Colorado Sports Betting
Colorado became the 19th state to legalize sports betting, but it might have the best situation of any newly-legal state. CO has full online sports betting on sites and apps, plus a low barrier to entry for operators, which is creating healthy operator competition that will benefit consumers.

Here's what you need to know about Colorado Sports Betting.
Buffaloes football team on game day at Folsom Field in Boulder, Colorado
Best CO Books & Apps
How to Bet in CO
CO Sports Betting FAQ
Legal Sports Betting Review
Sports Betting Locations in CO

Best Online Sportsbooks in CO

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Colorado Sports Betting Sites & Apps [Updated August 2020]

Sports betting in Colorado could not be easier: Anyone located inside the state can register, deposit and bet through a legal online sportsbooks without ever having to step foot inside a casino. And lucky for you: New customers are eligible for awesome offers like these...

5 Best Colorado Sports Betting Sites & Apps

While someday we could see north of 30 online sportsbooks taking bets in Colorado, that won't be the case initially. Here are the books live now, along with their bonus offers:
  1. BetMGM: $500 INSTANT deposit match
  2. DraftKings: $1,000 sign-up bonus
  3. FanDuel: First bet risk-free up to $500
  4. FoxBet: $1,000 sign-up bonus
  5. BetRivers: $250 deposit match
Here are some more detail on each...


BetMGM Sportsbook

BetMGM Promo Code & Bonus Offer

BetMGM's new-customer offer is very simple: You get a 100% deposit match up to $500. And the deposit match is INSTANT, meaning if you deposit $500 in cash, you'll immediately have another $500 in bonus funds deposited into your account. You can withdraw whatever you turn those $500 in bonus bets into after you wager $1,000 (2x the bonus amount). Claim this offer now.

What's the Best Way to Deposit?

BetMGM is one of the few sportsbooks that accepts deposits via American Express, if you're into that sort of thing. PayPal and online bank transfers are also very easy ways to fund your BetMGM account in Colorado.

BetMGM Review

Action Rating: 9.2 out of 10 While BetMGM's app has some occasional issues, it's very easy to deposit and withdraw funds, and the sportsbooks does a good job of keeping you engaged with daily odds boosts that are available to all customers. [Read our full BetMGM review here]

Where Else Is BetMGM Legal?

BetMGM has been legal in New Jersey for a while, and recently started taking bets in Indiana and West Virginia.

DraftKings Sportsbook

DraftKings Sportsbook Promo Code & Bonus Offer

So, technically speaking, DraftKings doesn't have a promo code. Click this link and you'll automatically be eligible to accept DK's $1,000 sign-up bonus for new customers. A few more details on that bonus: $500 of it is in the form of a first bet match, meaning that DraftKings will match your first bet instantly in the form of free bets. (You bet $500 on the Broncos to win the Super Bowl, you'll get $500 in free bets instantly.) The other $500 of it is a deposit match. Check out the full details for DraftKings' bonus offer here.

What's the Best Way to Deposit?

DraftKings accepts deposits via PayPal and online banking, which tend to be the smoothest. You can also deposit via Visa, Mastercard and Discover, though some specific credit and debit cards may not go through on the first attempt.

DraftKings Review

Action Rating: 9.7 out of 10 DraftKings has the best app among sports betting operators. It's easy and intuitive to use, it's great for live betting, and it processes withdrawals quickly (we've seen them come through in less than 24 hours). [Read our full DraftKings Sportsbook review here]

Where Else Is DraftKings Legal?

DraftKings also operates its sportsbook in New Jersey, Pennsylvania, Indiana and West Virginia.


FanDuel Sportsbook

FanDuel Sportsbook Promo Code & Bonus Offer

FanDuel does not require you to use a promo code to take advantage of its staple offer: just click this link to qualify for a $500 risk-free bet for new customers. You'll want to factor this offer into your deposit amount, because FanDuel will basically free-roll your first bet, up to $500. If your first bet is $10 and it loses, you'll get $10 in bet credits. If it's $100 and it loses, you'll get $100 in bet credits. In order to get the full $500 risk-free bet, you have to first bet $500. No matter the initial amount of your first wager, any bonus bets you receive at FanDuel only need to be put back into play once before you can withdraw them. Claim this offer now.

What's the Best Way to Deposit?

FanDuel doesn't allow deposits via Discover, but pretty much every other method is accepted: PayPal, online banking transfer, Visa and Mastercard.

