Colorado Sports Betting Launch Set For May 2020
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 but that is the earliest possible date. Of course, nothing is set in stone as far as timelines.
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 spring or summer 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.
Partnerships in Place
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.
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.
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.
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 potentially see:
- FanDuel Sportsbook
- DraftKings Sportsbook
- Unibet Sportsbook
- William Hill
- and more!
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
- Mixed Martial Arts
- 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:
- Parlays and Teasers
- 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
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.