[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"blog-article-colorado-sports-betting-tax-en":3,"mdc--gzwyzb-key":69},{"id":4,"slug":5,"status":6,"section":7,"category":8,"author":9,"publish_date":10,"read_time":11,"image":12,"embedded_components":13,"related_calculators":13,"related_articles":14,"title":15,"description":16,"keywords":17,"content":26,"faq":27,"availableLocales":64},"206df10d-2e7f-4005-975a-9490efc2d090","colorado-sports-betting-tax","published","betting","guides","Evgeniy Volkov","2026-03-25",18,"\u002Fimages\u002Fblog\u002Fcolorado-sports-betting-tax.webp","[]",[],"Colorado Sports Betting Tax: Rates & Calculator (2026)","Colorado sports betting tax 2026: 4.4% state + 24% federal. Prop DD rules, \\$600 W-2G threshold, deductions. Free calculator.",[18,19,20,21,22,23,24,25],"colorado sports betting tax","colorado gambling tax","colorado sports betting tax rate","colorado gambling tax calculator","colorado sports betting tax refund","colorado gambling winnings tax","colorado betting tax 2026","do you pay taxes on sports betting in colorado","# Colorado Sports Betting Tax: Complete Guide to Rates, Rules & Filing (2026)\n\nPicture this: you're at Empower Field at Mile High watching the Broncos on a crisp Sunday afternoon, and your \\$100 DraftKings parlay on three NFL games just hit — a \\$4,500 payout. The app lights up, your section goes wild, but then the thought creeps in: **how much of this does Colorado and the IRS actually take?**\n\nThe quick math: after Colorado's 4.4% state tax and federal taxes, a \\$4,500 win leaves you roughly \\$3,204–\\$3,924 depending on your federal bracket. But here's what the .gov pages won't tell you — the \\$600 reporting rule, the difference between operator and player taxes, and how Colorado's unique Water Plan Fund works.\n\nColorado voters legalized sports betting through Proposition DD in November 2019, with the first legal bets placed on May 1, 2020. Since then, DraftKings, FanDuel, BetMGM, and Caesars have all launched in the Centennial State — and every single dollar you win is taxable. This is the most complete Colorado sports betting tax guide for 2026, with a free calculator, real examples (including Black Hawk casino wins), and answers to every tax question Colorado bettors are asking.\n\n## TL;DR — Colorado Sports Betting Tax Quick Reference\n\n### Key Numbers Every Colorado Bettor Needs\n\n| Detail | Amount \u002F Rule |\n|--------|---------------|\n| **Colorado State Income Tax** | 4.4% flat rate on all gambling winnings |\n| **Federal Withholding** | 24% on net wins over \\$5,000 |\n| **Operator Tax** | 10% of net sports betting proceeds |\n| **Local\u002FCity Tax** | None — Colorado has no municipal gambling tax |\n| **W-2G Threshold (Sports)** | \\$600 at 300:1+ odds |\n| **W-2G Threshold (Slots)** | \\$1,200 |\n| **Resident Filing Form** | Colorado Form DR 0104 |\n| **Nonresident Filing Form** | Colorado Form DR 0104PN |\n| **Filing Deadline** | April 15 (matches federal) |\n| **Legal Since** | May 1, 2020 (Proposition DD) |\n| **Revenue Destination** | Water Plan Grant Fund (first \\$29M) |\n\nNow that you have the key numbers, let's break down exactly how Colorado's sports betting tax works — including the 10% operator tax, the \\$600 rule that confuses everyone, and why Colorado is the only state sending your tax dollars to fund water infrastructure.\n\n## What Is the Colorado Sports Betting Tax Rate? (2026)\n\nColorado's gambling tax structure involves two completely different taxes that people constantly confuse. Let's separate them once and for all.\n\n### The Flat 4.4% State Income Tax\n\nColorado charges a **flat 4.4% income tax** on all income — salary, investments, and gambling winnings. This rate has been steadily declining:\n\n- **Pre-2020:** 4.63%\n- **2020:** Reduced to 4.55% under Proposition 116 (voter-approved)\n- **2024:** Reduced to 4.4% under SB21-260 adjustments\n\nThe flat 4.4% applies regardless of:\n\n- Your total income level\n- The type of gambling (sports betting, casino, lottery)\n- Whether you won online or at a physical location\n- Whether you're in Denver, Colorado Springs, or rural Pueblo\n\nUnlike [Oklahoma's graduated 0.25%–4.75% brackets](\u002Fblog\u002Foklahoma-gambling-tax) or [New Jersey's progressive 1.4%–10.75% rates](\u002Fblog\u002Fnew-jersey-gambling-tax), Colorado gives you one clean number: **multiply your net winnings by 0.044.** For international context, [Spain's DGOJ-regulated market](\u002Fblog\u002Fis-gambling-legal-in-spain) uses progressive brackets from 19% to 47% — far steeper than Colorado's flat rate.\n\n### What Gets Taxed: Sports Betting, Casino, Lottery, DFS\n\nEvery form of gambling income is taxable in Colorado at the same 4.4% rate. But each game type has different W-2G reporting thresholds:\n\n| Gambling Type | State Tax Rate | W-2G Trigger | Notes |\n|---------------|:--------------:|:------------:|-------|\n| **Sports betting** | 4.4% | \\$600 at 300:1+ | DraftKings, FanDuel, BetMGM, Caesars |\n| **Casino slots** | 4.4% | \\$1,200 | Black Hawk, Central City, Cripple Creek |\n| **Table games** | 4.4% | None (exempt) | Blackjack, poker, roulette at casino towns |\n| **Poker tournaments** | 4.4% | \\$5,000 net | Casino and charity events |\n| **Keno** | 4.4% | \\$1,500 | Lottery-based keno |\n| **Colorado Lottery** | 4.4% | \\$600 | Powerball, Mega Millions, scratchers |\n| **Daily fantasy sports** | 4.4% | \\$600 | DraftKings, FanDuel (DFS contests) |\n\nColorado is unique because **casino gambling is restricted to three mountain towns** — Black Hawk, Central City, and Cripple Creek. Voters approved limited-stakes gambling in these towns back in 1990, and in 2020 removed the \\$100 maximum bet limit. Today, these casino towns offer full-scale gaming with slot wins regularly exceeding the \\$1,200 W-2G threshold.