FanDuel Sportsbook Review

Action Rating: 9.5 out of 10 FanDuel is arguably the most well-know player in this new age of sports betting. While its app isn't as smooth as DraftKings', FanDuel offers a ton of different bet types and props both pregame and in-game. The sportsbook also does a good job of giving existing customers some no-brainer bets from time-to-time. One example: For a marquee 76ers-Bucks NBA game, FanDuel moved the 76ers' spread 1 point for every 1,000 bets it took on Philly. That resulted in the spread closing at 76ers +54.5, which obviously covered, netting thousands of bettors $50 of free money. FanDuel doesn't do these type of things weekly, but they'll surprise you with some good offers around a Colorado sports team at some point.

Where Else Is FanDuel Legal?

Similar to DraftKings, FanDuel Sportsbook is live in New Jersey, Pennsylvania, Indiana and West Virginia.


Fox Bet Sportsbook

Fox Bet Promo Code & Bonus Offer

Fox Bet offers new customers up to a $1,000 sign-up bonus. That bonus is split into two: The first part is a risk-free bet of up to $500, and the second part is a deposit match up to $500. With the deposit match, the book will match 50% of the amount you first put into your account, meaning a $1,000 deposit could result in a bonus of $500. The bonus payment comes in increments of $10 for every $250 wagered, meaning you'll have to play through $250 several times in order to see your full bonus.

What's the Best Way to Deposit?

Fox Bet offers a variety of ways to deposit into your account, but the most popular methods are online banking/eChecks and PayPal. Because The Stars Group owns both Fox Bet and PokerStars, you can also fund your account via the PokerStars Play+ Card.

Fox Bet Review

Action Rating: 9.4 out of 10 Fox Bet's app is very user-friendly, and their two-tiered bonus is nice. It would be better if the deposit match didn't require such a high rollover, but very few books are offering both a risk-free bet AND a deposit match, so view that portion as a nice, ahem, bonus.

Where Else Is Fox Bet Legal?

Fox Bet is legal in both New Jersey and Pennsylvania, and recently launched in the state of Colorado.


BetRivers Sportsbook

BetRivers Promo Code & Bonus Offer

Clicking this link and using the promo code 250MATCH unlocks a 100% deposit match up to $250. This means that your deposit will be matched dollar-for-dollar in the form of bonus funds. The best part is that you get your bonus bets right away, so if you deposit $250, you'll have $500 to work with from the start. This bonus is only subject to a 1x rollover, meaning once you put those $250 in bonuses into play, the winnings will be transferred to your cash balance, which you can withdraw. Claim this offer now.

What's the Best Way to Deposit?

PayPal or an online banking transfer tend to be the best bets, but BetRivers gives you plenty of other options: Visa, Discover, Mastercard, Play+ and PayNearMe.

BetRivers Review

Action Rating: 9.1 out of 10 BetRivers' new customer bonus is among its best features. The sportsbook offers plenty of bet types and offers users the ability to cash out of existing bets in-game, which is always a great option to have. The biggest negative of Bet Rivers: Its website/app isn't as slick as some of its competitors. [Read our full BetRivers review]

Where Else Is BetRivers Legal?

BetRivers is live with online sportsbooks in Pennsylvania and Indiana. It's owned by Rush Street Gaming, which also operates sister sportsbook SugarHouse in New Jersey and Pennsylvania.

Ultimately, we could see dozens of sportsbooks live in CO. Low barrier to entry for operators will lead to many sports betting sites and apps in Colorado, which will ultimately benefit consumers. In addition to the live books, seven more are expected to debut in the coming months:

Circa
Review Coming Soon
Westgate
Review Coming Soon
Wynn
Review Coming Soon
BetAmerca
Review Coming Soon
Smarkets
Review Coming Soon
Betfred
Review Coming Soon
Scorebet
Review Coming Soon

We graded Colorado on its sports betting bill and experience relative to other states.

How Colorado Compares
Colorado has the best sports betting bill of any newly legal state.

Their arrangement is even better than existing mature markets like New Jersey (no betting on college teams from the state) and Nevada (in-person registrations).

Mobile Betting Options: A 

You can bet on your phone, from anywhere in Colorado. That's as good as it gets in the United States right now. 

Whether you’re in a trendy Denver sports bar or hiking in Rocky Mountain National Park, if you’ve got cell service, you’re set. 

Deposit: A 

Colorado got right what so many other states have gotten wrong -- fully online registrations and deposits. That allows customers to sign up for a variety of sportsbooks with ease and allows players from out of state to drive across the border and place bets similar to New Jersey. 

