Colorado Sports Betting Sites
If you’re a betting fan who hails from Colorado, then you’re in luck. Not long after the legalization of this activity in 2019, residents of the Centennial State got the opportunity to do it online. Today, more than a dozen Colorado sports betting sites allow you to profit from your knowledge and good predictions.
On our list, you will find the best online platforms of this kind, handpicked by our experts. Our recommendations are regularly updated to ensure you have access to the latest promotions. Of course, these sites are fully licensed and have unique features. So, if you’re looking for the best Colorado sportsbooks, focus on the list below!
Best Colorado Sports Betting Sites for 2024
- 4-hour withdrawal processing
- Intuitive Bet Builder tool
- Fantasy competition for real prizes
- FanDuel TV+ for live streaming
- Minimum deposit of $5
- Top-notch mobile application
+2
- Top-rated mobile app
- Early payout with excellent odds
- Excellent loyalty program
- Detailed stats and betting trends
- Many options for betting
- eSports and non-sporting events covered
+3
How We Rate the Best Colorado Sportsbooks
When rating Colorado betting platforms, we check every aspect of the site’s offering. We check the bonuses and promotions, security, betting markets and odds, and other things that affect your experience. This way, we ensure that users get the most from wagering money on these sites.
To better understand how our experts evaluate CO betting sites, we will highlight the features that contribute the most to the final rating:
- Trustworthiness: We only recommend sites that are reliable. We confirm their trustworthiness by reading user reviews and conducting operator background checks. Of course, we only list licensed and regulated platforms and provide information about these things in our reviews.
- Security and safety: Whenever you sign up at an online sportsbook and place a deposit, you share financial and personal information that is pretty sensitive. That’s why we check whether this information is handled safely. The highest-ranking platforms on this page use modern SSL encryption. They also have firewalls and other tools to prevent security breaches.
- Bonuses and promotions: Every online sportsbook in Colorado features a variety of bonuses or promotions. We spend some time reading through the bonus policies for each offer to determine the ones that stand out. Our recommendations don’t have wagering requirements that are impossible to meet. We also check when the bonus bets expire and if they promise significant boosts to your balance.
- Betting markets: Our experts also spend a lot of time analyzing the betting markets. The top Colorado online sports betting platforms cover many sports (including the most popular in the USA) and various markets. We analyze every option you have – from straight bets and prop bets to futures and parlays.
Colorado Sports Betting Laws
Before placing bets on events in Centennial State, you should ask one crucial question: can you sports bet in Colorado legally? Thankfully, the answer is affirmative. Let’s take a look at the history behind the legalization of sports betting in Colorado:
- In 2018, the revocation of the Professional and Amateur Sports Protection Act paved the way for the establishment of a legal and regulated sports betting industry.
- Voters approved Proposition DD in 2019, making online and retail sports betting legal in Colorado while directing tax revenue to water initiatives.
- Following the approval in 2020, FanDuel and DraftKings emerged as the first legal sportsbooks to launch in Colorado for online and retail betting, respectively.
- In 2023, a law was passed prohibiting bets on out-of-state and simulcast greyhound races.
Colorado Division of Gaming is the state agency responsible for licensing and regulating online casinos and sports betting operators while ensuring compliance with industry standards. Therefore, as long as you are at least 21, you can wager at any legal sports betting site. The sports betting bill allows both wagering on college sports, with the exception of college player props, and the availability of esports betting.
Colorado Sports Betting Tax Information
It’s no surprise that sports betting winnings in Colorado are taxed. The state applies taxes to all forms of gambling winnings, including those from sports bets. Regardless of the amount you won with the help of this activity, your winnings are subject to a tax of 4.4%. That’s within the national standard.
Don’t forget that your winnings are also subject to a federal income tax of 24%, which increases to 30% if you don’t provide a social security number. Furthermore, sportsbooks in Colorado must pay a 10% tax on their sports betting revenue.
