Colorado Sports Betting Kicks Off Friday

Written by:
Gilbert Horowitz
Published on:

There won't be any Rockies to bet on in Major League Baseball, nor will there be Nuggets basketball or Avalanche hockey. There will be betting nonetheless.

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You can bet which team is going to win the World Series in addition to some Russian table tennis matches and the upcoming UFC 249.

While most sports have been postponed due to the coronavirus pandemic, the launch of four Colorado sportsbooks will take place as planned on Friday May 1.   FanDuel, BetRivers, Draftkings and BetMGM will each be available for placing bets.  Another 13 sites will open over the course of this year, some by month's end. 

Voters narrowly approved legislation that opened the doors for mobile wagering to be available anywhere within Colorado's borders.  Casinos in Black Hawk, Central City and Cripple Creek will also be able to offer sports gambling in-person but remain closed due to the current COVID-19 pandemic.

Compared to some states that prohibit betting on their state college teams or require in-person registration to place bets online, Colorado is a mostly unrestricted market. It is illegal to place wagers on high school sports and customers must be at least 21 years old. betting on esports is strictly prohibited as are prop bets on college sports that extends to live in-play wagering. 

The vast majority of the tax revenue generated from sports betting will go directly to the Colorado Water Plan.

- Gilbert Horowitz, Gambling911.com

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