Colorado lawmakers have sent a sports betting protections bill to Gov. Jared Polis. The bill would add new limits on online sportsbooks, including deposit rules, credit card restrictions and controls on mobile betting alerts.
Senate Bill 131 passed before the end of the legislative session and now awaits the governor’s decision. If signed, it would make Colorado one of the first U.S. states to limit how often a customer can deposit money into an online sports betting account in a single gaming day.
Bill limits deposits and credit card use
The bill would stop online sportsbook operators from accepting more than six deposits from one person during a 24-hour gaming day. Earlier versions of the bill used a five-deposit limit, but lawmakers changed the number during the legislative process.
The bill would also ban operators from accepting deposits made directly or indirectly with a credit card. That includes sports betting accounts funded through a credit card before a wager is placed.
Violations could carry criminal and regulatory penalties. The bill classifies certain breaches as a class 2 misdemeanor and allows the Colorado Limited Gaming Control Commission to assess penalties of up to $25,000.
Push alerts would face new limits
The bill also restricts mobile device push notifications from online sportsbooks. Operators would not be allowed to send alerts that solicit bets or deposits from Colorado account holders.
That provision targets one of the main ways sportsbooks keep customers engaged after they have opened an account. Push alerts are commonly used to promote live odds, boosts, deposits and event-based offers during major sports windows.
The proposal does not ban sports betting advertising entirely. A broader prop betting restriction was also removed from the bill earlier in the session after industry opposition and debate over tax revenue.
Colorado market remains one of the larger states
Colorado launched legal sports betting in May 2020 and has since become one of the more active online wagering markets in the U.S. Bettors placed more than $6.5 billion in wagers in 2025. The state uses sports betting tax revenue to support water projects, with money transferred from the sports betting fund to the Water Plan Implementation Cash Fund.
The bill would also require online operators to provide the Division of Gaming with annual data and metrics on their sports betting operations. The division would compile that information into a public report every three years, starting January 1, 2029.
