Colorado Online Sports Betting Launch Set For May 2020

Colorado Sports Betting

 

With a law passed in November 2019, the state of Colorado is now set to take legal sports bets in 2020.

Colorado residents will be able to enjoy in-person and online sports betting in 2020. The tentative date for offerings is May 1, 2020 and the state is set on being ready to offer when May begins.

Colorado’s betting structure is following other states that have legislated before, here are some details on where you can bet, how and more in Colorado.

Sports betting in Colorado will be available in May, 2020.

 

Where Can I Bet in Colorado?

There are a ton of casinos in the state of Colorado but do not expect every single one to offer sports betting. It is a costly start up cost, and with most people betting online (80+%) when offered, it may not be in the interests of every casino.

There are 39 eligible casinos able to offer sports betting in Black Hawk, Central City, and Cripple Creek. Expand some of the larger ones to offer, while some of the smaller ones will not.

You will be able to bet in-person and from the comforts of your own phone or other mobile devices within the confines of Colorado.

 

Sportsbook Partnerships in Place

1. Double Eagle Hotel and Casino and PointsBet have an agreement in place in Colorado. This will allow for PointsBet to offer its unique and trendsetting offerings to Colorado residents and visitors. As of March 24th, 2020, PointsBet received its sports betting operator license in the state.

2. Full House Resorts (Bronco Billy’s) also have deals with BetAmerica and others, and Bronco Billy’s has already announced a new project that will have a hotel, parking garage, spa, and more coming to the casino in hopes they will capture some of the retail betting, in addition to using BetAmerica and others for the online offerings.

3. Twin River Worldwide Holding partners with DraftKings Sportsbook and FanDuel Sportsbook.

4. Century Casinos, Inc is partnered with Circa Sports Colorado to offer sports betting in the state. In an early April press release, Century Casinos, Inc and Circa Sports were approved for their proper licenses ahead of a May launch. The two had an agreement in February to bring the product to Colorado.

5. Roar Digital is a joint venture with MGM Resorts and GVC Holdings. 

 

What Betting Apps Can I Use in Colorado?

As aforementioned, PointsBet and BetAmerica will be available in Colorado with their respective deals with Double Eagle and Bronco Billy’s. The list has grown in 2020, as there will be double digit big-name sportsbook operators.

Expect there to be many other offerings in the state, as there are plenty of casinos that will be outsourcing their online betting to top internet gaming operators.

Expect to see:

 

What Sports Can I Bet in Colorado?

The only restrictions in Colorado as far as sports betting goes are: no high school sports, no prop bets on collegiate athletics, and no non-sanctioned e-sports competitions.

There is nothing in Colorado law preventing any sport in particular from being offered.

Colorado offers the following sports:

  • Auto Racing
  • Baseball
  • Basketball
  • Bowling
  • Boxing
  • Cricket
  • Football
  • Golf
  • Hockey
  • Lacrosse
  • Mixed Martial Arts
  • Olympics
  • Rugby
  • Sailing
  • Soccer
  • Softball
  • Tennis
  • Track and Field

 

What Types of Bets Can I Place in Colorado?

No prop bets on collegiate athletics can be offered in Colorado, but that is the only restriction as to the type of bets you can place in the state.

Colorado sportsbooks offer:

  • Moneylines
  • Totals
  • Spreads
  • Parlays and Teasers
  • Props
  • Futures
  • Live Betting
  • and more!

 

How Can I Deposit Money at Colorado Sportsbooks?

Expect to see the following cashier methods on sportsbook apps in Colorado:

  • Cashier’s Cage in person
  • Credit/Debit Cards
  • Bank Transfers
  • Prepaid Casino Cards
  • PayPal
  • NETELLER
  • eCheck
  • PayNearMe

 

Colorado Sports Betting Law

The bill “HB19-1327” was passed into law in November of 2019, set for sports betting to be offered as early as May 2020. There are plenty of conditions included, here are some highlights.

  • Voter referendum.
  • A limited number of total licenses issues in the state.
    • Central City, Black Hawk, and Cripple Creek Casinos only, by law.
    • Each will be able to offer mobile/online betting.
  • Taxes set at 10% of net proceeds.
    • Taxes are primarily based to fund the Colorado Water plan, and is a casino tax.
  • Casinos are free to set their OWN betting limits, which is great for consumers.
  • Must be 21 years of age or older to place bets.

 

Colorado Gaming Control Commission Approves Vendors for Sports Betting Licenses

In early April 2020, Colorado has ramped up approvals for sports betting licenses in the state. Just in the first week of April alone, the following have been approved in Colorado to offer sports betting in May.

  • William Hill US
  • Rush Street Interactive (BetRivers)
  • Smarkets USA
  • Penn Sports Interactive (Barstool Sportsbook?)
  • Circa Sports
  • BetMGM

With these additions joining DraftKings, FanDuel, PointsBet, BetAmerica and others, there will be plenty of competition in Colorado sports betting which is great for the bettor. In total, 18 new sports betting licenses were approved in early April, including some of the massive brands seen above.

 

Colorado Will Be A Sports Betting Hot Spot

As of May 1 once Colorado legally is allowed to offer sports betting, there will be a ton of top-branded sportsbook offerings in the state. Currently, the only states to offer a vast amount of competition are New Jersey and Pennsylvania, and Colorado seems to be the third state in this bunch. Credit lawmakers on reasonable taxes that allow for many operators to enter the state. There are vast levels of optimism in Colorado when it comes to the future of sports betting in the state, and there is no secret as to why.

Recent Colorado Sports Betting News

Colorado Online Sports Betting

What Will Colorado Online Sports Betting Look Like on Day 1?

After legislation in November of 2019, Colorado was added to the list of states who could offer legal online sports ...
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Circa Sportsbook Colorado

Sports or Not: Colorado Sports Betting Plans To Be Ready May 1

The earliest possible date for Colorado to offer legal sports betting is May 1st, 2020. All signs are pointing towards ...
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Circa Sportsbook Colorado

Circa Sports Enters Colorado Sports Betting Market via Century Casinos Partnership

The offerings in Colorado continue to expand, as the latest addition to the state is Circa Sports who enters via ...
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Colorado Online Sports Betting

Colorado Sports Betting Update: DraftKings & FanDuel Partnerships Announced

As the legal sports betting industry expands throughout the United States, there will news breaking on different states or sportsbooks ...
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Colorado Online Sports Betting

Over 50 Applicants Apply For A Colorado Sports Betting License, What’s Next?

We are one step closer to legal sports betting in Colorado. After the Colorado Limited Gaming Control Commission finalized all ...
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FREQUENTLY ASKED QUESTIONS ON COLORADO SPORTS BETTING

Is sports betting legal in Colorado?

Yes, Colorado voters approved a bill to legalize sports betting in November 2019. Retail sportsbooks and online sportsbooks will open in May 2020.

Can I bet online in Colorado?

The Colorado sports betting bill includes a provision for statewide online wagering with a start date of May 1, 2020. Familiar online sports betting sites and apps from DraftKings, FanDuel, Pintsbet, William Hill plus more will be available.

What is the legal gambling age in Colorado?

The minimum gambling age for sports betting, horse racing, and casino games in Colorado is 21 years old. The legal gambling age in Colorado is 18 for lottery and bingo games.

Does Colorado have legal online casino's?

No, the last attempt to legalize online casinos in Colorado failed miserably in 2013. With the launch of sports betting, expect Colorado online casinos and poker to get another chance.

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