Frequently Asked Questions about Sports Betting in Colorado
1. Does Colorado Law Allow Sports Betting?
Yes, Colorado law does allow sports betting. The state legalized sports betting through Proposition DD, which was approved by voters in November 2019.
2. What types of sports betting are permitted in Colorado?
Under Colorado law, various types of sports betting are allowed, including professional and college sports betting, live betting, and in-game betting.
3. Is online sports betting legal in Colorado?
Yes, online sports betting is legal in Colorado. Licensed operators can provide sports betting services through online platforms, making it accessible for users across the state.
4. What age must I be to bet on sports in Colorado?
To participate in sports betting in Colorado, you must be at least 21 years old.
5. Are there any restrictions on betting for college sports?
Colorado law does allow betting on college sports, but there are restrictions on prop bets and in-game betting related to college events. Always check the specific betting options with your sportsbook.
6. Does Colorado law allow sportsbooks to operate without a license?
No, Colorado law requires all sportsbooks to be licensed. Only licensed operators can legally offer sports betting services in the state.
7. How do I know if a sportsbook is legal in Colorado?
To ensure a sportsbook is legal in Colorado, check if it is licensed by the Colorado Division of Gaming. Licensed operators will typically display their license number prominently on their websites.
8. Does Colorado law allow for mobile sports betting?
Yes, Colorado law does allow for mobile sports betting, which means you can place bets via a mobile app or website on your smartphone or tablet.
9. What taxation do sportsbooks face in Colorado?
Sportsbooks in Colorado are subject to a 10% tax on their adjusted gross revenue, making it an appealing market for operators and bettors alike.
10. Can I receive bonuses when betting on sports in Colorado?
Yes, many licensed sportsbooks in Colorado offer various promotions and bonuses to attract bettors. These can include welcome bonuses, free bets, and ongoing promotions.