7 Best Sports Betting Sites in Colorado
Colorado has become a bustling hub for sports betting enthusiasts since the legalization of this thrilling activity in May 2020. The Centennial State now boasts access to an impressive variety of online and retail sportsbooks, allowing both residents and visitors to place wagers on their favorite teams within state boundaries. With regulatory oversight by the Colorado Limited Gaming Control Commission and the Colorado Division of Gaming, bettors can feel confident in the security and integrity of their wagers.
Navigating the landscape of Colorado sports betting may seem overwhelming at first, but the plethora of licensed operators ensures that there’s something for everyone. The state has authorized more than 25 top-tier sports betting sites, providing bettors with a wide range of options, lucrative bonuses, and exciting promotions to maximize their gambling experiences. Whether you’re a seasoned sports bettor or a newcomer to the arena, Colorado offers a diverse and exciting world of sports betting opportunities.
As the industry continues to grow and evolve, bettors are encouraged to stay updated on the latest developments in Colorado’s sports betting scene. From new operator launches to updates in licensing requirements, keeping a finger on the pulse of the market will ensure that you’re always informed and prepared to make the best betting decisions. With a wealth of information and resources at your fingertips, engaging in Colorado sports betting can be a fun, rewarding, and secure experience.
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5 Best Sports Betting Sites in Colorado Reviewed
When it comes to sports betting in Colorado, there are plenty of options available for bettors. Here, we will review seven of the top sportsbooks in the state, covering aspects like promotions, mobile apps, and betting markets. This will help you decide which sportsbook suits you best.
BetMGM is licensed to offer its sports betting services in Colorado, and bettors have access to major North American leagues and collegiate sports. Residents of Colorado can download the reliable BetMGM app, a handy tool for in-play betting on over 20 sports, and depositing funds through secure payment methods.
BetMGM is not short-changing Colorado players in the bonus department, providing competitive promotions such as a tempting $1,000 in Bonus Bets, packed as a welcome deal.
- Established U.S. sportsbook
- Live streaming of sports events
- Player-friendly wagering requirements
- Renown banking methods
- Outdated design of the desktop version
- Long payouts procedures
Caesars Sportsbook inspires confidence in Colorado bettors by partnering with popular leagues and celebrities. However, the ultimate seal of approval stems from the gambling license issued by the proper authorities in Colorado, ensuring a safe online gambling experience.
Players from Colorado can start betting on their preferred sports with a boost from the operator, packed as a 100% match up to $1,250 as Bet Credit. The bonus bets are eligible for wagering on 20 sports and hundreds of domestic and international competitions.
- Live streaming of sports matches
- Micro-betting options
- SGP bonuses
- Multi-tier VIP club
- A limited selection of niche sports
- Cumbersome design
DraftKings is licensed to operate in Colorado and is the official partner of the NFL, NHL, NBA, PGA Tour, and UFC. In total, 24 different sports are on the menu in Colorado, with hundreds of leagues. Aside from traditional sports, DraftKings also offers DFS betting in Colorado.
Registered members receive a free sportsbook app. Plus, loyalty gets rewarded with access to the Dynasty VIP Club, where exclusive bonuses and invites to special events await bettors from [state].
- First deposit match-up bonus of up to $1,000
- No fees
- Latest SSL encryption
- Reliable payment providers
- A payout can take up to 5 days
- Customer support needs improvement
BetRivers is a trusted sportsbook in Colorado, providing a substantial portfolio of sports betting markets. Colorado bettors can wager on over 25 sports, with the NFL, NBA, MLB, NCAA, and HNL receiving preferential coverage. The odds are, without a doubt, some of the best on the market, especially among rivaling sportsbook operators in Colorado. The same applies to its competitive bonus offer. BetRivers’ trump card is the 100% match up to $500 as a Second Chance Free Bet.
- Wide range of betting markets
- In-play bets
- Same-game parlays
- Streamlined app
- A limited selection of payment methods
- Live chat agents do not connect immediately
FanDuel makes Colorado one of its bases in an ever-expanding network of sportsbooks. Residents of Colorado can legally open an account and wager on any of the over 20 traditional sports betting markets or indulge in daily sports fantasy betting, a FanDuel specialty.
This signup offer is consistent across all US states, and bettors in Colorado can snag a Risk-Free bet of up to $1,000. The minimum qualifying wager is $10. FanDuel is one of the most reliable Colorado sportsbooks.
- Plenty secondary sports markets
- Generous welcome bonus
- Boosted odds
- Responsive mobile apps
- Lack of a rewards program
- Live chat response is slow
In summary, these seven sportsbooks offer a diverse range of features, promotions, and betting options. Bettors in Colorado have plenty of choices when it comes to online sports betting, ensuring they can find the perfect sportsbook to suit their needs. Always remember to gamble responsibly and be aware of the risks.
How We Rate Betting Sites
Banking and Payout Speed
When evaluating Colorado sports betting sites, we prioritize the efficiency and variety of banking options available. We consider factors such as the speed of deposits and withdrawals, the fees charged, and the range of payment methods accepted. Moreover, we assess the payout speed and ensure that bettors have a smooth and painless withdrawal experience.
Our assessment also includes examining the key features offered by the CO sports betting sites. We focus on the availability of live betting, streaming services, and user-friendly interfaces that enhance the overall betting experience.
Security, Safety & Customer Support
We scrutinize the security measures implemented by the sportsbooks to ensure bettors’ personal and financial data is protected. This includes checking if the website has SSL encryption and a provably fair system in place. Additionally, we evaluate their customer support services, such as availability, response time, and the range of channels through which bettors can seek assistance.
Customer support is crucial for resolving any issues or concerns bettors may have. We rate sportsbooks based on their customer support quality by considering live chat availability, email response times, and the effectiveness of their help centers.
Range of Sports
The range of sports offered by Colorado sports betting sites is another crucial factor we analyze. We examine whether bettors have access to popular sports like football, basketball, and hockey, as well as niche ones like esports and darts. A wider range of sports means a more diverse and satisfying betting experience.