\n\n### No City or Local Gambling Taxes in Colorado\n\nUnlike [Illinois where Chicago adds its own operator taxes](\u002Fblog\u002Fillinois-sports-betting-tax), Colorado has **no city or local gambling taxes** on player winnings. Denver, Colorado Springs, Boulder, Fort Collins — zero additional tax on what you win.\n\nThis is a genuine advantage. A \\$10,000 win in Denver costs you exactly the same in state taxes as a \\$10,000 win at a Black Hawk casino or from your couch in Grand Junction. No geolocation surprises, no city surcharges.\n\n## Tax for Sports Betting Operators (10% Rule)\n\nHere's where it gets confusing — and where most Google results fail. The 10% tax rate that dominates headlines is the **operator tax**, not the player tax. Let's untangle them.\n\n### How Net Sports Betting Proceeds Are Calculated\n\nColorado's Proposition DD established a **10% tax on net sports betting proceeds** paid by operators (DraftKings, FanDuel, BetMGM, etc.), not by you directly:\n\n$$\\text{Net Proceeds} = \\text{Total Wagers} - \\text{Payouts to Winners} - \\text{Federal Excise Tax}$$\n\nIn plain English: the operator takes all the money bet, subtracts what they paid out to winners and the federal excise tax (0.25% of total wagers), and pays 10% of what's left to Colorado.\n\nFor context, [understanding how odds are set](\u002Fblog\u002Fwho-sets-the-odds-for-sports-betting) helps you see why this operator tax matters to you as a bettor.\n\n### Free Bets Deductions (HB25-1311 Changes)\n\nHB25-1311 (2025) is the most significant change to Colorado's sports betting tax since Proposition DD. The bill addresses how operators deduct **free bets and promotional credits** from their net proceeds calculation.\n\nPreviously, operators could deduct the full value of free bets and promotional offers from their taxable revenue. Under HB25-1311:\n\n- Operators face **new limits on promotional credit deductions**\n- Free bet deductions are capped as a percentage of gross revenue\n- The change aims to **increase tax revenue** without raising the 10% rate\n\nThis is the bill that appeared as the #2 Google result for \"colorado sports betting tax\" — it's a legislative document, not a tax guide. What matters for players: HB25-1311 does NOT change your personal 4.4% tax rate. It only affects how much operators pay, which could indirectly influence promotional offers.\n\n### How Operator Tax Affects Your Odds\n\nColorado's 10% operator tax rate is one of the **lowest in the nation** — and that directly benefits bettors:\n\n| State | Operator Tax Rate | Player Impact |\n|-------|:-----------------:|---------------|\n| New York | 51% | Fewest promos, widest lines |\n| Pennsylvania | 36% | Limited promotions |\n| [Illinois](\u002Fblog\u002Fillinois-sports-betting-tax) | 20–40% (progressive) | Moderate promos |\n| [New Jersey](\u002Fblog\u002Fnew-jersey-gambling-tax) | 13–19.75% | Good promo market |\n| **Colorado** | **10%** | **Best promos, tightest lines** |\n| Indiana | 9.5% | Strong promo market |\n\nColorado bettors benefit from:\n\n1. **Tighter lines** — operators can afford to keep spreads and juice competitive\n2. **More promotions** — lower tax burden means more budget for bonuses, odds boosts, and profit boosts\n3. **Full market competition** — all major operators are active and competing aggressively\n\nCompare odds across books using our [odds converter](\u002Fbetting\u002Fodds-converter) — Colorado lines are among the most competitive nationally.\n\n::chart-colorado-sports-betting-tax\n::\n\n## How Are Players Taxed on Sports Betting Winnings in Colorado?\n\nNow let's get to what actually matters for your wallet — the taxes YOU pay as a Colorado bettor.\n\n### Federal Tax: The 24% Withholding Rule\n\nFederal 24% withholding kicks in when your **net win** (winnings minus wager) exceeds \\$5,000. The sportsbook or casino withholds 24% automatically and issues a W-2G.\n\nCrucial distinction: the \\$5,000 threshold is for *withholding*, not *reporting*. You owe federal tax on ALL gambling winnings regardless of amount. The sportsbook just doesn't withhold automatically on smaller wins.\n\n### Colorado State Income Tax (4.4% Flat)\n\nUnlike the 24% federal withholding, **Colorado sportsbooks do NOT automatically withhold state tax.** You owe 4.4% at filing time on Form DR 0104.\n\nThis catches many Colorado bettors off guard. DraftKings won't deduct Colorado tax from your winnings — you must set aside 4.4% yourself and pay when you file. If you win \\$10,000 over the course of the year, that's \\$440 in Colorado state tax you need to have ready by April 15.\n\n### The \\$600 Threshold and Form W-2G\n\nThis is the #1 question Colorado bettors get wrong. Let's be crystal clear:\n\n**YES — you owe tax on ALL gambling winnings, including those under \\$600.**\n\nThe \\$600\u002F300:1 threshold is only for W-2G **form issuance** — it determines when the sportsbook sends a tax form to you and the IRS. It is NOT a tax-free threshold.\n\n#### Why Wins Under \\$600 Are Still Taxable\n\nThe IRS is explicit: gambling winnings of any amount must be reported as \"Other Income\" on Schedule 1 of Form 1040. Colorado mirrors this — all winnings flow into your Colorado taxable income on Form DR 0104.\n\nWhat happens practically:\n\n- **Win \\$500 on FanDuel** — no W-2G issued, but you owe ~\\$22 CO state tax + federal tax on that \\$500\n- **Win \\$50 on a Colorado Lottery scratcher** — still taxable income, report it\n- **Win \\$200 on a Broncos moneyline bet** — taxable, even though DraftKings doesn't issue a W-2G\n\nThe IRS relies on you to self-report these amounts. They may not catch every \\$50 win — but if you get audited, unreported gambling income is one of the first things they look for. And Colorado's Department of Revenue receives data from licensed sportsbooks about ALL payouts, not just W-2G amounts.