Colorado Sports Betting： Best Colorado Sportsbooks 2024!

Best Colorado Sportsbooks

Colorado sports betting is available through many of the top online CO betting sites, including household names such as DraftKings, FanDuel, and BetRivers. Colorado sports bettors can expect not just industry leaders, but new and local CO betting sites ones as well.

Colorado’s industry-friendly sports betting law (10% tax rate, low fees, all Colorado casinos eligible to apply for a sports betting license) ensures a competitive marketplace. Bettors can currently choose between two dozen Colorado sports betting sites.

Caesars Colorado

Iconic gambling name is aggressively expanding its digital presence. Recently completed purchase of global sports betting operator William Hill and is rebranding those sportsbooks to Caesars. Offers Colorado bettors a bet $50, get $250 in bonus bets.

DraftKings Colorado

DraftKings has labeled Colorado as one of its top priorities as it looks to establish a leading foothold in the state. It’s been regarded as a favorite due to its ease of use, speed and bonuses, and its vast array of betting options. Sign up for DraftKings Colorado and receive a $150 in bonus bets.

BetMGM Colorado

BetMGM Colorado betting site has been aggressively expanding and has drawn praise for bring easy to use and navigate. It offers lines on all major sports and features include an early cash-out option that allows players to settle bets before a game ends, plus odds boosts and overtime insurance.

FanDuel Colorado

Among the leading online sportsbooks and daily fantasy sports operators in Colorado and the nation. FanDuel Colorado offers CO bettors a $1,000 No Sweat First Bet. Fanduel CO has plenty of deposit options and fast payouts. Partnered in 2020 with the Denver Broncos, who became the first NFL team to have an official sports betting partner.

BetRivers

A flagship Pennsylvania entity, BetRivers has become a major player in the national scene with bonuses and daily promotions. It's desktop site is very user-friendly, but it's mobile version has lagged the competition.

PointsBet Colorado

The global PointsBet Colorado sportsbook, powerhouse with roots in Australia offers a unique PointsBetting system, in which players can win or lose more than original wager based on how right or wrong the wager is. Sign up with PointsBet Colorado to take advantage of 5 Second Chance Bonus Bets Up To $50 Each.

FOX Bet Colorado

FOX Sports is a major online player in multiple states now, offering sports betting promotions that include cash-out option and odds boosts on games designated by Fox Sports personalities. Check FOX Bet Colorado betting site for the full list of offers.

WynnBET Colorado

Digital gaming division of Wynn Resorts is national sports betting partner of NASCAR. Colorado was the second state in which the WynnBET launched. WynnBET is now available lots of states and in the process of integrating its Wynn Rewards loyalty program into all of its online wagering platforms.

Tipico Colorado

European operator went live in Colorado in August 2021, the second U.S. market for Tipico, which launched in New Jersey in December 2020. Recently announced partnership with USA Today-owned Gannett, which will publish Tipico’s Colorado sportsbook and odds on many of its content platforms.

MaximBet Colorado

Formerly known as SportsBetting.com, the sports wagering operator owned by the Carousel Group is in the process of rebranding to MaximBet. Colorado bettors are offered a free $1,000 on your first four deposits that come with a 1x playthrough requirement, one of the least restrictive bonuses in the industry.

Sports Illustrated Colorado

888 Holdings decided to convert 888sport in Colorado and launch in the state as Sports Illustrated Sportsbook. SI Sportsbook is offering new Colorado users an amazing Bet $10 Get $50 in Free Bets, using the promo code BOOKIES100. All you have to do is place a bet on odds of -200 or better after joining and making your first deposit.

New Sportsbook Colorado

BetFred Colorado

Sports betting partner of the Colorado Rockies and Denver Broncos offers Colorado bettors a Bet $50, Get $250 in Free Bets welcome offer. Betfred has additional promotions exclusively for BetFred Colorado users. Longtime European-based sportsbook is currently available in four U.S. states and poised for further expansion.

ESPN BET Colorado

The most recent addition to the Colorado sports betting circle, ESPN BET Colorado were launched in November 14, 2023 in Colorado, it offers a bet anything, get $250 in bonus bets immediately to all new customers.