Bonuses and Promotions
CO online sports bettors appreciate attractive bonuses and promotions. We evaluate bonuses, including welcome offers, free bets, and deposit bonuses, alongside ongoing promotions such as loyalty programs and special event offers. A top-rated sportsbook offers attractive benefits that cater to both new and existing players.
Competitive odds are essential for bettors to maximize their profits. We compare the odds provided by Colorado sports betting sites with industry averages to determine their competitiveness.
Tips for Choosing the Best Sportsbook in Colorado
When it comes to sports betting in Colorado, there are numerous options to choose from. Here are some tips to help you select the best sportsbook for your needs.
Firstly, consider the offered odds. Some of the top sportsbooks in Colorado include Bet365, PointsBet, DraftKings Sportsbook, Caesars Sportsbook, FanDuel Sportsbook, BetRivers, and BetMGM. These platforms consistently offer competitive odds that provide the best value for your bets. Compare these top options to find the most suitable for your betting style.
Next, take a look at the promotions they offer. Many sportsbooks provide incentives to attract new customers and retain existing ones. Some common promotions include free bets, deposit bonuses, and cashback offers. The best Colorado sports betting apps often provide generous promotions, giving you a chance to maximize your earnings when you place bets.
Mobile sports betting is a crucial aspect. Ensure that the sportsbook you choose provides a user-friendly mobile betting experience. This includes a well-designed app or mobile-optimized website, allowing you to bet on-the-go with ease. Almost all top Colorado sportsbooks provide mobile betting platforms, but their quality and user experience may vary.
Finally, consider customer support and reliability. Look for sportsbooks with responsive customer service channels, such as live chat, email, and phone. Moreover, check for user reviews and rankings of these sportsbooks. This can give you an idea of how trustworthy and reliable the platform is, ensuring a smooth and enjoyable betting experience.
By keeping these factors in mind, you will be well-equipped to find the perfect sportsbook for your Colorado sports betting adventures.
Is Sports Betting Legal in Colorado?
Yes, sports betting is legal in Colorado. The state legalized sports betting on May 1, 2020, allowing bets to be placed with authorized, legal sportsbooks and operators. Both online and retail sports betting is available within the borders of Colorado, providing various platforms for bettors to place their wagers. You can find licensed operators on the Colorado Division of Gaming’s list.
The legalization of sports betting in Colorado came as a result of the reversal of the Professional and Amateur Sports Protection Act of 1992 (PASPA) in 2018. Since then, the industry has seen significant growth in the state. Colorado’s sports betting rules and regulations are overseen by the Colorado Limited Gaming Control Commission and the Division of Gaming. These entities are responsible for reviewing and implementing any proposed changes to the gaming and sports betting rules in the state source.
When participating in sports betting in Colorado, bettors can choose from an array of licensed online sportsbooks that have partnered with state casinos. These platforms allow residents and visitors to place bets on various professional and amateur sports events, either from their desktop or mobile devices, while within state borders.
In summary, sports betting is legal in Colorado, providing residents and visitors various opportunities to engage in online and retail betting on their favorite sports events. The state constantly monitors and regulates this industry to ensure a safe and fair betting environment.
Who Regulates Sports Betting in Colorado?
The primary authority regulating sports betting in Colorado is the Colorado Division of Gaming. This regulatory body is responsible for overseeing legalized sports betting within the state, ensuring all activities adhere to the necessary rules and regulations. The Colorado Limited Gaming Control Commission, another critical entity, assists the Division of Gaming in fulfilling their statutory duties.
colorado division of gaming regulations outline a set of rules governing sports betting, covering various aspects of the industry. These regulations include:
- Sports Betting Rule 1: General Rules and Regulations
- Sports Betting Rule 2: Powers and Duties of Commission and Director
- Sports Betting Rule 3: Applications, Investigations and Licensure
- Sports Betting Rule 4: Taxes and Fees
- Sports Betting Rule 5: Authorized Sports Betting Activities
- Sports Betting Rule 6: Rights and Duties of Licensees
Sports betting was legalized in Colorado after the passage of House Bill 19-1327 and voter approval of Proposition DD during the November 2019 Election. Legalized sports betting began in May 2020, both onsite at casinos in Colorado’s three gaming towns and online through licensed operators.
To operate legally, all sports betting licensees must comply with the rules and regulations set forth by the division of gaming. The application process, licensing conditions, and all related requirements are thoroughly detailed within the regulatory framework, ensuring the protection of both consumers and the integrity of the sports betting industry within Colorado.
What are the Colorado Sports Betting Laws in 2023?
In 2023, Colorado has a well-established legal framework for sports betting. The regulatory body responsible for overseeing this industry is the Department of Revenue’s Sports Betting Division. They enforce the rules and regulations governing authorized sports betting in the Centennial state. These rules are updated continually, with the most recent amendments made on February 14, 2023.
Colorado legalized sports betting after the passage of House Bill 19-1327 and voter approval of Proposition DD in November 2019. The state legalized sports betting in May 2020, for both on-site at casinos in Colorado’s three gaming towns and online through licensed operators. Sports betting in Colorado is taxed at a rate of 10 percent.
In 2023, Colorado residents and visitors can take advantage of various online sportsbooks. These sportsbooks offer a range of betting options on both professional and collegiate sports events. Some of the most popular sports available for betting include football, basketball, baseball, hockey, soccer, and more.
The legislation allows for the following types of bets:
- Point spread
- Totals (over/under)
- Proposition bets (props)
- Live/in-play betting
Colorado’s sports betting market has surged since its inception, with the state’s sports betting handle surpassing $5 billion since its launch. This growth highlights the enthusiasm of Colorado bettors and the success of the state’s regulated market.
What is the Future of Sports Betting in Colorado?
The future of sports betting in Colorado looks promising, as the market has seen impressive revenue growth since its legalization in May 2020. Within just a year, Colorado collected more than $6.6 million in tax revenue. The Colorado Division of Gaming reports that the state experienced a consistent increase in the total handle, surpassing $2 billion by the end of 2021.