\n\n### W-2G Thresholds by Game Type\n\n| Game Type | W-2G Threshold | 24% Federal Withholding | Colorado Notes |\n|-----------|:--------------:|:-----------------------:|----------------|\n| **Sports betting** | \\$600 at 300:1+ odds | Over \\$5,000 net | DraftKings, FanDuel, BetMGM |\n| **Casino slots** | \\$1,200 | Over \\$5,000 net | Black Hawk, Central City, Cripple Creek |\n| **Keno** | \\$1,500 | Over \\$5,000 net | Colorado Lottery Keno |\n| **Poker tournaments** | \\$5,000 net | Over \\$5,000 net | Casino poker rooms |\n| **Table games** | None (exempt) | Cash transaction reporting | Blackjack, roulette, craps |\n| **Lottery** | \\$600 | Over \\$5,000 net | Powerball, scratchers |\n\nIf you've ever had a [hand pay at a casino](\u002Fblog\u002Fhand-pay-casino), you've experienced the W-2G process — the attendant verifies your ID, fills out the form, and withholds applicable taxes. In Colorado, this most commonly happens at Black Hawk casino slot machines.\n\n#### Federal Tax Brackets for Gambling Income (2025–2026)\n\nGambling winnings are taxed as **ordinary income** on your federal return. Your bracket depends on total income:\n\n| Federal Bracket (Single Filer) | Rate |\n|--------------------------------|:----:|\n| \\$0 – \\$11,925 | 10% |\n| \\$11,926 – \\$48,475 | 12% |\n| \\$48,476 – \\$103,350 | 22% |\n| \\$103,351 – \\$197,300 | 24% |\n| \\$197,301 – \\$250,525 | 32% |\n| \\$250,526 – \\$626,350 | 35% |\n| \\$626,351+ | 37% |\n\nMost Colorado bettors earning a typical salary (\\$50K–\\$90K) fall into the 12%–22% bracket. That means the 24% withheld on large wins will result in a partial refund. For detailed federal nuances, see our guide to [gambling loss deduction rules](\u002Fblog\u002Fnew-tax-law-gambling-losses).\n\n## Tax Calculation Examples: What You Actually Keep\n\nTheory is useful, but let's run real numbers for three common Colorado gambling scenarios.\n\n### Example 1: \\$2,500 DraftKings Win (Colorado Resident)\n\n**Scenario:** Denver resident, \\$65,000 salary, wins \\$2,500 on a DraftKings NFL parlay (\\$50 bet at 50:1 odds).\n\n| Item | Amount |\n|------|-------:|\n| Gross Win | \\$2,500 |\n| W-2G Required? | No (\\$2,500 > \\$600 but odds 50:1 \u003C 300:1) |\n| Federal Withholding at App? | No (net win \\$2,450 \u003C \\$5,000) |\n| Colorado State Tax (4.4%) | \\$110.00 |\n| Federal Tax (22% bracket) | \\$550.00 |\n| **Total Tax** | **\\$660.00** |\n| **Net Payout** | **\\$1,840.00** |\n| **Effective Tax Rate** | **26.4%** |\n\nNo automatic withholding happens — you owe the \\$660 at filing time. Track it in your records because DraftKings won't send a W-2G for this win (odds below 300:1).\n\nUse our [gambling loss calculator](\u002Fcasino\u002Floss-calculator) to track losses that could offset this win.\n\n### Example 2: \\$10,000 BetMGM Win (Colorado Resident)\n\n**Scenario:** Colorado Springs resident, \\$80,000 salary, hits a \\$10,000 payout on a BetMGM same-game parlay (\\$25 bet at 400:1 odds).\n\n| Item | Amount |\n|------|-------:|\n| Gross Win | \\$10,000 |\n| W-2G Required? | Yes (\\$10,000 > \\$600 at 400:1 > 300:1) |\n| Federal Withholding (24% of \\$9,975 net) | \\$2,394.00 |\n| Colorado State Tax (4.4%) | \\$440.00 |\n| Federal Tax (24% bracket, actual) | \\$2,394.00 |\n| **Cash Received from BetMGM** | **\\$7,606.00** |\n| **Additional CO Tax at Filing** | **\\$440.00** |\n| **Total Tax (Federal + State)** | **\\$2,834.00** |\n| **Final Net** | **\\$7,166.00** |\n| **Effective Tax Rate** | **28.3%** |\n\nBetMGM withholds 24% federal automatically but does NOT withhold Colorado's 4.4%. You owe the \\$440 state tax when you file Form DR 0104. The W-2G goes to both the IRS and the Colorado Department of Revenue — they will know about this win.\n\nPlan your bankroll for sessions with our [session simulator](\u002Fcasino\u002Fsession-simulator).\n\n### Example 3: \\$15,000 Win at Black Hawk Casino (Nonresident)\n\n**Scenario:** Wyoming resident visiting Black Hawk, hits a \\$15,000 jackpot on a slot machine.\n\n| Item | Amount |\n|------|-------:|\n| Gross Win | \\$15,000 |\n| W-2G Required? | Yes (\\$15,000 > \\$1,200 for slots) |\n| Federal Withholding (24%) | \\$3,600 |\n| Colorado State Tax (4.4%) | \\$660 |\n| Wyoming State Tax | \\$0 (no income tax) |\n| Credit for CO Tax Paid | N\u002FA (no WY tax to credit against) |\n| **Cash at Casino** | **\\$11,400** |\n| **Additional CO Tax at Filing** | **\\$660** |\n| **Total Tax** | **\\$4,260** |\n| **Final Net** | **\\$10,740** |\n| **Effective Tax Rate** | **28.4%** |\n\n#### Cross-State Credit Calculation\n\nAs a Wyoming resident winning in Colorado:\n\n1. **At Black Hawk:** Federal 24% withheld automatically\n2. **File Colorado Form DR 0104PN:** Report \\$15,000 CO-sourced income, pay 4.4% (\\$660)\n3. **File Wyoming return:** Not required — Wyoming has no state income tax\n4. **Net result:** You pay Colorado's 4.4% with no home-state credit available\n\nIf you were a [Kansas resident](\u002Fblog\u002Fkentucky-sports-betting-tax) (5.7% rate), you'd pay Colorado's 4.4%, then owe only the 1.3% difference to Kansas. If you were from a state with a lower rate, you'd still owe Colorado's full 4.4% but could credit it against your home state liability.\n\n::inline-colorado-sports-betting-tax-calculator\n::\n\n## How to Report Sports Betting Winnings on Your Taxes\n\nFiling gambling taxes in Colorado requires coordinating federal and state returns. Here's the step-by-step process.\n\n### Step 1: Gather W-2G Forms and Records\n\nCollect every W-2G received during the tax year. Online operators (DraftKings, FanDuel, BetMGM) provide these in the Tax Documents section of your account. Also gather:\n\n- Win\u002Floss statements from Colorado sportsbooks and casinos\n- Online platform annual win\u002Floss statements\n- Personal gambling log (dates, platforms, amounts)\n- Colorado Lottery win records\n- Black Hawk \u002F Central City \u002F Cripple Creek casino receipts\n\n### Step 2: Complete Federal Form 1040 (Schedule 1)\n\nReport total gambling winnings on **Schedule 1, Line 8b** (Other Income). This flows to Form 1040, Line 8. If you itemize deductions, gambling losses go on **Schedule A, Line 16** (up to the amount of your winnings).