For those in need of a geographic refresher, that means: sports fans from Wyoming, Nebraska, Kansas, Oklahoma, and New Mexico may visit Colorado on any given game day. 

Colorado's casinos aren't concentrated in populous areas, either. So in-person registrations would have damaged market accessibility in a big way. 

Fair Pricing: A 

Colorado did everything it could to create an environment that would offer fair pricing, though without most sports live, we haven't seen odds for everything yet. 

Check back with us on this in the Fall as we’ve seen major sports come back. 

Offerings: A 

Colorado can't offer everything an offshore sportsbook can, but among legal states, there's no one better than Colorado. You can bet on e-sports, college teams in the state (go Pioneers!), and so much more. 

Colorado's low barrier to entry for sportsbooks will allow some great products to enter the market in the near future, too, like Circa and Westgate.

Colorado's Sports Betting Legalization Process

In November 2019, Coloradans voted to legalize sports betting within The Centennial State. A unique feature of the Colorado bill was an environmental angle: Proposition DD coupled sports betting legalization with a 10% sports gambling tax to support the state’s water conservation initiatives

Despite confidence from state leadership and environmental advocates for the bill, it passed at a tighter margin than anticipated at 51.41% to 48.59%. Still, a win is a win for bettors in CO! Sportsbooks officially started accepting bets in Colorado on May 1, 2020, with DraftKings, FanDuel, BetMGM and BetRivers leading the way-although the much-anticipated launch happened without major sports or casinos open and no major sports live due to the pandemic. 

The best news for local sportsbettors is that the state will become just the sixth so far to offer full mobile betting, which has accounted for more than 80% of the sports betting handle in New Jersey, the most successful state to launch in this new era of legal wagering.

Pre-sports betting, Colorado casinos pulled in $842.1 million in 2018, a record for the state. 

Operators are jumping at the bit to get in on the action, as it's already been reported that PointsBet, SuperBook USA and Circa -- the latter two of which have only had presences in Nevada thus far -- are expanding into Colorado, as well. 

Sports betting will also be legal at Colorado's physical casinos in Central City, Black Hawk and Cripple Creek; the latter two are close to big cities in Denver and Colorado Springs, respectively.

 Like many states, Colorado's economy needs financial mending from COVID-19 setbacks. Sports betting looks to be a route Colorado can lean into, particularly as major sports resume. 

In the meantime, the Division of Gaming licensing office has adapted processes to enable licensing services for prospective operators and vendors.

THE GOOD
The Good: Colorado's Successes
Colorado followed the New Jersey model with a low barrier to entry for online operators, which will create a sustainable environment for sportsbooks and bettors.

That allowed two premier Vegas sportsbooks, Circa Sports and Westgate, to expand beyond Nevada for the first time. That's all excellent.

What impresses us most about Colorado is its willingness to stray away from legacy gambling laws in its quest to create a great sports betting environment. They're leading the way for a better betting legal & logistical framework.

For example, Colorado's single-bet limit in casinos is $100. There were talks that might be the case for sports betting, which would have severely limited the upside for sportsbook revenue.

Thankfully, lawmakers decided against it, and allowed casinos to set their own betting limits for sports.
THE BAD
The Bad: Not Much in Colorful Colorado
Colorado's only shortfall is it's lack of online casino and poker.

New Jersey has seen huge boosts in handle and taxable revenue, especially during the COVID-19 pandemic, through its online casinos and poker.

Colorado missed out there this time around, but we're optimistic they'll refine to even an even better policy in years to come.

Who Regulates Legal Sports Betting in Colorado?

The Colorado Limited Gaming Control and the Colorado Division of Gaming will regulate and oversee legal sports betting within the state.

How Old Do I Have to Be to Bet on Sports in Colorado?

In order to place a legal sports wager in Colorado you must be 21 years of age.

What Colorado Sports Betting Rules Should I Know?

Bettors in Colorado can bet on all professional and college sports; however, they cannot bet on high school sports. Not all prop bets will be allowed, nor will certain e-sports.

The Colorado regulators — Colorado Limited Gaming Control and the Colorado Division of Gaming — will have authority on what bets and props are allowed in the state. Operators will be allowed to apply with regulators to add certain bet types.

When will sports betting be legal in Colorado?

Colorado sports betting was approved in November 2019, and operators were allowed to start taking legal bets on May 1, 2020.

Is it legal to bet on college sports in Colorado?

Yes, Colorado regulators have approved operators to offer bets on professional and college sports. One stipulation: The state does not currently allow bettors to wager on prop bets in college games; you’re only permitted to bet on the game’s outcome.