Bonus Offers at Colorado Online Sportsbooks
One of the best things about online sports betting in Colorado is that you can claim rewarding bonuses and promotions at licensed sportsbooks. Our top picks have excellent deals for newly registered users and feature at least one ongoing promotion for regular bettors.
The most popular bonus deals in modern sportsbooks include the welcome offer, second chance bets, deposit match bonus, no deposit bonus, and a loyalty/VIP program.
It’s always a good idea to pay attention to the terms and conditions of the bonus offers at CO sports betting websites. Keep reading if you want to find out more about the types of bonuses and what to expect from them:
Welcome Offer
Almost all Colorado online betting sites have welcome offers. As the name suggests, they are designed for newly registered bettors. Sometimes, they have to place their first deposit to get rewarded. In other cases, they can expect a bonus simply for registering. There are also cases when platforms provide bonus packages for the first two, three, or four deposits.
The welcome bonus usually includes a deposit match or risk-free bet covering losses on your first bet, such as a 100% match up to $500 or free bets up to $200.
Second Chance Bet
With the help of risk-free bets, also known as second chance bets, your first bet can still bring you something in return, even if your prediction is wrong. With this bonus bet, you’ll receive a refund of up to a specific amount if the first bet is lost. Of course, instead of receiving these funds in your account, you’ll get a bonus or a free bet, which you can wager on another match or event.
Deposit Match
This is the most common type of bonus offered at betting sites in Colorado. Still, you can expect them as ongoing promotions in the form of reload bonuses, too. Each time you deposit, the online sportsbook provides bonus funds by matching a percentage of your deposit.
No Deposit Bonus
Even though they are not as common as other bonuses, you can still find no-deposit offers at some legal online sportsbooks. You’ve probably guessed that you don’t need to place a deposit to claim this bonus. Typically, you must complete a specific task, like registering at the site. Remember, the wagering requirements associated with this deal are usually higher.
Loyalty and VIP Programs
Some of the best sports betting sites available in Colorado on our list have VIP and loyalty programs. They are designed to reward frequent bettors and high-rollers with unique perks like enhanced odds, cashback deals, bonus bets, personalized customer service, and invitations to special events. Bettors earn points by wagering money on sports events. They need a certain number of points to reach new levels in the program and unlock additional perks.
Most Trending Sports at Colorado Sports Betting Sites
Colorado has several big teams competing in various sports. So, it’s no surprise that the leading platforms cover these sports, which are also the most famous American sports.
We’ll elaborate more on this in the following sections dedicated to the most bet on sports in Colorado State:
NFL (Football)
The popularity of football in the state of Colorado mostly comes from the shared passion for their official NFL team – the Denver Broncos.
The NFL season, including preseason, regular season, and playoffs, witnessed a surge in online wagers on Colorado sports betting sites. Some bettors follow the entire season closely and place moneyline bets while also utilizing over/under, and point spread bets.
On the other hand, we have punters who are active only during specific periods. For example, they predict the Super Bowl winner or wager on specific player awards. While discussing NFL betting, we should note that you’re free to bet on prop bets of any type – from who will score first to the total number of points scored in the first quarter.
The Denver Broncos are sponsored by FanDuel Sportsbook. So, you should be able to find better odds and unique enhanced odds deals on Broncos’ events and NFL events in general.
NBA (Basketball)
Basketball as a sport has a significant following in the Centennial State. This is certainly reflected in the offers of the best CO betting sites.
Colorado basketball fans are especially fond of the Denver Nuggets. Their impressive performance in recent years has increased interest in the NBA, the best basketball league globally.
The NBA’s intensive schedule provides a lot of betting opportunities. When the season starts, you can wager almost every night. Some popular types of sports wagers include point spreads, over/under bets, and props on individual player performances.
Furthermore, the popularity of NBA betting in Colorado is mirrored in the variety of promos and special bets offered by platforms during the season. The best part is that you can also place preseason bets.
