Colorado Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

Residents of the great state of Colorado voted in a ballot referendum to approve legal sports betting in late 2019 and should be able make wagers around May or June of 2020. In an extremely close vote, Proposition DD was approved, which will open the door to legal sports betting in Colorado. Over 1.3 million people voted and the bill passed by less than two percent of the vote.

The actual bill that creates a framework for CO sports betting, HB19-1327, restricts sports betting to casinos already licensed. The vast majority of the state’s 33 casinos are located in the cities of Black Hawk, Cripple Creek and Central City. The approved bill will also allow the licensed casinos to offer brick-and-mortar sportsbooks, but more importantly, mobile and online sportsbooks, which will be available for use statewide, as in Indiana, New Jersey and Pennsylvania.

Colorado casinos will pay a 10% tax fee on gross sports wagering revenue, which is in the middle-lower range of tax rates across the U.S.  A large majority of the money collected from sports betting will go towards multiple projects agreed by the state to help with the future growth of Colorado such as the Colorado Water Plan. 

Sportsbook operators, software providers and vendors and casinos have already submitted over 50 applications to the Colorado Division of Gaming (CDG), with the hope of being approved with a temporary license while the CDG crafts and finalizes regulations. Some licensees will be existing Colorado casinos, others will be sportsbook operators looking to gain a foothold in Colorado and elsewhere. 

Colorado sports betting timetable

If all goes as planned, sports bettors could be placing bets in early May, which unfortunately means bettors may miss out on NCAA Tournament wagering. However, some Colorado sportsbooks could certainly have the green light in time for the NBA playoffs and of course the MLB season. Colorado regulators have been working efficiently and quickly, so it is very likely sportsbooks will be up and running before football season.

It seems like states are legalizing sports betting at a frantic pace. Here is a quick and updated article on where legalization stands in Colorado. The good news is that Coloradans should be able to place a bet on the Broncos next football season.

CO legal sportsbooks and future Colorado sportsbooks

Below you will find a list of Colorado casinos and their home cities in alphabetical order that already have, or will be seeking, a sports betting license.

These casinos may partner with one company to build out and brand its brick-and-mortar sportsbook, and another company for its online/mobile sportsbook, if it desires.

While there aren’t currently any active brick-and-mortar books in the state, the first ones are expected to open in 2020, once regulations get finalized.

Does Black Hawk have sports betting? You bet

  • Ameristar Casino Black Hawk
  • Bull Durham Saloon and Casino
  • BullWhackers Casino
  • Canyon Casino
  • Fitzgeralds Casino
  • Isle of Capri Casino and Hotel
  • Lady Luck Casino and Hotel
  • Red Dolly Casino
  • Riviera Black Hawk Casino
  • Sasquatch Casino
  • Silver Hawk Saloon & Casino
  • Red Dolly Casino
  • Riviera Black Hawk Casino
  • Sasquatch Casino
  • Silver Hawk Saloon & Casino
  • The Wild Card Saloon & Casino
  • Z Casino – Black Hawk

Cripple Creek

  • Black Diamond Casino and Salon
  • Brass Ass Casino of Cripple Creek
  • Colorado Grande Casino
  • Creeker’s Gaming Hall
  • Gold Rush Hotel
  • Imperial Casino
  • J.P. McGills Hotel & Casino
  • Johnny Nolon’s Casino
  • Midnight Rose Hotel & Casino
  • Uncle Sam’s Casino
  • Wildwood Casino

Central City

  • Century Casino
  • Famous Bonanza
  • Teller House

Other

  • Sky Ute Lodge and Casino – Ignacio
  • Ute Mountain Casino Hotel & Resort – Towaoc

Mobile/online sportsbook partnerships in Colorado

SportsbookCasino partnerTech providerMobile?Launch date
PointsBet USADouble Eagle Hotel & CasinoPointsBetYesTBD
SmarketsBronco Billy’s Casino
SmarketsTBD
TBD
Wynn SportsBronco Billy’s Casino
MiomniTBD
TBD
BetAmericaBronco Billy’s Casino
SBTechYesTBD
theScoreThe Lodge Casino
Bet.WorksYesTBD
FanDuel
The Golden Gates CasinoIGT/GANYesTBD
DraftKings
Golden Gulch Casino
Kambi (SB Tech in future)YesTBD
FanDuel & DraftKings
Mardi Gras Casino
IGT/GAN, KambiYesTBD
BetfredSaratoga Casino
PlaytechYesTBD
William HillLady Luck, Isle CasinoWilliam HillYesTBD
Circa SportsCentury CasinoStadium TechnologyYesTBD
ISI Race & Sports (ISI)Wildwood CasinoAmelcoYesTBD

FanDuel, DraftKings, PointsBet and theScore all have announced deals to enter the sports betting arena in Colorado. Twin River World Holdings inked deals with FanDuel and DraftKings. The terms of the deal for both growing sports betting brands were not disclosed. Regardless of the terms, FanDuel and DraftKings will further strengthen their sports betting reach especially in the western part of the country.  

