Colorado: Gambling Law
See all Insights

Colorado: Gambling Law

Co-Authors, The Legal 500, December, 2023

“‘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.

Click here to read the full article. 

Recent Insights