Legal sports betting in Colorado has been thriving since May 1, 2020, when 15 different sports betting apps launched on the same day. Currently there are 18 regulated sports betting apps in Colorado accepting bets in addition to 10 retail options. If you’re considering sports betting, you’re fortunate to be in Colorado which allows remote registration so you can wager with popular apps like DraftKings and FanDuel from the comfort of your living room.
Colorado has more sports betting apps (18) than the Denver Broncos have Hall of Famers (15). With so many sportsbooks to choose from, it’s normal to feel a bit overwhelmed. I will provide you with details on your best sportsbook options in Colorado and explain how to get started with sports betting. I’ll also detail the state’s path toward legal sports betting, which Colorado teams to wager on and responsible gambling resources.
Best Betting Sites In Colorado
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is sports betting legal in colorado
Yes, sports betting is legal and regulated in Colorado. In November of 2019, voters approved a ballot referendum (Proposition DD), allowing in-person and online sports betting statewide. Six months later, in May of 2020, the state launched 15 sports betting apps including DraftKings and FanDuel. Unlike some other states with legalized sports betting, Colorado bettors are allowed to wager on the NFL Draft and esports, but be aware that betting on college player props isn’t prohibited.
colorado quick facts
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Timeline of Betting Legislation & Latest News
Colorado became the 18th state in the U.S. to legalize sports betting with a ballot referendum in 2019, and sports betting officially went live on May 1, 2020. Like a Denver Broncos overtime thriller, the public vote to legalize sports betting went down to the wire, but in the end, those advocating for sports betting prevailed.
april 18, 2019
HB 19-1327 introduced in the house, the bill lays out a road map for legalized sports betting in Colorado.
may 21, 2019
HB 19-1327 signed by speaker of the house and send to Governor Jared Polis.
may 29, 2019
HB 19-1327 signed by Gov. Polis, and will become law pending voter approval.
november 5, 2019
Colorado voters narrowly approve (51.41%) legal sports betting via a ballot referendum on Proposition DD.
november 1, 2020
Online and in-person sports betting launches in Colorado, by the end of 2020, there were 15 online sportsbooks in the state.
november 20, 2024
HB 1436 passes in both the house and senate. The bill seeks to remove the tax on sports betting tax revenue funding water conservation in the state.
how to start betting in colorado
Sports betting in Colorado is simple thanks to remote registration which allows you to register for sportsbooks and deposit money without having to go to a casino like in some other states. If you’re over 21-years-old and located inside Colorado, just download your favorite sports betting app, fund your account, verify your identity, and start betting.
select a sportsbook
First, decide which sportsbook you want to use and download that sports betting app on your phone. Some sportsbooks will allow you to get started from their website on a computer as well. With the help of this article, make sure the app you’ve chosen is regulated in your state.
create account
Click the button on your sportsbooks’s app that says “signup” or “get started,” while you’re inside state lines, to begin creating an account. You’ll be required to fill in some personal information and verify your identity.
deposit
To fund the account, select the payment option you prefer. Each sportsbook has different options for deposits, but common options include: Credit/debit card, bank transfers, PayPal, etc. Remember to keep an eye out for any fees that might be associated with the deposit.
choose your bet and bet size
There are a variety of wagering options within each sportsbook. If you’re just getting started, moneylines are the most straight-forward bet and allow bettors to wager on who will win an event. Point spreads, over/unders, parlays, player props and futures bets are also popular choices.
place a wager
Every sportsbook runs independently from each other so they each may offer different point spreads or odds on the same wager. Before placing your wager, try shopping around at other betting apps to get the best price. Once you’ve found odds you like, type in your wager amount and submit your wager. If your wager wins, your winnings and your original bet will be deposited back into your account shortly after the event you bet on finishes.
withdraw
Each online sportsbook has different methods and processes for cashing out money if you’re successful betting. It’s normal for withdrawals to take longer than deposits, but the money is typically received within a couple days.
Home Field Advantage
Roughly 12% of Colorado’s population of 5.8 million residents live in the state’s capital city of Denver. All four of Colorado’s top sports teams play their home games in Denver, which has been nicknamed the Mile High City for its elevation of 5,280 feet above sea level. The lower oxygen levels at that elevation give teams based in Colorado that are accustomed to it a unique home field advantage unlike any other in the United States.
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USA Betting News
Odds Shark and Outlier Announce Partnership Bringing Advanced Stats To Fanatical Audience
responsible gaming message from colorado
The Problem Gambling Coalition of Colorado (PGCC) is an excellent resource for people in Colorado who have a gambling problem or know someone who is struggling with gambling addiction. Their website features several resources including links to treatment providers in the state and information on the state’s self inclusion list.
There’s also a separate Gamblers Anonymous phone number for those in Colorado, Wyoming, and Utah (1-800-222-5542) and information for meetings can be found at Coloradoga.org.
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