With the market showing no signs of slowing down, last January, Colorado sportsbooks secured $35.4 million in revenue, with $2.6 million going to the state. The increasing demand for sports betting, both online and in-person, has led to a thriving industry, with several licensed sportsbooks now available to bettors in the state.
Innovations in the Colorado sports betting market are expected to make it even more profitable and secure in the coming years. The integration of advanced technologies, such as artificial intelligence and high-speed data processing, will enable sportsbooks to offer a seamless and personalized betting experience.
As Colorado sports betting continues to grow, regulations and oversight will also likely evolve to protect consumers and ensure fair competition among operators. This growth highlights the potential for the Colorado sports betting market, setting the stage for a flourishing industry in the years ahead.
So whether you are a seasoned bettor or a casual sports fan, expect great things from the future of sports betting in Colorado as the industry continues to innovate and expand.
List of Recent Legal Colorado Updates to Sports Betting
In May 2020, Colorado made sports betting legal, making it possible for bettors to place bets with authorized, legal sportsbooks and operators within the state borders. Since then, the industry has grown significantly, with more than 15 retail sportsbooks and over 25 betting apps available for residents and visitors located within the state of Colorado.
Some of the most popular online sports betting apps in Colorado include:
- DraftKings Sportsbook
- FanDuel Sportsbook
The Colorado Division of Gaming and the Colorado Limited Gaming Control Commission are the statutory authorities overseeing the regulation of legalized sports betting in the state2. Here’s a table summarizing the sports betting license types:
|Master License||Allows an establishment to operate retail sportsbooks and partner with a sports betting operator for online wagering.|
|Operator License||Permits a company to offer online sports betting in partnership with a master licensee.|
|Internet Sports Betting License||Allows a provider to facilitate sports betting on behalf of a licensed operator.|
|Vendor License||For companies that provide services related to sports betting and are not operators or providers.|
As a result of the legal changes, sports betting enthusiasts can now participate in Colorado’s legal, state-regulated sports betting markets with countless opportunities for placing bets on different sporting events.
Professional State Sports Teams to Bet on Compared in a Table
Colorado sports betting enthusiasts have a variety of professional teams to bet on within the state. Notably, four popular teams make the scene quite interesting for both casual and serious bettors.
The Denver Broncos, an NFL team, is favored by many fans who are into sports betting in Colorado. Their history of Super Bowl appearances and wins elevates their profile and makes them an appealing team to follow and bet on.
The NBA’s team, the Denver Nuggets, has gained a reputation as an exciting and fast-paced team. Coloradans who enjoy basketball likely find themselves rooting for and placing bets on the Nuggets. A solid group of talented players makes them a competitive team and a reasonable option for placing wagers.
|Team||League||Notable Wins / Highlights|
|Denver Broncos||NFL||3x Super Bowl Champions, Multiple AFC Championship Titles|
|Denver Nuggets||NBA||Division Titles, Playoff Appearances, Western Conference Finals|
|Colorado Rockies||MLB||National League Pennants, Postseason Appearances|
The MLB’s Colorado Rockies is another well-liked team in the state. Despite facing challenges in terms of playoff appearances and wins, the Rockies always offer a thrilling season for their fans. Bettors find ample opportunities throughout the season to make informed wagers on the Rockies’ performance.
Seasoned sports bettors in Colorado should always look out for changes in team dynamics, management, and other indicators of potential success. Keeping an eye on developments during the regular season and playoffs for these teams will undoubtedly yield more fruitful betting results.
Best Colorado Sports Betting Deposit and Withdrawal Methods
In this section, we will discuss the most popular deposit and withdrawal methods at Colorado online sportsbooks. These methods include Debit Card (Visa / Mastercard), Bank Transfer, PayPal, Digital Wallets (Neteller, Skrill, Trustly), and Cryptocurrency.
Debit Card (Visa / Mastercard)
Debit cards, such as Visa and Mastercard, are widely accepted at most CO sports betting sites. They offer instant deposits and relatively quick withdrawal times, typically within 3-5 business days. To ensure your transactions are secure, these sportsbooks use advanced encryption technologies. Some sports betting sites in Colorado may charge a minor fee for debit card transactions.
Bank transfers, also known as ACH or e-checks, are a reliable and widely accepted method for depositing and withdrawing funds at online sportsbooks in Colorado. Transfers can take 2-5 business days to process, but they are a secure option with no additional fees in most cases. When using bank transfers, make sure to provide accurate information to avoid delays.
PayPal is a popular e-wallet option for deposits and withdrawals at Colorado online sports betting sites. Deposits are typically instant, and withdrawals can take up to 48 hours to process. PayPal is known for its security and user-friendly interface, making it an excellent choice for bettors in the state. However, keep in mind that some sportsbooks might charge a small fee for PayPal transactions.
Digital Wallets (Neteller, Skrill, Trustly)
Other digital wallets, such as Neteller, Skrill, and Trustly, are also frequently used at CO sportsbooks. Deposits are usually instant, while withdrawals can take up to 48 hours to process. These e-wallets offer strong security features, and many bettors appreciate the convenience of not having to share their bank details with sportsbook sites.
Cryptocurrencies, like Bitcoin and Ethereum, offer an innovative deposit and withdrawal method for online sports betting in Colorado. Transactions are fast, secure, and usually come with lower fees. However, not all sportsbooks in the state currently accept cryptocurrencies, so check each site’s policy before using this method.
In summary, there are many options for depositing and withdrawing funds from Colorado online sportsbooks, with various processing times and fees. Be sure to explore different methods and choose the one that suits your individual preferences and needs.
Best Ways to Bet on Sports in Colorado
Sports Betting Platforms in Colorado
There are several licensed sportsbooks operating in Colorado, offering a variety of betting options for sports enthusiasts. Some of the top sportsbooks in the Centennial State include:
- FanDuel – Smoothest app experience
- Sports Illustrated Sportsbook – Credible brand with amazing features
- Caesars Sportsbook – Top rewards program
- DraftKings – Tailored app preferences
These licensed operators follow strict rules and regulations to ensure a fair and safe gambling environment, catering to bettors aged 21 and above.
