The earliest possible date for Colorado to offer legal sports betting is May 1st, 2020. All signs are pointing towards that date, and regulators are still looking for that date to be the initial launch for legal Colorado sportsbooks. The problem is, will there be sports to bet on? Dan Hartman, Director of the Colorado Division of Gaming is quoted: “We have not really approached the [official] launch date yet. We’re still moving everything forward as far as licensing and everything to make sure we reach that May 1 date, and are able to go. Those discussions will certainly happen later on, probably in April as this [COVID-19] crisis moves forward and we will see where the casino industry is at [that] time.”
Colorado casinos are closed through mid-April as the state has well over 200 cases of COVID-19. Sports betting is coming, but like most during this time, it depends on the coronavirus pandemic.
Colorado health officials have ordered closed the following businesses until APRIL 30 because of the coronavirus emergency: Bars, restaurants, theaters, gyms, casinos, hair and nail salons, spas, tattoo and massage parlors, among other enterprises. pic.twitter.com/EcotszAAKJ
— Michael de Yoanna (@mdy1) March 20, 2020
Colorado Approves Sports Betting Licenses
Over 50 Applicants Apply For A Colorado Sports Betting License, What’s Next?
— Action Rush (@ActionRushBets) January 26, 2020
In Colorado, over 50 applicants applied for a sports betting license. Recently, there were 16 licenses that were approved for 11 different companies.
- Twin River received three master licenses, and is also working with FanDuel Sportsbook and DraftKings Sportsbook.
- Full House Resorts received licenses with plans to launch BetAmerica, Smarkets, and Wyn Resorts.
- Bet.Works (theScore’s sportsbook) received a license.
- Vendor licenses were granted to Stadium Technology Group and Sports Information Services.
- Minor licenses were awarded to PopOdds, Fan Leads, and OBeP Payments.
- Penn National Gaming
- Triple Crown
- Double Eagle
- Saratoga Casino
- Monarch Casino
Come May (or whenever sports returns after that), Colorado will certainly have plenty of offerings for sports bettors in the state. Who will rise to the top?
Big Name Online Sportsbook Operators Licensed in Colorado
There will be no shortage of competition in Colorado amongst the big online sportsbook operators, as the list continues to grow before launch in May. The following online sportsbooks will be live in Colorado:
- DraftKings Sportsbook
- FanDuel Sportsbook
- William Hill
- Circa Sports
- and more expected
— Action Rush (@ActionRushBets) January 27, 2020
DraftKings and FanDuel have certainly led the charge in nearly every state they have entered, and with a large database of Colorado players that have played daily fantasy sports on each platform, it will be an easy transition for most bettors to use the two “top brands” in online sports betting. PointsBet and FOXBet will likely be the two that follow, given their unique ability to market and of course FOXBet’s reach with the Fox Sports backing.
When Can I Bet on Sports in Colorado?
All signs are pointing towards May 1st for the launch, but we all know that is not the current hurdle. With coronavirus concerns sweeping the nation and even a full-blown shutdown in the state of California, we could still be weeks (or months) away from the return of sports betting. While some sports overseas may return, the betting markets for those are quite small. This may work out in Colorado’s favor for testing purposes, but when professional sports return in America is when Colorado sportsbooks will be ready to offer bets to their residents and visitors. Legal sports betting in Colorado will be here soon enough.
For more details, see our Colorado Sports Betting page.
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