Colorado sports betting approved
Industry Updates

Colorado Voters Approve Proposition DD to Legalize Sports Betting

Legal sports betting is coming to Colorado. Voters approved Proposition DD on Tuesday to legalize in-person and online sports betting.

The fate of CO sports betting hinged on Proposition DD receiving a majority YES vote. Had voters rejected Proposition DD, sports betting efforts in Colorado would potentially have been set back years. Proposition DD passed by a slim margin of 50.7%.

What This Means for Coloradans

The passage of Proposition DD means the sports betting bill (HB 19-1327) signed by Governor Jared Polis earlier this year may take effect starting this May. Under the law, Coloradans 21 and older will soon be able to place wagers in person at retail sportsbooks and online via mobile sportsbooks.

Casinos in Black Hawk, Cripple Creek and Central City that successfully apply for sports betting licenses will be the sole authorized providers. Once approved, each casino will be authorized to accept wagers on-premises and operate one betting website / mobile sportsbook.

In-person wagering will be limited to casino property while online betting will be accessible to customers anywhere within state lines via desktop computer or mobile device.

Authorized casinos may also contract with third-party operators for assistance in managing their retail and online betting operations. This means we may soon see the launch of prominent brands such as PointsBet and DraftKings Sportsbook in Colorado.

How Long Will It Be Until I Can Place A Bet?

The sports betting law approved by voters is written to take effect on May 1st, 2020.

In the meantime, casinos can begin construction on retail sportsbooks, forming partnerships with third-party operators and gearing up for online betting. We will likely see sportsbooks (both in-person and online) begin taking wagers shortly after the bill takes effect in May.

Where Will I Be Able to Place Wagers in Colorado?

In-person wagering will be restricted to casinos that are authorized to conduct sports betting. Mobile betting will be accessible from anywhere inside Colorado.

Online sportsbooks will use geolocation technology to ensure all customers are physically present within state lines.

Most Colorado casinos will likely apply for a sports betting license. Some or all of the following casinos are potential locations for retail sportsbooks.

Black Hawk

  • Isle Casino
  • Ameristar Casino
  • Lady Luck Casino
  • Monarch Casino Resort Spa
  • Saratoga Casino
  • The Lodge Casino
  • Golden Mardi Gras Casino
  • Golden Gates Casino
  • Golden Gulch Casino
  • The Gilpin Casino
  • Sasquatch Casino
  • Z Casino
  • The Wild Card Saloon
  • Bill Durham Casino
  • Red Dolly Casino

Central City

  • Century Casino
  • Dostal Alley Casino
  • Easy Street Casino
  • The Famous Bonanza
  • Grand Z Casino Hotel
  • Johnny Z’s Casino

Cripple Creek

  • Bronco Billy’s Casino
  • Billy’s Casino
  • Brass Ass Casino
  • Century Casino Cripple Creek
  • Christmas Casino
  • Colorado Grande Hotel & Casino
  • Double Eagle Hotel & Casino
  • Johnny Nolon’s Casino
  • McGill’s Hotel & Casino
  • Midnight Rose Hotel & Casino
  • Wildwood Casino

Which Sports Will I Be Able to Bet On?

HB 19-1327 allows licensed operators to take wagers on professional, collegiate and Olympic sports events. However, prop bets on college games are prohibited.

The law prohibits wagers on esports events that are not “sanctioned by a sports governing body as an electronic competition.” This seems to preclude esports betting for now, but there is potential for that to change should an accredited esports governing organization be formed in the future.

What Do I Need to Know About Mobile Betting?

Each Colorado casino is permitted to launch one online / mobile betting platform. Some casinos may opt to offer online betting under their own name while others may launch under the names of bigger providers such as PointsBet, DraftKings and FanDuel.

All customers must be 21 or older and located in Colorado to place wagers online. Registration and deposits may be completed remotely. The new CO sports betting law does not require in-person registration.

The Limited Gaming Control Commission will now begin drawing up additional regulations to govern sports betting, including rules regarding how mobile betting providers will verify the identity of each user.

If Colorado follows the lead of other states that have legalized sports betting, operators will be required to collect the name, address, phone number and last four digits of the SSN of each customer.

Similar Posts