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You can bet the Kentucky Derby from Colorado in the comfort of your own home at any one of a number of top international Internet racebooks, none of which will ever require you to provide a social security number.
Colorado is not among those states where betting is restricted on US-based racebooks such as TwinSpires, however, offshore racebooks tend to offer more enticng cash bonuses, more options and often better odds. They also won't ask for your social security number or report taxes to government agencies.
Colorado also is looking to expand legalized betting on most sporting events with a question to be featured on the 2019 November voting ballot.
If voters approve, a constrained Colorado sports betting market could be operating by 2020. State tax revenue initially would be an estimated $10 million.
Voters would be asked whether to apply a 10% flat tax on net sports betting proceeds. If approved, businesses can apply for licenses. The question comes in the form of a tax hike request because any Colorado tax increase, by law, must be approved by voters.
There are advantages to betting at either internationally licensed online racebooks or US-based racebooks that we review below.
Boomaker Racebook vs. TwinSpires
|
Bookmaker |
TWINSPIRES.COM |
|
8 Percent Cash Back |
No Cash Back |
|
Up to $300 Free Cash Signup Bonus |
$100 Signup Bonus |
|
In Business Since 1986 |
Taking Bets Online Less Than 10 years |
|
Does Not Require Social Security # |
Must Provide Social Security # |
|
Encourages Tax Declaration of Winnings |
Reports Tax Info to Government |
|
Offers Betting on Hundreds More Events |
Limited to Horse Betting |
|
Betting on Over 50 Race Tracks |
Betting on Over 50 Race Tracks |