Betting on high school sports will not be allowed.

Can I place a bet online in Colorado?

Yes, Colorado has fully approved online and mobile betting, which will launch May 2020. Bettors will be able to deposit funds into sports betting websites and apps and place bets if they’re within state limits.

Do I need to be a Colorado resident to be able to bet on sports online?

No, you do not need to be a Colorado resident to be permitted to bet on sports in the state. You simply need to be within the state’s borders. Each sportsbook’s mobile app will detect your location, and as long as you’re in Colorado, you’ll be allowed to open an account and place bets.

Can I bet on my phone in Colorado?

Yes, several operators, including DraftKings, FanDuel, PointsBet, BetMGM and BetRivers have mobile apps that bettors will be able to use to wager. If previous states are any indication, the vast majority of bets in Colorado will be placed online, given the ease of signing up for and betting from an account remotely.

Where can you gamble in Colorado?

Bettors in Colorado will be able to bet anywhere within state limits if they use operators with online and mobile app functionality. Physical casinos in Black Hawk, Central City and Cripple Creek will also likely open sportsbooks where bettors can wager in person if you’d prefer to do so.

Is Bovada legal in Colorado?

Offshore books like Bovada are not legal in Colorado. Operators that have been approved to offer bets in the state include DraftKings, FanDuel, PointsBet, BetMGM, BetRivers, Circa, SuperBook, Wynn, BetAmerica, Smarkets, Betfred and theScore Bet, along with physical casinos with sportsbooks.

How Do Payouts Work?

You can request a payout no matter where you are, and most sportsbooks will wire the money directly to your bank account.

If you come into Colorado from out of state and win money, you can cash out even if you’re back home.

What Sports Can I Bet On?

Colorado will have arguably the best betting menu of any state in the U.S., with all the normal sports available, plus eSports.

The only big market we know won’t be available is player props for college sports.

Can I Deposit With a Credit Card?

Yes. Credit cards will be the most popular option, with the following also available:

  • Prepaid card
  • Direct deposit from bank account
  • Digital wallet (PayPal, Skrill, etc.)
  • Cash or check

Do I Have to Pay Taxes on Sports Betting Winnings?

Colorado sportsbook operators will pay a 10% tax that will be effectively invisible to the consumer.

But your sports betting winnings are taxable. An operator will send you a W-2G form if you win more than $600 with that sportsbook.

You can write off gambling losses as a tax deduction, but only if you also report money won as taxable income. You also need to itemize your deductions — you can’t claim any gambling losses with a standard deduction.

The amount of gambling losses you can deduct can’t exceed the winnings you report as income. With $2,000 in winnings but $4,000 in losses, your deduction is limited to $2,000. You can’t write off the other $2,000 you lost.
Colorado Sports Betting Tips

Sports Betting for Beginners 

If you’re new to sports betting in CO, you likely have questions: How much should you be betting? Where should you be betting on the Nuggets win totals? How do you find the best odds for a Broncos game? Every sport and bet type comes with different nuances. 

Our 11 sports betting tips for beginners can help you make savvier decisions come gametime. 

Sports Betting Glossary 

Sports betting comes with its own language and terminology -- favorites and underdogs, spreads and money lines, over/unders and props, juice and vig and so much more. It can all be a bit overwhelming and intimidating for newer betting enthusiasts, so be sure to consult our sports betting glossary for detailed definitions on all the main terms. 

Don't worry: the online sportsbooks we recommend will also help define these terms within their product to make everything easier for you to understand, too. 

Sports Betting Mistakes to Avoid 

Whether you’re betting on the Rapids game totals or Rockies futures, sports betting isn't easy. It’s important to stay disciplined and not overextend yourself. There will always be ups and downs, but if you stay true to our nine mistakes to avoid, your sports betting experience will be a much more enjoyable one. 

Colorado’s Department of Revenue, Gaming Division offers tools to help bettors manage behaviors responsibility as well.

Colorado Sports Betting Timeline

May 2019

·
Colorado’s General Assembly passed House Bill 1327 in the Senate by a vote of 27-8, to be signed by Governor Jared Polis. This bill provided that sports betting would be legal in the mountain towns of Black Hawk, Central City and Cripple Creek.

November 2019

·
In November 2019, Proposition DD passed a voter referendum with narrow margins.

May 2020

·
State officially launched sports betting on May 1, 2020. Not all online and mobile books will be ready to offer bets in the first of the month, and not all physical casinos will have sportsbooks attached.

