Colorado Gambling Sites

Sports betting is officially live in Colorado.

Legal online sports betting is now thriving with numerous top-quality Colorado sportsbooks available. Here, we will take a look at the best legal sportsbooks and apps that are available in the Centennial State.

We have created a list of the best Colorado sports betting sites for local players to choose from including details of the Colorado sports betting law and how it fits in within the overall sports betting industry.

There are now several sports betting apps available to wager on in Colorado. The apps allow you to bet on the go as long as you are aged 21 or over, and physically located within state borders.

You can sign up from anywhere across the country, but you need to be in a legalized state before placing your bets. You do not need to be a resident of Colorado to bet on a CO sportsbook, you just have to physically be in state lines.

Sportsbooks and betting apps that are live in Colorado include:

• BetMGM
• BetRivers
• DraftKings Sportsbook
• Caesars Sportsbook
• FanDuel Sportsbook
• betway Sportsbook
• bet365 Sportsbook
• Circa Sports
• BetMonarch
• Bally Bet

You will be required to ensure your location settings are on before you bet. Your device will use geolocation technology to check you are in Colorado before allowing you to place wagers.

Sports Betting in Colorado: How Did We Get Here:

Sports betting in the Centennial State was legalized in November of 2019. This followed the state legislature approving the Colorado sports betting bill in the summer of the same year. It is reported 1.3 million people voted on the bill—the bill passed by 20,000 votes.

Following the US Supreme Court’s repeal of PASPA in 2018, the general attitude towards sports betting across the states has changed. It took almost a year for a bill to legalize sports betting. Bill H 1327 passed through the Colorado House and the Senate Finance with ease.

The law in Colorado required a vote due to a restriction on implementing new taxes known as a Taxpayer Bill of Rights (TABOR.) Any motion put forward that will increase taxes on Colorado residents must receive a popular vote.

The sports betting law in CO creates three types of licenses, which are:

• Master license
• Sports betting operator
• Internet sports betting operator

All 33 of the tribal casinos in Colorado can apply for a master license. The law requires a casino to partner with a land-based operator and an internet operator and then share the same online/mobile iGaming platform.

There is a 10% tax rate placed on CO sports betting. The current law does not allow wagers on either esports or high school sports. Sports betting in the state is regulated by the Colorado Division of Gaming Enforcement.

Sports betting officially started in Colorado on May 1, 2020. Colorado fantasy sports (DFS) has been allowed in the state since 2015 and has proved very popular with players. Online CO betting sites will be hoping that players who enjoy playing DFS will feel equally at home wagering in the state.

How Sports Betting In Colorado Works

There are 31 commercial casinos in Colorado. These are in Black Hawk, Century City, and Cripple Creek. There are also two tribal casinos in the state. The tribes can add any games as long as they have been authorized elsewhere in CO.

The law dictates that each casino can apply for a master license for sports betting. If a casino obtains a master license, it can offer both mobile and retail wagering. Moreover, a license holder can partner with up to two strategic operators. These give operators the option to use a company for online sports betting or land-based sports betting.

Colorado Sports Betting Rules & Regulations

Gov. Jared Polis signed HB 1327 and after being approved by voters it became law. The bill contains some key information, including the following core principles:

• You can legally wager at online and retail sportsbooks
• The state gives licenses to operators that partner with casinos
• Sportsbooks are taxed at a rate of 10%

Following this, there are three different types of licenses in Colorado:

• Master License: Kept for the state’s 33 casinos
• Sports Betting Operator: Physical retail sportsbook operator
• Online Sports Betting Operator: One online skin per land-based casino

All 33 casinos in the state are permitted to apply for a master license. To apply, casinos need to pay a $10,000 initial fee, in addition to a two-year $125,000 licensing fee. Any approved casino can then sign a deal with a land-based sportsbook or online betting site.