Colorado sports betting has taken the USA gambling markets by storm and if you want to find an online sportsbook in the Centennial State, chances are you will get exactly the one you’re looking for. The state legalized sports betting in May of 2020. This came after a ballot measure that would provide for the regulation of sports betting through licensed casinos which can provide online sportsbook Colorado services.
The Highest State may only have a short amount of time in this industry, but it still has plenty of splendid offers. So if you’re looking to do some Colorado sports betting, both online and in-person, keep reading. This complete How To Bet guide will take you through the A-Z. Get ready to win some real money, benefitting from the appealing bonuses and promotions of CO sportsbooks.
Yes, sports betting is legal in the state of Colorado. It went live on the 1st of May 2020 and since then has become one of the biggest wagering states. This was made possible by HB19-1327, a bill effectively legalizing both in-person retail and online Colorado sports betting that drew joint support from both Republicans and Democrats as well as Governor Jared Polis.
The support was based around a law that all the sports betting tax revenue would go toward the Colorado Water Conservation Board. The CWCB was in need of funding to support water projects in the state.
So if you’re thinking over the question ‘is sports betting legal in Colorado?’, just know that you can be 100% sure of your safety and security. All you need now is to recognize the licensed retail and online sports betting Colorado operators. And here they are…
Premier Entertainment Black Hawk, LLC - Golden Gulch Casino
Tipico Sportsbook Colorado
Century Casino
Bet365 (soon)
Century Casino
Betsson (soon)
Dostal Alley Casino
Top 10 Colorado Sports Betting Apps
Deciding whether you want to wager your precious cash on sports is one thing, the next is deciding where! This can be a tough process, as each Colorado sportsbook has its pros and cons. They all have different welcome offers and as a new bettor it can be hard to navigate through them and find which one will suit you, offering the best bang for your bucks.
We are here to make this process simple. No more overwhelm, time to relax and let How To Bet take care of you.
There are many sportsbooks in Colorado. All with different benefits, different features and a different vibe, enriching the online gambling USA picture. Here are the major Colorado sportsbooks that we at How To Bet recommend.
FanDuel Sportsbook Colorado
FanDuel is an absolute staple in the American sports betting industry and it has been one since its arrival back in 2009. The company is one of the most reliable around and one of the DraftKings top competitors in the USA. FanDuel is always offering brilliant welcome bonuses, so take full advantage! You will also enjoy the intuitive and smooth wagering experience.
In February 2020 Penn National declared that they would be acquiring 36% of Barstool Sports. This led to Barstool Sportsbook being created, first as a retail option in Black Hawk Casino and later launched online, becoming one of the best options available in Colorado.
How To Bet full review on Barstool sportsbook
How To Bet full review on Barstool sportsbook Colorado
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DraftKings Sportsbook Colorado
DraftKings is one of FanDuel’s major competitors in the state of Colorado and all across the US. The company has one of, if not, the best fantasy football program around. This, combined with a fantastic online sportsbook, makes DraftKings one of the hottest names in the country. They have been in business in the Centennial State since Colorado sports betting began in May 2020.
BetMGM is known for its partnership with Oscar-winning actor Jamie Foxx. The company has only been in the game since 2018 but is up there competing with the big names, being owned by MGM Resorts LTD in partnership with Entain Holdings. BetMGM is another staple of Colorado sports betting.
PointsBet launched as a Colorado sportsbook in May 2021, a short run so far but the Australian company is one of the most respected around. It has been expanding its horizons as of late, launching in many new states as both a retail and online sportsbook.
Launched in Colorado in the fall of 2021, MaximBet is one of the newest and hottest sportsbooks. The company is owned by the Malta based Carousel Group. MaximBet’s user-friendly interface and high betting limits make this operator a valuable option.
Betway launched in the state of Colorado back in April 2021. It is a well known sportsbook in both the US and UK. Betway can also be found on the jersey of the Premier League soccer team West Ham United!
Betfred is one of the oldest sportsbooks to still be running, founded in September of 1967 in the UK! Its US brand ‘Betfred USA’ has recently launched as an online sportsbook in Colorado and Iowa.
BetRivers launched in the Centennial State in May 2020 as one of the only Colorado online sports betting options back then. The company has a deal with the Triple Crown Casino in Cripple Creek.
In August 2021, William Hill was officially rebranded into Caesars Sportsbook in the USA after Caesars Entertainment acquired William Hill for a whopping $2.9bn. All the best features from the past are still here though, and a lot has been improved too, so check this option out. And don’t miss the superb bonuses!
