“‘Gambling’ means risking any money, credit, deposit, or other thing of value for gain contingent in whole or in part upon lot, chance, the operation of a gambling device, or the happening or outcome of an event, including a sporting event, over which the person taking the risk has no control.” C.R.S. § 18-10-102(2).
Gambling or aiding or inducing another to engage in gambling, with the intent to derive a profit therefrom, is generally a crime in Colorado, but there are exceptions including: (1) a bona fide contests of skill, speed, strength, or endurance in which awards are made only to entrants or the owners of entries; (2) any game, wager, or transaction that is incidental to a bona fide social relationship, is participated in by natural persons only, and in which no person is participating, directly or indirectly, in professional gambling; (3) the Colorado lottery; (4) certain bingo games, raffles and charitable games; (5) licensed casino gaming in accordance with law; and (6) licensed in-person or online/mobile sports betting in accordance with law. These answers will focus on licensed casino gaming and sports betting.
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