Frequently Asked Questions About Sports Betting in Colorado
1. Can you sports bet in Colorado?
Yes, you can sports bet in Colorado. The state legalized sports betting in May 2020, allowing both in-person and online sports betting options for residents and visitors.
2. What types of sports can you bet on in Colorado?
In Colorado, you can bet on a variety of sports, including professional and college sports, as well as certain international events. This includes popular sports like football, basketball, baseball, hockey, and soccer.
3. Do I need to be a resident of Colorado to sports bet?
No, you do not need to be a resident to sports bet in Colorado. Anyone who is 21 years or older can legally place bets while physically located in the state.
4. How old do I need to be to sports bet in Colorado?
You must be at least 21 years old to engage in sports betting in Colorado, whether online or at a physical sportsbook location.
5. Can you sports bet in Colorado using mobile devices?
Yes! In Colorado, you can sports bet using mobile devices through licensed sportsbook apps. These apps are available for download on both Android and iOS platforms.
6. Are there any restrictions on betting on college sports in Colorado?
While you can sports bet on college events in Colorado, there are some restrictions. For instance, betting on in-state college teams or events is generally prohibited.
7. What is the tax rate on sports betting winnings in Colorado?
In Colorado, gambling winnings, including those from sports betting, are subject to a state income tax rate of 4.63%. You should report any winnings when filing your state income taxes.
8. Can you sports bet in Colorado at any time?
Yes, you can sports bet in Colorado at any time. Online sportsbooks operate 24/7, allowing you to place bets on games and events whenever you choose.
9. What are some popular sportsbooks available in Colorado?
Several popular sportsbooks operate in Colorado, including DraftKings, FanDuel, BetMGM, and PointsBet. Each offers unique features, so you may want to explore multiple platforms.
10. How do I get started with sports betting in Colorado?
To get started with sports betting in Colorado, you need to choose a licensed sportsbook, create an account, make a deposit, and then you can begin placing bets on various sports events. Remember, you must be physically located within the state to bet.