When looking for sports betting in Colorado, you may find a lot of legal betting in Colorado. The State Legislature approved measures to bring legal Colorado sports betting sites in early June 2019. As of May 1st, 2020, legal Colorado sportsbooks are up and running. There is more in addition to Colorado sports betting sites. The US sportsbook industry that already served state bettors is still available.
You can read more about sports betting in Colorado on this page. We will cover how to approach legal betting in Colorado safely. Laws and locations. A few betting tips. As well as some online betting USA legal stuff.
Top Colorado Offshore Betting Websites
- MyBookie – Best Sportsbook for Colorado Residents
- CashBet – New Sportsbook for Colorado Bettors
- BetOnline – Top Bonuses for Colorado Players
- GTBets – Reputable Sportsbook for CO Citizens
- XBet – Top Wagering Experience for CO Bettors
Is it Legal Betting on Sports in Colorado?
Federal law no longer bars Colorado sports betting sites within its borders. Colorado legislators have been able to agree they wanted legal Colorado sportsbooks. As of May 1st, 2020, legal Colorado sports betting sites are out and about. Simultaneously, a number of online bookmakers, operating from remote offshore locations, accept Colorado bettors. It is not illegal for Colorado bettors to place wagers at a sportsbook in the USA. Federal and state laws target domestic unlicensed operators. But they have no effect on overseas-based sportsbooks for US players.
Will Coloradoans Get into Trouble for Placing Bets Online?
State residents will not get into trouble for doing sports betting in Colorado at offshore bookmakers. No state or federal law restricts this. You may come across a federal law called UIGEA. This law may make depositing into your account more difficult than it should be. This law says that no bank shall process a transaction in association with sports betting sites USA.
Using a deposit method that is not your credit card or calling the cashier of the site will solve this problem. Remember this law targets businesses, not bettors. So fear not when trying to fund your account for legal betting in Colorado. Provided the site is offshore, you are good to go. Any Colorado sports betting sites not licensed by the state are not legal Colorado sportsbooks. Play it safe with offshore accounts, which are tantamount to legal Colorado sports betting sites.
Colorado Sports Gambling Laws
The state has legally sanctioned sports betting. It is active as of May 1st, 2020. This is great news for the Colorado population. It is also great news for the sports gambling community. The international online sportsbooks that catered to Coloradans before are still available. In some cases, they are even preferable. There remains one federal law important to note.
That is the Wire Act. This act applies to sports gambling in the state. It generally does not apply to international betting sites. Under this act, the sportsbook will not be able to accept your bet if you are not in the casino. Or within state lines. This is why a Colorado resident cannot call up a Nevada sportsbook and place a wager. Again, this doesn’t apply to international sportsbooks. They are outside the US and not susceptible to this law.
Are Online Sportsbooks That Accept Colorado Residents Regulated?
In a word, yes. Sportsbooks accepting Colorado residents are indeed regulated. Whether state-sanctioned online sportsbooks or offshore sportsbooks, they all are. Many people assume, since Colorado doesn’t regulate online sportsbooks, that they can’t use them. This is rather far from the truth. Regulatory bodies in their home countries issue online bookies licenses and that makes them legal.
Generally, using them comes down to how state laws are written. Most state laws do not target users of online books. They are part of prestigious companies that have been in business for years. They will not risk their hard-earned customer goodwill with scams or unethical conduct.
Teams Colorado Residents Like To Wager On
Colorado has five pro sports teams. Denver Broncos, Denver Nuggets, Colorado Avalanche, Colorado Rockies, and Colorado Rapids. One of the best college football teams in Colorado is the Buffaloes of the University of Colorado.
Furthermore, tourists go to Colorado for skiing. Anytime the Winter Olympics take place, Colorado residents like to bet on alpine and slopes-based sports. Of the aforementioned teams, the Denver Broncos get most of the action in Colorado.
Remember that you are not required to wager only on teams from Colorado. The betting websites we list take action on all major American sports. And also on thousands of other lines of events. Such as tennis, rugby, cricket, water polo, and darts. This means you can lay a wager on teams and events from all over the world. At these online sportsbooks, there is no dearth of betting chances.