Types of Promotions Offered at Colorado Sports Betting Sites

With several Colorado betting sites available and many more to come, there is plenty of competition for your sports betting business. Nearly all Colorado sports betting sites offer some form of sportsbook promotions in Colorado, especially to first-time customers.

Below are the most common types of Colorado sportsbook promos offered:

💵 First-time deposit: The most-popular for new customers. After you make an initial deposit, the operator will add a full or partial amount of your deposit, immediately adding to your bankroll. The amount often must be wagered within a certain timeframe. Some Colorado sportsbooks may offer reload bonuses for existing accounts. Check the terms and conditions.

💵 Loyalty programs: Rewards programs are mainstream at this point, offering perks for regular bettors. That can include anything from cash to travel and hotel perks, and more.

💵 Risk-free bet: Also a popular one for new Colorado sports betting accounts. After signing up, the first bet you make is a no-risk proposition – if you lose, the Colorado betting site reimburses your account.

💵 Odds boost: Odds boosts are growing in popularity among the biggest US sports betting sites, offering bigger odds than usual on specific teams. If the Colorado Rockies are at +200 in a game against the Los Angeles Dodgers, for example, CO betting sites may boost the odds to +250 for Rockies bettors.

💵 Parlay insurance: If you play a four-team parlay, you can place insurance on it that will get your bet refunded if it fails to hit. Typically, three of your teams must hit and big favorites are excluded.

Types of Sports Bets Offered at Colorado Betting Sites

Teams are favored to win by a certain a number of points or goals. Bettors can choose the favorite or underdog with their respective betting odds. The spread evens the odds so both teams offer the same risk. This is the most-popular type of bet for football and basketball games.

Betting on a team to win a game, straight up, based on odds set by the Colorado sportsbook. There is no point spread, and odds are skewed based on which team is favored. If the Nuggets at -150 favorites against the Suns, it would take a $150 wager to win $100 in profit on a Denver win. Phoenix, the underdog at +130, would require a $100 risk to win $130 in profit. This is the most-common wager type for MLB and NHL betting.

Also known as the total, this involves wagering on the amount of points or goals scored in a game. You pick either Over or Under the line.

Parlay bets involve one wager on multiple games picked. All selections must win to cash the bet. The more teams in the parlay, the higher the odds and potential payout. A three-team parlay with odds at -110 typically will pay close to +600, a four-teamer offers odds closer to +1200 (a $100 winning bet would net $1,200 in profit).

Futures: A wager on a team or player, with the results to be determined at a later date. Examples of futures bets are wagering on a team to win the Super Bowl before or during the NFL season, or a golfer to win the Masters before the tournament starts.

Teasers: Teaser wagers allow the bettor to adjust the point spread in a game in exchange for reduced odds. Teaser bets are often used in parlays. For example, the Denver Broncos are 7-point favorites over the Los Angeles Chargers. In a 6-point teaser, the bettor could select the Broncos -1 or the Chargers +13. The reduced odds depend on how many points are teased.

Round Robin: Similar to a parlay bet, but not all your selections have to win. For example, if you pick three MLB teams to win on a given night, you create three separate two-team parlays. The round robin bets offers less risk and less reward than traditional parlays.

In-game: Wagers placed as a game is happening. Live betting, as it’s also referred, offers a wide range of options, from real time prop bets on players to point spread changes, to how many runs will be scored in an inning of an MLB game. Online Colorado sportsbooks use computer algorithms to set in-game wagering odds and the action moves quickly.

Prop Bet: A prop bet is wagering on something occurring during a game that is not tied to the result of the contest itself. An example of a player prop that a Colorado sports betting site might offer is: Over/Under on LeBron James points in a game. A team prop bet could be something as simple as which team scores first in Sunday’s game between the Chiefs and Broncos.

What Sports Leagues Can I Bet on at Colorado Betting Sites?