July 2020

·
Many physical casinos are currently closed due the coronavirus outbreak, and there's no current timetable on when they will reopen.
Colorado Sports Betting Locations
Online and mobile sportsbooks will use geolocation technology on phones and computers to verify that bettors are within Colorado state limits. See below for a list of physical casinos in Colorado that may offer sports betting themselves or partner with an existing betting operator.
CasinoSportsbookCity
Ameristar Casino Black HawkBarstoolBlack Hawk
Gilpin CasinoGilpin SportsbookBlack Hawk
Golden Gates CasinoDraftKingsBlack Hawk
Golden Gulch CasinoDraftKingsBlack Hawk
Isle Casino Black HawkWilliam HillBlack Hawk
Lady Luck CasinoCaesarsBlack Hawk
The Lodge CasinoSuperbookBlack Hawk
Mardi Gras CasinoPendingBlack Hawk
Monarch CasinoBetMonarchBlack Hawk
Saratoga Casino Black HawkBetfredBlack Hawk
Sasquatch CasinoIGT + SasquatchBlack Hawk
The Wild Card SaloonIGT + WildcardBlack Hawk
Z CasinoPendingBlack Hawk
Johnny Z’s CasinoPendingCentral City
Grand Z Casino HotelPendingCentral City
Century Casino & HotelPendingCentral City
Dostal Alley CasinoPendingCentral City
Easy Street CasinoPendingCentral City
Famous Bonanza CasinoPendingCentral City
Bronco BIlly’s CasinoPendingCripple Creek
Century Casino & HotelPendingCripple Creek
Christmas Casino and InnPendingCripple Creek
Colorado Grande CasinoPendingCripple Creek
Johnny Nolon’s CasinoPendingCripple Creek
McGills Hotel and CasinoPendingCripple Creek
Midnight Rose Hotel and CasinoPendingCripple Creek
The Brass AssPendingCripple Creek
Double Eagle Hotel & CasinoPendingCripple Creek
Wildwood CasinoPendingCripple Creek
Colorado has no shortage of professional and college teams to bet on:

Division I Basketball & Football

Colorado Buffaloes
Colorado State Rams
Air Force Falcons

Division Basketball Only

Northern Colorado Bears
Denver Pioneers

Pro Sports Teams

Denver Broncos (NFL)
Denver Nuggets (NBA)
Colorado Rockies (MLB)
Colorado Avalanche (NHL)
Colorado Rapids (MLS)
Colorado has five professional sports teams, so you can bet via mobile and attend live pro games in person:

  • The Denver Broncos (NFL team): The three-time Super Bowl champion Broncos' home turf at Mile High Stadium in Denver, Colorado. The stadium is nicknamed Mile High due to the city's elevation of 5,280 feet.
  • The Denver Nuggets (NBA team): The Nuggets play each season at the Pepsi Center in Denver.

  • The Colorado Avalanche (NHL team): The Avalanche share the Pepsi Center with The Nuggets.
  • The Colorado Rockies (MLB team): The Rockies play at Coors Field in downtown Denver.
  • The Colorado Rapids (MLS team): The Rapids play at DICK'S Sporting Goods Park in Commerce City, Colorado.

Other Events

Most of Colorado's sports betting events center around their professional teams. Recently, there was even a major move of partnership between sportsbooks & leagues in CO. The Denver Broncos have taken strategic steps to partner with BetMGM. 

Their home stadium will have exclusive BetMGM Lounge and VIP travel packages, making Broncos games a premier sports bettor destination. 

Colorado is also a NASCAR destination, hosting short track races at Colorado National Speedway in Dacono, Colorado, north of Denver.

More Reading on Colorado

  • The CDC Gaming Reports publishes regular gaming news & analysis, which has a wealth of content on the history of Colorado Sports, both aggregated and produced.

  • Top Denver Sportsbars. After COVID-19 settles down and sports return full force, if you want to catch a game at a local sports bar while following action on your phone—Thrillist has the article for you. Check out The Most Fun Sports Bars in (and Around) Denver.  

  • DNVR Membership. To connect with other passionate CO sportsfans, you can join the DNVR family. DNVR has exclusive subscription local journalism, game analytics, and even locker room audio—all rich content for a sports bettor. They even throw watch parties. Want in? Learn more about DNVR.  

For more on U.S. Sports Betting

You can check out the status of other states and learn more about legal sports betting here.

Steve Petrella is a senior editor for The Action Network covering college football, among other things. He's a Penn State grad now based in Atlanta who enjoys great punting, clock-killing drives and turnovers in the red zone.