By Staff at Community News | Community News
Colorado online sportsbooks must stop accepting credit card deposits and hold each customer to no more than six separate deposits per gaming day from Wednesday, Aug. 12, under a law signed by Gov. Jared Polis on June 2.
The measure, Senate Bill 26-131, is one of the more prescriptive payment-side interventions any US state has imposed on licensed mobile sportsbooks. It does not cap how much money a bettor may move into an account; it caps how many times they may do it within a 24-hour window, alongside a package of marketing restrictions that reaches into push notifications and advertising aimed at people under 21.
What the Colorado sports betting deposit limits actually do
SB 26-131 limits online sportsbook customers to six separate deposits during a single “gaming day,” which the law defines as a continuous 24-hour period set by each sportsbook for the purpose of recording and reporting betting activity. Because each operator establishes its own gaming day, the reset point will not be uniform across apps.
There is no dollar ceiling attached. A bettor who funds an account once with a large sum is unaffected; the rule bites on repeated top-ups, the pattern most closely associated with chasing losses.
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