful football program that consistently sends players to the NFL.
Is Colorado sports betting legal?
Sports betting is legal as of May 1, 2020. Operators may launch their apps around this time, but with no sports going on and with casinos still applying for licenses, it may still be a bit before bettors can start placing wagers.
Is Colorado sports betting also legal online?
Yes, Colorado projects to have a number of online operators working in partner with the casinos that apply for sports betting licenses.
What are the best options for Colorado sports betting in person?
Any of the land-based casinos that obtain licenses will be available for betting in person. Until sports betting is fully live and we know which casinos obtained licenses, we cannot say for sure which will have sportsbooks available. Casinos, however, will be located all over the state, from metropolises like Denver to less industrial towns such as the Four Corners area.
However, as long as you are within the Colorado state lines, you will be able to place bets with the Colorado sports betting apps, so in-person wagering will not be as important as in other states.
Who can apply for a sports betting licence?
The 33 casinos can apply for licenses. Once approved, they can work with an online operator to establish a mobile and/or online betting presence.
Who oversees sports betting in Colorado?
Gambling will be overseen by the Colorado Division of Gambling.
Who can bet on sports in Colorado?
Anyone within the Colorado border who is 21 or older can bet on sports.
MUST BE 21+ • PLAY IN COLORADO ONLY • GAMBLING PROBLEM? CALL 1-800-522-4700
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