Colorado Sports Betting

Top Sportsbooks in Colorado

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Colorado Sports Betting

Last Updated: September 2, 2022

The Colorado online sports betting market is more extensive than most other U.S. states, especially regarding the number of online sportsbooks. As a result, Colorado quickly jumped into the top-10 in the biggest sports betting markets after launching in May 2020. 

All of the casinos in Colorado are allowed to offer online sports betting, and that typically means partnering with an online sportsbook. However, there are still several casinos in Colorado that have not yet found an online partner, which means more growth is coming to the state. 

Colorado has some pretty wide-open laws regarding online sports betting, and it benefits the sportsbooks and the sports bettors. As a result, nearly all of the biggest names in the U.S. sports betting industry have found a path into this state. 

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State of Play in Colorado

Sports Betting in Colorado

Colorado hosts one of the most abundant selections of online sportsbooks of any U.S. state. Since the May 2020 launch of sports betting, more than 25 mobile sports betting apps have launched in the Centennial State.

The state’s menu of online sports betting options includes the top brands in the industry, as well as smaller books operated by Colorado casinos.

Daily fantasy sports (DFS) sites are legal in Colorado, but online casinos and poker haven’t yet been approved.

Sportsbooks in Colorado

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DraftKings SportsbookRead Review$1,000Play Now
WynnBETRead Review$100Play Now
FanDuel SportsbookRead Review$1,000Play Now
BetMGMRead Review$200Play Now
Caesars SportsbookRead Review$1,250Play Now

Q&A

  • Can I bet on college sports in Colorado? Yes, the sports betting rules in Colorado favor the sports bettor, and you can place a bet on a college sporting event. Other states have created some restrictions regarding college sports betting, but that's not the case in Colorado.
  • Is betting on esports legal in Colorado? Colorado became one of the first states in the U.S. to officially legalize betting on esports events. The esports industry has seen plenty of growth throughout the years, and Colorado is one of the best places to bet on these events in the country.
  • How do sportsbooks get a license to launch in Colorado? There are no online-online licenses available in Colorado, and all online sportsbooks have to be tied to a licensed in-person casino. However, online sports betting companies can agree with casinos and then apply for a sports betting license to launch.
  • Is the BetMGM app available in Colorado? Yes, the BetMGM app was one of the first to go live in Colorado on May 1, 2020. To launch in Colorado, BetMGM partnered with the Midnight Rose Casino in Cripple Creek. BetMGM is one of the biggest online sportsbook operators in the United States, and it's popular in Colorado.
  • How do I get paid after betting at Colorado sportsbook sites? Each Colorado sportsbook site will have its list of banking options, and you can choose how you would like to receive your winnings. You will find similar withdrawal options at most sportsbooks in the state, but some might have some unique options available. Most methods will allow you to receive money quickly, while others could take a few days to process.
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Methodology

Selection
10/10

More than 25 different mobile sports apps are available within Colorado borders.

Cashier
9/10

The top brands in legal sports betting offer a comprehensive array of payment options, including Play+, PayPal, and online banking.

Fair Pricing
9/10

With so many online sportsbook choices, Colorado bettors enjoy access to unparalleled line shopping opportunities.

Betting Options
10/10

Virtually every imaginable sport is open for wagering in Colorado, as are some of the most innovative ways to bet in the industry.

Bonus Offers
8/10

You can register at Colorado online sportsbooks through the “Play Now” links in this review to unlock the welcome bonus promotions at each platform.

25+ Online Sportsbooks
Statewide Mobile Wagering
Top Brands

Colorado Sports Betting

The Colorado sports betting industry went live in May 2020. More than 25 Colorado sportsbooks offer online wagering in the Centennial State. The Colorado online sports betting market hosts one of the biggest selections of platforms of any U.S. state. You can sign up for Colorado sports betting apps through the “Play Now” links in this review and unlock available welcome bonuses at each app.

Colorado Sports Betting Key Information

  • Online Gambling Options in Colorado: DFS, Online sports betting legal in Colorado
  • Sports Betting Tax Rate in Colorado: 10%
  • Number of online sports betting licenses available in Colorado: 33
  • College Betting Policy in Colorado: Legal
  • Date of Colorado Sports Betting Legalization: Colorado residents voted to legalize sports betting in November 2019.
  • Colorado Gaming Regulation Agency: Colorado Department of Revenue

Further details on CO sports betting follow in this review, including a Colorado sports betting FAQ.

