Author:

Michael Tradford

Last Update:

May 15, 2022

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This author was thoroughly tested and approved by the experts at AmericaGambles.com before joining the editorial board to ensure a high content quality.

Author Bio:

 

Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.

Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.

Sports Betting in Colorado: Quick Overview 2022

Are you a resident of the great state of Colorado and an avid sports fan? If so, you have come to the right place as we bring you all the latest information related to sports betting in Colorado. In case you didn’t know, sports betting both live and online is now legal in Colorado, thanks to the House Bill 19-1327 which was passed in May 2019 and legalized sports betting statewide.

We take a close look at all the brick-and-mortar casinos that are licensed to operate online bookmakers, their online betting partners and all the other important information you will want to know before you place your first real money sports wager with a legal betting operator in Colorado.

For the longest time, sports betting was illegal throughout the USA, with the exception of the state of Nevada. This was due to the federal law called PASPA, which was created to protect professional and amateur sports leagues from potential negative influences related to sports betting.

This law was deemed unconstitutional by the Supreme Court and one by one states started issuing their very own sports gambling regulations. Colorado was not among the first to join this trend, but on May 29^th 2019 the state passed the Colorado sports betting bill 19-1327 which made it possible for live casinos to provide sports betting services to their patrons.

Under the current regulations in Colorado, all 33 brick and mortar casinos can (and most have) apply for a single Master License for sports betting. Under this license, casinos can run their own retail sports betting as well as offer online sports betting in cooperation with one of the numerous online sports betting providers.

Over a dozen licenses for live casinos to operate sports betting on their premises have already been granted, with more currently in the works and likely to launch in the coming months. With this number quickly growing, Colorado is on track to become one of the states with the highest number of retail betting operators in the country.

Online sports betting in the state of Colorado was launched on May 1^st 2020 and was made legal by the same House Bill 19-1327 that enabled retail sports betting as well. In order to offer their legal services, online operators must request their licenses from one of the 33 live casinos in the state, provided that the casino has already been granted a Master License by the Colorado Department of Revenue.

Several major online sports book Colorado venues jumped at the opportunity and managed to seal the deals with casinos before online betting was even possible and launched on the very launch date. Some of the major sports betting operators now available in Colorado include BetRivers, BetMGM, Betway, DraftKings and FanDuel.

The situation with online betting Colorado is quite interesting in fact, as this may become one of the states with the greatest number of legal online sportsbooks in America. With over a dozen sites already planned and in negotiations with casinos over their Master License, the competition in the online betting market is bound to become fierce.

In terms of what’s actually on offer in the online betting lobbies of Colorado, players can expect all sorts of betting options including all professional sports leagues, college sports and plenty of non-sports events such as politics, eSports etc.

Mobile sports betting is one of the staples of the modern-day gambling industry and the state of Colorado has been one of the leaders in the USA when it comes to adjusting to this trend. With so many retail sports betting licenses issued and so many online operators jumping on board to partner up with the casinos, the mobile betting market has been flourishing as well.

According to the Colorado sports betting laws, each online sportsbook that is granted a license can also operate a single online sports betting app. This has caused a number of reputable betting apps to already launch within the state, as the likes of FanDuel and BetRivers are already live with their mobile betting products.

Players who download Colorado sports betting apps can use them with the same credentials that they use at the desktop versions of the same bookmakers and can even charge their betting accounts at the local casinos by depositing money at the cashiers. All betting options are offered on mobile devices, with a number of amazing apps available to all customers.

Colorado emerged as a state that was settled by immigrants who were moving further west and in its early 18^th century days it was a state with mainly male population, which meant that pastimes such as drinking and wagering were on the menu daily. The earliest records of gambling in this state are those of card games in local brothels and saloons which were often constructed overnight.

This trend of gambling and other adult entertainment continued well into the 19^th century and most of America’s fabled gamblers frequented Colorado’s gambling halls frequently, including Doc Holiday. As time went by, however, the USA became more “civilized” and eventually gambling in Colorado was outlawed altogether under Puritan influences.

The first true gambling regulation in Colorado came in 1991, when the first casinos were allowed to legally open within the state. Three casinos were open and a maximum stake of USD 5 was imposed. This limit was increased to USD 100 in 2009, making Colorado casinos more appealing to gamblers from other states and international visitors.

The emergence of legal sports betting in Colorado completed the circle by making all major forms of gambling legal within the state. Today, Colorado is a state where gambling is widely spread and not frowned upon at all, with dozens of gambling halls and well-structured laws that make all forms of gambling easy to come by.

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Conclusion

Legal betting finally available

Legal sports betting has been spreading across the USA like wildfire and it has finally made its way to the great state of Colorado. If you are a sports betting fan living in this state, there was never a more exciting time to be alive. Check out our list of the best sports betting sites in Colorado, join up to claim your lucrative betting bonuses and start placing real money wagers from the comfort of your home or mobile device within minutes.

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