Colorado Sports betting is allowed for every major professional and college sport in the country and beyond, meaning there is plenty for sports fans to wager on. The sports offered at Colorado betting sites are:

🏈 Football	NFL, NCAA
🏀 Basketball	NBA, NCAAB, Euroleague
⚾ Baseball	MLB
🏒 Hockey
⚽ Soccer	MLS, European Premier Leagues, Champions League, others
⛳ Golf	PGA Tour, LPGA Tour, European PGA Tour
🎾 Tennis	ATP, WTA, others
🏎️ Motorsports	NASCAR, Formula 1, others
🥊 Combat Sports

Live betting and prop bets are prohibited on college sports in Colorado. Bettors, however, may place game wagers on the Colorado Buffaloes and Colorado State Rams games. All the pro teams in the state – the Denver Broncos, Denver Nuggets, Colorado Rockies, Colorado Avalanche and Colorado Rapids – offer no betting limitations.

Colorado Major Sports Events to Bet on during 2023

Colorado has teams in all the major pro leagues and several major sports betting events to wager on. Betting is permitted on college sports in Colorado, including games involving state-based teams.

🏟️ Super Bowl: The No. 1 sports-betting event in the world and in Colorado. According to multiple reports, Texas millionaire Jim "Mattress Mack" McIngvale flew to Colorado Springs the week of the 2021 NFL Super Bowl and placed a $3.46 million bet on his phone on the Tampa Bay Buccaneers (+3.5) vs. the Kansas City Chiefs. The Bucs won outright and McIngvale’s winning bet netted him $6.2 million.

🏟️ NBA Finals: With the Denver Nuggets among the top NBA contenders, the NBA Finals are a significant betting event in Colorado. In fact, pro basketball was the No. 1 sport in betting handle in Colorado every month from January through the NBA Finals in June 2021.

🏟️ MLB season, World Series: Colorado's sportsbooks took in more wagering dollars on MLB than any other sport except basketball from April-June 2021. The MLB playoffs and World Series are traditionally major events to bet on in Colorado.

🏟️ NCAA Tournament: The annual "March Madness" college basketball tournament is a giant betting event across the U.S. betting sites and Colorado each spring. Denver hosted an NCAA Tournament West Regional in 2021 and will host first and second-round games in 2023 and 2025.

🏟️ Table Tennis: Sounds crazy, but it isn’t. Table tennis gained an audience during the COVID-19 shutdown in 2020, but wagering on the international niche sport continues to thrive in Colorado. For each of the first six months of 2021, Colorado sportsbooks handled more money on table tennis than golf, motorsports or MMA, according to Colorado Division of Gaming wagering figures.

Signing Up Process at Colorado Sportsbooks

Once you’ve decided which Colorado sportsbook you’d like to access, creating an sports betting account is simple.

The first step is registration. You will be asked to provide your name, date of birth, address, email, phone number and the last four digits of your Social Security number. That is required to verify that you are at least 21, the minimum age to wager in Colorado. Some players may be asked for their entire SSN.

All Colorado online sportsbooks use geolocation technology to determine where you are betting from. You don’t have to be a resident of Colorado to bet on sports, but you do have to be within the state borders.

Once you’ve created an Colorado sportsbook account, choose a funding option. Once funds are deposited, you are ready for action.

If you experience any sign-up issues or have questions, CO online sportsbooks offer customer support information on their Colorado betting sites with phone, email or chat options widely available.

Features of Colorado Betting Sites

There will be a common thread through all the best Colorado betting sites: top-of-line features that keep existing customers happy and coming back to the site. These features go above and beyond the ongoing promotions and typically include the following:

✔️ User-Friendly Interface: It should be easy for bettors to navigate around an operator’s betting site and find what they need, whether it be a betting market, FAQs, banking options, whatever. You should work hard on the quality of your wagers, not on how to make them.

✔️ List of Betting Odds: Lines should be easy to find and well organized, and all boosts should be transparent (i.e., preboosted odds should be shown). Top leagues and top markets should be front-and-center on a site.

✔️ Live Betting/Live Streaming: Any Colorado sports betting site worth its salt should have a strong live betting section that is displayed prominently on its site. In-play wagering continues to grow in popularity and keeps bettors on site. Hand-in-hand with live betting is live streaming - it’s hard to bet on action if you can’t see it. Top Colorado betting sites will allow you to stream action.

Colorado Betting Sites Payment Options

Online Colorado sportsbooks don’t all have the same options. Nearly all of them accept Play+, credit and debit cards, e-checks and prepaid cards. PayPal, Neteller and other e-wallets are often accepted and avoid bank fees that some credit and debit cards are saddled with.

