Colorado residents might not be able to enter a casino anytime soon, but they can finally place a legal sports bet.
The state stuck with its original launch date of May 1 despite the Covid-19 pandemic, with four online sportsbooks going live with their online offerings. Even though Colorado casinos were shut down in late-March and have yet to be re-opened, four of the biggest players in the U.S. mobile sports betting landcape are wasting no time reaching out to residents of the Centennial State, with several other notable sportsbooks expected to join the fray soon.
Here’s a look at the current Colorado sports betting landscape:
Colorado Sports Books
|CASINO/RACETRACK/OPERATOR||SPORTSBOOK PROVIDER||LAUNCH DATE||MOBILE STATUS||OFFERS/PROMOTIONS|
|CENTURY CASINO||CIRCA SPORTS||TBD||PLANNED||x|
|DOUBLE EAGLE HOTEL AND CASINO||POINTSBET||TBD||PLANNED||x|
|ELDORADO RESORTS||WILLIAM HILL||TBD||PLANNED||x|
|FULL HOUSE RESORTS||BETAMERICA||TBD||PLANNED||x|
|FULL HOUSE RESORTS||SBK SPORTSBOOK||TBD||PLANNED||x|
|FULL HOUSE RESORTS||WYNN RESORTS||TBD||PLANNED||x|
|ISLE CASINO, LADY LUCK||WILLIAM HILL||TBD||PLANNED||x|
|MONARCH CASINO||STADIUM TECHNOLOGY||TBD||PLANNED||x|
|TRIPLE CROWN CASINOS’ MIDNIGHT ROSE||BETMGM||MAY 1/20||ACTIVE||x|
|TRIPLE CROWN CASINOS’ J.P. McGILLS||BETRIVERS||MAY 1/20||ACTIVE||x|
|TWIN RIVER||DRAFTKINGS||MAY 1/20||ACTIVE||x|
|TWIN RIVER||FANDUEL||MAY 1/20||ACTIVE||x|
|SARATOGA CASINO BLACK HAWK||BETFRED||TBD||PLANNED||x|
|SMARKETS SBK||SMARKETS SBK||TBD||PLANNED||x|
A handful of other operators have been approved for master sports betting licenses, including 888, Barstool, bet365, betMGM, BetRivers, Penn National, Unibet and others.
Colorado Sports Betting History
Colorado certainly wasn’t among the first batch of states to dive headlong into sports betting legislation; the state’s bill wasn’t approved until the summer of 2019, and was subject to a public referendum since the implementation of legalized sports betting would lead to increased taxpayers for state residents.
The emergence of sports betting in The Centennial State was by no means a slam dunk; voters approved the legalization of sports wagering by a razor-thin margin in November 2019, setting the stage for Colorado to enter the sports betting landscape in the new year. And even with approval secured, it has taken several months for the process to advance to the point where legal sports betting finally became a reality on the morning of May 1, 2020.
Colorado Sports Betting at a Glance
Here’s what you need to know about Colorado’s current sports betting landscape:
- Licenses cost $125,000 and are valid for two years
- The state will impose a 10% tax rate, which is among the lowest in the country.
- Prop bets are not permitted.
- Bettors can wager on both professional and college sports.
- All 33 casinos within the state are permitted to apply for a license – and the overwhelming majority already have.
- PlayColorado.com suggests that Colorado sportsbooks could see up to $6 billion in handle annually at its peak.
Colorado Sports Betting FAQs
Where can I place a legal sports wager in Colorado?
As of May 1, 2020, you can place a legal wager in Colorado on one of four online sportsbooks: BetMGM, BetRivers, DraftKings Sportsbook and FanDuel Sportsbook. In addition, Colorado residents should anticipate an explosion of sportsbook launches at brick-and-mortar casinos once they’re able to re-open; it’s expected that Eldorado Resorts, Full House Resorts and Jacobs Entertainment will offer sports betting at each of the casinos they oversee.
When will mobile sports betting be available in the state?
Four online sportsbooks are presently offering mobile wagering in Colorado, with many more on the way.
Will brick-and-mortar locations be offering sports betting in Colorado?
With Colorado boasting 33 casinos, there will be no shortage of secondary players even after the first wave of sportsbooks get cracking – and if the launch of brick-and-mortar sports betting within Colorado’s borders is delayed into the summer or beyond, we could see an unprecedented amount of competition for your in-house sports betting dollar.
How is sports betting regulated in Colorado?
The Colorado Division of Gaming oversees all sports betting within the state.
What kinds of sports wagers can I make at Colorado casinos?
As with the rest of the states that have successfully introduced sports betting legislation, Colorado bettors have the following bet types available to them:
- Straight wagers
- Totals wagers (Over/Under)
- Moneyline wagers
- Futures wagers
However, it’s notable that Colorado does not offer prop wagers initially; the majority of states provide prop betting opportunities.
What sports are available for wagering on in Colorado?
As with the majority of states that have legalized sports betting to date, Colorado casinos provide bettors with a wide selection of sports to bet on, including:
- Professional and college football
- Professional and college basketball
- Professional hockey
- Professional baseball
- Auto Racing
More State Overviews
- West Virginia Sports Betting
- Indiana Sports Betting
- Nevada Sports Betting
- New York Sports Betting
- New Jersey Sports Betting
- Pennsylvania Sports Betting
- Delaware Sports Betting