Colorado Online Sports Betting: Top Online Sportsbooks for May 2024

22 min read

Introduction to Sports Betting in Colorado

In Colorado, sports betting has been legal since May 2020. In 2019, following the approval by Colorado voters, Governor Jared Polis signed House Bill 1327 into law. The new legislation set out clear guidelines for how sports betting would function in the state:

  1. Sportsbooks must obtain a state license and must be partnered with existing casinos.
  2. Betting is permitted both online and in-person at physical sportsbooks.
  3. Colorado sportsbooks are subject to a 10% tax rate.

These steps collectively ensured that sports betting in Colorado was not only legalized but also regulated and taxed effectively.

Just as things were getting started in 2020, Colorado's sports betting industry encountered several significant hurdles. Firstly, the COVID-19 pandemic led to restrictions and limited the operation of retail betting venues. This in turn, propelled the online betting sector which experienced robust growth. By the end of the year, 15 online sportsbooks had successfully launched.

  • 2021 - sports betting in Colorado skyrocketed. The number of active online sportsbooks nearly doubled to 26. This surge in activity contributed to impressive financial milestones. By December, the total legal sports bets placed in the state surpassed $5 billion, showcasing remarkable progress in just 20 months.
  • 2022 - number of sportsbooks operating in Colorado saw some changes. Both MaximBet and theScore Bet decided to discontinue their services within the state, leading to a decrease in the overall count of sportsbooks available to Colorado bettors.
  • 2023 - Sky Ute Sportsbook and Maverick Sports exited the market, reducing the number of active sportsbooks. Betfred absorbed Elite Sportsbook, Bally Bet paused operations, and Fanatics took over PointsBet, altering the competitive dynamics in Colorado. The state set a new record for sports betting, with the betting handle reaching an impressive $716.4 million.

Best CO Sports Betting Sites in May 2024

Several online sportsbooks have emerged as top choices for Colorado bettors. These platforms offer a range of betting options across various sports, supported by robust security measures and responsible gambling tools. 

It's essential for bettors to choose only legal and regulated sportsbooks that provide fair odds and a secure betting environments.

The Best Colorado Sportsbooks

DraftKings Sportsbook
DraftKings New Customer Bonus - Bet and Get Up to $500 in Bonus Bets + 1 Month of NFL+ Premium
Details
BetMGM Sportsbook
BetMGM Bet $5 Get $150 in Bonus Bets
Details
Bet365 Sportsbook
Bet365 First Bet Safety Net Up To $1000
Details
BetRivers Sportsbook
BetRivers NJ 2nd Chance Up To $250. Code:
SPORTS
Details
Fanatics Sportsbook
Fanatics $200 in Bonus Bets up to $1000
Details
Bally Bet Sportsbook
BallyBet Welcome Bonus: $150 in Bonus Bets
Details
ClutchBet Sportsbook
ClutchBet Welcome Bonus: Up to $250 in Bonus Bets
Details
Betfred Sportsbook
Betfred 2nd Chance Bet up to $105
Details
SuperBook Sportsbook
SuperBook $250 Every First Bet Wins Bonus Review
Details

Best CO sports betting offers and bonuses

CO sportsbooks offer a variety of bonuses designed to enhance the betting experience but they must be used with responsible gambling practices in mind. 

Here are some common types:

  • Welcome Bonuses: Match a percentage of your initial deposit to increase your betting funds.
  • Risk-Free Bets: Refund your first bet if it loses, up to a specified limit.
  • No Deposit Bonuses: Receive a small bonus just for signing up, no deposit required.
  • Deposit Bonuses: Get extra funds on top of your deposits.
  • Odds Boosts: Enhanced odds on specific games or events to increase potential winnings.
  • Free Bets: Credits given to place bets without risking your own money.
  • Loyalty Programs: Earn points for your betting activity, which can be converted into rewards or betting credits.
  • Referral Bonuses: Receive a bonus when you refer friends who sign up and deposit.
  • Cashback Offers: A percentage of your bets or losses returned to you over a specified period.
  • Seasonal Promotions: Special offers tied to major sports events or seasons.

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These bonuses are subject to terms and conditions, and it's important for bettors to understand these fully to make informed decisions and maintain control over their betting habits.