\n\n### Step 3: File Colorado Form DR 0104\n\n**Colorado residents:** File Form DR 0104. Colorado starts with your federal taxable income — gambling income automatically flows through. The flat 4.4% rate applies to your entire Colorado taxable income.\n\n**Nonresidents:** File Form DR 0104PN. Report only Colorado-sourced gambling income — wins at Black Hawk casinos, Colorado sportsbooks, or from apps used while physically in Colorado.\n\n#### Deducting Gambling Losses on Colorado Taxes\n\nColorado follows federal rules for gambling loss deductions:\n\n- Losses deductible **only up to the amount of gambling winnings**\n- Must **itemize** on your return (cannot use standard deduction and claim losses)\n- Keep contemporaneous records: date, venue\u002Fplatform, game type, amounts\n- Online platform win\u002Floss statements are accepted but a personal log strengthens your position\n- Black Hawk and Cripple Creek casino losses count — save those losing receipts\n\nOur [bet tracker](\u002Fbetting\u002Fbet-tracker) helps maintain the documentation Colorado requires for loss deductions. For professional gamblers, understanding how to [make a living from sports betting](\u002Fblog\u002Fcan-you-make-a-living-off-sports-betting) includes mastering tax implications on Schedule C.\n\n## Colorado Sports Betting Tax Refund: What You Need to Know\n\n\"Colorado sports betting tax refund\" is one of the top related searches — and it's mostly about federal refunds, not state.\n\n### When You Get a Refund (24% Withheld vs Actual Bracket)\n\nThe 24% withheld is a *prepayment*, not your final rate. If your total income puts you in the 22% bracket, you'll get 2% back as a federal refund. If you're in the 12% bracket, you'll get 12% back.\n\nColorado refund scenarios are less common because sportsbooks don't automatically withhold state tax. You typically **owe** Colorado at filing time rather than getting a refund. The exception: if you made estimated tax payments that exceed your liability.\n\n### Common Refund Scenarios\n\n| Salary | Win Amount | Federal Withheld (24%) | Actual Federal Bracket | Federal Refund | CO Tax Owed |\n|--------|-----------|:---------------------:|:---------------------:|:--------------:|:----------:|\n| \\$35,000 | \\$8,000 | \\$1,920 | 12% (\\$960) | **\\$960** | \\$352 |\n| \\$55,000 | \\$6,000 | \\$1,440 | 22% (\\$1,320) | **\\$120** | \\$264 |\n| \\$95,000 | \\$12,000 | \\$2,880 | 24% (\\$2,880) | **\\$0** | \\$528 |\n| \\$150,000 | \\$20,000 | \\$4,800 | 32% (\\$6,400) | **-\\$1,600** | \\$880 |\n\nNotice the last row: if you're in the 32% bracket, the 24% withheld isn't enough. You'll owe an additional \\$1,600 in federal taxes at filing time, plus \\$880 to Colorado.\n\n## Where Does Colorado Sports Betting Tax Revenue Go?\n\nThis is Colorado's most unique angle — and something no competitor covers well.\n\n### Water Plan Grant Fund (Unique to Colorado)\n\nWhen Colorado voters approved Proposition DD, the revenue wasn't directed to a general fund or education (like most states). Instead, the **first \\$29 million in annual sports betting tax revenue** goes directly to the **Colorado Water Plan Grant Fund**.\n\nWhy water? Colorado is a headwater state facing serious drought challenges. The Colorado Water Plan, adopted in 2015, estimated \\$20 billion in water infrastructure needs through 2050. Proposition DD gave voters a direct way to fund water conservation, storage, and infrastructure projects through sports betting tax revenue.\n\nThis makes Colorado the **only state in the nation** that uses sports betting taxes specifically for water infrastructure. Revenue above the \\$29 million cap flows to other state programs and local governments.\n\n### Revenue Data by Year\n\nColorado's sports betting market has grown rapidly since launch:\n\n| Year | Total Handle (Wagered) | Gross Gaming Revenue | Tax Collected (10%) | Notes |\n|------|:---------------------:|:-------------------:|:------------------:|-------|\n| **2020** | \\$2.3B | \\$127M | \\$12.7M | Partial year (May–Dec) |\n| **2021** | \\$4.5B | \\$311M | \\$31.1M | First full year |\n| **2022** | \\$5.8B | \\$362M | \\$36.2M | Post-COVID growth |\n| **2023** | \\$7.1B | \\$410M | \\$41.0M | Market maturity |\n| **2024** | \\$8.4B | \\$478M | \\$47.8M | Record year |\n| **2025** | \\$9.2B (est.) | \\$520M (est.) | \\$52.0M (est.) | Continued growth |\n\n#### Why Colorado's Revenue Model Is Unique\n\nMost states direct gambling tax revenue to general funds or education. Colorado's voter-approved approach creates a direct link between sports betting and environmental infrastructure. For bettors, this means your tax dollars are funding tangible water projects — reservoir expansions, river restoration, and municipal water system upgrades across the state.\n\nFor perspective on how different states approach [gambling legalization](\u002Fblog\u002Fmaine-online-gambling), Colorado's ballot-measure model has become a template for other states considering voter-approved gambling. Meanwhile, neighboring [Idaho still bans sports betting under a constitutional prohibition](\u002Fblog\u002Fis-gambling-legal-in-idaho) — many Idaho residents cross into Colorado or Nevada to place legal wagers.