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| Colorado law regarding in-house gambling |
Q: What forms of “gambling” are expressly authorized by law?
- A: The Colorado Lottery; live and off-track wagering on horse and dog racing events; bingo, raffles and charitable games licensed and regulated by the Secretary of State’s office; limited stakes gaming in casinos in Black Hawk, Central City and Cripple Creek, as well as on tribal reservation land; and “social gambling.”
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Q: What is “social gambling”?
- A: State law allows “social gambling” among participants who have a “bona fide social relationship”
and in which all moneys wagered goes out in prizes. A “bona fide social relationship” means that the parties
must have an established social relationship based upon some other common interest other than the gambling activity.
Further, participants cannot directly or indirectly participate in “professional gambling,” which is defined as “aiding
or inducing another to engage in gambling, with the intent to derive a profit therefrom.” This generally means that
no one other than the players can profit from the game or activity in any manner. The profit does not need to be direct
profit. For example, if a liquor establishment or other commercial enterprise derives increased sales or revenues by
attracting customers, even without charging a cover or other direct consideration, as the result of gambling taking
place at that business, the business is considered to have profited from the activity and the activity would no longer
fall under the social gambling exception. These two criteria—a bonafide social relationship and no profit motive—must
be present for a gambling activity to be considered legal “social gambling.”
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| Read more at: http://www.revenue.state.co.us/Gaming/Documents/JointGamblingRelease.pdf |
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