Colorado Online Sports Betting — Legal And Soon-To-Be Live, And Accessible From Anywhere In The State

Brett Smiley

If you’re wondering if online sports betting legal in Colorado, you’ve come to the right place. The expansion of legal online sports betting continues to sweep the U.S., and Colorado is poised to become the top sports betting market in the West, thanks to a solid law that will allow lots of competition in the market, which is good for sports bettors.

It was no guarantee in Colorado, because the addition of any gambling had to go to the voters through a state referendum. The bill that set up the ballot measure, Proposition DD, and a framework for CO sports betting was HB19-1327. In May 2019 the bill passed, and in November 2019 voters narrowly approved the measure. May 2020 now looks to be a realistic date for online sports betting to get rolled out throughout the state.

It’s not as a huge surprise to see Colorado pass this bill, especially given that it already has almost 40 land-based casinos, located mainly in the cities Black Hawk, Cripple Creek and Central City.

Those casinos will be the ones to bring online sportsbooks to market, most of them through third-parties such as FanDuel Sportsbook, PointsBet and others. Each casino property is allowed to have one online brand “skin,” and one partner for its brick-and-mortar sportsbook.

Throughout this article, we’re going to look at what’s available right now, what is coming, and where the state is heading over the next few years.

Getting started at Colorado online sports betting sites

Before you register an account with any of the sportsbooks that will be opening, there are a few things that you need to consider. These are state-wide rules, so it’s not controllable by any of the sports betting brands within Colorado.

Age limit

The first thing to note is that all players within the state need to be aged 21 or older. This is one of the most common and standard rules across the U.S.

Location

You will need to be within state boundaries to place a bet online. Any mobile apps or desktop sportsbooks will require usage of a geo-location app to verify your location. Again, this is state law. This will make the use of a VPN very difficult, so bear that in mind in case you were thinking of getting one over on the system.

Note that as in most states, you don’t need to be in Colorado to open an account with any of the sportsbooks. In fact, you’re even able to deposit and withdraw from outside of the state. This is because the laws are in place limit where you can place a bet, not sign up to an account. Given that Colorado is one of few legal states in the West, it means that it’s likely going to attract some players from neighboring states as well.

Other

Colorado also forbids people from wagering on amateur sports for those aged 18 and under. Pretty standard. Also law prohibits wagering on eSports and a prop bets involving collegiate athletics (such as receiving yards for a certain LSU player).

Registering

Registering accounts with any online platform is going to take a few minutes to complete and is generally broken down into three steps.

  1. The first part will be to include information such as your name, a username, and a password. Your username will need to be unique, and passwords will likely have to hit some minimum strength settings, such as a certain number (or type) of characters.
  2. Throughout the second part of the registration process, you will need to include your address, phone number, email address, and contact information. Sportsbooks may ask you to add security questions that are linked to your account as well.
  3. The final part to note is that you will need to include the last 4 digits of your Social Security Number. This is one of the few ways that sportsbooks can verify your name, age, and location. Your SSN will not be stored on any sportsbook, and it’s used as an initial reference and then removed from your account. You will never be asked for the full number, so bear this in mind if you do get asked for this.

Depositing and withdrawing at online sportsbooks

Banking in Colorado should fall in line with other states around the country, which means a variety of safe and convenient options.  Below are some of the more popular banking options, but note that it will vary from one online sportsbook to another.

  • PayPal
  • ACH/eCheck
  • Online bank transfers
  • Site-specific prepaid debit cards
  • Electronic wallets
  • Cash at casino cage
  • Visa/Mastercard (often rejected by banks)
  • Skrill
  • Check

Colorado online sportsbooks: The books

While the gaming commission has not yet finalized regulations and given a green light to operators, many casinos are partnering with leading national online sportsbooks.

Here is a list of the sportsbooks that already have agreements in place to go live once approved by regulators, followed by a complete list of licensed Colorado casinos and their location.

Casino/OwnerSportsbook BrandSoftware/techMobile?Launch date
Double Eagle Hotel & CasinoPointsBetPointsBetYesTBD
Full House ResortsWynn SportsbookMiomniYesTBD
Full House ResortsBetAmericaSBTechYesTBD
Full House ResortsSBK Sportsbook SmarketsTBDTBD
The Lodge CasinotheScoreBet.WorksYesTBD
Golden Gates CasinoFanDuelIGT/GAN YesTBD
Golden Gulch CasinoDraftKingsKambiYesTBD
Mardi Gras CasinoFanDuel & DraftKingsIGT/GAN, Kambi YesTBD
Saratoga CasinoBetfredPlaytechYesTBD
Lady Luck; Isle CasinoWilliam HillWilliam HillYesTBD
Century CasinoCirca SportsStadium TechYesTBD