\n\n## Colorado vs Other States: Tax Rate Comparison\n\n### State-by-State Betting Tax Comparison Table\n\n| State | Player Tax Rate | Operator Tax | Key Difference |\n|-------|:--------------:|:------------:|----------------|\n| **Colorado** | **4.4% flat** | **10%** | **Low operator tax = best promos** |\n| Wyoming | 0% (no income tax) | N\u002FA | No legal sports betting |\n| Nevada | 0% (no income tax) | 6.75% | Tax haven for gamblers |\n| Arizona | 2.5% flat | 8–10% | Lower player rate |\n| [Kansas](\u002Fblog\u002Fkentucky-sports-betting-tax) | 5.7% flat | 10% | Higher player tax, same operator |\n| [Illinois](\u002Fblog\u002Fillinois-sports-betting-tax) | 4.95% flat | 20–40% | Higher both rates |\n| [New Jersey](\u002Fblog\u002Fnew-jersey-gambling-tax) | 1.4%–10.75% | 13–19.75% | Progressive brackets |\n| [Oklahoma](\u002Fblog\u002Foklahoma-gambling-tax) | 0.25%–4.75% | Tribal compact — [sports betting not yet legal](\u002Fblog\u002Foklahoma-sports-betting) | Graduated brackets |\n| West Virginia | 6.5% flat | 10% | Highest flat rate in region |\n\nColorado's 4.4% flat rate puts it squarely in the middle of the pack. The real advantage is the **10% operator tax** — one of the lowest nationally. This means Colorado sportsbooks can afford to offer better lines, more generous promotions, and competitive odds. States with 30%+ operator taxes (New York at 51%, Pennsylvania at 36%) see fewer promotions and wider spreads. States still working toward legalization face different challenges — [Georgia's constitutional amendment hurdle](\u002Fblog\u002Fgeorgia-sports-betting) has blocked sports betting despite majority public support since 2018. Meanwhile, [Missouri used the ballot initiative route](\u002Fblog\u002Fmissouri-sports-betting-news) (Amendment 2) to bypass its own legislative gridlock, launching in December 2024 with the same 10% operator tax as Colorado.\n\n### SB26-131: Advertising Restrictions (2026)\n\nIn March 2026, Senate Bill 26-131 narrowly advanced through committee. The bill proposes:\n\n- **Restrictions on prop bet advertising** to reduce problem gambling concerns\n- **Limits on sports betting advertisements** targeting minors\n- **New responsible gambling requirements** for operators\n\nIf passed, SB26-131 would NOT change tax rates but could reduce the volume of promotional offers available to Colorado bettors. The bill passed on a narrow vote, and its final form may change significantly. Whether sports betting [is rigged](\u002Fblog\u002Fis-sports-betting-rigged) or fair is a separate question — but regulation like SB26-131 aims to address the marketing side of the industry.\n\n## Penalties for Not Reporting Colorado Gambling Income\n\nThe Colorado Department of Revenue takes unreported gambling income seriously — they receive copies of every W-2G issued at Colorado casinos, sportsbooks, and online platforms.\n\n### Colorado Department of Revenue Penalty Table\n\n| Violation | Penalty | Additional |\n|-----------|---------|------------|\n| **Late filing** | 5% per month of tax due (max 25%) | Plus interest |\n| **Late payment** | 0.5% per month of tax due (max 25%) | Plus interest |\n| **Failure to file after 60 days** | Minimum \\$50 or 100% of tax due | Whichever is less |\n| **Negligence\u002FSubstantial understatement** | 20% of underpaid tax | Per Department audit |\n| **Civil fraud** | 75% of underpaid tax | Most severe penalty |\n| **Interest rate (2026)** | Federal rate + 3% | Compounded daily |\n\n### The 3 Most Expensive Colorado Tax Mistakes\n\n**Mistake 1: Thinking wins under \\$600 are tax-free.** The \\$600\u002F300:1 W-2G threshold is just a reporting trigger. You owe 4.4% Colorado tax + federal tax on EVERY dollar of gambling winnings — including that \\$300 Broncos moneyline payout that didn't generate a W-2G.\n\n**Mistake 2: Confusing the 10% operator tax with your personal tax.** The 10% rate from Proposition DD is what DraftKings and FanDuel pay — not you. Your rate is 4.4% state + your federal bracket. Don't confuse headlines about \"Colorado's 10% sports betting tax\" with your personal tax liability.\n\n**Mistake 3: Ignoring cross-platform totals.** If you bet on FanDuel, DraftKings, BetMGM, and Caesars — each platform tracks independently. You might have \\$1,500 in wins on each (below W-2G threshold per platform) but owe tax on the combined \\$6,000. Track everything with a [bet tracking tool](\u002Fbetting\u002Fbet-tracker).\n\nCheck [house edge data](\u002Fcasino\u002Fhouse-edge-calculator) to understand your expected costs before wagering at Colorado casinos or sportsbooks.\n\n## People Also Ask",[28,31,34,37,40,43,46,49,52,55,58,61],{"answer":29,"question":30},"Yes. All sports betting winnings are taxable income in Colorado. You owe 4.4% Colorado state income tax plus federal tax (10-37% depending on your bracket). The sportsbook withholds 24% federal on net wins over $5,000 and issues a W-2G form.","Do you have to pay taxes on sports betting in Colorado?",{"answer":32,"question":33},"Colorado charges a flat 4.4% state income tax on all gambling winnings, including sports betting. This rate was reduced from 4.55% in 2024 under Proposition 116. Federal tax (10-37%) applies on top. The combined effective rate on a $10,000 win is typically 26-28%.","What is the Colorado sports betting tax rate?",{"answer":35,"question":36},"Yes. The $600 threshold only triggers a W-2G reporting form — it's not a tax-free limit. ALL gambling winnings are taxable regardless of amount. You must self-report wins under $600 on your federal and Colorado state tax returns.","Do I get taxed if I made less than $600 on a gambling site?",{"answer":38,"question":39},"Yes. The $600\u002F300:1 threshold is for W-2G form issuance, not for tax liability. Even a $50 win is taxable income. Colorado and the IRS require you to report every dollar of gambling winnings on your return, regardless of whether you receive a W-2G.","Do you have to pay taxes on sports betting under $600?",{"answer":41,"question":42},"The 6.5% is NOT related to gambling — it refers to Colorado's state and local sales tax rate on goods and services. Gambling winnings are taxed as income at the flat 4.4% Colorado income tax rate. These are completely separate tax systems.","What is the 6.5% tax in Colorado?",{"answer":44,"question":45},"If 24% federal tax was withheld from a large win but your actual federal bracket is lower (e.g., 12% or 22%), you'll get the difference back as a refund when you file your federal return (Form 1040). Colorado does not automatically withhold state tax, so state refunds on gambling are rare.","How do I get a Colorado sports betting tax refund?",{"answer":47,"question":48},"Yes. Colorado follows federal rules: you can deduct gambling losses up to the amount of your winnings if you itemize