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Sports betting in Colorado set to begin May 1
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Department of Revenue’s Gaming Enforcement Division will create a “catalog” or initial list of eligible bets to be continually updated
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College prop bets already prohibited
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Colorado regulators are set to decide what you can and cannot bet on after a voter referendum narrowly passed back in November.
Sports betting will be permitted in the state starting May 1.
According to the new rules, Colorado’s Limited Gaming Control Commission is in charge of approving not only which leagues are eligible for sports wagering, but also which “events” within those leagues’ games can be the subject of prop bets, writes Tiney Ricciardi of the Denver Post.
The Department of Revenue’s Gaming Enforcement Division will create a “catalog” or initial list of eligible bets to be continually updated and distributed to sports book operators in the state, director Dan Hartman said. If licensed casino or sports book operators want to add a prop bet, they can apply to offer it. Applications must be submitted at least 72 hours before the bet is open to public wagering.
“Once that bet is approved … it would be updated on that list and any operator would be able to take that bet,” Hartman said. “That catalog would be a living document.”
If a sports league or a specific event is not listed in the Gaming Enforcement Division’s catalog, operators may apply to have it added, just like a prop bet. The catalog also would enable operators and regulators to remove leagues or bets they no longer want to offer.
The commission debated creating a list of prohibited bets instead, but ultimately settled on the original approach despite concerns by some that such a catalog would be "unmanageable".
Bets on high school sports and prop wagers on college sports are already prohibited.
- Gilbert Horowitz, Gambling911.com
