- Novig promotes from within for new COO
- Novig unveils commission-free sports betting app in Colorado
- Sports betting and online casino performance round-up (January 5)
- Colorado regulator to debate pick’em prohibition in DFS rule changes
- BetMGM teams up with Kindbridge on Colorado-based RG project pilot
- PlayUp USA faces uncertain future after New Jersey regulator revokes license
- Council of US gaming regulators looks to enable tougher standards with new guidelines
- Colorado walks back on exchange betting regulation plans
- Colorado sports betting market generates $12bn in handle in first three years
- BlueBet expands to second US state with Colorado launch
- Bet365 nets three-year Colorado Rockies partnership
- Regulators bite back after reports suggest potential for betting on WWE matches
- Bet365 expands to second US state with Colorado launch
- Colorado sportsbooks endure rare negative net revenue month in June
- Colorado handle rockets 44.6% in May 2022 as NBA and NHL buoys numbers
- Colorado regulator’s slammed in damning audit report
- Colorado targets phased end to sportsbook promo tax incentives
- Betsson launches long-delayed US sportsbook
- Betsson Group looks to B2C to springboard B2B sportsbook growth in US and Canada
- Colorado notches record sports betting revenue in November
- MaximBet aims to make a splash with its first free-to-play app
- Bet365 receives temporary Colorado sports betting license
- Tipico links up with Colorado Rapids for playoff sponsorship
- Conversion Corner: Understanding how bettors bet
- Betsson reschedules US sportsbook launch for Q1 2022
- MaximBet offers NIL deal to all female collegiate athletes in Colorado
- Tipico to build US technology hub in Colorado
- Strive Gaming lands its first-ever US license
- Colorado betting handle for July surges 206% year on year
- Tipico expands sportsbook into Colorado
- Sporttrade gains Colorado market access through Momentum Sports acquisition
- Tipico engineers exclusive USA TODAY media partnership
- Conversion corner: The football season is key for player acquisition
- The month in US sports betting: Will Hard Rock bring its tech in-house?
- WynnBET strikes sports betting partnership with Colorado Rockies
- Bally’s makes Iowa sportsbook debut
- PointsBet poaches new chief people officer
- Colorado caps first year of sports betting with $6.6m in tax revenue
- Bally’s debuts first version of mobile sportsbook in Colorado
- You Wild Colorado: Reflecting on a year of legal betting in the Centennial State
- Conversion corner: Customer bonusing in key betting states
- Betsson targets player account management with $6.5m Strive Platform acquisition
- Carousel Group actively pursuing US media deals to grow market share
- Genius Sports Group lands WynnBET data deal
- Smarkets CEO: Price and product will win long race in “nutty” US betting market
- PlayUp lands New Jersey sports betting license
- 888 raises 2020 revenue forecast as US business expands into new states
- The week in launches and sponsorships (November 20, 2020)
- Australian operator completes $25m funding round to support US expansion
- Tipico to launch online sportsbook in Colorado
Is sports betting legal?
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.
Colorado Division of Gaming
17301 W. Colfax Ave.
Golden, CO 80401
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?
What are the integrity fees?
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?