Sports betting in the Boulder State took a major step forward ahead of an expected May 1 launch date Thursday as the Colorado Limited Gaming Control Commission approved nine sports betting rules and granted sports betting licenses to all seven casinos being considered.
The sports betting rules approval continues a process that began last May when Colorado Gov. Jared Polis signed HB 1327 after it passed the legislature. Voters approved a statewide ballot question, Proposition DD, in November by a narrow margin in which a majority of the adjusted gross revenue raised by sports betting — taxed at 10% — would go to the state’s water fund.
All nine rules pass unanimously, three amended
Each of the nine sports betting rules that were voted upon by the commission were unanimously approved, though three — Rules 1, 6, and 8 — required amendments according to Suzi Kerrer, Communications Manager for the Colorado Department of Revenue.
Regarding Rule 1, there was a title change in Rule 1.1 while an amendment was added in Rule 1.3 regarding state and federal jurisdiction. In Rule 6, there was a technicality change to rule 6.11.1.a which now refers to rule 6.20 instead of 6.19. There was a grammatical change in the third line of 6.13 from “the” to “that” regarding patron disputes, and there was an amendment to raise the threshold of notification to the Division of Gaming in the next line from $250 to $1,250.
Rule 8.4 was stripped from the betting rules in which the Division of Gaming director “reserves the right to disapprove of the source of data for any reason, not including but not unlimited to unlicensed data providers and method of data collection.”
All seven casinos up for sports betting licenses approved
The Gaming Division approved First Master Licenses for sports betting to all seven casinos under consideration — Monarch Casino Resort Spa, Saratoga Casino Black Hawk, Dostal Alley, Double Eagle Hotel & Casino, Brass Ass Casino, J.P. McGill’s Hotel & Casino, and Midnight Rose Hotel & Casino.
That is the first wave in which the Gaming Division is expected to grant up to 33 licenses for physical and online sportsbooks. Director of the Division of Gaming Dan Hartman confirmed there is no in-person registration requirement for online sports betting, similar to what Indiana and New Jersey have in place.