Twin River Worldwide Holdings owns Golden Gates Casino (Black Hawk), Golden Gulch Casino (Black Hawk) and Mardi Gras Casino (Black Hawk). Twin River has three total skins because they own three separate properties and each property gets one skin. Twin River technically still has one available online skin for another mobile sports betting company. DraftKings will be building and branding the retail sportsbook  at the Mardi Gras Casino.

TheScore also announced a deal with Jacobs Entertainment. Inc. The deal is for 10 years and gives Jacobs Entertainment. Inc. a percentage of sports betting revenue. TheScore is now available in New Jersey, and with the expansion into Colorado, should help the company gain better footing in the sports betting space. 

Betfred has secured a partnership with Saratoga Casino Black Hawk to operate a retail and online sportsbook at Saratoga Casino in Black Hawk. Betfred is a British company that has ventured into sports betting in the U.S. and should be live in four states by the end of 2020, including Iowa.

More potential online sportsbooks that may enter Colorado

  • 888sport 
  • Barstool Sportsbook
  • Bet365
  • BetMGM
  • Caesars
  • FOX Bet
  • William Hill
  • Unibet

Banking options

When the online sportsbook do go live, the majority of the most convenient — and safe– deposit and withdrawal options will be available, which is a sigh of relief for anyone who may have been using offshore sportsbooks operating illegally in the U.S. These methods include:

  • PayPal
  • ACH/eCheck
  • Online banking (log into your banking account through the portal)
  • Check
  • Cash at the casino cages
  • Site-specific prepaid debit cards
  • Skrill

FAQ about Colorado sports betting

Who can bet on sports in Colorado?

You will need to be 21 years of age to place a sports wager.

Is there mobile sports betting in Colorado?

It’s coming, but not quite yet. The plan is to have mobile and online betting up and running by May 1, 2020.

Do I need to be in Colorado to bet real-money on sports

Yes. You will need to be within the state to make a legal wager.

Do I need to be a state resident in Colorado to bet on sports?

No. If you are 21 or older, and inside the state at the time you bet, it is legal to make a sports wager.

What types of bets are available?

Single game bets, moneyline, totals, parlays, teasers, game props, player prop bets (professional sports only). Pretty much the full menu as seen at other legal sportsbooks in other states.

Can I bet on local professional and college teams?

You will be allowed to bet on all in-state professional sports teams and local universities. However you will not be able to make prop bets on college games.

What sports or events can I bet on?

All professional sports including MLB, NFL, NBA, NFL, soccer, golf, boxing, MMA, motorsports, Olympics and most college sports. Each sportsbook can create their own list of eligible sports which is important to keep in mind. Some might offer more options than others. No eSports betting.

What are the taxes and licensing fees on sports betting?

For companies/sportsbook operators to qualify for a license, they are required to pay a non-refundable $10,000 fee and then a $125,000 licensing fee for a two year period. Each year, each casino will need to pay a 10% tax to the state on gross gaming revenue.

Colorado sports betting journey

In 1991, Colorado legalized casino gambling but the state has always had limited gaming options with low maximum wagers. The limited style gaming options only allowed gambling on poker, craps, roulette, slot machines and blackjack, and all online options were banned. The maximum wager allowed was $100.

After the U.S. Supreme Court ruling in May 2018 that overturned PASPA, which had prohibited states from offering legal sports betting, Colorado began to look into the process of bringing sports betting to the state.

In May of 2019, the state Legislature sent the sports betting bill HB 19-1327 to the governor for his signature. It then went to vote and was approved by the residents of Colorado in November of last year. 

There will not be a limit to bet sizes for sports wagering, but the $100 maximum fee for casino games is still in place. Sportsbook operators will be allowed to set their own limits. This new change in wager size and with a new mobile option should make for a positive change for casinos and their new sports betting clients.

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