Colorado casinos — full list

  1. Ameristar Casino Black Hawk – Black Hawk
  2. Black Diamond Casino and Salon – Cripple Creek
  3. Brass Ass Casino of Cripple Creek – Cripple Creek
  4. Bronco Billy’s Casino — Cripple Creek
  5. Bull Durham Saloon and Casino – Black Hawk
  6. Bullpen Casino – Black Hawk
  7. BullWhackers Casino – Black Hawk
  8. Century Casino  – Central City
  9. Colorado Central Station Casino – Black Hawk
  10. Colorado Grande Casino – Cripple Creek
  11. Creeker’s Gaming Hall – Cripple Creek
  12. Dan Cooper’s Eureka! Casino – Black Hawk
  13. Doc Holliday Casino – Central City
  14. Dostal Alley Brewpub & Casino – Central City
  15. Double Eagle Hotel & Casino – Cripple Creek
  16. Double Eagle Gold Creek Casino – Cripple Creek
  17. Easy Street Casino – Central City
  18. Famous Bonanza – Central City
  19. The Gilpin Casino – Black Hawk
  20. Gold Rush Hotel – Cripple Creek
  21. Golden Gates Casino – Black Hawk
  22. Golden Gulch Casino  – Black Hawk
  23. Imperial Casino – Cripple Creek
  24. Isle of Capri Casino and Hotel – Black Hawk
  25. J.P. McGills Hotel & Casino – Cripple Creek
  26. Johnny Nolon’s Casino – Cripple Creek
  27. Lady Luck Casino and Hotel – Black Hawk
  28. The Lodge Casino at Black Hawk – Black Hawk
  29. Midnight Rose Hotel & Casino – Cripple Creek
  30. Red Dolly Casino – Black Hawk
  31. Riviera Black Hawk Casino – Black Hawk
  32. Scarlet’s Casino – Central City
  33. Silver Hawk Saloon & Casino – Black Hawk
  34. Sky Ute Lodge and Casino – Ignacio
  35. Teller House – Central City
  36. Uncle Sam’s Casino – Cripple Creek
  37. Ute Mountain Casino Hotel & Resort – Towaoc
  38. Wild Horse Casino – Cripple Creek

Land-based sportsbooks

At the minute, there are no land-based books that are open within the state. The final rules and regulations for the state have not been finalized. While a number of online sports betting partnerships in place, details about physical sportsbooks are still forthcoming.

  • DraftKings Sportsbook will go live at the Mardi Gras Casino.
  • BetAmerica will run Bronco Billy’s

This section will be updated as we learn more about the physical sportsbooks that will come to Colorado.

More CO sportsbooks coming soon

We are expecting to see a large number of land-based books open up over the next 12 months or so. As ever with these things, lots of companies like to keep their cards close to their chests and tend to let on information when the ink is dry, so to speak.

But that trend has been bucked somewhat in Colorado, given that four have already signed deals, and FanDuel was one of the most significant contributors to getting the bill pushed through in the first place. 

Rumors from officials that are working within the gambling sector for Colorado think that over a dozen casinos will apply for licenses.

Laws and regulations

After the U.S. Supreme Court struck down the federal ban on sports wagering in 2018, the online sports betting sector in the U.S. has grown dramatically. Colorado’s move was one that was somewhat expected, given their history in gambling, and the law passed will open one of the most robust, competitive markets.  

The state is going to levy a 10% tax on gross sports betting revenue. This is considerably lower than the likes of Pennsylvania (36%), but a little higher than Nevada (6.75%). 

Good news for bettors, especially since the casinos are concentrated in just three cities: remote registration will be allowed to sign up for accounts, meaning you can register and verify your identification info from your computer or mobile device.

Early figures are predicting that over $10 million will be generated for the state each year, with room to grow. However, given that their current structure of casinos already draws in over $100 million in taxes, it’s thought this figure was conservative. 

One of the benefactors of tax revenue state’s water management plan, which is going to receive the majority of this money. The remaining funds will be pumped into problem gambling, which was part of the deal that was struck when the bill was passed.

Any license that is agreed by each of the casinos will last for two years at a cost of $125,000, and then they will need to be renewed. We are expecting that additional costs will come with this, but they haven’t yet been released. 

A blanket ban on esports betting and any high school sports will be applied. Collegiate matches will be allowed, however, it is thought that prop bets for these will not be accepted. 

Colorado sports betting journey

Colorado has always been a pretty liberal state. Casinos have been prevalent since 1822, and they even legalized recreational marijuana in 2012.

As soon as PASPA was struck down, the bill HB19-1327 was set into motion for online sports betting.  In May 2019, the initial bill passed. It was backed by House Majority Leader, Alec Garnett, and the public referendum corresponding to it was named “Proposition DD”.

For much of the time that the bill was being crafted, polls suggested that the decision to legalize could go either way. Some polls stated that there was a majority against, and then others said for. Either way, this was going to come down to what most believe a pretty close call. It didn’t help that the language of the bill was awkwardly worded, to make it seems like a new tax was going to be imposed on residents.

It was pretty close — as a majority of just 51.5% voted in favor. While it was close, it was all that was needed, and in November 2019, the green light had been given.

As it stands, Colorado online sports betting is close to implementation. It was hoped that it would be accepting applications from the start of 2020, but now a date of May 1st 2020, has been penciled in for sportsbooks to go live. 

Unfortunately, online casino and poker have not been included in the bill. Both are accessible from land-based locations, but they won’t be included online.