Sports betting in Colorado: Which sportsbooks are available and how can I place a bet? – Sporting News

Legalized sports betting has exploded onto the scene in the United States following the reversal of the Professional and Amateur Sports Protection Act of 1992 (PASPA) in 2018. Since then, 35 states have legalized sports betting in some capacity.

Want to know if youre able to bet in the Centennial state? Check out our Colorado guide to sports betting:

Sports betting is legal in the state of Colorado as of May 2020. HB19-1327 was passed, authorizing sports betting prior to official legalization on May 1, 2020.

Additionally, the state will collect a tax of 10% on the net proceeds of sports betting activity to fund implementation of the state water plan and other public purposes. Of the total amount of tax collected, after first repaying the general fund appropriation for startup and initial operating costs, 6% is set aside annually to compensate the beneficiaries of revenues generated by limited gaming and other wagering activities for any losses attributable to competition from sports betting.

Colorado sports betting allows users over the age of 21 to make online, mobile, and retail wagers. Additionally, all legal sports bets need to be placed within state lines. Mobile sportsbooks utilize geolocation to track your phones internal GPS chip. When betting online, users are prompted to download a plugin to make legalized bets. If making retail wagers, head to a Colorado casino to make your bets in person.

Betting on college sports is allowed in Colorado. Various sports are available to bet on, and Coloradans are able to bet on sporting events involving their in-state Division I schools (University of Colorado, Colorado State, University of Denver, Air Force Academy) as well as all other regulated NCAA sporting teams and events. The one nuance to betting on college sports in Colorado is that player props on college sporting events are not allowed. Player props are bets on players' individual performance, like will x player score over/under 15.5 total points?

Despite the prohibition of college player props, futures bets on college teams and players are allowed. Popular futures bets include betting on the University of Colorado to win the Pac-12 conference in basketball or on who will win the Heisman trophy in football. Futures betting is not just subject to schools in Colorado, as all available players can be wagered on.

Currently, 25 legal sportsbooks operate in the state of Colorado. Colorado is one of the more widely-available states when it comes to sports betting, allowing bettors the opportunity to pick and choose what books they want to bet at.

Below is a list of all legal 25 sportsbooks in Colorado:

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Sports betting in Colorado: Which sportsbooks are available and how can I place a bet? - Sporting News