Sports Betting Apps (Mobile Betting) in Colorado
Mobile betting has become a popular option for Colorado sports fans, with the state offering a variety of sports betting apps. Some well-known options include BetMGM, FanDuel Sportsbook, DraftKings Sportsbook, and Caesars Sportsbook. These apps allow CO residents to place bets on their favorite sports events with ease, whether they’re at home or on-the-go.
Sports Betting Shops in Colorado
While online and mobile betting have gained significant popularity, Colorado also hosts numerous land-based sportsbooks. These traditional betting shops allow bettors to experience the excitement of placing wagers in person. Naturally, these establishments also ensure compliance with Colorado’s betting age requirement of at least 21 years old.
Fantasy Sports in Colorado
Besides sports betting, fantasy sports have also gained traction among Colorado residents. Platforms like DraftKings and FanDuel offer daily fantasy sports contests, where participants can choose their “dream team” and compete against other users. In Colorado, betting on college sports events is allowed, though player propositions are not permitted. Nonetheless, Coloradoans can enjoy betting on their favorite college teams from Rams, Buffs, Falcons, and more.
In conclusion, Colorado sports bettors have various options to experience the thrill of sports wagering, including online platforms, mobile apps, land-based sportsbooks, and fantasy sports contests. Remember to bet responsibly and within legal guidelines.
Best Land-Based Colorado Sportsbooks Compared in a Table
When it comes to Colorado sports betting, there are plenty of options for those who prefer retail sportsbooks. In this section, we’ll compare some of the best land-based sportsbooks in Colorado in a table format to help you make an informed decision.
|Ameristar Casino||Black Hawk||Live betting, luxury casino|
|Monarch Casino||Black Hawk||High-definition screens, bets on various sports|
|Saratoga Casino||Black Hawk||Cozy sports bar atmosphere, HD screens|
|Mardi Gras Casino||Black Hawk||Wide variety of betting options, comfortable seating|
|Twin River Casino||Cripple Creek||Expansive betting menu, high-quality audio-visual equipment|
|Sky Ute Casino||Ignacio||Personalized service, sports betting kiosks|
|Johnny Nolon’s Casino||Cripple Creek||Competitive odds, easy-to-use touch screen kiosks|
Each of these land-based sportsbooks offers a unique experience and various betting options for sports enthusiasts. Ameristar Casino boasts live betting and a luxury gaming environment, whereas Monarch Casino provides an extensive choice of high-definition screens to enhance your viewing experience.
At Saratoga Casino, you can expect a cozy sports bar atmosphere and HD screens for better visibility, whereas Mardi Gras Casino offers a wide range of betting options and comfortable seating. Twin River Casino, on the other hand, provides an expansive betting menu complemented by high-quality audio-visual equipment.
Sky Ute Casino takes pride in offering personalized service and state-of-the-art sports betting kiosks. Lastly, Johnny Nolon’s Casino is known for its competitive odds and user-friendly touch screen betting kiosks.
In conclusion, there are several top-tier retail sportsbooks available in Colorado, each boasting fantastic features, betting options, and amenities to cater to different preferences.
What Bonuses are There in Colorado?
Colorado offers a variety of attractive sportsbook bonuses and promotions, making it an exciting destination for sports bettors. These bonuses aim to entice new users and keep existing customers engaged with various offers.
Caesars Sportsbook has impressive welcome offers for new users, including up to $1,200 in bonuses. To claim this bonus, Colorado bettors must register and deposit funds at the sportsbook. The bonus will be credited directly to their account, so they can experience enhanced odds and exciting wagers on various sports events.
Among the other noteworthy bonus providers in the Centennial State, bet365 has a generous offer for new customers. Players can earn a match in bet credits, up to a predetermined limit, when depositing funds at the platform. For example, if they deposit $50, they will receive $50 in bet credits, up to the platform’s limit. There are terms and conditions that apply, so bettors are encouraged to read the details before claiming the offer.
FanDuel in Colorado is also known for its outstanding promotions. New users can bet $5 on any sport and instantly receive $150 in bonus bets. Moreover, they have other ongoing offers, like same-game parlays and exclusive live streaming for specific events, appealing to a wide range of bettors.
Another popular sportsbook in Colorado is BetMGM, which features a risk-free bet promotion. New users can join, deposit funds, and place their first bet. If their wager loses, they will receive a refund in the form of free credits, up to a specified limit. This offers an added layer of protection for newbies, giving them the confidence to explore a variety of sports and events.
WynnBET also caters to the CO market, providing enticing deposit match bonuses for its customers. Moreover, they maintain an array of sports-specific promotions, rewarding loyal customers and giving them additional betting opportunities.
In summary, Colorado sports bettors have numerous options when it comes to bonuses and promotions. It’s essential to analyze the market and compare offers to find the best fit for your betting preferences. With a bit of research, you can maximize your potential winnings and enjoy an unparalleled betting experience in the Centennial State.
Can I Use Sports Betting Promo Codes in Colorado?
Yes, you can use sports betting promo codes in Colorado. In May 2020, Colorado became the 19th state in the US to legalize online sports betting, allowing sports enthusiasts to wager on their favorite teams using various betting platforms.
Many of these online sports betting platforms offer promo codes and bonuses for both new and returning bettors. These bonuses can range from free bets and risk-free bets to deposit match bonuses. For example, DraftKings Colorado offers a Bet $5, Get $200 in bonus bets promotion for new players.
Colorado has also implemented a low barrier to entry for operators, encouraging healthy competition among sportsbooks. This competitive environment drives the creation of attractive promo codes, benefits, and odds for people placing bets. Additionally, with multiple Colorado sportsbooks and sports betting apps available, bettors have a wide range of options to choose from based on their preferences.
It’s essential to always check the terms and conditions of these promo codes and bonuses. Some may require first-time deposits, minimum odds requirements, or specified playthrough amounts before cashing out the winnings. Be sure to consider these factors when selecting sportsbook promo codes.
In summary, using sports betting promo codes in Colorado is not only possible but highly encouraged, as they can maximize your betting experience and reward your wagers.
Are There Free Sports Betting Sites in Colorado?