deductions. Keep detailed records of all bets with dates, amounts, and platforms. You cannot deduct more than your total winnings.","Can I deduct gambling losses on my Colorado tax return?",{"answer":50,"question":51},"Yes. Colorado taxes all gambling winnings earned within the state regardless of residency. Nonresidents file Form DR 0104PN. You can claim a credit in your home state for taxes paid to Colorado to avoid double taxation.","Do nonresidents pay Colorado tax on gambling winnings?",{"answer":53,"question":54},"Proposition DD was the November 2019 ballot measure that legalized sports betting in Colorado, effective May 2020. It established a 10% tax on net sports betting proceeds (operator tax) with revenue directed to the Colorado Water Plan Grant Fund. Colorado is one of few states where voters — not the legislature — approved sports betting.","What is Proposition DD and how does it affect Colorado sports betting?",{"answer":56,"question":57},"The first $29 million in annual sports betting tax revenue goes to the Colorado Water Plan Grant Fund for water infrastructure projects. Revenue above that cap goes to the general fund and local governments. Colorado is the only state that uses sports betting taxes for water conservation.","Where does Colorado sports betting tax revenue go?",{"answer":59,"question":60},"Colorado's 4.4% flat rate is moderate nationally. It's higher than Arizona (2.5%) and states with no income tax (Wyoming, Nevada, Tennessee) but lower than Illinois (4.95%), Kansas (5.7%), and West Virginia (6.5%). Federal tax is the same everywhere.","How does Colorado sports betting tax compare to other states?",{"answer":62,"question":63},"The Colorado Department of Revenue receives copies of all W-2G forms. Penalties include 5% per month late filing penalty (max 25%), plus a 0.5% per month late payment penalty, plus interest at the statutory rate. Fraud penalties can reach 75% of underpaid tax.","What happens if I don't report gambling winnings in Colorado?",[65,66,67,68],"de","tr","en","ru",{"data":70,"body":71},{},{"type":72,"children":73},"root",[74,83,95,100,105,111,118,321,326,332,337,343,355,390,395,418,455,461,466,673,685,691,710,715,721,733,739,751,945,950,963,969,981,986,1016,1021,1027,1039,1189,1194,1228,1241,1245,1251,1256,1262,1274,1294,1300,1312,1317,1323,1328,1336,1348,1355,1360,1365,1398,1403,1409,1581,1594,1600,1612,1724,1737,1743,1748,1754,1764,1909,1914,1927,1933,1942,2116,2121,2133,2139,2148,2333,2339,2344,2387,2400,2404,2410,2415,2421,2426,2454,2460,2479,2485,2495,2505,2511,2516,2556,2577,2583,2588,2594,2606,2618,2624,2810,2815,2821,2826,2832,2850,2855,2867,2873,2878,3100,3106,3111,3132,3138,3144,3403,3431,3437,3442,3475,3488,3494,3499,3505,3657,3663,3673,3683,3699,3712],{"type":75,"tag":76,"props":77,"children":79},"element","h2",{"id":78},"colorado-sports-betting-tax-complete-guide-to-rates-rules-filing-2026",[80],{"type":81,"value":82},"text","Colorado Sports Betting Tax: Complete Guide to Rates, Rules & Filing (2026)",{"type":75,"tag":84,"props":85,"children":86},"p",{},[87,89],{"type":81,"value":88},"Picture this: you're at Empower Field at Mile High watching the Broncos on a crisp Sunday afternoon, and your $100 DraftKings parlay on three NFL games just hit — a $4,500 payout. The app lights up, your section goes wild, but then the thought creeps in: ",{"type":75,"tag":90,"props":91,"children":92},"strong",{},[93],{"type":81,"value":94},"how much of this does Colorado and the IRS actually take?",{"type":75,"tag":84,"props":96,"children":97},{},[98],{"type":81,"value":99},"The quick math: after Colorado's 4.4% state tax and federal taxes, a $4,500 win leaves you roughly $3,204–$3,924 depending on your federal bracket. But here's what the .gov pages won't tell you — the $600 reporting rule, the difference between operator and player taxes, and how Colorado's unique Water Plan Fund works.",{"type":75,"tag":84,"props":101,"children":102},{},[103],{"type":81,"value":104},"Colorado voters legalized sports betting through Proposition DD in November 2019, with the first legal bets placed on May 1, 2020. Since then, DraftKings, FanDuel, BetMGM, and Caesars have all launched in the Centennial State — and every single dollar you win is taxable. This is the most complete Colorado sports betting tax guide for 2026, with a free calculator, real examples (including Black Hawk casino wins), and answers to every tax question Colorado bettors are asking.",{"type":75,"tag":76,"props":106,"children":108},{"id":107},"tldr-colorado-sports-betting-tax-quick-reference",[109],{"type":81,"value":110},"TL;DR — Colorado Sports Betting Tax Quick Reference",{"type":75,"tag":112,"props":113,"children":115},"h3",{"id":114},"key-numbers-every-colorado-bettor-needs",[116],{"type":81,"value":117},"Key Numbers Every Colorado Bettor Needs",{"type":75,"tag":119,"props":120,"children":121},"table",{},[122,140],{"type":75,"tag":123,"props":124,"children":125},"thead",{},[126],{"type":75,"tag":66,"props":127,"children":128},{},[129,135],{"type":75,"tag":130,"props":131,"children":132},"th",{},[133],{"type":81,"value":134},"Detail",{"type":75,"tag":130,"props":136,"children":137},{},[138],{"type":81,"value":139},"Amount \u002F Rule",{"type":75,"tag":141,"props":142,"children":143},"tbody",{},[144,161,177,193,209,225,241,257,273,289,305],{"type":75,"tag":66,"props":145,"children":146},{},[147,156],{"type":75,"tag":148,"props":149,"children":150},"td",{},[151],{"type":75,"tag":90,"props":152,"children":153},{},[154],{"type":81,"value":155},"Colorado State Income Tax",{"type":75,"tag":148,"props":157,"children":158},{},[159],{"type":81,"value":160},"4.4% flat rate on all gambling winnings",{"type":75,"tag":66,"props":162,"children":163},{},[164,172],{"type":75,"tag":148,"props":165,"children":166},{},[167],{"type":75,"tag":90,"props":168,"children":169},{},[170],{"type":81,"value":171},"Federal Withholding",{"type":75,"tag":148,"props":173,"children":174},{},[175],{"type":81,"value":176},"24% on net wins over 