Colorado sports betting burst 💥 out of the gates in 2020. It wasn’t a slow trickle by any means as the marketplace was quickly flooded with sportsbooks for bettors to choose from. The market remains incredibly competitive, which is great news for bettors who can pick and choose from top shops like FanDuel and Caesars.
Sports are a big deal in this neck of the woods, with top draws including the Broncos, Nuggets, Avalanche, and Rockies. In the collegiate ranks, Colorado, Colorado State, and Air Force attract plenty of attention. Betting is now firmly entrenched in Colorado 🏔️, which continues to hold its own as one of the most attractive legal sports betting markets.
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Colorado Sportsbooks
Best Betting Sites in Colorado
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Colorado Promotions & Bonuses
Please check back for promotions to be added for upcoming events.
There are several sportsbooks and promos for Colorado bettors to choose from. New customers can land sports betting sign-up offers, while new sportsbook promos are available for existing players. Examples of common offers include:
- Welcome Bonus: New players can get offers like deposit matches.
- Odds Boosts: Claim boosts for chances at even more winnings.
- Bonus Bets: Grab credits and place bets without laying out the cash.
- Loyalty Programs: Earn points, climb tiers, and reap the rewards.
To secure the best possible value from bonuses and promos, remember the following:
- Read the Terms: Understand the terms fully before claiming offers.
- Consider Options: Shop and compare offers before choosing the best deals.
- Grab Promo Codes: Get access to better deals with codes from trusted sources.
- Gameplan: The goal is the best possible use of your bonuses and promos.
For more information on Colorado sports betting promos - visit our CO Promos page.
Top Colorado Sportsbooks
The Odds Shark team is fully on top of what’s happening with Colorado sportsbooks. We’ve thoroughly reviewed all of the options while compiling a list of the most trusted and reputable sportsbooks in Colorado that you can lean on as you decide where you want to play.
If you’re a new player on the hunt for the best welcome offers and top places to play, you’re covered. The same applies to existing players who want the lowdown on the best current offers. Our reviews are extensive and unbiased, and aim to help you find what you’re looking for.
Check out detailed summaries of the best Colorado sportsbooks below. For even more details, go through our extensive reviews of industry leaders like FanDuel, Caesars, and BetMGM, all of which are on the money for fantastic user experiences and great promos.
FanDuel
FanDuel is one of the leading sportsbooks in Colorado, as well as numerous other legal sports betting markets. A smooth platform has certainly helped it stand out, as has a steady stream of promos and boosts 🚀 for bettors to consider.
The sportsbook hasn’t been shy about pushing the envelope. They were one of the driving forces behind making SGPs into a thing. Fast forward to today, it’s one of the most popular wagers out there. There are countless opportunities for placing them at FanDuel.
Players will find fair odds, a great selection of betting markets, and an extensive player props menu. Add it all up ➕, and it’s not hard to see why the book is such a hit. You can try out FanDuel today to quickly understand what has made it a go-to spot for many bettors.
- Same-Game Parlays
- Generous Bet Boosts
- Streaming Content
- Reliable & Intuitive App
- Fast Deposit & Withdrawal
- Customer Support
- Competitive Odds
- Limited Bad Beat Refunds
FanDuel User Experience
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BetMGM
You don’t have to look too far to find BetMGM. The steady stream of commercials consistently touts its offerings. Thankfully, this is a case where the hype is justified. BetMGM is an excellent place to bet on sports in Colorado and elsewhere across the US.
If you like a huge list of betting markets to choose from, you’ll be right at home. BetMGM covers all of the action 🎬, from the top games and events down to the smaller sports that fly under the radar. The lines are fair, and there are regular promos to choose from.
Players can also rack up BetMGM Rewards as they play and reap the benefits, such as exclusive bonuses and other perks 🎁. If you’re in the market for a Colorado sportsbook that does many things the right way, BetMGM is more than worth a visit.
- Lucrative Promos and Oddsboosts
- Early Cash Outs
- MGM Loyalty Rewards
- Live Streaming (including MLB)
- Responsible Gambling Policy
- Limited Sports in Certain Regions
- Competitive Odds
BetMGM User Experience
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Caesars Sportsbook
Caesars is a legacy gaming company that hasn’t rested on its laurels. They’ve delivered a great online and mobile 📲 sports betting product to the masses. Even better, they take care of existing players with a steady stream of promos and chances to earn rewards.
The user-friendly platform makes it easy for you to get down to business. Looking for the day’s boosts? There’s a tab for that. Ready to live bet? Check out the “FireBets” 🔥 section. Searching for a specific team, player, or market? Just use the intuitive search function to see your options.
As you continue playing, you can rack up redeemable points and climb through tiers. Caesars Rewards is one of the best in the industry, with perks such as bonus bets and exclusive discounts. Caesars is one of the top sportsbook options in Colorado.
- Live streaming of NFL Games with "Watch & Bet" feature
- Frequent Promos & Generous Offers
- Daily "Bonus Bets"
- Enhanced Live Betting
- Live Chat Feature
- Slow verification
Caesars User Experience
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bet365
In international gaming circles, bet365 is a huge name. The same thing is happening here in Colorado and other legal betting states. This sportsbook delivers a smooth experience on a platform that has a simple design and layout while still packing a punch 🥊.
One of the top features of bet365 is its extensive menu of props and futures. If you dig into a top game or event, there are numerous markets to choose from. On the futures front, there are more than enough options to keep you busy throughout the year.
Bet365 also offers a regular selection of boosts and other promos, including an early payout. If your moneyline side gets a designated lead, you book a win instantly without having to dread a potential comeback 🎉. Check out bet365 and see why it’s becoming a go-to spot for many.