In Colorado, sports betting became legal on May 1, 2020, and several online and mobile sportsbooks launched their services in the state. There are numerous sports betting sites available to residents of Colorado, however, none of them are completely free. These betting sites, such as FanDuel Sportsbook, DraftKings Sportsbook, and BetMGM, require users to deposit and bet with real money.
Although there are no completely free sports betting sites in Colorado, users can take advantage of free bets, promotions, and welcome bonuses offered by these operators. For instance, new users can receive a bonus on their initial deposit or a risk-free bet as an incentive to sign up and place their first wagers.
Popular Colorado sportsbooks include:
These operators provide a range of promotions and incentives for users to enjoy the betting experience, including various types of bets, odds boosts, and more. While users must deposit real money to bet on these platforms, the promotions and bonuses offered can add value to the betting process, giving bettors potential opportunities for risk-free wagers and increased chances of winning.
To benefit from these offers, you must be a resident of Colorado and be at least 21 years old. Additionally, online sportsbooks in the state are regulated, ensuring a safe and secure gambling environment for Colorado residents.
Best Colorado Sportsbook Bonuses Compared in a Table
Colorado sports betting has been flourishing with a variety of sportsbooks offering enticing bonuses and promotions. This section will compare some of the top sportsbook bonuses available in Colorado to help you make an informed decision on where to bet. We will focus on key features, such as the bonus amount, promotional offers, and even look at some customer reviews.
|Sportsbook||Bonus Amount||Promotional Offer|
|Caesars Sportsbook||Varies||Best for bettors seeking diverse promotions|
|bet365||Varies||Ideal for experienced bettors|
|FanDuel||Up to $1,000||No Sweat First Bet|
|BetMGM||Varies||Known for competitive odds and a wide range of promotions|
|WynnBET||Varies||Attractive promotions and easy-to-use platform|
|DraftKings||Up to $1,200||Bet $5 Win $150 + $50 Bonus Bet + Up to $1,000 Deposit Bonus|
Caesars Sportsbook is popular for its diverse promotions, whereas bet365 caters to more experienced bettors with its vast range of features. FanDuel offers new users a $1,000 No Sweat First Bet, making it an attractive option for those just starting out in the Colorado sports betting scene.
BetMGM stands out for its competitive odds and various promotions, which may appeal to bettors seeking more incentives. Meanwhile, WynnBET provides a user-friendly betting platform and a range of promotions that can benefit both seasoned and novice bettors.
DraftKings offers an impressive package with its new user promotion: Bet $5, Win $150, and a $50 bonus bet as well as a deposit bonus of up to $1,000. This combination of offers could make DraftKings an appealing choice for punters in the Centennial State.
Remember to always consider your needs and preferences when choosing a sportsbook. By comparing the bonuses and features, you’ll be better equipped to find the perfect fit for your Colorado sports betting experience.
Best New Sportsbooks in Colorado Compared in a Table
Colorado has seen a surge in the number of sportsbooks operating within the state. Some of the best options include Bet365, PointsBet, DraftKings Sportsbook, Caesars Sportsbook, FanDuel Sportsbook, BetRivers, and BetMGM. To make it easier for you to compare and choose the right sportsbook for your betting needs, we have compiled a table showcasing the features and offerings of each sportsbook.
|Sportsbook||Welcome Bonus||Sports Covered||Retail Partner|
|Bet365||Up to $500 in Bet Credits||Extensive Collection||Century Casino|
|PointsBet||Up to $2,000 Risk-Free Bets||Unique Points Betting||Double Eagle Casino|
|DraftKings Sportsbook||Up to $1,000 Deposit Bonus||Wide Range of Sports||Mardi Gras Casino|
|Caesars Sportsbook||Up to $1,200 First Bet Insurance||Popular US & International Sports||Lady Luck Casino|
|FanDuel Sportsbook||Up to $1,000 Risk-Free Bet||Comprehensive Sports Selection||Golden Gates Casino|
|BetRivers||100% Deposit Match up to $250||Diverse Sports Market||J.P. McGill’s Casino|
|BetMGM||Risk-Free Bet up to $600||Various Sports, Leagues, & Events||Midnight Rose Casino|
These sportsbooks offer a variety of betting options, ranging from traditional moneyline and point spread bets to more unique offerings like prop bets and in-play betting. They also provide user-friendly interfaces, mobile apps, and a range of deposit and withdrawal options to cater to different preferences.
When choosing the right sportsbook for your needs in Colorado, consider factors such as the welcome bonuses, available betting markets, and the overall user experience. By comparing the features and offerings of each sportsbook, you can confidently select the best one for you to enjoy a satisfying sports betting experience in the Centennial State.
How to Sign Up to the Best Sports Betting Site in Colorado
In Colorado, online sports betting has grown in popularity, making it essential for bettors to find the best sports betting site to place their wagers. Here’s a step-by-step guide on how to sign up for the best online sportsbooks in Colorado:
- Research options: Before signing up, take the time to explore a variety of online sportsbooks available in Colorado. Top options include DraftKings Sportsbook, Caesars Sportsbook, and others. Compare their offers, rewards programs, and user reviews to make an informed decision.
- Ensure eligibility: Make sure you meet all the requirements for online betting in Colorado. You must be at least 21 years old and physically located within the state (CO) when placing your bets, even if you’re a resident of another state.
- Create an account: Visit the sportsbook’s website or download their mobile app. Complete the registration process by providing the necessary personal information, such as name, address, email, phone number, date of birth, and social security number.
- Verify your identity: To prevent fraudulent activities, most sportsbooks require users to complete a verification process. This may include uploading a photo ID and providing proof of residency or location.
- Claim a bonus or promo code: Many sports betting sites offer bonuses for new users. Make sure to enter any relevant promo codes during the registration or deposit phase to take advantage of these offers.
- Deposit funds: After registering and verifying your account, add funds to your sportsbook account using one of the available payment options, like credit cards, e-wallets, or bank transfers.
- Start betting: Once your account is funded, you’re ready to explore the wide range of betting options offered by Colorado sports betting sites.