If you’re a fan of the team and want to use your knowledge for betting purposes, it might be a good idea to check the Fanatics sportsbook, which sponsors the Denver Nuggets. In addition to purchasing apparel through the platform, you can expect exclusive deals related to them.
MLB (Baseball)
It’s fair to say that all CO sportsbooks cover the best baseball league in the United States and globally. This makes sense, not only because Coloradoans love this sport but also because they have a team to root for – the Colorado Rockies.
Once again, you can test your luck with the help of over/under bets and moneyline betting. Instead of point spreads, you can wager on run lines. As for the prop bets, Colorado sports bettors can enjoy betting on specific player performances like hits or the likelihood of home runs. They often choose the World Series winner or the Rookie of the Year Award for futures betting.
Due to its massive fan base, leading brands like bet365 have signed sponsorship deals with the Rockies. So, if you want to bet on this team, you might want to check the bet365 sportsbook. This platform often provides odds boosts and other exclusive deals on these events.
NHL (Hockey)
Coloradoans have a reason to follow ice hockey events, particularly the NHL events, as the state is home to the Colorado Avalanche. This team has already won several Stanley Cups and has a solid following, translating into significant betting interest.
Whenever you want to place NHL wagers, you can use the standard bets like moneylines. However, you can also use unique options like the puck line or a wide array of prop bets. The latter includes the first goal scorer, power-play goals, a fight in the game, and more.
Predicting outcomes like the Stanley Cup winner or the Hart Trophy winner are excellent examples of popular future bets.
Many Colorado sportsbook promos are tied to Avalanche games. For example, that’s the case with the Fanatics sportsbook, which usually provides enhanced odds for these events.
College Sports
Betting on college sports is a favorite pastime for many Coloradans, especially when it comes to the University of Colorado Buffaloes, one of the most successful college teams in the country.
Colorado bettors can access many betting options – from moneylines and point spreads to complex options such as predicting conference or national championship winners. Still, we should note that prop bets for college sports are banned in Colorado.
In addition to the University of Colorado Buffaloes, other interesting college sports teams in this state include the Air Force Academy Falcons, the Colorado State Rams, the University of Colorado Boulder, and the Colorado College Tigers. The good thing is that most Colorado online sportsbooks provide competitive odds for these sports and teams.
Tennis
Tennis might not be as popular as football and basketball in Colorado, but it deserves a spot on this list. Hundreds of CO sports bettors follow this sport, especially during major events like the ATP/WTA Finals and the Grand Slams, including the US Open.
Tennis provides a wide range of betting options, and most platforms seem to cover all of them. Match winners, set betting, over/under on total games bets, and game handicaps are some of the typical betting markets related to this sport.
Of course, during the major tournaments, you have a chance to wager money on futures bets like tournament winner, head-to-head matchup, specific player stats (double faults, aces), and more.
Caesars Sportsbook is a top choice among bettors for wagering on these tournaments, offering a wide range of markets, including match winners, set betting, and exciting live betting options.
Colorado Sportsbooks’ Local Sports Partnerships
Due to the popularity of certain sports, some Colorado online betting sites signed sponsorship agreements with the top professional sports teams locally. These partnerships allow residents to benefit from exclusive promotions and competitive odds on their favorite local team’s matches. At the same time, the brands get a wider reach and a more motivated user base. The table below provides more information about these deals:
| Betting Site | Local Partner | Year | Description |
| FanDuel | Denver Broncos | 2020 | Odds boosts |
| Fanatics | Colorado Avalanche, Denver Nuggets | 2020 | Second chance bets, odds boosts |
| Bet365 | Colorado Rockies | 2023 | Odds boosts, ticket discounts |
Daily Fantasy Sports Betting in CO
Colorado was one of the first states to allow Daily Fantasy Sports betting in 2016, ahead of the legalization of sports betting.
DFS lets you draft virtual teams of real-world pro athletes for a single day or contest. The points you receive are based on their actual performance in real, upcoming sports events.