How to Find the Best Sportsbook Colorado Can Offer
Here at How To Bet, we make finding the best sportsbook easy. We've shown you the top sites and apps, but which one is the best Colorado sportsbook for your needs? And why? We have deep dived into functionality, reliability and offers available, looking for the most safe, secure, enjoyable one(s) that offer the best markets, odds, and payouts. So see how to determine which Colorado sportsbook is the best for you.
Legal status: Any Colorado sports betting operator must be licensed and regulated by state gambling regulators.
Credibility: The online sportsbook you choose must have an impeccable reputation so that you’re not worried about your personal and financial information.
Accessibility: You must be able to consistently access the site/ app you like from any point in the Centennial State with Internet connection.
User experience: The online betting Colorado sites/ apps you pick should offer you a pleasant journey right from the start to the very end of the wagering process. Easy-to-use interface and smooth navigation are top of the list of priorities.
Bonuses and promotions: Bonus offers, including free bets, Welcome or deposit bonus, are hugely important factors, so check thoroughly for them before you commit. Our advice is to sign up with more than one sportsbook Colorado offers you, so that you take full advantage of the promotions that are put on the table.
Payment options: Multiple deposit and withdrawal methods must be made available to you, starting with the most popular ones like credit/ debit cards, PayPal, bank transfers, etc.
Attractive odds: The betting lines must be so appealing that you can’t resist placing a wager on them. The company should be known for having these types of odds regularly. Odds Boosts are another recommended feature, as is the Cash Out.
Variety of betting markets: The online sportsbook Colorado operator you choose must offer a vast array of markets – from moneylines to in-game betting and props. Every bettor has his favorite type of wagers and the company you pick must offer it.
Customer support: Many Colorado sports betting fans will never need it, but those that do should be able to get appropriate, friendly and polite assistance with a minimum of delay.
Colorado Online Sports Betting: Bonuses and Promotions
You will struggle to find bonus offers when you wager at a retail sportsbook. When you bet in person, you’re not using an account which tracks your history with the company, they just don’t offer that. This means there won’t be any loyalty bonuses. But when using a Colorado sportsbook online, you will be greeted with a lot of different offers to reel you in. There are many different types of offers that sports betting sites and apps will offer you, some more simple than others. Check the best CO free bets and promo codes we’ve collected for you and win some easy cash, but first let us introduce you to the specifics of different bonuses and promotions available on the market.
Welcome Bonus
One of the easiest ways a Colorado sportsbook will attract new business is with a welcome bonus. Often this is in the form of a risk-free bet that only triggers in the event that it loses, but even that can have a lot of value. Be sure to look for these bonuses when choosing an online sportsbook.
Deposit Bonus
Welcome bonuses tend to be for smaller amounts, but when you're looking for a way to quickly add money to your online account, deposit bonuses can be more profitable. It is not uncommon to find ones that total up to $500 in free money. There will be a playthrough requirement – meaning that you'll need to wager the bonus amount a specific number of times before you can withdraw it – but free money is free money. Always read about deposit bonus offers before you make a deposit.
Pro tip: when trying to meet a playthrough requirement, wager the money on low odds. This gives you more chances of keeping hold of it and getting it to the withdrawal point.
Loyalty Programs
Usually loyalty programs are a casino thing, not really a sportsbook offering, and they're rarely available at a stand-alone sportsbook. However, if the sportsbook is connected to an online casino site, then there is a chance that you can use a rewards program for both accounts. So always double-check, because if a loyalty program is offered, you don't want to miss out on the free bonuses that come with it.
There are some brilliant programs out there, they usually come in tier systems, which are dependent on how much money you wager in a month or quarter. You can be promoted or demoted, depending on your spending patterns. The rewards for the higher tiers are much better of course, but you always need to way up the risk to reward. In fact, keep that line in mind when placing any bets, as every bet comes with a great deal of risk.
Refer a Friend
The final type of bonus we will be discussing today is ‘Refer a Friend’. This is perhaps the most simple of them all. You can receive a referral code at any time and if someone signs up to the selected sportsbook with your referral code, you will both reap a small benefit.
So if you have a friend or family member who is eligible to register and get involved with Colorado sports betting, definitely ask them to sign up using your code. Even if they never use the account, they are still doing their friend a favor. This is a crafty way for sportsbooks to pull in more customers and increase their player stats.
