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Online Sportsbooks in Colorado

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Colorado, a U.S. state known for deserts, canyons, rivers and the Rocky Mountains, is also known for the laid back gambling atmosphere it has to itself. Existent laws are both conventional and newly developed in this State, and thus, it lends a mix of old and new to their legal affairs. When it comes to gambling in Colorado, the stance is rather liberal.

Since the Gold Rush, most of the gambling that has continued since then is illegal. People gambled with cash and played card games for recreation while illegal, unregulated casinos sprung up, taking complete advantage of the situation. 

Colorado came across its first legal casino which opened its doors in 1991. However, these casinos were to be found only at three locations in the entire state, and the games had limited wager amounts. To make things worse, they had a curfew of 2 AM imposed on them. Additionally, casinos in the tribal lands opened up, but they maintained the state guidelines without causing much trouble for Colorado government.

In terms of gambling in Colorado, 2008 was a game-changer. This was the year legislation allowed the towns which were allowed to host casinos to vote on and decide their rules and regulations. This gave them a chance to liberalize gambling laws for themselves, thereby boosting income from this sector. The cities allowed to host casinos were namely Cripple Creek, Black Hawk, and Central City. With this legislative decision, casinos allowed minimum stake values of $100. Late-night curfews were done away with which meant that casinos remained open for 24 hours. Citizens of Colorado could find themselves an array of gambling options ranging from Video Slots, Poker and Blackjack to Roulette and Craps.

Much like the olden days, bets can be placed on horse-racing and dog-racing activities while the state takes the responsibility to hold fundraisers, which includes charitable bingo and raffles.

Laws and Regulations of Gambling in Colorado

Colorado Laws regulate gambling, and the forms can be broadly categorized under:

– Horse racing and dog racing betting
– Lottery
– Casino Gambling
– Social Gambling
– Charitable Gaming

Being the first American State to legalize the recreational and medical use of marijuana, it is also a state which reaps lumpsum benefits from the sales. The revenues are significant, and that generates enough business to make it to the headlines. Providing serious competition to a $75 million business venture is the newly set up gambling industry in Colorado. This implies that the future looks promising in the state as far as betting and gambling are considered. However, it is difficult to determine what forms of gambling Colorado frowns upon. The type of gambling that has no specific laws regarding them is online gambling. Colorado looks down upon the event of playing poker.

Not until 2016, Daily Fantasy Sports was legal. The governing body of the Division of Professions and Occupations decides upon the licensing procedures and renewal fee structures. Small operators and groups with less than 7500 functional users do not need to apply for a license. 

Online Gambling in Colorado

Some of the judicial bodies like The Colorado Department of Revenue lays down observations which rule out online gambling as illegal. However, the penal code in Colorado does not specify any explicit law against this. As a result, residents do take part in online gambling using sites that are located offshore, but Colorado laws are strict about gambling beyond their jurisdiction.

Additional information regarding gambling laws in Colorado

Information regarding the technicalities of gambling in Colorado are presented below:

– To gamble in Colorado, those must be at least 21 years of age.
– The Colorado Division of Gaming oversees the regulations involved in gambling.
– A total of 38 commercial land-based casinos are present in this State.
– The average revenue obtained from gambling ventures in this State is $745 million.
– The lottery is offered as in-state and multi-state drawings with Colorado ranking 21st on the Lottery National Rankings list.

Although Colorado deals with a particular set of state laws and a separate set of Federal laws to tackle illegal gambling activities, some parts of gambling has not been mentioned in their legislation. This makes the gambling laws in Colorado murky. Residents involved in illegal gambling activities are dealt with severely.

Colorado has been known to be liberal with their gambling laws with every passing day, and as a result, the State has loosened up on their restriction on online gambling laws. 

Poker Laws in Colorado

Colorado State and Federal laws have a dicey outlook on poker. Online poker or live poker is allowed by law, whereas the card game has been made illegal throughout the State. The Attorney General of the State and the Colorado Gaming Commission passes the decision concerning situations like these which cannot be settled by law. 

Private poker tournaments organized at someone’s residence can be considered legal as long as it is not involved commercially. If a fee is charged for hosting a poker tournament which has a cash prize or an award for the win, then the legal intricacies step in.

Is Online Gambling Legal in Colorado?

There is no explicit law regarding online gambling in Colorado. People can indulge in demo games and free trials online, but otherwise, online gambling can be assumed to be banned in Colorado. However, Colorado has been liberal about restrictions regarding online gaming with the years.

Is Sports Betting Legal in Colorado?

No, sports betting is not legal in Colorado. 

What is The Minimum Gambling Age in Colorado?

The minimum age for gambling in Colorado is 21.

How Many Casinos are in Colorado?

There are 38 well-functioning casinos in Colorado currently.

When Will Colorado Have Sports Betting?

A bill legalizing sports betting in Colorado has been introduced which will be put up to vote in November 2019. If the public favors the law, sports gambling could be legal in Colorado by 2020.