Colorado Sports Betting Pros and Cons - Latest News
Gambling911.com has all your latest news as it pertains to legalized sports betting in Colorado. First we take a quick look at some of the pros and cons. The only significant limitation we see in Colorado is the inability to place bets on player props with college sports including March Madness. The overall response towards Iowa sportsbook apps from the get-go have been mostly positive.
| Pros | Cons |
| *Mobile sports betting available | *On-site sports betting only available in three remote towns |
| *No need to register on-site | *No player prop bets offered on college sports |
| *Betting on state college teams allowed | *Social security number submission and potential paper trail and tax on winnings under certain circumstances |
| *Debit cards, credit cards can be used to open betting account and receive payment | *Not available until May 2020 with some additional rules likely |
| *No set betting limits | *No betting on credit |
PointBet Details Colorado Sports Betting Launch
Australian wagering firm PointsBet was quick to set up an office in Downtown Denver and this week outlined plans to launch sports betting some time this coming spring (2020).
Residents narrowly voted to allow sports betting in the state last week.
The Colorado Division of Gaming is now in the process of establishing rules and regulations for the Colorado sports betting market, and PointsBet has said it will work with the regulator to help launch sports betting.
They will be joining forces with Double Eagle Hotel and Casino in Cripple Creek to offer both a retail sportsbook and mobile site.
The on-site venue is expected to include a sports bar, a multi-screen video and odds display wall, viewing parties for major sporting events and extra casino gaming options.
PointsBet currently operates in New Jersey and Iowa.
More Information
Colorado Voters Narrowly Approve Sports Betting
Prop DD Sports Betting Iniative in Colorado Results Coming In
Can I Place Sports Bets With PointsBet in Colorado?
- Gilbert Horowitz, Gambling911.com