Participants can engage in various formats like head-to-head contests where one player faces off against another. These daily or weekly contests have proven attractive, making them an excellent addition to “regular” betting.
Several popular Colorado sports betting websites, including DraftKings and FanDuel, allow you to participate in various contest types. Of course, they cover the NFL, NBA, NHL, and MLB through fantasy sports.
CO Sports Betting Apps
The convenience of placing bets on the go has more and more bettors from Centennial State looking for an ideal sportsbook app. Our list of top sportsbooks features user-friendly and well-designed mobile apps.
The leading platforms should include apps for Android and iOS users, which can be downloaded from the Google Play Store and the Apple App Store. To access a specific mobile sports betting app in Colorado, visit one of these online stores and look for the brand you’re interested in. In addition, you can visit the official website and click on the app store logo.
Remember that some apps give special bonuses to mobile bettors. It often takes downloading and installing the app and logging in to your account to get such deals.
You can still take advantage of the regular offers even without these exclusive bonus deals. The apps provide a seamless mobile betting experience, allowing you to search for events, place bets, deposit and withdraw funds, and contact customer support—just as you would on the platform’s desktop version.
How to Start Betting with Real Money at Colorado Sportsbooks
The betting process at Colorado sportsbooks is very simple. You can start placing real money wagers almost instantly. To do so, you must follow these simple steps:
- Select a reliable betting site. Choose one of the licensed Colorado betting sites on our page.
- Register an account. Visit the official website and sign up by filling out the requested info.
- Verify your betting account. You should finish the identity and age verification processes to unlock every feature, including withdrawing winnings.
- Top up your account. Visit the cashier page and select one of the payment methods, such as bank transfer, e-wallets, and credit or debit card.
- Choose an amount. Select the amount you want to transfer to your account and submit the request.
- Place a bet. Find the event you’re interested in and knowledgeable about, select a betting market and an amount, and submit the bet.
Unleash Your Winning Potential at Colorado Sports Betting
Colorado stands out as a state where online sports betting expands with minimal restrictions, catering to every sports fan by providing a healthy range of betting options from major professional leagues to college sports and Daily Fantasy Sports. This environment has attracted numerous betting platforms, allowing bettors from Colorful Colorado to choose from multiple top-notch options.
CO bettors can benefit from this competitive landscape, enjoying a wide array of betting options, various betting markets, promotional offers, and more. Check our top list to find the best legal Colorado sports betting sites and get the most from this activity.
Colorado Betting Sites FAQ
Yes. Almost every online betting platform in Colorado has a mobile sportsbook app. These applications are typically available to Android and iOS users. They can be downloaded at the Apple App Store and the Google Play Store.
Yes, Daily Fantasy Sports betting has been legal in Colorado since 2016, four years before the Centennial State decided to legalize sports betting.
Absolutely. Several online sportsbooks in the state of Colorado have signed sponsorship agreements with popular local teams like the Denver Nuggets, the Colorado Avalanche, and the Colorado Rockies.
Yes, both professional and college sports betting is legal in Colorado. This means you can wager real money on any college sporting events offered at CO sportsbooks. The only exception is using college player prop bets, which is prohibited.
As a resident of Colorado, you must be 21 or older to place real money bets on legal online sports betting sites. The same rules apply to sports gambling at retail betting locations.
Yes. Colorado sports betting winnings are taxed at a flat tax rate of 4.4%, regardless of the amount won. In addition, federal taxes also apply at the standard rate of 24%. The precise percentage depends on the size of your winnings.
Leading sportsbooks in Colorado feature a lot of sports markets. Users can bet on sports from major leagues such as the NFL, NBA, MLB, and the NHL, as well as college sports and tennis.
Of course. Most Colorado sports betting sites have more than one bonus offer for their users. Some popular types of bonuses include second chance bets, the welcome bonus, loyalty/VIP programs, and no deposit bonuses.