Withdrawals are sometimes less immediate, depending on your method. Casino cards and PayPal offer immediate withdrawal, while e-checks could take 1-5 days or more.

Some Colorado betting sites may require verification (such as a driver’s license) before processing withdrawals. Some will not process withdrawals back to credit/debit cards. Whichever withdrawal method you end up going with, the funds are secure in your Colorado online sportsbook if you wagered on a site licensed by the state’s Colorado Division of Gaming.

Play+: was created for accounts at online casinos and sportsbooks. It’s a virtual prepaid card that can be funded online by credit card or bank account to make instant deposits and cash out while playing online. Most Colorado online sportsbooks allow you to apply from the account page. You can withdraw winnings from participating ATMs.

PayPal: The most popular e-wallet in the U.S., PayPal allows you to transfer funds from your PayPal account to an online sportsbook account. Setting up a PayPal account is simple and can be funded with a credit/debit card.

Credit cards/Debit cards: Nearly all Colorado online sportsbooks say they accept debit and credit cards, but not all cards will allow transactions with online casinos and sportsbooks. Even if legal in your jurisdiction, some banks and financial institutions incorrectly flag the payments. When they do work, funds immediately transfer to quick play. Some credit and debit cards may also add fees, treating the transaction as a cash advance.

Bank transfer/ACH: Transfers allow the Colorado sportsbook to establish a direct connection with a player’s checking account, creating an immediate transaction. This practice is widely accepted and allows for an easy reload of your account if necessary.

E-wallets: Online accounts that secure bank or credit card information, allowing easy deposits at CO online sportsbooks. Several e-wallet options are available – PayPal and Neteller are popular examples of an e-wallet.

PayNearMe: A deposit action in which no bank account is needed. Players can fund their account with cash at 7-Elevens, CVS pharmacies and Family Dollar stores.

How We Pick the Best Colorado Betting Sites

Bookies.com uses a variety of criteria to determine the highest quality Colorado betting sites. Among the factors we consider in each review:

➡️ Safety & Security: You want to be sure your money is going to be deposited into a safe and secure account. Bookies.com exclusively recommends licensed Colorado sports betting sites. If you wager with a licensed Colorado sportsbook on our list, your account and balance are secure.

➡️ Payment options: All licensed sportsbooks in Colorado offer a variety of banking options to open and fund your account, including Play+, credit/debit cards; bank transfer/electronic check; PayPal; PayNearMe; or cash at the Colorado casino cage that is partnered with your online sportsbook. Withdrawal methods are often similar but can vary by site.

➡️ Signup bonuses: Just about every online Colorado sportsbook offers online bonuses and promotions, especially for new customers. Examples of these promotions include welcome bonuses, a free bet or deposit match up to a specific amount – sometimes as much as $500 or more. We check out all the terms and conditions to make sure they are fair.

➡️ Site navigation: No two Colorado sports betting sites look the same. Two sites may offer the same bets, but a good user interface lessens confusion and possible accidental bets. Sports bettors have several Colorado sports betting apps to choose from, but no two are the same. Each has its own software, layout and graphics.

➡️ Odds and wagering options: Odds fluctuate from site to site depending on betting action. Every Colorado online sportsbook site offers NBA game lines. But not all of them have player props and live betting. You may not want to pick a side against the spread when the Denver Nuggets play host to the Los Angeles Lakers, but it might be enticing to take the Under on total points for LeBron James. Be certain the site you’re looking to sign up for has the options you want. Some sites also have more offerings of in-game (live betting) wagering opportunities. For now, prop bets and live betting on college sports are prohibited in Colorado.

Is Online Sports Betting Legal in Colorado?

Yes. Colorado voters approved online and in-person sports betting during a referendum in 2019. Colorado sports betting went live on May 1, 2020, with BetMGM, DraftKings and BetRivers the first to launch that day.

Colorado Sports betting is regulated by the Colorado Limited Gaming Control Commission and Colorado Division of Gaming. The Colorado Limited Gaming Control Commission (LGCC) sets regulation on taxes and fees, responsible gaming guidelines, enforces statutes and administers the statewide licensing process. The five-member commission is required by law to meet at least monthly.

