Frequently Asked Questions About Sports Betting in Colorado

1. Does Colorado allow sports betting?
Yes, Colorado does allow sports betting. The state legalized sports betting in May 2020, enabling both online and in-person wagering.

2. What types of sports betting are available in Colorado?
In Colorado, you can place bets on a wide range of sports, including professional leagues like the NFL, NBA, MLB, NHL, and college sports, as well as international events.

3. How old do I have to be to bet on sports in Colorado?
You must be at least 21 years old to legally participate in sports betting in Colorado.

4. Are there any restrictions on sports betting in Colorado?
Yes, while Colorado allows sports betting, there are restrictions on betting on certain events, including high school sports and college games involving Colorado teams.

5. Where can I place a sports bet in Colorado?
You can place a sports bet at licensed casinos across the state or through various online sports betting apps that are authorized in Colorado.

6. Does Colorado allow mobile sports betting?
Yes, Colorado allows mobile sports betting. Many operators offer user-friendly apps that make it convenient to place bets from anywhere in the state.

7. How do I start betting on sports in Colorado?
To start betting on sports in Colorado, you need to be at least 21 years old, create an account with an online sportsbook or visit a physical casino, and make a deposit.

8. Are there taxes on sports betting winnings in Colorado?
Yes, winnings from sports betting in Colorado are subject to state taxes, so it’s essential to report your earnings when filing tax returns.

9. Does Colorado allow in-play (live) sports betting?
Yes, Colorado allows in-play or live sports betting, enabling bettors to place bets on games as they are happening.

10. Is sports betting safe in Colorado?
Yes, sports betting in Colorado is regulated by the state, which ensures that licensed sportsbooks adhere to strict standards of security and fairness.