 

Active Colorado Bonuses

Welcome Bonus

Bet365 Bet $5 Get $200 in Bonus Bets

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Borgata Bet $20 Get $100 in Bonus Bets

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Bet Insurance

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ESPN BET 200% First Time Deposit Match

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Colorado Mobile Sports Betting Apps

CO bettors have access to a variety of sports betting apps that offer user-friendly interfaces, comprehensive betting options, and seamless mobile experiences. These apps facilitate everything from registration and deposit to placing bets and withdrawing winnings, all from your smartphone. 

  • Accessibility: These apps provide a streamlined experience for sports bettors in Colorado, enabling easy account management, betting, and access to customer support.
  • Legality and Regulation: Operated under strict regulations set by the Colorado Division of Gaming, these apps ensure legal and secure betting within the state.

Key Features Offered by CO Sports Betting Apps:

  • Wide Range of Sports: Users can bet on local sports teams like the Denver Broncos, Colorado Rockies, and others, as well as NCAA sports and international events.
  • Mobile Compatibility: Designed for on-the-go betting, these apps offer full functionality across various devices, supporting both iOS and Android platforms.
  • Promotions and Bonuses: Featuring signup bonuses, odds boosts, and loyalty rewards to enhance the betting experience.

User Experience and Reviews:

  • Real User Feedback: For insights into user experiences with different apps and to find the best-rated sports betting apps in Colorado, visit the detailed guide on Colorado Sports Betting Apps.

What real Colorado sports bettors say about the top sports betting apps in Colorado

