Since 1991 it has been legal to play a handful of gambling games in three mountain towns. Coming at the start of May, Colorado sports betting will be legalized. Voted on in November of 2019 Proposition DD narrowly passed allowing Colorado to become one of the many states which have recently legalized sports gambling. The money will fun the Centennial State’s water projects.
Colorado regulators hope to be ready at the beginning of May but there is a process for operators to get approval which may take some time.
Once legalized bettors will be able to place in-person wagers at licensed casinos. Those are in Black Hawk, Central City, and Cripple Creek. This option will also apply at tribal casinos in southwestern Colorado and through mobile or web-based apps that have partnered with licensed Colorado casinos.
Digital sports betting will be available wherever and you do not need to be in a casino to place bets. Downloading apps from popular names like DraftKings, FanDuel, PointsBet, Betfred, Barstool Sports and Circa Sports will allow you to bet. So long as you are in Colorado as geofencing technology will be used to ensure that you’re within the state while placing bets.
You must be 21 to bet on sports or within a casino. Online casino games and poker will remain illegal. Though there will be no limit on sports wagers whereas Colorado’s current laws cap bets at $100 in the mountain casinos.
Colorado sports gambling will be legal for individual, team, international and Olympic competitions, as well as collegiate, motor and sanctioned video-game sports. The ruling on which leagues will be permissible has yet to be finalized. High school sports will remain illegal to wager on.
Nearly every traditional and prop bet will be legal except prop bets on collegiate sports. The state will make a catalog of which prop bets sportsbooks can offer. The most traditional way of betting on sports is to wager on the final outcome of a game, or which team wins/loses. However, so-called prop bets have become increasingly popular, especially for gamblers using digital sportsbooks.
There are over 40 casinos in Colorado with a majority of them in Black Hawk, Central City and Cripple Creek. All three are mountain towns, the first two being in Gilpin county and the last in Teller. The final two are in Ignacio and Towaoc near the four corners. The industry has grown all within the last 30 years and continues to do so.
The most popular casinos in the state are the Ameristar Casino in Black Hawk and The Lodge Casino also in Black Hawk. Penn National Gaming owns Ameristar and The Lodge is run by Jacobs Entertainment, Inc.
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