Top 5 Colorado Sports Teams to Bet On At Colorado Betting Sites

Denver is one of only 12 U.S. cities to have a team in all four of the major North American sports leagues. The state also has a pro soccer team, the Colorado Rapids, that plays its home games in Commerce City.

Denver Broncos

The three-time Super Bowl champions won back-to-back titles in 1997-98 and claimed their third championship in 2015 with Peyton Manning at quarterback. Recent history has been less successful – five consecutive losing seasons from 2017-2021. The Broncos will look to turn things around come 2022/23.

Denver Nuggets

The future is bright for the Nuggets, who are still seeking their first NBA title. Led by Nikola Jokic, the Nuggets have advanced to at the Western Conference semifinals or finals each of the past three of four seasons. Jokic, a 6-foot-11 center, averaged 26 points, 11 rebounds and 8 assists per game in 2020-21, and was voted the league’s Most Valuable Player.

Colorado Rockies

Began play in 1993 as a MLB expansion team and won their lone National League pennant in 2007 before losing the World Series. The Rockies have not finished with a winning record since 2018, German Marquez, who pitched for the NL in the 2021 All-Star Game at Coors Field, his home stadium, is a major bright spot.

Colorado Avalanche

The NHL team has won a pair of Stanley Cups in 1996 (first year after relocating to Denver from Quebec) and 2001. The Avalanche, who share Ball Arena with the Denver Nuggets, have reached the Stanley Cup playoffs four consecutive seasons, but failed to advance past the second round.

University of Colorado, Colorado State, Air Force

Colorado sports betting rules allow for wagering on games involving in-state teams. Colorado, Colorado State and Air Force are the most high-profile Division I programs. The Buffaloes athletic department entered into a groundbreaking five-year partnership with sports betting provider PointsBet in 2020.

Why Place Bets At Online Colorado Sportsbooks?

No state better addresses this question than Colorado, where online wagers account for more than 95% of all state sports betting revenue, leaving Colorado retail sportsbooks in the dust.

Most in-person Colorado sports betting is limited to casinos located in less populous mountain towns and two Native American reservations. With online wagering, there is no need to make a long drive to one of those facilities to place a sports bet. Instead, Colorado bettors have access to sports wagering 24/7 from anywhere inside the state by using their mobile device or computer.

In June 2021, for example. Colorado sportsbooks handled $229.7 million in sports wagers. All but $2.6 million was wagered online.

Latest Colorado Online Casino News

There are brick-and-mortar casinos in Colorado but no online operators. Might that change in the future? Bookies.com has you covered, providing all the latest Colorado online casino and gambling news, and we will keep you informed of any changes to the Colorado gambling landscape.

Responsible Gambling For Colorado Sports Betting

Colorado offers several free statewide resources for problem gamblers. The Problem Gambling Coalition of Colorado (problemgamblingcolorado.org) provides Colorado-specific information and offers players a voluntary self-exclusion program from sports betting and casino gambling. Problem Gambling Colorado offers a 24-hour confidential helpline (1-800-522-4700).

Colorado online sportsbooks allow players to set daily, weekly or monthly limits on wagering amounts, deposits and amount of time spent on the site.

Colorado Sports Betting History

📅 1983: Colorado adopts a government-sanctioned lottery.

1991: Colorado approves the most significant gaming expansion in modern state history, allowing casino gambling at the historic mountain communities.

📅 1999: Charitable raffles and bingos are explicitly legalized by the state.

📅 2005: Real money online casino gaming is deemed illegal. Colorado is one of the earlier jurisdictions to rule against online gaming authorization, years before a federal crackdown begins following passage of the Unlawful Internet Gaming Enforcement Act.

📅 2008: A resolution to expand offerings at the casinos in Black Hawk, Cripple Creek and Central City is approved by voters, extending casino hours and wagering limits.

📅 2014: Expanded casino gaming is rejected by Colorado voters in one of the costliest proposition battles in state history. It reaffirms residents’ general aversion to most forms of gambling outside the historic gaming communities.

📅 2019: Voters narrowly approve Proposition DD, which legalizes sports gambling and permits the state’s historic mining town casinos to offer in-person and online sportsbooks.

📅 2020: The first online sportsbooks in Colorado open on May 1. DraftKings, FanDuel, BetMGM and BetRivers offer the first betting sites to accept bets locally.

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