Colorado Sports Betting

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Legal online sports betting went live in Colorado in May 2020.

The state features not only an impressive number of sportsbooks but also local brands more native to the market. Colorado sports betting law granted each of the state’s 30-plus casinos the ability to offer online betting inside state lines via authorized sportsbooks. So far, the majority of them have taken the opportunity.

For Colorado sports bettors, the volume of options, bonuses, and promotions might be a bit overwhelming. Read on for a comprehensive look at sportsbook apps and legal betting in Colorado.

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What’s happening in Colorado sports betting right now?

  • Sept. 24, 2022 – The blowouts keep coming for the Colorado Buffaloes, which fell to 0-4 after a 45-17 drubbing by UCLA.
  • Sept. 1, 2022 – Sportsbooks in Colorado took $258.4 million in bets during July with $20.8 million in gross gaming revenue. Taxable revenue was $14.2 million which led to $1.1 million paid in taxes.
  • Sept. 1, 2022 — European heavyweight Bet365 arrived in Colorado as planned, making it the 26th sportsbook app in the state after TheScore and TwinSpires shut down.
  • August 22, 2022 bet365 is still expected to launch around Sept. 1 according to its partner Century Casinos. The sportsbook does have a temporary license already, regulators confirmed to LSR.
  • August 2, 2022 – Colorado sportsbooks reported $313.2 million in handle but just $6.8 million in revenue for a 2.2% hold in June. Operators only paid $268,280 in taxes for the month, the lowest since Sept. 2020.
  • July 8, 2022 – The Colorado Avalanche‘s Stanley Cup run led to $127.3 million in handle on the NHL Playoffs, according to Colorado gaming regulators. That is nearly $100 million more than the state’s sportsbooks accepted from last May through July.
  • June 30, 2022 – Colorado’s sportsbooks took $360.3 million in bets during May, which is down 8.2% from April but up 44.7% from last May. Operators held 7.5% for $27.1 million in revenue but promo deductions dragged taxable revenue down to $16.6 million. That led to nearly $1.7 million in taxes for the month.
  • June 26, 2022 – All eyes will be on June’s sports betting report published in late July to gauge the impact a Stanley Cup title run had on handle and revenue. The Colorado Avalanche topped the Tampa Bay Lightning 4-2 in the series.
  • June 15, 2022 – The Colorado State Auditor said it found some “gaps” in the regulatory process for sports betting. The regulator agreed to 10 recommendations and has until February 2023 to implement them.
  • June 13, 2022 – Colorado sportsbooks should be busier than usual booking hockey bets during the Stanley Cup Finals with the Colorado Avalanche hosting the first two games against the Tampa Bay Lightning.
  • June 1, 2022 theScore Bet will end its US sports betting operations, including in Colorado, on July 1.
  • May 26, 2022 – Colorado will put a cap on promotional sports betting deductions by operators beginning in 2023.
  • May 17, 2022 – Hockey handle should see a decent bump in May as the Colorado Avalanche topped the St. Louis Blues 3-2 in overtime to take the first game of the second round series.

Comparing top Colorado sportsbooks

Deciding where to place a bet in Colorado is a subjective choice. Elements like a site’s navigation might bother some but not others. Here’s a brief look at where Colorado apps shine, plus mini-reviews of the top sites in the state.

  • Best sportsbook for betting on the go: DraftKings, FanDuel. These apps are among the highest rated for sportsbooks on iOS (4.8) and Android (4.7). A 2021 independent study by Eilers & Krejcik Gaming notes that both apps consistently score high for their betting interfaces and key features.
  • Best sportsbook for sports variety: BetMGM. BetMGM has more diverse options than almost any other sportsbook in Colorado. Alongside the standards like football and basketball, you can find betting options like Gaelic sports, handball and snooker.
  • Best sportsbook for Colorado connections: PointsBet. PointsBet has more links to Colorado entities than any other sportsbook in the state. It has partnerships with the Colorado Avalanche, Denver Nuggets and University of Colorado Buffaloes.
  • Best sportsbook for navigation: FanDuel. FanDuel offers the smoothest navigation out of any active sportsbook. It is intuitively designed and incredibly quick to get you to where you want to go.
  • Best sportsbook for new players: MaximBet. Although not a major sportsbook player yet, MaximBet has come through for new players and has $1,000 in site credits available.

1. DraftKings Sportsbook

DraftKings Sportsbook has one of the most innovative apps in Colorado sports betting. It features a betting carousel that presents wagering options based on your preferences and betting history. In one sense, no one has quite the same DraftKings experience. It could, however, stand to improve its bonuses for recurring players, but that’s a minor nitpick.