Colorado Online Sportsbooks

Here is a list of all of the legal Colorado sports betting sites, placed in order by launch date. 

  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • BetMGM
  • Caesars Sportsbook
  • WynnBET
  • PointsBet 
  • Betway
  • SI Sportsbook
  • Tipico 
  • BetRivers
  • BetMonarch
  • FOX Bet
  • Sky Ute Sportsbook
  • Betfred Sportsbook
  • Circa Sports
  • BetWildwood
  • Elite Sportsbook
  • MaximBet
  • SuperBook
  • PlayUp
  • Play Maverick Sports
  • Bally Bet
  • Barstool Sportsbook
  • Betsafe

Top Colorado Online Sportsbooks

  1. Top-Rated App
  2. 15+ States Available
  3. Wide Sports Selection
  1. Backed by Wynn Resorts
  2. Live Betting
  3. Legal in Nine States
  1. No. 1 U.S. Sportsbook
  2. Live Betting
  3. 15+ States
  1. Top-Rated App
  2. Backed by MGM Resorts
  3. 15+ States
  1. Backed by Caesars Entertainment
  2. 12+ States
  3. Comprehensive Sports Selection

Retail Sportsbooks in Colorado

All of the commercial casinos in Colorado are located in three towns. Native American tribes are also able to offer retail sports betting. Here is a complete list of casinos in Colorado where you can bet on sports:

  • Ameristar Casino Black Hawk
  • Billy’s Casino
  • Brass Ass Casino
  • Colorado Grande Hotel & Casino
  • Golden Gates Casino
  • Golden Gulch Casino
  • Grand Z Casino
  • Golden Mardi Gras Casino
  • Johnny Nolan’s Casino
  • Johnny Z Casino
  • Isle of Capri Casino & Hotel
  • Lady Luck Casino
  • Midnight Rose Casino
  • Monarch Casino
  • Red Dolly Casino
  • Saratoga Casino
  • Sasquatch Casino
  • Sky Ute Lodge & Casino
  • The Lodge Casino at Black Hawk
  • The Wild Card Saloon & Casino
  • Ute Mountain Casino Hotel & Resort
  • Wildwood Casino
  • Z Casino

Top Colorado Online Sports Betting Bonuses

Risk-Free Bet (aka First Bet Insurance)

A risk-free bet applies to the first wager you place at a Colorado online sportsbook, and it’s an extremely common welcome bonus that you will find. A risk-free bet works just as it sounds, as sports bettors can place a wager without worrying about losing money. 

You will have to deposit unlocking this bonus, as you will need some funds in your account to place a wager. However, if that initial bet is not a winner at one of the Colorado legal online sports betting sites, then you will receive a refund for that amount. 

The Barstool Sportsbook is one option that offers a risk-free bet, although the actual offer is worded a bit differently. 

Deposit Match Bonus

The BetRivers online sportsbook has one of the best deposit match bonuses in the industry, as Colorado sports bettors can receive a 100% first deposit match up to $250. Other sites challenge this offer from BetRivers, but most only offer a percentage match on the first deposit. 

A deposit match applies to the first deposit made, and you must wager that amount before making a withdrawal request. Sportsbooks want to get that money into their sportsbook, and they are willing to reward you for making a big offer. 

Free Bet Bonuses (aka Match Bets)

The BetMGM online sportsbook gives out a free bet bonus weekly, but that’s an offer to returning sports bettors. In addition, some other sportsbooks in Colorado will offer free bets as a welcome bonus, and that’s a great way to get started in this industry. 

A free bet is free money, but you will have to use that money to place bets in the sportsbook. They will limit some free bets in what you can wager on, while others can be used for the entire catalog of betting options. 

Online Sports Betting in Colorado: How to Bet

Betting online at sportsbooks in Colorado is a bit different than betting in person, but it’s still not a difficult process. Some steps make this process easier to understand.