Best Bonuses from Colorado Sportsbooks
Anyone who has a legal account is eligible to claim any promos, free bets or bonuses that are offered by a Colorado sportsbook. To be legal to have an account, you need to be at least 21 years old and not work in the sports gaming industry. You must also be inside the state lines, but you do not need to be a resident of the state. Just be physically within the borders of Colorado, and you can place wagers and cash in on free bets and make use of the promo codes that we are about to let you in on!
MaximBet Sportsbook Colorado
MaximBet is offering a very nice welcome bonus for new Colorado online sports betting fanatics. They are offering a deposit bonus of what can add up to $1,000 over four weeks.
1st Deposit Offer: 100% deposit bonus up to $500
2nd-week Deposit Offer: 100% deposit bonus up to $250
3rd-week Deposit Offer: 100% deposit bonus up to $125
4th-week Deposit Offer: 100% deposit bonus up to $125
BetMGM Sportsbook Colorado
BetMGM sportsbook offers its new customers a very handsome welcome bonus: a risk free bet of up to $600.
After you deposit the amount you would like to wager, you simply place your bet and after it's settled, you will be granted the amount back in free bets. Simple, right? BetMGM also offers lots of daily odds boosts which can help you maximise your profits from this offer. Keep your eyes peeled…
Betway Colorado Sportsbook
Betway is the newest sportsbook to open their doors to the bettors of Colorado. They are offering a welcome bonus of up to $1,000 to new bettors. This comes in the form of:
100% Match Bonus up to $250 on 1st deposit of $20+
Additional bonuses of up to $250 on 2nd deposit of $20+
Up to $500 on 3rd deposit of $20+
The more you deposit, the more you will receive! Always be careful when wagering any money and, as always. only bet what you can afford to lose.
Betfred Sportsbook Colorado
Betfred are offering a simple but effective approach to their bonus. Something very fitting for the sportsbook that has been around since the 1960s. This operator offers a $500 deposit match bonus. So simply place your first bet up to $500 and, win or lose, you will be reimbursed with $500 in credits. On sign-up you will be greeted with a free $40 bet. Not bad for the old timers…
FanDuel Sportsbook Colorado
FanDuel is offering new bettors a risk free bet when you join them in the state of Colorado. To claim the offer, you need to register, make a first deposit, and then place your first real-money wager on FanDuel Sportsbook up to $1,000.
If you bet $1,000 and lose, FanDuel will give you a $1,000 Bet Voucher. If you then bet that voucher on a +100 line, and win, they will pay you the $1,000 in winnings (from the odds), as well as $1,000 for the value of the wager. This is paid in cash, not in a free wager, making this offer one of the highest value offers on the market.
PointsBet Sportsbook Colorado
Our Aussie mates at PointsBet are offering a very sweet deal for new Colorado bettors: $250 back on your first $250 spent with code ‘HOWTOBET’. This offer is formatted in a tier system. As usual, the more you spend, the more you will receive.
Deposit $50, Bet With $150
Deposit $150, Bet With $300
Deposit $250, Bet With $500
Simple, right? Remember the code ‘HOWTOBET’ to claim this offer!
BetRivers Sportsbook Colorado
Last but not least is BetRivers, who is offering one of the most simple offers of all: a 100% match in bonus money up to $250. Just use the code ‘250MATCH’ to get started with this Colorado sports betting operator and begin to reap the benefits!
The only catch to this offer, is that you will be required to wager the bonus money once before it is eligible to be withdrawn to your bank account.
How to Start Your Colorado Sports Betting Journey Online
1. Download and install your preferred sportsbook app
This step is needed if you want to wager with any sportsbook Colorado offers from your smartphone or other mobile devices. In this case find the app you want in the specific Android or iOS app store, download and install it. If you’re betting from a desktop, you won’t need to take any of these actions.
2. Sign up for your betting account
Whether you are accessing a Colorado sports betting app or a website, the sign-up process is extremely simple. The information required for registration is:
First and last name
Mailing address
Email address
Date of birth
Phone number
Social Security number
Chosen Username
Chosen Password
You will choose your username and password at the time of registration. If there are any issues with confirming your identification through your address and social security number, you may be asked to submit a recent utility bill in your name.
You will also be prompted to answer a pair of security questions and decide if you want to opt-in to two-factor notification. This means that each time your account is accessed, a PIN will be sent to your mobile phone. You must then provide that PIN to confirm that it really is you logging in.