By following these steps, you can confidently sign up for the best sports betting site in Colorado and start enjoying the excitement of online betting in the Centennial State.
Most Popular Sports & Betting Markets in Colorado
Colorado has a diverse sports betting landscape, with a variety of popular sports and betting markets for residents and visitors to enjoy. Major American sports like football, basketball, baseball, and hockey are all well-represented in Colorado’s sportsbooks, as well as other popular sports such as soccer, golf, and mixed martial arts.
The NFL, NBA, MLB, and NHL each have a strong presence in Colorado, thanks to local teams like the Denver Broncos, Denver Nuggets, Colorado Rockies, and Colorado Avalanche. These leagues provide ample opportunities for bettors to place wagers on their favorite teams and players. In addition to professional leagues, college sports betting is quite popular, with NCAA basketball and football games receiving significant betting action.
In the world of soccer, both domestic and international leagues, such as Major League Soccer and the English Premier League, draw considerable attention from Colorado bettors. Golf attracts interest in major tournaments like the Masters and the US Open due to their high-profile nature and the presence of renowned golfers.
BetMGM, FanDuel, Sports Illustrated Sportsbook, and Caesars Sportsbook are some of the top sportsbooks in Colorado, offering various betting markets and features for sports enthusiasts. Some of these features include live betting, which allows bettors to place wagers on games and events as they unfold in real-time.
Moreover, some sportsbooks offer innovative options such as same-game parlays, allowing bettors to combine multiple bets within the same game. This unique betting option has become specifically popular in CO sports betting communities.
In conclusion, Colorado’s sports betting markets cater to various sports interests, from major American leagues to international soccer leagues and prestigious golf tournaments. With competitive odds, innovative betting features, and a diverse range of sports markets, Colorado sports bettors have plenty of options for a thrilling betting experience.
Is it Possible to Place Bets on Individual Games in Colorado?
Yes, sports betting on individual games is legal and possible in Colorado. Since the legalization of sports betting in May 2020, residents and visitors of the state can engage in various forms of betting on professional and amateur sporting events.
In regards to football, this popular sport can be wagered on through various betting apps and retail sportsbooks in Colorado. You can place bets on individual games, futures bets, and prop bets, such as who will win the Super Bowl or who will be the league MVP. Here is some information on the availability of individual game betting in the Centennial State:
|Betting Type||Retail Sportsbooks||Betting Apps|
*Restrictions apply to betting on in-state college teams.
Colorado takes pride in its broad range of sports betting options. The state has over 15 retail sportsbooks and more than 25 betting apps available to bettors within its jurisdiction. Since launching, the industry has been expanding rapidly, providing a good balance of in-person and online wagering activities.
The Colorado Division of Gaming regulates the sports betting industry in the state, ensuring that operators adhere to strict regulations and guidelines. This ensures a safe and fair betting environment for bettors looking to participate in individual game wagering as well as other types of bets. As a result, the Colorado sports betting scene continues to thrive and develop, offering exciting betting options for sports enthusiasts.
Top Sports Events & Leagues in Colorado to Place Bets on Right Now
Colorado’s sports betting scene has seen rapid growth with many licensed sportsbooks now offering various sports betting options. The Centennial State is home to a variety of professional sports teams, making it an excellent location for fans and bettors.
The NFL remains one of the most popular leagues for betting in Colorado. Home to the Denver Broncos, every game of the season generates a strong interest from the local fan base. Betting options include moneylines, point spreads, and over/under totals.
NBA is another top choice among bettors, with the Denver Nuggets consistently in playoff contention. Basketball fans can find great odds on futures, props, and traditional lines. The regular season and playoffs offer numerous betting opportunities.
In the MLB, Colorado is represented by the Colorado Rockies, providing baseball enthusiasts with plenty of betting options such as run lines, moneylines, and futures. During the season, bettors have a vast selection of prop bets and in-game wagering to choose from.
Colorado’s contribution to the NHL comes in the form of the Colorado Avalanche. This exciting team provides winter sports lovers with multiple ways to enjoy the season, including prop bets, puck lines, and in-game betting. The Avalanche has a history of success, making bets on their games particularly enjoyable.
For fans of NCAA College sports, the University of Colorado and Colorado State University both have notable athletic programs. College football and basketball are especially popular, with many opportunities to bet on games, props, and futures throughout their seasons.
Moreover, Colorado offers access to various sportsbook platforms such as BetMGM, BetRivers, FanDuel, and DraftKings, making it easy for bettors to find the perfect platform for their preferred sports and betting options.
What are the Odds Like with Sports Betting in Colorado?
Sports betting in Colorado is thriving, with numerous licensed sportsbooks available both online and in-person. Since the legalization of sports betting in the state on May 1, 2020, bettors have been enjoying competitive odds for various sports events, including NFL, NHL, and MLB games.
Odds in Colorado sportsbooks typically follow the American odds format, also known as the moneyline odds. These odds indicate how much a bettor must wager to win $100 or how much they can win if they place a $100 bet. For example, a bet with odds of +200 means a bettor would win $200 for a $100 bet. On the other hand, a bet with odds of -200 means a bettor must wager $200 to win $100.
Apart from moneyline odds, Colorado sportsbooks also offer point spreads, over/under totals, and prop bets. Point spreads involve betting on a team to cover a specific margin, and every game features a favorite, with a negative (-) spread, and an underdog, with a positive (+) spread. Over/under totals allow bettors to wager on whether the combined score of both teams will be higher or lower than a predetermined number.
Prop bets are special wagers on events within a game, such as a player’s performance or the number of touchdowns scored in an NFL match. These could either be single-event prop bets or multiple-event prop bets like parlays that combine two or more bets into a single wager, offering higher potential returns but at increased risk.
In summary, sports betting in Colorado offers great opportunities for bettors to find competitive odds across several sports, with multiple formats like moneyline odds, point spreads, over/under totals, and prop bets. Online platforms and odds comparison websites enable bettors to easily find the best value for each wager.
Best Sports Betting Strategies in Colorado
Colorado has a thriving sports betting scene, with numerous licensed sportsbooks available both online and in-person. In this section, we will discuss some of the best sports betting strategies to consider for those in the Centennial State.