  1. Look for a legal online sportsbook in Colorado
  2. Download the Android or iOS mobile app
  3. Start the registration process by entering personal information 
  4. Choosing a username and password to be used at the site moving forward
  5. Make your initial deposit after using the correct promo code
  6. Place your first bet
  7. If you win, begin the withdrawal process to receive your winnings. 

All of our “Play Now” links on this site will take you to your chosen sportsbook and unlock the top welcome bonuses available at any given time. 

Installing the iOS App on your Device

The App Store on an iOS device will have a long list of Colorado sportsbook apps available. Instead of trying to scroll through and find the app you are looking for, you can do a quick search, and each sportsbook will appear. 

After you click the download button, the mobile app will automatically install on your device. 

Android App How To Download

The Google Play Store is where you will want to look for Android Colorado sports betting apps, and you will find a number of the top sportsbooks there. However, if you cannot find the app you are looking for, you will have to head to the desktop site. 

The online site will have a download link to install the mobile app on your device. 

Using the Desktop Sites in Colorado 

Betting on a sports betting app draws the most action from Colorado bettors, but you can also place wagers on the desktop sites. These desktop sites started how sportsbooks started, and things began transferring to mobile apps.

It is a bit of a disadvantage to stay in one place to make bets at the desktop site, but this is still an option. 

Best Payment Methods at Colorado Online Sportsbooks

Play+

The top betting apps in Colorado now offer a prepaid card for banking. The Play+ card presents a hassle-free banking option, with funds transferred back and forth to that card. 

You can reload the Play+ card in whatever manner you want, and then you can also use your winnings that are sent to the Play+ card just like any other prepaid card. 

PayPal

PayPal is a simple and easy way to send money back and forth to friends and family, but it’s easy with an online sportsbook. In addition, PayPal can be used as a deposit and withdrawal method, sending money quickly and easily. 

If you already have a PayPal account, you will want to connect that to the sportsbook to use this option. 

ACH/eCheck

If getting a check is the method you prefer when receiving funds, the ACH/eCheck option will be for you. However, this method involves sending or receiving an electronic check, and it is a process that can take some time to complete. 

One benefit of this option is that you won’t have to use a third party, and the check can be sent wherever you choose. 

Bank Transfer/Online Banking

An online bank transfer is one of the most secure ways to send money back and forth from an online sportsbook. This method could cause you to see some delays in the payment process, though, as the bank might put a slight delay on the payment. 

Using a bank located in Colorado will usually make this process run more smoothly. 

Credit/Debit Card

Using a credit/debit card was one of the only ways to bank at a sportsbook app, but some better options have passed it up. Even though more convenient options might exist, you can still use your credit or debit card if you wish. 

Nearly all Colorado sportsbook apps will accept a Visa or Mastercard, but you could also find others that will take Discover or American Express. 

eWallets

All-new mobile devices are equipped with an eWallet, and you can now use those eWallet options at some online sportsbook sites. This is still a banking method that hasn’t become as popular as some others, but that should be changing in the coming months. 

Other Payment Options

One of the most important banking not mentioned above is that you can also visit the casinos and make or receive a payment in person. All retail sportsbooks will have a teller on duty, and you can see the casino cage to fund your account or receive your winnings.

There could be some other banking options available as well as each site can pick and choose how they want to receive or send money. 

Top Colorado Online Sportsbooks

  1. Top-Rated App
  2. 15+ States Available
  3. Wide Sports Selection
  1. Backed by Wynn Resorts
  2. Live Betting
  3. Legal in Nine States
  1. No. 1 U.S. Sportsbook
  2. Live Betting
  3. 15+ States
  1. Top-Rated App
  2. Backed by MGM Resorts
  3. 15+ States
  1. Backed by Caesars Entertainment
  2. 12+ States
  3. Comprehensive Sports Selection

Colorado Sports Teams

Denver Broncos

The Denver Broncos are the NFL team located in Colorado and are easily the most popular team in Colorado. This team competes in the AFC West Division, and they have a big rivalry with the Kansas City Chiefs. 

The popularity of the Broncos has been aided by the fact that this team has won three Super Bowls since 1998. Denver won back-to-back titles in 1998 and 1999, and Peyton Manning led them to a Super Bowl win in 2016. 