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(Sports)",{"type":75,"tag":148,"props":221,"children":222},{},[223],{"type":81,"value":224},"$600 at 300:1+ odds",{"type":75,"tag":66,"props":226,"children":227},{},[228,236],{"type":75,"tag":148,"props":229,"children":230},{},[231],{"type":75,"tag":90,"props":232,"children":233},{},[234],{"type":81,"value":235},"W-2G Threshold (Slots)",{"type":75,"tag":148,"props":237,"children":238},{},[239],{"type":81,"value":240},"$1,200",{"type":75,"tag":66,"props":242,"children":243},{},[244,252],{"type":75,"tag":148,"props":245,"children":246},{},[247],{"type":75,"tag":90,"props":248,"children":249},{},[250],{"type":81,"value":251},"Resident Filing Form",{"type":75,"tag":148,"props":253,"children":254},{},[255],{"type":81,"value":256},"Colorado Form DR 0104",{"type":75,"tag":66,"props":258,"children":259},{},[260,268],{"type":75,"tag":148,"props":261,"children":262},{},[263],{"type":75,"tag":90,"props":264,"children":265},{},[266],{"type":81,"value":267},"Nonresident Filing Form",{"type":75,"tag":148,"props":269,"children":270},{},[271],{"type":81,"value":272},"Colorado Form DR 0104PN",{"type":75,"tag":66,"props":274,"children":275},{},[276,284],{"type":75,"tag":148,"props":277,"children":278},{},[279],{"type":75,"tag":90,"props":280,"children":281},{},[282],{"type":81,"value":283},"Filing Deadline",{"type":75,"tag":148,"props":285,"children":286},{},[287],{"type":81,"value":288},"April 15 (matches federal)",{"type":75,"tag":66,"props":290,"children":291},{},[292,300],{"type":75,"tag":148,"props":293,"children":294},{},[295],{"type":75,"tag":90,"props":296,"children":297},{},[298],{"type":81,"value":299},"Legal Since",{"type":75,"tag":148,"props":301,"children":302},{},[303],{"type":81,"value":304},"May 1, 2020 (Proposition DD)",{"type":75,"tag":66,"props":306,"children":307},{},[308,316],{"type":75,"tag":148,"props":309,"children":310},{},[311],{"type":75,"tag":90,"props":312,"children":313},{},[314],{"type":81,"value":315},"Revenue Destination",{"type":75,"tag":148,"props":317,"children":318},{},[319],{"type":81,"value":320},"Water Plan Grant Fund (first $29M)",{"type":75,"tag":84,"props":322,"children":323},{},[324],{"type":81,"value":325},"Now that you have the key numbers, let's break down exactly how Colorado's sports betting tax works — including the 10% operator tax, the $600 rule that confuses everyone, and why Colorado is the only state sending your tax dollars to fund water infrastructure.",{"type":75,"tag":76,"props":327,"children":329},{"id":328},"what-is-the-colorado-sports-betting-tax-rate-2026",[330],{"type":81,"value":331},"What Is the Colorado Sports Betting Tax Rate? (2026)",{"type":75,"tag":84,"props":333,"children":334},{},[335],{"type":81,"value":336},"Colorado's gambling tax structure involves two completely different taxes that people constantly confuse. Let's separate them once and for all.",{"type":75,"tag":112,"props":338,"children":340},{"id":339},"the-flat-44-state-income-tax",[341],{"type":81,"value":342},"The Flat 4.4% State Income Tax",{"type":75,"tag":84,"props":344,"children":345},{},[346,348,353],{"type":81,"value":347},"Colorado charges a ",{"type":75,"tag":90,"props":349,"children":350},{},[351],{"type":81,"value":352},"flat 4.4% income tax",{"type":81,"value":354}," on all income — salary, investments, and gambling winnings. This rate has been steadily declining:",{"type":75,"tag":356,"props":357,"children":358},"ul",{},[359,370,380],{"type":75,"tag":360,"props":361,"children":362},"li",{},[363,368],{"type":75,"tag":90,"props":364,"children":365},{},[366],{"type":81,"value":367},"Pre-2020:",{"type":81,"value":369}," 4.63%",{"type":75,"tag":360,"props":371,"children":372},{},[373,378],{"type":75,"tag":90,"props":374,"children":375},{},[376],{"type":81,"value":377},"2020:",{"type":81,"value":379}," Reduced to 4.55% under Proposition 116 (voter-approved)",{"type":75,"tag":360,"props":381,"children":382},{},[383,388],{"type":75,"tag":90,"props":384,"children":385},{},[386],{"type":81,"value":387},"2024:",{"type":81,"value":389}," Reduced to 4.4% under SB21-260 adjustments",{"type":75,"tag":84,"props":391,"children":392},{},[393],{"type":81,"value":394},"The flat 4.4% applies regardless of:",{"type":75,"tag":356,"props":396,"children":397},{},[398,403,408,413],{"type":75,"tag":360,"props":399,"children":400},{},[401],{"type":81,"value":402},"Your total income level",{"type":75,"tag":360,"props":404,"children":405},{},[406],{"type":81,"value":407},"The type of gambling (sports betting, casino, lottery)",{"type":75,"tag":360,"props":409,"children":410},{},[411],{"type":81,"value":412},"Whether you won online or at a physical location",{"type":75,"tag":360,"props":414,"children":415},{},[416],{"type":81,"value":417},"Whether you're in Denver, Colorado Springs, or rural Pueblo",{"type":75,"tag":84,"props":419,"children":420},{},[421,423,430,432,438,440,445,447,453],{"type":81,"value":422},"Unlike ",{"type":75,"tag":424,"props":425,"children":427},"a",{"href":426},"\u002Fblog\u002Foklahoma-gambling-tax",[428],{"type":81,"value":429},"Oklahoma's graduated 0.25%–4.75% brackets",{"type":81,"value":431}," or ",{"type":75,"tag":424,"props":433,"children":435},{"href":434},"\u002Fblog\u002Fnew-jersey-gambling-tax",[436],{"type":81,"value":437},"New Jersey's progressive 1.4%–10.75% rates",{"type":81,"value":439},", Colorado gives you one clean number: ",{"type":75,"tag":90,"props":441,"children":442},{},[443],{"type":81,"value":444},"multiply your net winnings by 0.044.",{"type":81,"value":446}," For international context, ",{"type":75,"tag":424,"props":448,"children":450},{"href":449},"\u002Fblog\u002Fis-gambling-legal-in-spain",[451],{"type":81,"value":452},"Spain's DGOJ-regulated market",{"type":81,"value":454}," uses progressive brackets from 19% to 47% — far steeper than Colorado's flat rate.",{"type":75,"tag":112,"props":456,"children":458},{"id":457},"what-gets-taxed-sports-betting-casino-lottery-dfs",[459],{"type":81,"value":460},"What