If you want to bet in Colorado, the options are endless. Some states have limited wagering options, but this is not the case in Colorado. You will never be bored betting in the Centennial State. Sports betting was legalized throughout the United States in 2018 when the Professional and Amateur Sports Protection Act was shot down. This news story consumed the news, so you may have heard of it, even if you had never placed a bet before.
New Jersey led the fight for legal sports betting in the United States. The hard work from lawmakers came to fruition after over a decade of fighting. It took Colorado an extended period to legalize sports betting, but the industry exploded when they passed the legislation.
People in Colorado love their sports. This is one reason why Colorado betting has boomed. Additionally, the state has four professional sports teams. If you’re from CO, you probably love the Broncos, Avalanche, Rockies, and Nuggets.
Each team is usually competitive, which gives people a reason to place bets in the state. Lawmakers also support sports betting, so this helps the state thrive. There are tons of operators and a great selection of retail sportsbooks.
We are sure you’re itching to start betting on sports in CO. Although if you want to bet the right way, keep checking out our guide. We’re going to break down everything you need to know to have a great experience betting on sports in the state. We will dive into some history, discuss the top books in the state, and tell you all the important rules to have a terrific time wagering. Are you ready to be a Colorado betting expert?
Move to the next section to learn about some of our great state’s sports betting history.
In case Colorado is not the state you are located in, don't worry we have you covered. You may want to check some of the other betting guides our betting professionals gathered.
Is Sports Betting Legal In Colorado
Sports betting is not only legal in Colorado. The sports wagering business is thriving in the state, and it has shown no signs of coming to a halt. Colorado is such a lucrative market that sports betting operators are trying to continue entering the state.
This massive market has given Colorado betting a leg up on restricted jurisdictions. Sports betting in CO is surging now, but the growth began in 2019 in the legislature and amongst residents.
Sports betting was proposed in the state through Proposition DD, the Legalize Sports Betting with Tax Revenue for Water. Voters narrowly approved this margin in 2019.
There are 33 casinos that are eligible for Colorado betting licenses. They all were able to apply to offer both retail and mobile skins. If you live in CO, you know the magnitude of wagering in the state. Sportsbooks do a lot of marketing to attract CO bettors. This started once sports betting went live in May of 2020. Mobile sportsbooks went live before retail betting facilities because of the COVID-19 pandemic.
People clung to sports gambling very quickly in the state, but Colorado betting took off once the 2019 soccer season arrived. This also coincided with retail casinos opening and the launch of retail sportsbooks. Sports betting is legal in CO, and it’s here to stay. If you’re interested in getting involved in sports wagering, now is the perfect time in Colorado.
How to Start Betting in Colorado
It’s easy to get involved in Colorado betting if you have an interest. There are tons of great bonus opportunities for you to win big in the state. If you want to place a retail sports bet, you must go to a sportsbook at one of the casinos. Retail sports betting is all about the experience, but it’s not very convenient because you need to travel to a casino. However, it’s very fun betting on sports in person because you get to be around other bettors who are going through the same experience.
To bet at a casino, you just have to travel to the sportsbook and be 21 years of age. The easiest way to wager on sports in Colorado is to do it through your mobile device.
If you want to place a mobile sports bet, proceed to the App or Google Play store and download your sportsbook of choice. There is no restriction on the number of books you register for in CO. It’s best to use a few books so you can line shop and take advantage of the mega bonuses. Once you download the sportsbook, click register and enter the required information.
Once you’re verified, your account is ready to be used. The final step is to make a deposit into your new account and place a bet. It may take a few wagers to understand Colorado betting, but you will catch on quickly.
Which are the Best Licensed Sportsbooks in Colorado
The best-licensed sportsbooks in Colorado are DraftKings and BetMGM. These two books stand above the rest for their awesome markets and great bonuses. Bonuses are the best because the sportsbooks give you house money.
House money is great because it’s impossible to lose. DraftKings and BetMGM will frequently toss you big betting bonuses to win big. These sportsbooks reward new users and recurring players.
Not all sportsbooks in Colorado were created equal. You will not be disappointed with these two platforms. We guarantee it!
Colorado Gambling Regulations and Rules
Colorado betting rules are standard amongst other legal jurisdictions in the United States. As a bettor, you really do not have much to worry about besides the age and location regulations.
To bet in CO, you must be 21 years of age and located in the state.
Sportsbooks guarantee your location by using your phone’s GPS tracking software. You must be located within state borders to register and place a bet. Books identify your age through your social security number.
Casinos and pay an 8.5% tax on retail bets and 13% for all mobile wagers. Racetracks are forced to pay an additional 1.25% for mobile wagers than casinos. They are subject to the same fee for retail betting.
Casinos and racetracks can have up to three mobile skins operating from their license. The state charges $100,000 for the initial fee, and then internet betting operators are charged an additional $400,000. The final fee is $250,000 for responsible gambling.
Licenses Recognized In Colorado
There are tons of sports betting operators in CO that you can choose from as a bettor. Here are some of the best books that you can use for Colorado betting.
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Organizations That Operate in Colorado
Sports betting is a lot of fun, but it can get out of control. If this becomes the case, CO has plenty of options to help you get back on track. The Problem Gambling Coalition of Colorado is here to help if you need support.
They offer resources to educate you on problem gambling and support for people facing gambling addiction. This organization deals with all types of Colorado betting addiction.
The organization works with people in the state to show gambling can turn into a problem and that there is hope. They help treat people recovering from gambling addiction.
How To Know A Sportsbook Is Safe
The sportsbooks in Colorado are very safe. If you play on one of the regulated books in the list above, you should have no fear. Stay away from unregulated books or bookies in CO. You may encounter issues.
What To Do If You Encounter Any Problems
If you encounter problems with a regulated sportsbook, you should call their customer service team. They will help fix any issues you may face. Colorado betting sportsbooks usually offer real customer service representatives for you to speak with when facing issues. This makes things very easy if you face an issue on a sportsbook. Problems are rare, but you will easily have your issues fixed in the state.