Line and odds shopping is essential for maximizing your profits. By comparing odds and lines among different Colorado sportsbooks, you can increase your chances of getting the best value for your bets. This is particularly important for prop bets and futures bets, which may have considerable variation between sportsbooks.
Another key strategy is middling your bets. This involves placing bets on opposite sides of the same wager, taking advantage of line movements. This can be particularly effective when done while line shopping, as you may secure better odds at different sportsbooks, which can increase your profit margin.
When it comes to which sports to bet on, it’s a good idea to specialize in one sport and bet type. By focusing on one sport, you can build a strong knowledge base and become more adept at recognizing value in betting lines. In Colorado, popular leagues and events to bet on include the NFL, NBA, MLB, NCAA, among others.
Managing your bankroll is critical to long-term success in sports betting. Set a budget for your bets, and stick to it. It is generally recommended to bet no more than 1-5% of your bankroll on a single bet. This will allow you to weather any losses while still having the potential for significant wins.
In conclusion, a well-rounded approach accounting for line and odds shopping, specializing in one sport and bet type, properly managing your bankroll, and employing sound betting strategies can be beneficial for Colorado sports bettors. Make sure to compare odds, study each sport with diligence, and bet responsibly.
Other Ways to Legally Gamble in Colorado
While sports betting has gained popularity in Colorado, there are several other forms of legal gambling in the state. One such option is casino gambling, which was legalized in 1991. There are over 30 land-based casinos in the state, offering a range of games like slots, poker, blackjack, and more.
Lottery games are another popular method of gambling in Colorado. Residents can participate in the Colorado Lottery, which offers games like Powerball, Mega Millions, and various scratch cards. Lottery proceeds are used to support environmental and outdoor recreation projects within the state.
In addition to casino gambling and the lottery, residents of Colorado can also participate in legal pari-mutuel horse betting. The state is home to Arapahoe Park, a racecourse that offers live horse racing and simulcasts from other tracks around the country. Bettors can place wagers on both horse and greyhound races, though live greyhound racing is not available in the state.
Furthermore, charitable gaming is allowed in Colorado. This includes activities like bingo and raffles, which can be organized by licensed non-profit organizations. Such events can raise funds for various charitable causes, providing entertainment to participants while supporting the community. The state has strict regulations in place to ensure the fairness and integrity of charitable gaming events.
Finally, daily fantasy sports (DFS) are legal in Colorado as well. Players can join DFS contests hosted by operators like DraftKings and FanDuel, which have been regulated by the state since 2016. These games allow players to build virtual sports teams and compete against others for cash prizes based on the real-life performance of athletes.
In summary, Colorado residents have access to a diverse range of legal gambling options, ranging from casinos to lottery games, horse betting, charitable gaming, and daily fantasy sports. The state’s comprehensive regulations ensure a safe and fair gambling environment for all players.
Should I Bet on Offshore and Gray Market Sportsbooks?
When considering sports betting in Colorado, you might be tempted to place bets on offshore and gray market sportsbooks. However, there are some important factors to take into account before making a decision.
The safety and security of your funds are crucial when betting on sports. Offshore and gray market sportsbooks are not regulated by the state of Colorado. This means they are not held to the same standards and rules as legal sportsbooks in Colorado which are licensed and regulated. In case of any disputes or if you do not receive your winnings, there may not be much you can do in terms of legal recourse.
In contrast, legal sportsbooks in Colorado, like bet365, PointsBet, and DraftKings Sportsbook, provide a more secure option for sports bettors. These sportsbooks are regulated and licensed by the state, ensuring a more reliable betting experience and timely payouts.
One of the advantages of betting on legal sportsbooks in Colorado is that a portion of the revenue they generate is taxed and contributes to important state programs and initiatives. Offshore sportsbooks do not contribute to the state’s economy in this manner. By betting on legal sportsbooks, you are not only ensuring a safer betting experience but also supporting the local economy.
Ultimately, the choice of whether to bet on offshore and gray market sportsbooks is up to you. However, it’s essential to weigh the potential risks and benefits associated with each option. Legal sportsbooks in Colorado offer a more secure and reliable betting experience, with added benefits to the local economy.
What Can’t You Bet on in Colorado?
Colorado sports betting is live since May 2020, and it already offers one of the most extensive betting menus in the United States. However, there are certain betting categories you won’t find on their list.
Firstly, betting on high school sports is not allowed in Colorado. The state aims to ensure the well-being of young athletes by not allowing betting on their competitions. This prohibition applies to all high school sports, regardless of the teams’ popularity or the athletes themselves.
Besides high school sports, you cannot bet on proposition bets for college sports in Colorado. While betting on college sports and events is generally permitted, certain types of bets are restricted. Proposition bets usually involve predicting individual player or team performance metrics, like the number of touchdowns scored by a player. These types of bets are not allowed on college sports events to protect the integrity of collegiate sports.
Additionally, some niche sports and specific events might not be available for betting in Colorado due to regulatory constraints or the absence of a specific betting market for them. It is important to check the available options on legal sportsbooks in Colorado before engaging in any betting activity.
To sum up, the primary restrictions in Colorado sports betting include high school sports, proposition bets on college sports, as well as certain niche sports and events that might not have a market. The Centennial State still provides bettors with a wide array of options for their enjoyment.
Do You Need to Pay Tax on Sports Betting Winnings (or Losses) in Colorado?
In Colorado, sports betting became legal in May 2020. If you are a resident or visitor engaging in sports betting in Colorado, it is essential to understand the tax implications of your winnings or losses.
Winnings from sports betting in Colorado are considered taxable income. Whether you win in person at a casino or through online platforms like DraftKings or FanDuel, you need to report your winnings on your tax return. If the amount exceeds $600, the betting operator will typically send both you and the IRS a tax form source.
In contrast, you may deduct your sports betting losses to the extent of your winnings, which can help offset the tax liability. However, you cannot claim losses that are higher than your winnings, as losses are not tax-deductible beyond the amount won.