Overall
Sort By:
FanDuel Sportsbook
Read Reviews
3873
Reviews
Updated Oct 1, 2024, 6:28 PM
43%
Positive
9%
Mixed
48%
Negative
FanDuel Sportsbook
FanDuel Bet $5 Get $200
AI
Reviews Analysis
DraftKings Sportsbook
Read Reviews
3814
Reviews
Updated Oct 2, 2024, 4:47 PM
37%
Positive
10%
Mixed
53%
Negative
DraftKings Sportsbook
DraftKings New Customer Bonus - Bet and Get Up to $500 in Bonus Bets + 1 Month of NFL+ Premium
AI
Reviews Analysis
BetMGM Sportsbook
Read Reviews
3393
Reviews
Updated Oct 2, 2024, 4:58 PM
53%
Positive
8%
Mixed
39%
Negative
BetMGM Sportsbook
BetMGM Bet $5 Get $150 in Bonus Bets
AI
Reviews Analysis
ESPN Bet Sportsbook
Read Reviews
2545
Reviews
Updated Oct 2, 2024, 4:54 PM
72%
Positive
6%
Mixed
22%
Negative
ESPN Bet Sportsbook
ESPN BET Make Any Bet Get $100
AI
Reviews Analysis
Caesars Sportsbook
Read Reviews
1922
Reviews
Updated Oct 2, 2024, 5:05 PM
52%
Positive
9%
Mixed
39%
Negative
Caesars Sportsbook
Caesars: $1000 First Bet On Us
AI
Reviews Analysis
Bet365 Sportsbook
Read Reviews
705
Reviews
Updated Sep 30, 2024, 4:34 PM
39%
Positive
10%
Mixed
51%
Negative
Bet365 Sportsbook
Bet365 First Bet Safety Net Up To $1000
AI
Reviews Analysis
Tipico Sportsbook
Read Reviews
694
Reviews
Updated Oct 2, 2024, 5:09 PM
70%
Positive
10%
Mixed
20%
Negative
Tipico Sportsbook
Tipico Bet $50 Get $150 in Bonus Bets
AI
Reviews Analysis
Hard Rock Bet Sportsbook
Read Reviews
582
Reviews
Updated Oct 2, 2024, 5:14 PM
60%
Positive
10%
Mixed
30%
Negative
Hard Rock Bet Sportsbook
Hard Rock Bet Bet $5 Get $100 in Bonus Bets
AI
Reviews Analysis
BetRivers Sportsbook
Read Reviews
552
Reviews
Updated Oct 3, 2024, 5:39 PM
31%
Positive
6%
Mixed
63%
Negative
BetRivers Sportsbook
BetRivers NJ 2nd Chance Up To $250
Code:
SPORTS
AI
Reviews Analysis
betPARX Sportsbook
Read Reviews
422
Reviews
Updated Oct 3, 2024, 5:44 PM
48%
Positive
10%
Mixed
42%
Negative
betPARX Sportsbook
betPARX: Bet $10 Get $125
AI
Reviews Analysis
PointsBet Sportsbook
Read Reviews
347
Reviews
Updated Oct 3, 2024, 5:49 PM
25%
Positive
6%
Mixed
69%
Negative
PointsBet Sportsbook
PointsBet Daily Boosted Odds
AI
Reviews Analysis
Unibet Sportsbook
Read Reviews
200
Reviews
Updated Oct 3, 2024, 5:52 PM
12%
Positive
8%
Mixed
80%
Negative
Unibet Sportsbook
Unibet 2nd Chance Bet Up To $50
AI
Reviews Analysis
Betway Sportsbook
Read Reviews
171
Reviews
Updated Oct 3, 2024, 5:57 PM
43%
Positive
7%
Mixed
50%
Negative
Betway Sportsbook
AI
Reviews Analysis
Fanatics Sportsbook
Read Reviews
147
Reviews
Updated Oct 3, 2024, 6:02 PM
58%
Positive
8%
Mixed
34%
Negative
Fanatics Sportsbook
Fanatics $200 in Bonus Bets up to $1000
AI
Reviews Analysis
Bally Bet Sportsbook
Read Reviews
74
Reviews
Updated Oct 3, 2024, 6:06 PM
12%
Positive
10%
Mixed
78%
Negative
Bally Bet Sportsbook
BallyBet Welcome Bonus: $150 in Bonus Bets
AI
Reviews Analysis
Golden Nugget Sportsbook
Read Reviews
58
Reviews
Updated Oct 3, 2024, 6:11 PM
17%
Positive
17%
Mixed
66%
Negative
Golden Nugget Sportsbook
Golden Nugget Next Bet On Us Up To $250
AI
Reviews Analysis
SI Sportsbook
Read Reviews
40
Reviews
Updated Sep 13, 2024, 1:34 PM
29%
Positive
11%
Mixed
60%
Negative
SI Sportsbook
AI
Reviews Analysis
ClutchBet Sportsbook
Read Reviews
26
Reviews
Updated Oct 3, 2024, 6:21 PM
38%
Positive
7%
Mixed
55%
Negative
ClutchBet Sportsbook
ClutchBet Welcome Bonus: Up to $250 in Bonus Bets
AI
Reviews Analysis
Betfred Sportsbook
Read Reviews
17
Reviews
Updated Oct 3, 2024, 6:23 PM
37%
Positive
21%
Mixed
42%
Negative
Betfred Sportsbook
Betfred 2nd Chance Bet up to $105
AI
Reviews Analysis
SuperBook Sportsbook
Read Reviews
6
Reviews
Updated Sep 13, 2024, 1:34 PM
9%
Positive
36%
Mixed
55%
Negative
SuperBook Sportsbook
SuperBook $250 Every First Bet Wins Bonus Review
AI
Reviews Analysis
Borgata Sportsbook
Read Reviews
4
Reviews
Updated Oct 3, 2024, 6:29 PM
18%
Positive
27%
Mixed
55%
Negative
Borgata Sportsbook
AI
Reviews Analysis
Betsafe Sportsbook
Read Reviews
4
Reviews
Updated Oct 3, 2024, 6:31 PM
50%
Positive
17%
Mixed
33%
Negative
Betsafe Sportsbook
BetSafe $500 in Bonus Bets
AI
Reviews Analysis
Circa Sports Sportsbook
Read Reviews
Reviews
Updated Sep 13, 2024, 1:34 PM
0%
Positive
50%
Mixed
50%
Negative
Circa Sports Sportsbook
AI
Reviews Analysis

How to Deposit and Withdraw at Online Sportsbooks in Colorado

Depositing and withdrawing funds at Colorado online sportsbooks is streamlined with a variety of secure options. Below are the common deposit methods and withdrawal options you can expect:

  • Credit and Debit Cards: Visa and MasterCard are generally accepted for making deposits. Although withdrawals might not always be possible through these cards.
  • E-Wallets: E-wallets like PayPal, Skrill, and NETELLER offer both deposit and withdrawal capabilities, providing swift and secure transactions favored by many Colorado bettors.
  • Apple Pay & Google Pay: These mobile payment methods are gaining popularity for their convenience in making quick and secure deposits. However, withdrawals may not be available via these platforms.
  • Bank Transfers: Options like direct bank transfers and ACH (Automated Clearing House) are trusted for both depositing and withdrawing funds, ensuring secure transactions directly linked to your bank account.
  • Prepaid Cards: Prepaid cards issued by sportsbooks can be loaded with funds for deposits and often support withdrawals, making them a handy option for managing betting finances.
  • PayNearMe: This method allows you to deposit cash at retail locations across Colorado, seamlessly connecting retail sports betting with online platforms.
  • Cash at Casino Cages: For those preferring in-person transactions, you can deposit and withdraw cash directly at the casino cages of sportsbooks’ retail partners, such as Mardi Gras Casino, Lady Luck Casino, and others based in Central City.
  • Check by Mail: If you prefer a traditional method, checks can be mailed for withdrawals, though this can be one of the slower options available.

These payment methods comply with the regulations enforced by the Colorado Division of Gaming, ensuring secure and responsible transactions within the Colorado sports betting environment. Always check the specific terms related to payment methods at your chosen sportsbook, as they can influence processing times and potential fees.

Winning Bets Must Be Collected Within 1 Year

In Colorado, much like in other legal gambling states, all winning tickets must be collected within 1 year of winning. This is laid out in the by the Colorado Division of Gaming - Sports Betting Regulations in section 6.10.

What Sports Leagues Can I Bet on at CO Sportsbooks?

Online sports wagering in Colorado provides betting opportunities across numerous sports and their respective international leagues:

  • Colorado Football Betting
    • Canadian Football League (CFL)
    • National Football League (NFL)
    • NCAA – College Football
  • Colorado Baseball Betting
    • Major League Baseball (MLB)
    • Mexican Baseball League
    • Nippon Professional Baseball (NPB) – Japan
    • Korean Baseball Organization (KBO) – South Korea
    • NCAA Baseball
  • Colorado Basketball Betting
    • EuroLeague
    • FIBA Basketball World Cup
    • National Basketball Association (NBA)
    • NCAA – College Basketball
    • Women's National Basketball Association (WNBA)
  • Colorado Boxing and Mixed Martial Arts Betting
    • Boxing major fights
    • UFC (Ultimate Fighting Championship)
  • Colorado Cricket Betting
    • Indian Premier League (IPL)
    • International Cricket Council (ICC) events
    • The Ashes Series
  • Colorado Golf Betting
    • European Tour
    • PGA Tour
  • Colorado Hockey Betting
    • Finnish Liiga
    • Kontinental Hockey League (KHL) – Russia
    • National Hockey League (NHL)
    • Swedish Hockey League
  • Colorado Motorsports Betting
    • Formula 1
    • MotoGP
    • NASCAR
  • Colorado Rugby Betting
    • Rugby World Cup
    • Six Nations Championship
    • Super Rugby
  • Colorado Soccer Betting
    • Bundesliga (Germany)
    • Copa Libertadores
    • English Premier League (EPL)
    • FIFA World Cup (Men's and Women's)
    • La Liga (Spain)
    • Ligue 1 (France)
    • Serie A (Italy)
    • UEFA Champions League
    • UEFA Europa League
    • Many more
  • Colorado Tennis Betting
    • ATP (Men's Tour)
    • WTA (Women's Tour)
    • The Grand Slams: Australian Open, French Open, Wimbledon, US Open

This extensive array of leagues from both popular and niche sports ensures that CO bettors have a wide variety of betting options, ranging from local favorites to major international events. Additionally, Colorado bettors can engage with both live sports betting and daily fantasy sports (DFS) to experiment with other sports betting options.