  • App rating: 4.8 (iOS), 4.7 (Android)
  • Key takeaway: An easy-to-use app that you can tailor itself to your preferences.
  • Best feature: Betting carousel
  • Bonus offer: $1,050

2. Caesars Sportsbook

Caesars has a deep list of available sports, too, and long experience in the space. Caesars players can also take part in the Caesars Rewards program, which provides redeemable points for rewards at Caesars locations. However, Caesars could stand to spiff up its app presentation and navigation a bit.

  • App rating: 4.6 (iOS), 4.4 (Android)
  • Key takeaway: A solid app with plenty of sports and experience.
  • Best feature: Caesars Rewards
  • Bonus offer: $1,250

3. BetMGM Sportsbook

BetMGM offers more sports to bet on than almost any other sportsbook app. Furthermore, the “edit my bet” function allows you to increase your wagers, change the teams on the bet, or even add legs to a parlay. The only issue is that BetMGM can be a bit unwieldy to navigate.

  • App rating: 4.8 (iOS), 4.4 (Android)
  • Key takeaway: More options for sports to bet on than almost any app.
  • Best feature: Edit my bet
  • Bonus offer: $1,000

4. BetRivers Sportsbook

BetRivers is the sportsbook brand for Rush Street Interactive, a casino company primarily focused in the northeastern United States. BetRivers players can take part in one of the only rewards programs specifically for sports bettors. BetRivers also trumpets players’ big wins in its main lobby. However, as you can see from its app ratings, it could stand to improve navigation and usability.

  • App rating: 3.1 (iOS), 3.1 (Android)
  • Key takeaway: A solid sportsbook with plenty of experience and options for Coloradans.
  • Best feature: iRush Rewards
  • Bonus offer: $500

5. Betfred Sportsbook

Betfred Sportsbook is expanding in the US after years of success in Europe. It offers a deep and multi-tiered rewards program that includes birthday bonuses and restaurant vouchers. Betfred also offers enhanced parlays — essentially odds boosts for parlay bets. Betfred still needs to smooth out some of its app’s bumpiness, however.

  • App rating: 3.2 (iOS), 3.2 (Android)
  • Key takeaway: A large roster of revolving promotions and options for players.
  • Best feature: Loyalty program
  • Bonus offer: Bet $50, Get $250

6. MaximBet Sportsbook

MaximBet is one of the smaller sportsbooks to operate in Colorado’s crowded sports betting market, but still competes with bigger operators. The app has a strong range of promotions. It is also quite visually appealing, with vibrant colors that explode off the screen. However, it is still a relatively new book and needs to work on the variety of sports and banking options it offers.

  • App rating: 4.9 (iOS), n/a (Android)
  • Key takeaway: A rookie in the sports betting world, but one that’s doing many things right.
  • Best feature: Promos for new players
  • Bonus offer: $1,000

7. FanDuel Sportsbook

FanDuel Sportsbook has risen to the top in many states because of the ease with which players can navigate its app. There are also plenty of betting options and promotions, including same-game parlays. FanDuel still has a few rough spots in the smaller corners of its app, but these are minor issues.

  • App rating: 4.8 (iOS), 4.7 (Android)
  • Key takeaway: Likely the smoothest app available to Colorado bettors.
  • Best feature: Same-game parlays
  • Bonus offer: $1,000

8. Sports Illustrated Sportsbook

The SI Sportsbook app debuted in September 2021. The sportsbook is a rebrand of venerable sportsbook 888 Sport and has a huge number of markets available for wagering. It also offers a tie-in for fans of the popular sports magazine. Its main drawback is its presentation, which is a bit too pedestrian at the moment.

  • App rating: 3.7 (iOS), 3.6 (Android)
  • Key takeaway: The rebrand of 888Sport has a tremendous number of markets and offers cross promotions with Sports Illustrated.
  • Best feature: Market diversity, with numerous in-play options
  • Bonus offer: Bet $10, Get $80 in Free Bets

9. Bet365 Sportsbook

Well-known European sports betting brand Bet365 arrived in Colorado in September 2022. With live in-game betting features, bet boosts and super boosts, and a personalized display, the app and sportsbook site offer users a unique experience. The betting markets are plentiful and the odds are competitive. The app itself gets favorable ratings from customer reviews, though occasional hiccups can happen when navigating between the betting sections.

  • App rating: 4.6 (iOS), 2.7 (Android)
  • Key takeaway: A strong brand with an easy-to-use app and competitive odds.
  • Best feature: Personalized display
  • Bonus offer: Bet $1, Get $200

New sports betting apps in Colorado

There are more than two dozen sportsbook apps active in Colorado right now. However, the state has quickly become one of the top locations for enterprising sportsbooks to find new revenue. Here are some apps that could soon be joining the crowd in the Centennial State:

  • Bet365 (Century Casinos)
  • Betsson Sportsbook (Dostal Alley Casino)
  • BlueBet (TBA)

How to get started with best Colorado sportsbook bonuses

Getting started at a Colorado online sportsbook is pretty easy. Once you register for an account, you can make your first deposit and be off and running. The only thing to add is that you might have to provide additional documentation to withdraw funds. Be aware that verifying a joint bank account likely requires ID from everyone on the account.

