Colorado Betting Sites
- Payout Speed
- Payment Options
- No. Of Sports
- 24/7 Support
- Accepting US players
Is online betting legal in Colorado?
Yes, online betting is legal in Colorado. Legal online sportsbooks launched in Colorado on May 1, 2020. Bettors can also wager in person at various retail sportsbooks.
Do I have to pay taxes on gambling winnings in Colorado?
Yes, gambling winnings are taxed at a flat rate of 4.4% in Colorado. Additionally, between 10% and 37% federal tax applies. How much you pay to the IRS depends on your circumstances and allowable deductions.
Are online casinos available in Colorado?
No, online casinos are illegal in Colorado, except for sweeps casinos. However, the state does offer land-based casinos such as Saratoga Casino and Monarch Casino Black Hawk.