Gambling: Casinos & SportsbookYear Regulated Gambling:
Horseracing (1950), Lottery (1982), Casinos (1991)
Estimated Gambling Revenue:
$1.1 billion (from casinos)
18 for lottery and bingo, 21 for casinos and racing
Horse Racing is the only form of legal online gambling
On May 1, 2020, Colorado sports betting became the first state to legalize gambling on sports. Four sportsbooks were operational on the first day of the launch. And as the months went by, several sportsbooks were then entering the Colorado market. The progress is positively contributing to the state’s continuous growth in legal sports betting.
DraftKings, FanDuel, BetMGM, and BetRivers went live. That was six months then after the legalization. Additionally, more than a dozen commercial sportsbooks and one tribal sports betting operator were operational in the state on Nov. 24, 2020. Twelve retail sportsbooks were accepting legal sports wagers in the form at the time.
Furthermore, this page will go over everything there is to know about conventional Colorado online sports betting. This guide will also cover the top sportsbook operators in the state.
Legal Online Sports Betting & Gambling Laws in Colorado
Almost all types of gambling are under the Colorado gambling laws. For example, the law allows people to gamble in live horse racing when money is into a pari-mutuel pool. Moreover, at racetracks and taverns, off-track betting is also legal. However, Greyhound racing was illegal in Colorado in 2014 after the last dog track closed.
Greyhounds are also eligible for off-track bets. However, people who want to wager on horse races in Colorado must be at least 21 years old.
To boost the economies of three mountain cities, officials allow casinos in Colorado. But casinos are only permitted in Colorado inside Black Hawk, Central City, or Cripple Creek. These are gambling towns in Colorado. All of these Colorado casinos accordingly have a $100 bet limit, allowing all games.
Video poker, slots, live poker, blackjack, live poker, Four Card Poker, and craps are available. But, of course, let us not forget about Three Card Poker, Ultimate Texas Hold ’em, and roulette. Players in gambling casinos in Colorado must be at least 21 years old to gamble. In Colorado, casinos are also allowed to operate 24 hours a day. Colorado casinos even owe the state 20% of their gambling earnings in the form of royalties.
Colorado Top Sportsbooks
Positively, Colorado also sees a slew of new sportsbooks spring up across the state. They also vary in size. FanDuel CO and DraftKings sportsbooks being two of the biggest in the United States, while Smarkets and BetWildwood are smaller.
The market for sports betting is far from complete. Since the beginning of May, fifteen sportsbooks have opened in Colorado, with more on the way. Colorado could become another sports betting hotspot, given how rapidly the market grows outside New Jersey and Nevada.
William Hill Sportsbook CO
In welcoming new players, William Hill sportsbook is giving away a welcome bonus for free in Colorado. William Hill, like BetMGM, is offering a risk-free first bet of up to $2,021. After that, sign up for a free account and make a small deposit. You’ll then get a free bet of up to $2,021.
DraftKings Sports Betting CO
You’ll also get a $1,000 deposit bonus with a 20 percent match rate and a $50 free bet from DraftKings. To obtain the entire payout, you must make a $5,000 deposit.
New Colorado sports bettors will get a $600 risk-free first bet from BetMGM. First, however, you must complete the registration process and deposit a minimum of $10 into your account. Then, if your first bet on BetMGM loses, they’ll give back your bet of up to $600 to your account.
Fox Bet CO Sports Betting
As a new user, you should get a $500 risk-free bet right now. Existing customers should take advantage of numerous odds increases, free bets, insured bets, and other promotions.
FanDuel CO Sportsbook
While the FanDuel welcoming offer does not include a deposit bonus, they have doubled the risk-free first bet. Many sportsbooks also give this offer to new accounts. For example, new FanDuel sportsbook accounts in Colorado will get a $1,000 risk-free first bet.
PointsBet CO Sports Betting
Although the FanDuel welcoming offer does not include a deposit bonus, they have doubled the risk-free first bet. Several sportsbooks also give this offer to new players. For example, new FanDuel sportsbook accounts in Colorado will get a $1,000 risk-free first bet.
Sports Betting in Colorado FAQs
Is it legal to wager on any sports in Colorado?
In Colorado, sports betting is legal. Following the enactment of HB19-1327 in 2019. It got the state’s voters’ approval of Proposition DD in November 2019. Furthermore, it allows retail and online sports betting to begin on May 1 in the state.
Is it possible to bet online in Colorado?
Yes, but only when it comes to sports betting. Colorado sports gambling began in May 2020, although there is no legal online casino gambling or online poker in the state. Voters approved the regulation of retail and online sports betting in November 2019.
Is gambling legal in Colorado?
The Colorado ordinance prohibiting gambling is known as CRS 18-10-103. The only exceptions are the lottery, social gambling, horse racing, licensed betting, and the Colorado Division of Racing. Gambling outside of those legal venues, on the other hand, may result in petty crimes, felony charges, and misdemeanors.