Colorado Sports Betting Deposit, Credit Card Rules In Effect
Colorado sportsbooks can no longer take credit card deposits for sports bets, and licensed operators are now capped at six separate deposits per customer per gaming day, under Senate Bill 26-131, which took effect on August 12, 2026.
Governor Jared Polis signed the bill, titled "Concerning Protections Against Abusive Practices In Sports Betting," on June 2, 2026, and it applies to every internet sports betting operator licensed by the Colorado Limited Gaming Control Commission.
Section 4 of the act makes it unlawful for an internet sports betting operator to accept a deposit by credit card, directly or indirectly, including through an account funded by a credit card, in connection with a sports bet. A violation is a class 2 misdemeanor, and the commission can fine an operator up to $25,000 per violation under Section 5.
Section 2 separately bars operators from accepting more than six deposits from one account holder in a single gaming day, and from sending push notifications or text messages that solicit bets or deposits.
New Limits On Marketing To Under-21s
Section 3 prohibits a sports betting operation or its marketing affiliate from targeting, or producing advertising clearly aimed at, people under 21, or from advertising on media where most of the audience is reasonably expected to be under 21.
Operators must also report data and metrics on their Colorado sports betting operations to the Division of Gaming each year, which the division will compile into a public report every three years starting January 1, 2029.
The bill passed with bipartisan sponsorship from Senator Matt Ball, a Denver Democrat, and Senator Byron Pelton, a Sterling Republican, alongside Representatives Steven Woodrow and Dan Woog.
Ball told Colorado Newsline the bill was designed to stop operators taking bets from underage users and to add "reasonable guardrails" around deposit practices.
What It Means For Bettors
Colorado bettors funding a sportsbook account should expect to rely on debit cards, bank transfers or e-wallets rather than credit cards going forward, and to see fewer promotional push notifications.
The law also lifted just as the 2026 NFL season kicked off, one of the busiest stretches of the year for new and returning sports betting activity in every state that permits it, including Colorado's sports betting market.
The commission's implementing rules and enforcement guidance are expected to follow in the coming months.
Record Tax Revenue Behind The Push
The new restrictions land after a record year for Colorado's regulated sports betting market. The Department of Revenue's Division of Gaming reported that the state collected $47,204,505.70 in sports betting tax revenue for the 2025-26 fiscal year, a 28.1% increase on the prior year and the first time annual tax collections have topped $40 million, according to its own published financial statements.
That growth is part of the backdrop lawmakers cited when pushing new deposit and marketing safeguards through the General Assembly this year. Colorado legalized sports betting through Proposition DD in 2019, and the market has been live since May 2020, taxing operator net proceeds to help fund the state's water plan.
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