Major Sports Events to Bet on in Colorado

Betting on Sports

Colorado's vibrant sports scene is complemented by various major sports teams and athletes: 

  • Denver Broncos (NFL): Future bets on the upcoming NFL season focus on player acquisitions and overall team dynamics.
  • Colorado Rockies (MLB): Betting opportunities abound throughout the MLB regular season, including player performances and potential playoff impacts.
  • Denver Nuggets (NBA): The Nuggets' participation in the NBA playoffs offers intense betting interest on game and series outcomes, as well as individual player statistics.
  • Summer Olympics 2024: Scheduled for Paris, this global event will feature athletes from around the world, including participants from Colorado competing in various sports:
    • Riley Amos - Mountain Biking
    • Lindsey Horan - Soccer
    • Woody Kincaid - Track and Field
    • Rylan Kissell - Shooting
    • Grant Koontz - Cycling
    • Leonard Korir - Marathon
    • Jordyn Poulter - Volleyball
    • Brooke Raboutou - Sport Climbing​
  • The Masters (Golf): One of golf's four major tournaments typically held in April, The Masters attracts international betting interest, including wagers on golfers from Colorado.
  • Wimbledon (Tennis): Occurring in late June through early July, Wimbledon is one of the grand slam tennis tournaments with significant betting volumes on match outcomes and championships.

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These teams, athletes and events provide thrilling sports action and diverse betting opportunities for both seasoned and novice bettors in Colorado.

What is the Complete list of Colorado sports betting sites; Where to bet on sports in Colorado

As of May 2024, Colorado hosts twenty active legal online sportsbooks. Here's a rundown of the live sportsbooks in Colorado:

Bally Bet Colorado

Bet365 Colorado

Betfred Colorado

BetMGM Colorado

BetMonarch Colorado

BetRivers Colorado

Betsafe Colorado

Betway Colorado

Caesars Colorado

Circa Sports Colorado

ClutchBet Colorado

DraftKings Colorado

ESPN Bet Colorado

Fanatics Colorado

FanDuel Colorado

SBK Sportsbook Colorado

SI Sportsbook Colorado

Sporttrade Colorado

SuperBook Colorado

Tipico Sportsbook Colorado (no longer accepting deposits or bets)

Comparison of Top Sports Betting Apps in Colorado

When selecting a sportsbook in CO, bettors need to do a sportsbook comparison including site usability, promotional offerings, and distinct features:

  1. Best for Loyalty Programs: Caesars Sportsbook - Caesars Rewards stands out for its valuable loyalty program. It automatically enrolls new users, allowing them to accumulate points for use at Caesars properties and on the app.
  2. Best for Sports Variety: DraftKings - DraftKings is recognized for its broad range of sports offerings. It goes beyond traditional sports to include niche markets like Gaelic sports, handball, and snooker, appealing to diverse betting preferences.
  3. Best for Odds Boosts: FanDuel - FanDuel is preferred for its generous odds boosts and promotions that enhance bet value. The platform is also noted for its vast array of betting options across multiple sports.

Betting Markets and Odds Offered by CO Sportsbooks

Colorado sportsbooks cater to a wide range of betting preferences with comprehensive markets and competitive odds. Here's a more detailed look at the options available:

  • Professional Colorado Teams & Pro Leagues:
    • Denver Broncos: Outright bets on every game, season wins, playoffs odds, and special props like first touchdown scorer.
    • Colorado Rockies: Daily betting on game winners, run totals, player-specific bets such as RBIs and strikeouts.
    • Denver Nuggets: Options include point spread, total points, and prop bets on players' point totals, assists, and rebounds.
    • Colorado Avalanche: Wager on game outcomes, over/under on goals, and futures on league championships.
  • College Sports:
    • Bets on local college football and basketball, including point spreads, totals, and performance of specific players.
  • Betting Types and Features:
    • Parlay Betting: Combine multiple bets from different games or sports to increase potential winnings, with options to bet across different Colorado teams and sports.
    • Futures and Outrights: Long-term bets on championship winners or season records for teams like the Denver Broncos or the Colorado Avalanche.
    • Prop Bets: Individual game or season-long bets on specific events or achievements, such as a player hitting a certain number of home runs or scoring a specific amount of points.
    • Live Betting: Engage in betting after a game starts, with odds updated in real-time based on game developments.
  • Special Features:
    • Odds Boosts: Enhanced odds offered on various bets, particularly popular for games involving Colorado teams.
    • Cash-Out Options: Ability to cash out wagers before a game concludes to secure profits or minimize losses.