- Generous Boosts and Super Boost
- Early Payouts
- Parlay Boost Initiative
- Fast Deposit/Withdrawal Options
- Great Customer Service
- Great Platform Design
- Competitive Odds
- Location Issues
- Props Hidden in Menu
bet365 User Experience
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how to start betting in colorado
You can start betting in Colorado quickly and easily from your computer or phone. If you’re 21 or older, physically located in the state, and ready to begin, do the following.
choose a book
Review the best legal sportsbooks here on this page. Decide which one is for you, click the links to claim your offer, and begin the simple registration process.
account registration
You’ll follow the prompts, use any applicable promo codes, and enter the requested info. Verify your age and location, accept the terms, and create your account.
deposit funds
You need funds to play with and to activate the offer. Go to the cashier section and choose your preferred banking method. Follow the instructions to make a deposit.
place your bets
Check out the latest lines and pick what you want to wager on. Click the odds to add your choice to the slip, enter your stake, confirm, and proceed to place your bet.
withdraw
Winning wagers are credited once the bet settles. If you want to make a withdrawal, head back to the cashier section, and follow the onscreen instructions to process.
Popular Sports and Teams for Betting in Colorado
Colorado is an outstanding market for sports with local favorites to root for across the major leagues. The Broncos, winners of three Super Bowl crowns and losers in five other big games, have an incredibly passionate fanbase.
The Nuggets, Avalanche, and Rockies cover the bases for the other major sports. On the collegiate side of the ledger, Colorado, Colorado State, and Air Force lead the way. Other sports that capture more than their fair share of attention include the UFC and Soccer.
There are sportsbook partnership deals in place for several clubs, including:
Colorado Legal Status and Regulations
Following the Supreme Court ruling in 2018 that opened the door for legal sports betting in individual states, it took some time for things to get moving in Colorado. The launch finally happened in 2020, with the market quickly becoming competitive. The Colorado sports betting market is legal and regulated for both operators and consumers.
- Legal Framework: Regulation and legalization efforts kicked into gear in 2019. Gov. Polis signed off and put the matter before voters, who narrowly approved the measure. Legal sports betting went live in Nov. 2020.
- Regulatory Body: The Colorado Department of Revenue's Division of Gaming is the regulatory and overseeing body for sports betting in the state. They handle licensing, enforce compliance, and more.
- Key Restrictions & Limitations: You must be 21 or older and physically present in the state to use Colorado sportsbooks. Betting on college sports is permitted, but no wagering is allowed on college player props.
history of sports betting legislation in colorado
The path toward legalizing sports betting in Colorado began in 2019 and steadily picked up steam from there. Naturally, there was plenty of red tape to sort through along the way. Here’s how it all played out.
2019:
Efforts to legalize sports betting accelerate quickly. It’s put before voters, who narrowly give a stamp of approval.
2020:
Legal sports betting opens for business in May. The market expands rapidly with 15 online books by the end of the year.
2021-24:
The market continues to grow in terms of revenue, but the number of sportsbooks fluctuates with entrants and exits.
How Colorado Compares with Other States
In the western half of the US, Colorado has emerged as one of the top markets, and also holds its own on a national level. For comparison purposes, let’s take a closer look at how Colorado stacks up against two other nearby legal sports betting states.
- Market size and wagering handle: The population of Colorado is a shade under 6 million, placing it behind Arizona (7.5 million) and well ahead of Wyoming (587k). Here’s what the three markets delivered in handle for Nov. 2024.
- Colorado: $647 million
- Arizona: $897 million
- Wyoming: $22 million
- Tax rates and market impact: The three states are in line with a 10% tax rate. Naturally, the population differences translate into differences in the handle and benefits from tax revenue. For Nov. 2024, that translated into:
- Colorado: $3.9 million
- Arizona: $5.7 million
- Wyoming: $241k
- Overall implications: Colorado remains in solid shape as one of the most attractive sports betting markets in the western US. That won’t change anytime soon, but we'll see what the landscape looks like when more neighboring states take the plunge.
Future of Sports Betting in Colorado
The Colorado sports betting market was competitive right out of the gate. It remains that way to this day, but the landscape will continue to evolve as we move forward. Here are some of the potential future developments we’ll be watching out for.
- Legislative changes: Colorado is pretty tax-friendly for sportsbooks, while other states haven’t been shy about hiking rates. Something to watch for in the future?
- Wagering changes: College player props are already prohibited. Any additional changes to watch for in amateur athletics, such as team props or alternate totals?
- Available sportsbooks: As the industry matures, there’s separation among the top shops and also-rans. Consolidation or exits by smaller operators would not be shocking.
- Emerging trends: The sports betting industry is no longer a shiny new toy. It will continue to grow and evolve, with some areas appearing to be more ripe for change.
- Speed: Speed in payouts, live betting, and more would be welcome developments for sports bettors across the nation.
- Tech: AI won’t make sports betting obsolete, but it could lead to more efficiency for operators, as well as improved research capabilities for users.
- Other: As viewing habits continue to change, so too does the demand for even more live streaming capabilities on sportsbook platforms.
Responsible Gambling in Colorado
Sports betting should be a source of enjoyment. That’s not the case for everyone, and it can lead to problem gambling. This is a real issue that impacts many both directly and indirectly. Thankfully, there are resources to lean on for those who need assistance.
- Problem gambling hotline - 1-800-GAMBLER
- Problem Gambling Coalition of Colorado website
- Bet Smart Colorado website
Following responsible gambling tenets, such as playing within your means, is recommended for all players. Additionally, stick to the legal and regulated sites, a full list of which can be found on the Colorado Department of Revenue website.
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