With so many Colorado sportsbook apps available, competition is fierce. Apps offer bonuses and promotions to attract new players and keep them coming back. Here are some of the best welcome bonuses available to Colorado sports bettors at the moment:

Just as a refresher, here’s how these bonuses work:

  • Deposit bonuses: Sportsbooks will match all or a portion of your deposit. You may also see these appear as match bonuses.
  • Free bets: Vouchers that allow a bet in a certain denomination. You generally cannot divide them, and if you win a bet with one, you receive only your winnings, not the value of the free bet.
  • Risk-free bets: If you lose the qualifying bet, the book will provide a refund in free bets or site credits.

10 quick facts about Colorado sports betting

  1. Colorado legalized sports betting in November 2019.
  2. Legalization required voter approval via referendum due to Colorado’s Taxpayer Bill of Rights.
  3. Colorado sports betting launched in both online and retail formats in May 2020.
  4. All sportsbook apps must be partnered with casinos located in Colorado.
  5. You must be 21 or older to bet on sports in the state.
  6. Principal actors in sports — players, referees, coaches, etc. — cannot legally bet on their sports.
  7. You can bet on table tennis and cornhole, but not the Oscars or other awards events.
  8. Colorado does not permit esports betting, nor does it allow betting on high school sports or any event where the majority of participants are younger than 18.
  9. With the exception of sportsbooks at tribal casinos, all retail sportsbooks in Colorado are available in one of three towns — Black Hawk, Central City and Cripple Creek.
  10. Colorado sportsbooks booked more than $5 billion in wagers in their first 18 months.

What to expect at a legal Colorado sports betting site

With so many legal sportsbooks in Colorado, there is no reason to visit illegal offshore sites. The sports betting industry is under the oversight of the Division of Gaming in the Colorado Department of Revenue — Specialized Business Group. The regulator keeps an updated list of every online sportsbook cleared to operate in the state.

Colorado online sportsbooks offer convenience, and regulators have standards in place that work to ensure safety, fairness and security. They are also safer than retail books on a broader level since they don’t require you to navigate the state’s (sometimes) icy and treacherous roads to bet at a retail sportsbook.

Latest Colorado betting news

CO sports betting

Pucking The Trend: Avalanche Big Boost For CO Sports Betting

Hockey has never been a huge betting draw in the US, including the CO sports betting market. All it took was a Stanley Cup run to change that. Colorado sportsbooks handled $127.3 million in hockey bets during the Colorado Avalanche‘s 2022 Stanley Cup-winning postseason, according to a spokesperson for the Colorado Limited Gaming Control Commission […] Read More
Posted on: July 8, 2022 | Sports Betting | Matthew Waters

Century CEO: Bet365 Sets New Target Date For Colorado Launch

Bet365 is waiting at least another couple of months before launching in its second US state, according to its partner. Century Casinos Co-CEO Peter Hoetzinger confirmed to LSR the previously reported second-quarter launch window for bet365 will be missed: “The new launch date is, most likely, Sep 1st.” That means one of the largest sportsbooks […] Read More
Posted on: June 27, 2022 | Sports Betting | Matthew Waters

Colorado sports betting law and regulations

The Colorado General Assembly approved statewide sports betting in May 2019, but the vote essentially moved the final decision to voters in November. A voter-approved constitutional amendment requires that any legislative vote to raise taxes go to the ballot for approval. HB 1327 was signed by Gov. Jared Polis, approved by voters and became law. It includes the following core tenets:

  • The state licenses sportsbooks that partner with casinos in the state.
  • Betting can take place both online and at physical sportsbooks.
  • The state taxes Colorado sportsbooks at a rate of 10%.

Additionally, the law creates three types of licenses:

  • Master license — reserved for the state’s 33 casinos
  • Sports betting operator — land-based retail sportsbook operator
  • Internet sports betting operator — one online skin per casino

Each of Colorado’s 33 casinos can apply for a master license. There is a $10,000 initial nonrefundable fee, followed by a two-year $125,000 licensing fee. An approved casino then could partner with a land-based sportsbook and an internet sportsbook (or use the same partner for both) and utilize one online platform.