Betting on the Broncos to cover a -2.5 point spread over the Kansas City Chiefs is a spread bet on this team. 

Denver Nuggets

Betting on the NBA is another great option for sports betting, and the Denver Nuggets are the team in Colorado. Denver has yet to win an NBA Western Conference title, but they have won 11 division titles throughout the team’s history. 

The Utah Jazz is the biggest rival of the Nuggets as both teams compete in the Northwest Division. Denver currently has the back-to-back NBA MVP winner in Nikola Jokic. 

Taking the Nuggets moneyline over the Jazz is one way to bet on this team. 

Colorado Rockies

The Colorado Rockies gave the state of Colorado an MLB team back in 1993 as an expansion team, but this team is still looking for its first-ever West Division title. Colorado has made five playoff appearances since 1993, including one in the World Series.

The Arizona Diamondbacks and the other teams in the West Division are the team’s biggest rivals. Colorado is currently in a bit of a rebuild, and it will take some time before they become contenders again. 

Taking the over of 9.5 runs is a total bet you can make in a game featuring the Rockies and Diamondbacks. 

Colorado Avalanche

The Colorado Avalanche is an extremely popular hockey team in the state that competes in the Central Division in the Western Conference. Colorado has a pair of Stanley Cup titles in franchise history and could add to that total in 2022. 

The Avalanche has a big rivalry with the Vegas Golden Knights in the Western Conference and the St. Louis Blues in the Central Division. However, Colorado looks to be set up for success for many years to come. 

Taking the Avalanche -1.5 over the Golden Knights is an example of a puck line bet that you can make. 

Colorado Rapids

The Colorado Rapids are members of Major League Soccer, and they won the Western Conference in the 2021 season. Soccer isn’t a huge sport yet in the United States, but it is wildly popular worldwide. 

The Rapids usually play in low-scoring games, as is the case for soccer. Therefore, taking the under in goals scored if the total is set at 3.5 is an example of a bet you can make on this team. 

Colorado Buffaloes

Since betting on college sporting events is available in Colorado, the University of Colorado Buffaloes are one of the most popular teams in the state. Colorado is a member of the Pac-12 Conference, and football and basketball are the two most popular sports.

The Colorado basketball program was extremely successful, but the basketball team improved. Utah is a big rival of Colorado in both sports. 

Taking the Colorado Buffaloes over 6.5 regular-season wins is an example of a futures bet that you can make on the football team. 

Colorado State Rams

The Colorado State Rams are another popular college sports team in the state. Colorado State is now a member of the Mountain West Conference and has produced some solid basketball teams of late. 

Colorado State was in the NCAA Tournament in 2022, but the last Mountain West title was back in 2003. So taking the Rams -4.5 in a college basketball game is a way to place a spread bet on this team. 

Are Colorado online sports betting sites fair? 

There is such a long list of Colorado sportsbooks that it seems fair to question if all sites are fair. The answer to that question is a simple yes, as sites that aren’t fair wouldn’t be able to last in such a competitive industry. 

The “fairness” of a sports betting app refers to the betting odds and available lines. Of course, each site will try to have the best odds in the state, which is a huge bonus for those who bet online. 

Who is in charge of regulating legal online sportsbooks in Colorado?

The Colorado Limited Gaming Control Commission and the Colorado Division of Gaming regulate sites that offer betting in Colorado. These groups work under the Colorado Department of Revenue, but each has unique jobs. 

Regulating Colorado’s legal sports betting industry involves handing out online sports betting licenses and checking up on the sites frequently. 

Why should I trust legal online sportsbooks?

All CO sports betting apps go through a pretty extensive process to receive a license, and that’s the best reason to trust them. In addition, each site is regulated by the Colorado Department of Revenue.

Offshore betting sites used to be the only option in Colorado, and those sites were not to be trusted. However, legal sites are much different than those, and there is no danger in betting on sports at these sites. 

How do I get paid if I win?

All legal sports betting payments will come from each online sportsbook, and specific banking options will be available. Most sites will use the same basic banking options, but each sportsbook is free to create its banking options. 

After winning money at a sports betting app in Colorado, you will click on the withdrawal button to begin this process. You can choose how much money you want to receive and where you want those funds to be deposited. 

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