3. Make a deposit at the Colorado sports betting app or site
Now that your account is official and you've checked to see what kind of deposit bonuses are on offer, you're ready to put some money into your account. Colorado sportsbooks offer the following deposit options:
Online bill pay/bank transfer/wire transfer
ACH/eCheck
Credit and debit cards (Visa and Mastercard)
PayPal
Neteller
Play+ prepaid card
PayNearMe (found at area 7-Eleven stores)
Not all sportsbooks will offer a prepaid card, but many casinos do, so you may find that their partner sportsbook does. That is a great way to fund your account if you can do so. It's worth noting that many credit card companies treat payments to gambling establishments like a cash advance, meaning that extra fees are attached. Always double-check with your issuing bank before making any deposits, so that you aren't surprised by any extra fees.
For this reason, and for an added layer of security, consider making deposits through online bill pay where that option is available.
4. Place your bet
Here are the steps for online betting Colorado sportsbooks require you to make:
Go to the sport
Click the line you want to bet
Click bet slip (or navigate if you’re on a computer)
Enter your bet amount
Submit
Congrats! You’ve just placed your first legal sports bet in Colorado.
5. Withdraw your winnings
One of the key concerns new bettors usually have is how to withdraw. It's actually a simple process. You can withdraw seamlessly from any Colorado sports book with one of the following options.
ACH/eCheck
PayPal
Personal check
Just remember that when cashing out with a personal check, there will be delays of between five and ten business days for processing and mailing. This is yet another reason why electronic banking is recommended by ourselves and almost everyone else in the industry.
Is Colorado Mobile Sports Betting Available?
Colorado mobile sports betting has been available since the overall launch in May 2020. You are not required to be a Centennial State resident either! You just have to be within the state lines and be over the age of 21. These are staple laws for sports betting in any US state.
Benefits of Using a Legal Colorado Sports Betting App
It’s available as long as you have an Internet connection
You can bet on the go
Easy and safe deposits with withdrawals straight back into your bank account
Live odds and live betting made easy
You are on the right side of the law when using it
Your money is completely safe
Colorado Retail Sportsbooks
The arrival of COVID-19 coincided with the opening of retail sportsbooks in Colorado, which meant the people of the ‘sunshine state’ had to wait for the restrictions to settle before queuing up to place their in-person bets. The current available retail sportsbooks are spread out mainly in three different locations.
Black Hawk
Barstool Sportsbook at Ameristar
Caesars Sportsbook at Lady Luck Casino & Isle Casino
DraftKings Sportsbook at Golden Mardi Gras/ Golden Gates/ Golden Gulch Casinos
BetMonarch at Monarch Casino
ELITE Sportsbook at Red Dolly Casino
Betfred at Saratoga Casino
PlaySports Kiosks at Sasquatch Casino & The Wild Card Saloon
PlaySports Kiosks at Z Casino
Bull Durham Saloon and Casino
Gilpin Casino
Lodge Casino
Cripple Creek
Woody’s at BetWildwood at Wildwood Casino
PointsBet at Double Eagle Hotel And Casino
BetAmerica at Bronco Billy’s Casino
Billy’s Casino
Brass Ass/J.P. McGill’s/Midnight Rose Casinos
Century Casino-Cripple Creek
Christmas Casino
Colorado Grande Hotel & Casino
Johnny Nolon’s Casino
Central City
PlaySports Kiosks at Johnny Z’s and Grand Z Casino
Century Casino
Dostal Alley Casino
Easy Street Casino
Famous Bonanza Casino
Johnny Z Casino
Other Locations
Ute Mountain Casino Hotel & Resort – Towaoc
Sky Ute Lodge and Casino – Ignacio
Colorado Sports Betting in Comparison with Other States
Colorado's sports betting market is really appealing because the Centennial State has the least restrictive sports betting bill in the country. If you want to wager in a free and easy manner, this is the place for you to be – both online and in-person. Let’s check some important features in comparison to other states.
Restrictions – With any sportsbook Colorado has to offer you at the moment, a bet on state-based college teams is legal, which is not the case for example in New Jersey. And, unlike in Nevada for instance, you are not required to make an in-person registration and deposit before wagering online. There are also no big restrictions in place on some bet types.
