In a state as cold as Colorado is, sports betting on local teams sure heats things up for interested bettors. Sports betting is an exciting market that increases fan engagement and has the potential to be quite lucrative. With the amount of local teams, Colorado residents have options with betting on their favorite teams. We know that the state is fairly progressive through their stance on the legalization of marijuana. Therefore it is no surprise that gambling is very popular in the region, with residents reflecting a strong presence among legal betting destinations.
As with any form of gambling, there are certain policies one needs to adhere to in order to remain within the legal confines of licensed sports gambling. This guide will show you how and where to place bets online in a safe and secure way, and will discuss the applicable gambling laws that govern sportsbook betting in Colorado and the rest of the United States. It is our goal that after reading this guide, you will have a clearer understanding of the legalities of sports betting in Colorado.
Is It Legal To Bet On Sports in Colorado?
Brick and mortar sports gambling business are illegal in Colorado. In 1992, the Professional and Amateur Sports Protection Act ensured that sports gambling would be illegal in all but four states. Those states are Nevada, Montana, Oregon and Delaware. The PASPA operates on a federal level, though Colorado state restrictions also prohibit US-based sports gambling. Notice how we stated US-based sports gambling? Both PASPA and Colorado state restrictions have no jurisdiction over legally licensed and operated offshore sportsbooking sites recommended in this guide.
There are two policies in place that have to do with the transfer and processing of funds accumulated through sports gambling, the Federal Wire Act and the Unlawful Internet Gambling Enforcement Act. The former deals with placing bets online and the latter deals with banks and other financial institutions processing those transactions. Just like with PASPA, these two regulations only deal with US-based sports gambling. Offshore sites like Bovada and BetOnline are free to offer their services to US customers with no penalties for them or for American bettors.
Top Online Sportsbooks Accepting Colorado Residents
Despite stringent gambling laws that curtail US based sports betting, there are a handful of legitimately licensed, regulated and compliance certified offshore destinations that legally offer their services to US residents, including those living in Colorado. We have only included the industry’s top brands in our list of recommendations, and our team has personally vetted each of them from top to bottom using an intense review process. Because of this, we can ensure that they are legally sanctioned, subject to strict regulatory oversight, and among the most committed destinations when it comes to providing highly secure betting services to their customers.
| Logo | Site Name | Bonus | Rating | USA | Visit Site |
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Betonline Sportsbook | 50% Max $2500 |  |
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Visit Site |
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Sportsbetting | 75% Max $1000 | |
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Visit Site |
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Bovada Sportsbook | 50% Max $250 | |
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Visit Site |
Popular Sports Teams to Bet On in Colorado
Colorado is a smaller state in comparison to California, Texas or Florida, so there aren’t as many professional teams to bet on. However, there is one in particular that can be considered a solid bet—the Denver Broncos.
The Broncos may not be the team they were a few years ago. Led by future Hall of Fame quarterback, Peyton Manning, the Broncos went on to be 2015 Super Bowl Champions. Manning has since retired and they lost backup QB Brian Osweiler to the Houston Texans. However, GM John Elway isn’t going to let the Broncos stay dormant for long. The Broncos still have a solid defense, led by Von Miller, and they also had a decent offensive run under surprise QB Trevor Siemian. The Broncos still have a strong running game in CJ Anderson and Justin Forsett as well as possessing star wide receiver Demaryius Thomas. The Broncos are a question mark regarding next season, but they play a favorable match-up for bettors on a week-to-week basis.
NFL Teams in CO
NBA Teams in CO
MLB Teams in CO
NHL Teams in CO
FAQ’s About Betting On Sports
How Do I Deposit Funds Into US Friendly Offshore Sportsbook Sites?
Depositing funds is a simple process and can be found by locating the banking suite in your user account dashboard. Once there, you can select your preferred method of deposit (credit/debit card, prepaid cards, money transfers or Bitcoin, for example) and select the amount you want to deposit.
Is It Difficult To Receive My Winnings From Offshore Sports Betting Sites?
Your options for receiving your winnings will vary from site to site. There are also some requirements for requesting payouts that are determined by the method you used to deposit funds into your account. If you make your deposit using your credit or debit card, then you will most likely be limited to withdrawing your money via check by courier or through a money transfer. Checks are the most popular form of withdrawal and can take up to 7-10 business days. You can also opt for money transfers through services like MoneyGram or Western Union. Bitcoin is another popular option, as long as you made your deposit using this method. There are occasionally fees associated with some withdrawal methods, so be sure to review applicable terms in the banking suite of the sportsbook at which you are betting.
Are Offshore Betting Sites Safe For Colorado Residents?
Yes. These offshore betting sites have been vetted by not only our team of experienced analysts, but also by millions of users, both amateur and professional. We only recommend sites that have worked to establish themselves as reliable and trustworthy. Most of these sites have been around for at least a decade. With the amount of users these sites have, customer satisfaction is a top priority. They all utilize advanced data encryption and participate in third party auditing of their fair gaming practices. They have also each exeeded licensing requirements in every level of their business.
What Types of Bonuses and Promotions Are Available To Colorado Residents?
These sites offer bonuses upon signing up and even offer bonuses to reward returning users. These bonuses can turn into higher payouts and contribute to becoming loyal customers. The best part is that the bonuses don’t stop coming. Think of bonuses as a way for these sites to incentivize you to keep betting with them, all the while you just keep raking in free money.
Do I Have To Pay Taxes on My Winnings From Offshore Sportsbooks?
Gambling income is almost always taxable income. Not reporting your gambling winnings is illegal and can result in prosecution. This includes winnings from gambling overseas. Tax laws vary by state, so a good idea is to check with a tax professional regarding the current requirements and proper reporting methods for gambling winnings. In most cases your winnings have to reach a specific threshold before you are required to report them. These details can change frequently, which is why it is best to check with someone who is a professional in the field.
Can I Bet On Sports In Colorado From My Mobile Phone?
Yes. Our featured sportsbooks have developed web based mobile apps that are both easy to use and secure. Your personal and financial information is just as safe through these apps as it is through their regular website. The app is able to maintain its compatibility across devices through responsive technology design, and works well with all of the primary mobile operating systems.
Are There Any Sports Teams in Colorado That Have A Shot At Winning A National Title in 2016/2017?
No. Baseball season is already over, so the Rockies missed their shot. The Nuggets are unfortunately in a stacked Western conference, leaving their chances slim. The Broncos missed the playoffs this year but are hoping to make a strong return. The Avalanche are in the hunt for a Wild Card playoff spot, but they have a long line ahead of them.