Colorado Expected to Award Sports Betting Licenses Next Week

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Colorado betting

Colorado is projecting May 1 as the date that legalized sports betting will be up and operational in the state. Another step toward that goal is expected to be taken next week when the state awards its first sports betting licenses.

Seven casinos are bidding for licenses to operate legal sportsbooks. They include the Monarch Casino Resort Spa and Saratoga Casino in Black Hawk and Dostal Alley in Central City. Also applying are the Double Eagle Hotel and Casino, Brass Ass Casino, J.P. McGill’s Hotel and Casino, and Midnight Rose Hotel and Casino in Cripple Creek.

Each casino’s application is being reviewed by Colorado;s Limited Gaming Control Commission. That meeting is scheduled for Thursday.

Successful applicants will be granted licenses that will permit them to open physical sports books onsite, and to also contract with sports betting companies to operate digital sportsbooks via web-based sites or mobile apps.

In November 2019, Colorado voters approved Proposition DD, which expanded legalized gambling within the state to include sports betting.

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