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Colorado

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[infogram id=”_/UaGfb7GBeeojPt7AWuI3″ prefix=”XLa” format=”interactive” title=”EGRUS Colorado – Market data”]

Is sports betting legal? 

Yes

Sports betting is now legal in Colorado as of May 2020. The state voted via public referendum to legalize betting after Governor Jared Polis signed a bill back in May 2019. The law includes state-wide mobile betting.

Regulator details

Colorado Division of Gaming

17301 W. Colfax Ave.

Suite 135

Golden, CO 80401

303-205-1300

dor_gamingweb@state.co.us

https://www.colorado.gov/pacific/enforcement/gaming

Director: Dan Hartman

Is sports betting permitted online?

Sports betting is permitted online in Colorado, with operators able to apply for retail and online betting licenses to operate in the state

What type of licenses are available?

  • MASTER LICENSE is required for all persons permitting or conducting sports betting on their premises in Black Hawk, Central City, and Cripple Creek for use and operation by the public. Each person licensed as a master licensee shall have and maintain sole and exclusive legal possession of the entire premises for which the master license is issued.
  • SPORTS BETTING OPERATOR LICENSE is required for all persons who contract with a master licensee for the purpose of conducting a sports betting operation. An operator license is not required for persons holding master gaming licenses.
  • INTERNET SPORTS BETTING OPERATOR LICENSE is required for all persons who provide an individually branded website for internet sports betting operation.
  • VENDOR MAJOR LICENSE is required for any person and/or entity who acts on behalf of an establishment licensed to operate sports betting gaming and: (1) Manages, administers or controls wagers that are initiated, received or made on a sports betting gaming system; (2) Manages, administers or controls the games with which wagers that are initiated, received or made on a sports betting gaming system are associated; (3) Maintains or operates the software or hardware of a sports betting gaming system; (4) Provides products, services, information or assets to an establishment licensed to operate sports betting gaming and/or receives, therefore, a percentage of gaming revenue from the establishment’s sports betting gaming system.
  • VENDOR MINOR LICENSE is required for any person and/or entity who provides services for or acts on behalf of an establishment licensed to operate sports betting gaming, who is not required to obtain a Vendor Major License.

How many skins are permitted per license?

One skin per license or registered subsidiary within the state

How do you apply for a license?

https://www.colorado.gov/pacific/enforcement/sports-betting-licenses

What are the integrity fees?

N/A

What is the current tax rate?

Tax on ‘net proceeds’ is set at a reasonable 10%, on top of a one-time license fee of $125,000

Is there a self-exclusion register in the state?

Yes, available here: http://www.problemgamblingcolorado.org/content/self-exclusion

Is there any specific legislation for daily fantasy sports?

Yes. Colorado was the fifth state to regulate DFS back in 2016. Despite entering into law in 2017  license fees and tax rates are still to be decided.

What legislation, if any, is currently pending?

None