Full list of legal Colorado sports betting apps

There are 26 legal sports betting apps active in Colorado as of 2022:

  1. Bally Bet
  2. Barstool Sportsbook
  3. Bet365
  4. Betfred Sports
  5. BetMGM
  6. BetMonarch
  7. BetRivers
  8. BetSafe
  9. Betway
  10. BetWildwood (ISI)
  11. Caesars Sports
  12. Circa Sports
  13. DraftKings Sportsbook
  14. Elite Sportsbook
  15. FanDuel Sportsbook
  16. FOX Bet
  17. MaximBet
  18. Play Maverick Sports
  19. PlayUp
  20. PointsBet
  21. SBK
  22. SI Sportsbook
  23. Sky Ute Sportsbook
  24. SuperBook
  25. Tipico Sportsbook
  26. WynnBET

Colorado is similar to many states in that it has one large city that commands most of the sports action. All of the major sports teams that call the Centennial State home are based in and around Denver, and they are popular betting options in the state.

  • NFL: Denver Broncos
  • NBA: Denver Nuggets
  • MLB: Colorado Rockies
  • NHL: Colorado Avalanche
  • MLS: Colorado Rapids

Aside from these big teams in Colorado, there are also major college teams. The Colorado Buffaloes football team is a top draw, as is the gridiron crew at Colorado State. Other options like motorsports, mixed martial arts and rugby are all available to bet on, as well. Table tennis became a popular sport to bet on during the height of the pandemic in 2020 and has remained a cornerstone of CO sportsbooks ever since.

Colorado sports betting history

Colorado sports betting history is relatively short, mostly because the state legalized the activity and went live within a year. In the first year of legal betting, Colorado saw 15 sports betting apps start taking wagers. Here is a timeline of how things have grown:

  • 2019: Colorado begins its push to legalize sports betting at the behest of Rep. Alec Garnett, the House majority leader. Garnett produces a bill in 2019 that narrowly passes both chambers of the Colorado General Assembly on the last day of the session. Due to Colorado’s Taxpayer Bill of Rights, the question of sports betting then has to go before the voters before it can become law. Although the vote on Proposition DD is only 20,000 votes apart, the people of Colorado decide to allow the state’s casinos to offer online and retail sports betting.
  • 2020: Colorado sports betting starts in earnest in May 2020. Both online and retail books open their doors for business, although the COVID-19 pandemic creates an extra set of challenges for in-person wagering. The online expansion continues unabated, however, and 15 online books launch by the end of the year.
  • 2021: Sports betting continues to expand in its first full year of being legal in the state. The number of active sportsbooks nearly doubles. By the time 2022 rolls around, there are 26 sportsbooks doing business in Colorado, including one of the few truly tribal apps, Sky Ute. December 2021’s numbers push the total amount of legal wagering in the state over the $5 billion mark — a gobsmacking figure for roughly 20 months of activity.

Colorado sports betting FAQ

Can I legally bet on sports in Colorado?

Yes. As of May 2020, sports betting is legal in Colorado with all bets placed via authorized and regulated sportsbook apps and operators. The state officially legalized sports betting via a voter referendum in November 2019.

Where can I bet on sports in Colorado?

Of course, with online sports betting, you can wager from anywhere inside the state lines of Colorado. However, if you prefer to experience sports betting in-person, there are several retail sportsbook locations:

  • Ameristar Casino Black Hawk
  • BetWildwood (ISI)
  • Billy’s Casino
  • Colorado Grande
  • Golden Mardi Gras Casino
  • Grand Z Casino
  • Isle of Capri Casino
  • Johnny Nolon’s
  • Johnny Z’s Casino
  • Lady Luck Casino
  • Monarch Casino Blackhawk
  • Red Dolly Casino
  • Saratoga Casino
  • Sasquatch Casino
  • The Lodge Casino at Black Hawk
  • Wild Card Casino
  • Z Casino

Is BetOnline legal in Colorado?

No. BetOnline is not a legal sportsbook in Colorado. Because it is based outside of the US, BetOnline does not comply with Colorado or US laws, restrictions or business regulations. With so many legal betting options in the Centennial State that are legal, they far outweigh the risk of betting overseas.

What is the minimum age to bet on sports in Colorado?

You need to be 21 or older to place a sports wager in Colorado, either online or in-person.

Do I have to be a resident of Colorado to bet on sports?

Not at all. The only requirements are that you are 21 or older and inside state lines. Be aware, however, that you will have to verify your location with your mobile device or computer before you will be able to wager.

Is horse betting legal in Colorado?

Yes. Colorado is home to a single facility that offers live horse racing. Bally’s Arapahoe Park in Aurora is both a thoroughbred racetrack and a simulcast facility. Live racing and betting are available during August, September and October each year. In addition, there are 10 standalone off-track betting locations scattered around the state. Finally, online horse betting sites like TVG can legally accept wagers from Coloradans.

Is DFS legal in Colorado?

Yes. Daily fantasy sports contests are legal in Colorado. The state legalized them in 2016. You can play on FanDuel, DraftKings or any other licensed DFS site in the state as long as you are 18 or older.

List of Colorado resources

If you want more details about sports betting and other gambling in Colorado, please see the links below. These agencies and businesses are the best resources for more in-depth information about the various subjects related to sports betting in the state.

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