Colorado Sports Betting 2020
Colorado residents can expect to place legal sports bets online and at some Colorado casinos throughout the state in May 2020!
CO Online Sports Betting
Online sports betting is coming to colorful Colorado by late spring 2020. After a bureaucratic shuffle and more than one bill passing through the legislature, Coloradans can legally bet on sports!
You’ll be able to bet on all of your favorite professional sports from NFL to NBA and more! There are over 30 Colorado casinos who will be eligible to implement both online sports betting and in-person wagering.
Remember, Colorado sports betting is legal and on the books, but the law doesn’t take effect until 2020. It’s more than likely that casinos will be ready and able to open their doors and release apps right away, but there may be a delay.
CO Sportsbooks Apps
As we’ve stated, there aren’t any regulated sports betting apps just yet. Everything is in place for Colorado casinos to have both in-person and online sportsbooks. Online CO casinos, however, don't seem likely. Although you can do horse betting in Colorado.
Residents of Cripple Creek, Black Hawk, and Central City will have to vote on a separate ballot initiative for in-person sportsbooks in their towns–this means that online sportsbooks will be the only way to bet in Colorado until these ballots pass.
Other states that have passed sports betting laws such as, Indiana sports betting and Tennessee sports betting, have seen similar timelines: the law gets passed, then anywhere from six months to a year go by before the first sportsbooks go live.
However, reports indicate that the process will go much more smoothly for Colorado sportsbooks, as they can go directly to online wagering without having to have a physical sportsbook. PointsBet is expected to be an early entry when you consider their partnership with Double Eagle.
All this considered, it’s more than likely that Colorado will have online betting apps by early summer of 2020, just in time to start betting on the NBA playoffs.
CO Sports Betting Rules
House Bill 1327 was signed into law in May of 2019. This bill made provisions for sports betting law (Proposition DD) to be drafted and voted on in November’s general election. By a small margin, the sports betting law passed, and Colorado will see its first legal sportsbooks opening by the summer of 2020.
The Colorado sports betting law has a few key points to note. First off, this proposition does not take effect until May 2020. There are licensing issues and requirements for any casino offering legal sports betting apps, so it’s possible that casinos will not be ready for the May 2020 release date.
If you’re looking to make a proposition (or “prop”) bet on collegiate sports in Colorado, you’re not going to be legally allowed to do so. Proposition bets are bets made on in-game events and not the final outcome of the game itself, and Colorado sports betting prohibits prop bets on collegiate events. All other bets on college sports are legal.
Finally, Colorado sports betting will be taxed at a rate of 10% to support the Colorado Water Plan. When casinos do release sports betting apps starting in May 2020, wagers will be taxed with the revenue going to improve water quality for the Centennial State’s growing population.