Gets Taxed: Sports Betting, Casino, Lottery, DFS",{"type":75,"tag":84,"props":462,"children":463},{},[464],{"type":81,"value":465},"Every form of gambling income is taxable in Colorado at the same 4.4% rate. But each game type has different W-2G reporting thresholds:",{"type":75,"tag":119,"props":467,"children":468},{},[469,496],{"type":75,"tag":123,"props":470,"children":471},{},[472],{"type":75,"tag":66,"props":473,"children":474},{},[475,480,486,491],{"type":75,"tag":130,"props":476,"children":477},{},[478],{"type":81,"value":479},"Gambling Type",{"type":75,"tag":130,"props":481,"children":483},{"align":482},"center",[484],{"type":81,"value":485},"State Tax Rate",{"type":75,"tag":130,"props":487,"children":488},{"align":482},[489],{"type":81,"value":490},"W-2G Trigger",{"type":75,"tag":130,"props":492,"children":493},{},[494],{"type":81,"value":495},"Notes",{"type":75,"tag":141,"props":497,"children":498},{},[499,525,549,574,599,624,649],{"type":75,"tag":66,"props":500,"children":501},{},[502,510,515,520],{"type":75,"tag":148,"props":503,"children":504},{},[505],{"type":75,"tag":90,"props":506,"children":507},{},[508],{"type":81,"value":509},"Sports betting",{"type":75,"tag":148,"props":511,"children":512},{"align":482},[513],{"type":81,"value":514},"4.4%",{"type":75,"tag":148,"props":516,"children":517},{"align":482},[518],{"type":81,"value":519},"$600 at 300:1+",{"type":75,"tag":148,"props":521,"children":522},{},[523],{"type":81,"value":524},"DraftKings, FanDuel, BetMGM, Caesars",{"type":75,"tag":66,"props":526,"children":527},{},[528,536,540,544],{"type":75,"tag":148,"props":529,"children":530},{},[531],{"type":75,"tag":90,"props":532,"children":533},{},[534],{"type":81,"value":535},"Casino slots",{"type":75,"tag":148,"props":537,"children":538},{"align":482},[539],{"type":81,"value":514},{"type":75,"tag":148,"props":541,"children":542},{"align":482},[543],{"type":81,"value":240},{"type":75,"tag":148,"props":545,"children":546},{},[547],{"type":81,"value":548},"Black Hawk, Central City, Cripple Creek",{"type":75,"tag":66,"props":550,"children":551},{},[552,560,564,569],{"type":75,"tag":148,"props":553,"children":554},{},[555],{"type":75,"tag":90,"props":556,"children":557},{},[558],{"type":81,"value":559},"Table games",{"type":75,"tag":148,"props":561,"children":562},{"align":482},[563],{"type":81,"value":514},{"type":75,"tag":148,"props":565,"children":566},{"align":482},[567],{"type":81,"value":568},"None (exempt)",{"type":75,"tag":148,"props":570,"children":571},{},[572],{"type":81,"value":573},"Blackjack, poker, roulette at casino towns",{"type":75,"tag":66,"props":575,"children":576},{},[577,585,589,594],{"type":75,"tag":148,"props":578,"children":579},{},[580],{"type":75,"tag":90,"props":581,"children":582},{},[583],{"type":81,"value":584},"Poker tournaments",{"type":75,"tag":148,"props":586,"children":587},{"align":482},[588],{"type":81,"value":514},{"type":75,"tag":148,"props":590,"children":591},{"align":482},[592],{"type":81,"value":593},"$5,000 net",{"type":75,"tag":148,"props":595,"children":596},{},[597],{"type":81,"value":598},"Casino and charity events",{"type":75,"tag":66,"props":600,"children":601},{},[602,610,614,619],{"type":75,"tag":148,"props":603,"children":604},{},[605],{"type":75,"tag":90,"props":606,"children":607},{},[608],{"type":81,"value":609},"Keno",{"type":75,"tag":148,"props":611,"children":612},{"align":482},[613],{"type":81,"value":514},{"type":75,"tag":148,"props":615,"children":616},{"align":482},[617],{"type":81,"value":618},"$1,500",{"type":75,"tag":148,"props":620,"children":621},{},[622],{"type":81,"value":623},"Lottery-based keno",{"type":75,"tag":66,"props":625,"children":626},{},[627,635,639,644],{"type":75,"tag":148,"props":628,"children":629},{},[630],{"type":75,"tag":90,"props":631,"children":632},{},[633],{"type":81,"value":634},"Colorado Lottery",{"type":75,"tag":148,"props":636,"children":637},{"align":482},[638],{"type":81,"value":514},{"type":75,"tag":148,"props":640,"children":641},{"align":482},[642],{"type":81,"value":643},"$600",{"type":75,"tag":148,"props":645,"children":646},{},[647],{"type":81,"value":648},"Powerball, Mega Millions, scratchers",{"type":75,"tag":66,"props":650,"children":651},{},[652,660,664,668],{"type":75,"tag":148,"props":653,"children":654},{},[655],{"type":75,"tag":90,"props":656,"children":657},{},[658],{"type":81,"value":659},"Daily fantasy sports",{"type":75,"tag":148,"props":661,"children":662},{"align":482},[663],{"type":81,"value":514},{"type":75,"tag":148,"props":665,"children":666},{"align":482},[667],{"type":81,"value":643},{"type":75,"tag":148,"props":669,"children":670},{},[671],{"type":81,"value":672},"DraftKings, FanDuel (DFS contests)",{"type":75,"tag":84,"props":674,"children":675},{},[676,678,683],{"type":81,"value":677},"Colorado is unique because ",{"type":75,"tag":90,"props":679,"children":680},{},[681],{"type":81,"value":682},"casino gambling is restricted to three mountain towns",{"type":81,"value":684}," — Black Hawk, Central City, and Cripple Creek. Voters approved limited-stakes gambling in these towns back in 1990, and in 2020 removed the $100 maximum bet limit. Today, these casino towns offer full-scale gaming with slot wins regularly exceeding the $1,200 W-2G threshold.",{"type":75,"tag":112,"props":686,"children":688},{"id":687},"no-city-or-local-gambling-taxes-in-colorado",[689],{"type":81,"value":690},"No City or Local Gambling Taxes in Colorado",{"type":75,"tag":84,"props":692,"children":693},{},[694,695,701,703,708],{"type":81,"value":422},{"type":75,"tag":424,"props":696,"children":698},{"href":697},"\u002Fblog\u002Fillinois-sports-betting-tax",[699],{"type":81,"value":700},"Illinois where Chicago adds its own operator taxes",{"type":81,"value":702},", Colorado has ",{"type":75,"tag":90,"props":704,"children":705},{},[706],{"type":81,"value":707},"no city or local gambling taxes",{"type":81,"value":709}," on player winnings. 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