To ensure that you are in compliance with Colorado and federal tax laws when it comes to sports betting, it is essential to keep accurate records. Documentation, such as wager receipts and betting slips, can help verify your winnings and losses during tax filing.
Remember, the responsibility of reporting betting income lies with the taxpayer. Only winnings of $600 or more will trigger a tax form from the betting company source. It is crucial to stay informed about Colorado tax regulations and declare your sports betting winnings and losses properly to avoid potential penalties.
Pros and Cons of Sports Betting in Colorado
Sports betting became legal in Colorado in 2020, and since then, the industry has experienced an impressive growth rate. However, with any form of gambling, there are both pros and cons. This section will explore the advantages and disadvantages of sports betting in Colorado.
One major benefit of sports betting in Colorado is the additional tax revenue generated by the betting industry. This revenue has been used to fund various state projects, helping to improve infrastructure and public services across Colorado. Moreover, the establishment of sports betting has also expanded the entertainment options available to residents and visitors, contributing to the state’s tourism industry.
On the other hand, the surge in sports betting in Colorado has raised concerns over problem gambling. The increased visibility of sports betting advertisements on billboards, social media, and television may contribute to the normalization of gambling behavior, potentially exacerbating problem gambling issues in the state.
Furthermore, while sports betting has created job opportunities within Colorado, opponents argue that the industry’s reliance on part-time and seasonal workers might not be sustainable in the long run. This may result in an unstable job market within the state’s sports betting sector.
In summary, sports betting in Colorado has both its merits and drawbacks. On one hand, the legalization of sports betting has generated tax revenue and expanded entertainment options. On the other hand, it has also raised concerns about problem gambling and the sustainability of the industry’s labor force. As the sports betting market in Colorado continues to develop, it is vital for regulators and stakeholders to weigh these pros and cons and adopt measures to protect the interests of the state and its citizens.
Is Online Sports Betting Popular in Colorado?
Online sports betting has rapidly gained popularity in Colorado since its introduction in May 2020. With a successful launch, both online and retail sports betting have become an attractive option for many Colorado residents. The state now offers access to 25 of the best sports betting sites, which is more than any other state.
The ease of online sports betting in Colorado can partly be attributed to the smooth legislative process that took place before its launch. It began with a referendum in November 2019, followed by the confirmation of passed legislation earlier that year. This efficient process has led to Colorado becoming a top destination for sports bettors.
In terms of sports events covered in Colorado, bettors can place wagers on various popular events such as the Olympic Games, college sports, and professional leagues. The state’s sports betting industry offers a diverse selection of sports and betting options, catering to various interests of bettors.
Moreover, the wide range of available licensed operators within the state also contributes to the popularity of online sports betting among Coloradans. These operators ensure that all bets placed within the state are legal and follow the state’s regulations, making it a safe and enjoyable experience for all.
The increasing number of online sports betting sites in Colorado confirms its popularity within the state. It continues to attract both seasoned bettors and newcomers alike, thanks to the variety of sports, user-friendly platforms, and competitive odds offered by the various platforms.
Responsible Gambling in Colorado and Where to Seek Help
Colorado has a diverse gambling industry, including casinos, a lottery, daily fantasy sports contests, horse race betting, and sportsbooks. Responsible gambling is essential to ensure that people can enjoy these forms of gambling without suffering from problem gambling issues like addiction.
In Colorado, sportsbooks must comply with federal, state, and local laws and regulations to protect problem gamblers. Players who suspect that they may have a gambling problem can seek help through various responsible gambling programs offered by sportsbooks and other organizations.
Funding for Colorado’s responsible gambling initiatives was increased only marginally in 2019 with voter approval of legalized sports betting. As of now, the annual budget for such efforts is approximately $130,000. However, a bill has been introduced in the Colorado General Assembly to establish a Responsible Gaming Grant Program to provide increased support.
Retail gaming licensees, sports betting operators, and internet sports betting operators are required to submit an annual report to the director of the gaming division. The report must detail their efforts to promote responsible gaming through advertising and other promotional measures.
Should you, or someone you know, need help with problem gambling in Colorado, there are resources available. The Colorado Division of Gaming is the statutory authority over the regulation of legalized sports betting in the state and can be an excellent starting point for seeking assistance.
Remember to always gamble responsibly and know your limits. It’s essential to enjoy the excitement of sports betting and other gambling activities, but it’s crucial to maintain control and be aware of the resources available if you need help.
Frequently Asked Questions
Is online sports betting legal?
Yes, online sports betting is legal in Colorado. The state officially legalized sports betting on May 1, 2020, allowing residents and visitors to enjoy betting on various sports and events. Since then, numerous Colorado sports betting sites have emerged, providing a range of options for bettors.
What are the top sportsbooks?
Several top sportsbooks operate in Colorado, including popular names like DraftKings, FanDuel, BetRiver, and BetMGM. These sportsbooks offer a wide variety of betting options, user-friendly platforms, and attractive promotions for new users. Always choose a licensed and regulated sportsbook to ensure a safe and secure betting experience.
How old to bet on sports?
In Colorado, you must be at least 21 years old to participate in sports betting. This age restriction applies to both land-based and online sports betting activities.
Can I use FanDuel?
Yes, FanDuel is one of the top sportsbooks available in Colorado. It offers a comprehensive range of sports betting options, as well as a user-friendly platform for both desktop and mobile users. FanDuel also provides new users with promotional offers and bonuses to enhance their betting experience.
Is mobile betting available?
Absolutely. Mobile betting is widely available in Colorado, allowing bettors to place wagers through their smartphones or tablets. Most sportsbooks operating in the state, such as DraftKings, FanDuel, and BetMGM, offer user-friendly mobile apps that make it easy for bettors to place bets on the go.
What’s required to bet on sports?
To bet on sports in Colorado, you must be at least 21 years old and physically located within the state. You’ll need to register for an account with a licensed sportsbook of your choice and provide necessary personal information for verification purposes. Once your account is set up, deposit funds and start placing your bets on various sports events and markets. Make sure to familiarize yourself with the betting rules and regulations published by the Colorado Limited Gaming Control Commission to ensure you’re following the guidelines.