After PASPA was repealed, Colorado lawmakers started drafting legislation that would eventually make sports betting legal in the state. Eventually, HB19-1327, a law that effectively legalizes both in-person retail sports betting and online sports betting, was born as a result of those efforts.
2018, May 14: Since the Professional and Amateur Sports Protection Act was repealed by the US Supreme Court, each state is free to establish its own rules for authorized sports betting.
2020, May 1: Colorado lawmakers passed legislation establishing the start of legalized sports betting.
2020, Oct. 23: The Colorado Department of Revenue reported a 61 percent rise in total handle in September compared to August’s figures, indicating that the state’s sports betting industry kept expanding.
✦Just only one NFL season weekend in Colorado saw over $13 million gambled on professional football (September 2020).
✦The majority of the total handle, $47.1 million out of the $207,655,942 wagered, went to baseball.
2020, Nov. 17: Colorado serves as the official launch location for the Australian betting company PointsBet.
2020, Nov. 30: For October 2020, the Colorado Department of Revenue released tax and revenue data related to sports betting.
✦A staggering $210,719,821 was wagered on sports in Colorado by bettors at state retail and online sportsbooks. The state of Colorado received $824,700 in direct tax revenue as a result of this.
✦The figures for October showed a whopping 91.5 percent increase over those for September.
✦Sports gamblers in Colorado made $193,317,412 in profits.
2021, Jan. 25: Colorado sports betting revenue for 2020 has been released, showing over $1 billion in earnings.
✦The total wagers in Colorado from May 2020 to December 2020 were $1,185,754,617.
✦Nearly $285 million was wagered in December 2020, shattering all previous records (a 23 percent increase over November’s figures).
✦In 2020, Colorado received nearly $3 million in tax revenue.
2021, Feb. 25: Colorado’s streak of expanding its sports betting handle continued.
✦For the month of January 2021, the state saw wagers totaling $326,903,462.
2021, May 24: Bally’s releases the beta version of Bally Bet, its mobile sports betting application. The present retail sportsbook intends to evaluate its online offerings in three more states in 2021 before making any necessary changes.
2021, May: The initial numbers for Colorado have been released. In the first 12 months, sports wagerers placed a total of $2,324,644,889 wagers. Sportsbooks made a total of $147,359,609 from it, and there were $6,636,138 in state taxes as well.
2021, Aug. 11: In Colorado, Barstool Sportsbook opens for operation.
Casinos in Colorado
Black Hawk, Central City, and Cripple Creek are the three mountain communities where the majority of Colorado’s casinos are found. The casinos in Central City and Black Hawk are close to the Denver area, and Cripple Creek is just around 50 miles west of Colorado Springs. In addition, American Indian tribes run two casinos in Colorado (Ignacio and Towaoc).
Some of Colorado’s Finest and Possibly Luckiest Casinos
Ameristar Black Hawk Casino, Black Hawk
➧The Ameristar Black Hawk, which opened in 2001, boasted 5,300 square meters of gaming space, 1,332 slot machines, 16 blackjack tables, and six poker tables at one point.
Century Casino, Central City
➧Century Casino & Hotel, one of Colorado’s bigger casinos, is similar to Red Dolly in that it blends in as a regular element of a regular mountain community. However, it’s a good deal bigger and offers a little bit more within.
Black Hawk Station Casino, Black Hawk
➧This small casino, located in what feels like an old-west saloon, is a must-stop on every gaming excursion. The Black Hawk Station Casino, favored by residents, has been home to a bar, restaurant, and casino since its owners first opened there in 1993
Double Eagle Hotel and Casino, Cripple Creek
➧The Double Eagle is a fantastic choice if you’d like to stay at a luxury hotel with a built-in casino. The Double Eagle, which was opened in 1996, once held the title of Cripple Creek’s biggest casino.
Wildwood Casino, Cripple Creek
➧The Wildwood is the largest casino in Cripple Creek, and the action doesn’t get much better than the open-round-the-clock gaming floor.
Red Dolly Casino, Black Hawk
➧Red Dolly is not like most large casinos, claiming to be Black Hawk’s oldest and friendliest casino where everyone knows your name. It has been in operation since 1992 and gives off the impression of a straightforward mountain town attraction.
Bronco Billy’s, Cripple Creek
➧Cripple Creek is the sole location for casino activities except Black Hawk and Central City (as well as the Indian reservations). One of the highlights is Bronco Billy’s. Black Hawk is another mountain town venue with an unmistakable “Old West” vibe; it has all the top games and has a reputation for making a big deal out of big jackpot winners.
Monarch Casino, Black Hawk
➧In Black Hawk, Monarch Casino provides much of the same, with a wide variety of games and a stylish decor that helps it blend in slightly. It likely offers the greatest experience on this list for gamblers who include sports betting in their wagers because it features everything you’d expect to find in addition to a focus on TV viewing and live entertainment.
How to Bet on Sports in Colorado
A person must be at least 21 years old, present in a casino that has received state approval, or place a wager remotely using a computer or mobile device to wager on sports in Colorado. Anyone physically present in Colorado must place all online sports wagers.
The following funding options are offered by online sportsbooks, just like they are in other states where sports betting is permitted:
Online banking, Credit or debit card, PayPal, Prepaid cards, Pay with Cash at 7-11, Cash at Cage, Wire transfer.
The simplest and most effective ways to transfer money into and out of an account are typically internet banking and PayPal.
Sportsbooks have different withdrawal procedures, but generally speaking, there are numerous ways to quickly and simply withdraw money from an account:
Instant eChecks, Skrill, PayPal, online banking, in-person cashouts
Types of bets
Spread, moneyline, totals, parlays, teasers, futures, player props, game props, and in-game wagers are permitted in Colorado.
As stated earlier, Colorado enables sports betting on major collegiate sports, auto racing, sanctioned video games (eSports), and Olympic activities in addition to national and international professional leagues.
Among the major leagues to wager on include NFL, MLB, NBA and NHL. This means that betting on the Denver Broncos, Colorado Rockies, Denver Nuggets and Colorado Avalanche is available.
Moreover, both college football and college basketball betting on the Colorado Buffaloes, Colorado State Rams and Air Force Falcons will be available. Wagering will also be available on Denver Pioneers and Northern Colorado Bears basketball.