Sports betting status in nearby states

Here’s a brief overview of the sports betting status in states neighboring Colorado:

  • Wyoming: Offers legal Colorado betting site including mobile and retail options without the need for affiliation with land-based casinos.
  • Nebraska: Currently limited to in-person sports betting at licensed racetracks; mobile and online betting are not yet available.
  • Kansas: Legalized sports betting, including online and mobile betting options, with several operational sportsbooks.
  • Oklahoma: Sports betting is not currently legal, with no immediate plans for legalization.
  • New Mexico: Sports betting is available at select tribal casinos, but there is no state-wide regulation for online or mobile sports betting.
  • Utah: Remains one of the few states with no form of legalized gambling, including no sports betting.

You can learn more about the gambling regulations in each state and see if you're eligible.

Colorado sports betting conclusion

As we have explored, since the move to legalize sports betting, Colorado's market has become highly regulated and secure, thriving since its inception in May 2020. This evolving landscape has been bolstered by the establishment of reputable online sportsbooks and strategic collaborations with retail partners, enriching the betting ecosystem. Bettors in Colorado can engage with an online sportsbook, bet on sports at various sportsbook Colorado locations, or visit one of the multiple retail partners. These developments ensure that sportsbook Colorado remains at the forefront, offering safe, legal, and dynamic opportunities to bet on sports. This commitment to expanding and supporting both online and retail options reflects the state's dedication to enhancing the sports betting experience.

Colorado Sportsbooks

Regulations
What are the key aspects of Colorado sports betting law?
How many Colorado sports betting sites are there?
Are there any specific Colorado sports betting apps?
Can I engage in sports wagering at Colorado casinos?
What should I know about online sportsbooks in Colorado?
Is sports betting legal in all forms in Colorado?
Is it legal to place sports wagers on college sports in Colorado?
What was the outcome of the vote on Proposition DD in Colorado?
What types of licenses are available for sports betting in Colorado?
Bonuses
What types of bonus bets are available in Colorado?
How can I access sports betting promos in Colorado?
Are there any unique sports betting bonuses in Colorado?
Sports Betting
What sports can I bet on in Colorado?
Can I place online wagers on college basketball in Colorado?
Can I find an online sportsbook in Colorado offering in-game betting?
What sports can I bet on with a Colorado sportsbook?
What are the most popular wagers in Colorado?
Taxation
How are gambling winnings taxed in Colorado?
What is the sports betting revenue contribution in Colorado?
What licenses are required for Colorado sports betting sites?
Retail Partners
How do Colorado betting apps integrate with retail partners?
Added Bonuses of Sports Betting
How does legalized sports betting impact sports in Colorado?
What benefits do best Colorado sports betting sites offer?
What should I know about the legal sportsbooks' offerings in Colorado?
Can I access Colorado sports betting resources for new bettors?
Additional Questions
What should I consider when choosing between Colorado betting sites?
Are bonus bets widely available across sportsbooks in Colorado?
How can I manage my Colorado account responsibly?
What measures are in place to ensure online sports betting is legal and secure in Colorado?
Are daily fantasy contests available in Colorado?
Are there off-track betting locations in Colorado?
What facility in Colorado offers live horse racing?
Is BetOnline a legal sportsbook in Colorado?

Sol has over 20 years of experience in writing for diverse industries including sports, gambling, regulation, technology, and startups. As the Editor-in-Chief at RG.org, Sol brings a wealth of knowledge and expertise to the role, focusing on delivering transparent, evidence-based content grounded in thorough research. Sol's mission is to empower readers to enjoy gambling responsibly and make informed decisions, enhancing their overall experience through insightful and engaging content. Under Sol's leadership, RG.org prioritizes the highest standards of integrity and reliability, ensuring that all information provided is accurate and trustworthy. Sol's dedication to transparency and research-based writing helps create a responsible gambling environment where readers can truly benefit from the content. This commitment to excellence has positioned RG.org as a leading source of information in the gambling industry.

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