Mobile betting options – The ease of mobile wagering in the Silver State makes it a really attractive option even for bettors from across the state borders. People from Oklahoma, Kansas, Nebraska, and New Mexico can make the trip just to place a wager on a sporting event without any reservations. One can bet on his/ her smartphone from anywhere in the state with a cell service and Internet connection. This is great news considering the fact that Centennial State casinos aren't located in crowded big city areas.
Pricing – In terms of online sports betting Colorado offers fair pricing thanks to the measures taken by both state authorities and sportsbooks. The odds offered are competitive, to say the least.
Offerings – The opportunity to bet on local college teams, esports, and so much more, plus the relatively low license fees and tax rates make this state a huge attraction for sports betting aficionados compared to other legal states. Some might even say that there’s not even one that offers more, so check any sportsbook Colorado has listed as licensed and you won’t be disappointed.
Local teams and events to bet on – There are a lot of local teams and events to put wagers on, bringing even more passion to your online sports betting in Colorado. These include the Denver Nuggets, Denver Broncos, Colorado Rockies, Colorado Avalanche, Colorado Rapids, Colorado Buffaloes, Colorado State Rams, Air Force Falcons, Northern Colorado Bears, Denver Pioneers, and so many more. As you can see, for sports gambling Colorado offers tons of possibilities to spice up your wagering life with teams from the Centennial State and events like the NASCAR race in Dacono.
Brief History of Colorado Sports Betting
Colorado sports betting began in May of 2020 after HB19-1327, a bill effectively legalizing both in-person retail and online sports betting was approved by both Republicans and Democrats.
This was the start of history, as many sportsbooks including BetMGM, DraftKings and FanDuel jumped right in and opened their markets to the public. Skip forward to the current date and there are several online sportsbook options, as well as a plentiful amount of retail opportunities.
So whether you favor the betting on the go, cell phone approach, or going into the casino and betting the old fashioned way, there is something for you in the state of Colorado.
Responsible Colorado Sports Betting
The most key thing to remember when you learn how to bet on sports isn’t player stats, injury lists and form records. It's to do so responsibly. It doesn’t matter if it's a dollar bet or ten thousand, you need to be smart and make sure your head is always in the game.
A lot of the major Colorado online sports betting sites have tools to help you gamble responsibly. Some of the best features are:
Tools to limit spending and how many bets you place
Notifications and alerts telling you how long you have been on the site or app
Ads for gambling rehabilitation options
We here at How To Bet are strong advocates of responsible Colorado online sports betting. That's why we always advise that you only bet with money you can comfortably afford to lose, no matter how much you think your selection is a ‘sure thing’. In betting, there is no such thing as a sure thing, and some of the worst losses come suddenly, straight out of left field.
Colorado Sports Betting FAQ
Is sports betting legal in Colorado?
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Yes, 100%. Because of that, you can bet with any of the licensed sportsbooks in the Centennial State without any fear for your safety and security.
Can you bet on sports in Colorado?
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Yes. It is legal to place bets on all professional and college teams located and playing in Colorado. By law, the only teams that you cannot wager on are Colorado high school teams. That prohibition has become the industry standard throughout the country.
Can I bet online in Colorado?
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Yes! Colorado online sports betting has been available since May 2020.
How to sports bet in Colorado?
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Just follow these four simple steps we’ve already discussed on this page. Download and install your preferred sportsbook app. Then sign up for your betting account. After that make a deposit at the online sportsbook and finally place your bet.
What is the legal sports betting age in Colorado?
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If you are at least 21 years old and inside the state lines, you can place legal sports wagers.
There is no residency requirement for placing wagers. If you are of age and inside the state lines, it is entirely legal for you to place a bet at a licensed sportsbook, either in person or online.
Is DraftKings sportsbook legal in Colorado?
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Yes. In fact, DraftKings is one of the best online sports betting options in the state. It is also going to be one of the first retail sportsbooks in Colorado, which is good news for DraftKings fans who also like to bet offline.
Do Colorado sportsbooks require taxes on winnings?
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Yes. The sportsbooks pay a 10% tax on sports betting revenue, with that money going to fund water management projects in the state. As for sports betting customers – all winnings must be declared to the IRS when filing income taxes.
Is anyone restricted from placing bets in Colorado?
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Yes. As with many other states that have legalized sports gambling, players, coaches, and other team officials who have insider knowledge or have the ability to influence the outcome of a sporting event may not place bets on any events in which they have any involvement.
This does not include everyone who works for a team. If you are a team trainer, you are ineligible to wager on any events in which you participate. If you sell tickets, you are allowed to place bets.
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