Here is Your Ultimate Guide to Online Sports Betting in Colorado
As per the 2022 reports announced by the Colorado Division of Gaming, Colorado successfully crossed $7 million wagers. The total number of wagers shows a 97.4 percent increase during the fiscal year period between July 2021 and May 2022. In comparison to the same annual period in the previous year, the wagers increased by $4, 502, 380, 838.
As such, Colorado’s online sports betting proves to be a steady market with a bright future ahead. In other words, online sports bettors in Colorado will benefit from various aspects, including lucrative promotions, competitive odds, etc.
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Is Online Sports Betting Legal in Colorado?
The Colorado state legislature initially approved the sports betting bill in 2019. Following approval of the bill, voters legalized betting as an official sport in November 2019. Several online sportsbooks are taking wagers ever since online sports betting became legal in Colorado in May 2020. Now, Colorado sports bettors can bet on sports anywhere in the state.
However, online betting legalization comes with its set of rules. Betting is legal in Colorado if bettors place bets under licensed operators and authorized sportsbooks. In simple words, offshore sportsbooks are not legal. And, you must be over 21 years of age to bet in Colorado casinos legally.
What is Offshore Sports Betting in Colorado?
Although illegal, offshore sports betting is an excellent alternative to licensed sportsbooks. How? First and foremost, bettors don’t need to comply with the strict regulations that come with licensing.
Offshore sportsbooks offer enhanced competitive odds and better bonuses to sports betting players. You will also find that these apps have various unique features like live streaming, etc.
While offshore sports betting is pretty tempting, it is always better to opt for licensed sportsbooks. That said, unlicensed, offshore bitcoin betting sites are still safe.
How to Online Sports Betting in Colorado
Here is a simple step-by-step guide on how to bet on sports online.
Register an Account
While you can use many sportsbooks on a web browser, others require downloading an app to your digital device. Simply follow the on-screen instructions to set up an account.
Verify Your Email
After filling out the registration form with your details, you will need to verify your email. Click on the verification link when you receive an email.
You must deposit funds before making a bet, which might require proving your identity. Follow the on-screen instructions and choose a payment method to make your deposit.
Place Your Bet
The platform will instruct how to open the sportsbook where you can search for sports. Click on a match you like, enter your bet value, and confirm your bet.
Frequently Asked Questions
Still looking for more info? We’ve compiled a list of FAQs – check them out!
Is Sports Betting Legal in Colorado?
Online and in-person [sports betting] has been legal in Colorado since May 2020.
What is the Legal Gambling Age in Colorado?
Sports bettors must be over 21 to gamble on live sports.