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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Top Colorado Sports Betting Sites & Apps [Updated August 2020]
While we'd expect even 30 online sportsbooks taking bets in Colorado in the future, that won't be the case initially. Here are the top books live now, along with their bonus offers:
BetMGM Sportsbook (Roar Digital)

CO Master: Midnight Rose Hotel and Casino

BetMGM Promo Code & Bonus Offer. BetMGM's new-customer offer is 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). 

What's the Best Way to Deposit?

BetMGM accepts deposits via American Express. PayPal and online bank transfers are also options.

DraftKings Sportsbook

CO Master: Golden Mardi Gras

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. 

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. 

FanDuel Sportsbook

CO Master: Golden Gates Casino

FanDuel Sportsbook Promo Code & Bonus Offer. FanDuel does not require new customers to use a promo code. Just click this link to qualify for a $500 risk-free bet. 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. 

What's the Best Way to Deposit?

PayPal, online banking transfer, Visa and Mastercard are available.

Fox Bet Sportsbook (part of The Star Group)

CO Master: Lady Luck Casino

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.

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.

BetRivers Sportsbook (Rush Street Interactive)

CO Master: J.P. McGill's Hotel and Casino

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. 

What's the Best Way to Deposit?

PayPal or an online banking transfer tend to be the best bets,. BetRivers also allows Visa, Discover, Mastercard, Play+ and PayNearMe.

Colorado Sportsbooks

In addition to our recommended sportsbook offerings for Colorado, here are others on the roadmap for the state:

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
Elite Gaming
Review Coming Soon
BetWildwood
Review Coming Soon
Monarch Casino
Review Coming Soon

We took a look at Colorado's sports betting bill--mobile availability, sportsbook options, available markets, and more. Here's how the state lines up vs. the US.

How Colorado Compares
Colorado's sports betting market is something special for sports fans, as well as experienced and novice bettors alike. Why? Colorado has the best--meaning least restrictive--sports betting bill of any newly legal state.

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

It's easy to sign up online and there is a low barrier to entry, so plenty of sportsbooks are launching. There are no overly restrictive constraints on bet types. With plenty of beloved pro teams and local activity to bet on, the state will be an attraction for bettors. Due to the ease of mobile betting, we wouldn't be surprised to have commuters travel over state borders to bet in CO as football returns in September.

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, to recover.

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. But for those who prefer to bet in person, here is the latest on approved retail sports operators from Colorado's Department of Revenue:
Saratoga Casino
Retail Sports Operator: Betfred. With over 1,200 slot machines, electronic table games, and keno and video poker, Saratoga Casino has a lot to offer. It also has six restaurants and bars, live entertainment, and live racing.
Monarch Casino Blackhawk
Retail Sports Operator: Monarch Casino Blackhawk. Monarch Casino Blackhawk houses a sportsbook that uses its own BetMonarch app. In addition to betting on athletics, the resort will soon get some athletic features of its own; a fitness center, pool, and spa are on the way.
Golden Mardi Gras Casino
Retail Sports Operator: DraftKings. The DraftKing Sportsbook at Mardi Gras Casino Black Hawk opened July 10, just over two months after legal sports betting launched in the Centennial State. The Casino also has slots, table games, and poker, as well as seven different bars and restaurants.
BetWildwood (ISI)
Master: Wildwood Casino. Called Woody's Sportsbook and located in Cripple Creek, the Wildwood sports betting scene is a solid one for those in the area. The sportsbook features a TV wall, betting kiosks, a full bar, and food. The book launched in July, and launch promotions are available via registration. Online betting is available.
Ameristar Casino Black Hawk
(Launched 07/21/20) Retail Sports Operator: Ameristar Casino Black Hawk. The sportsbook at Ameristar Casino Black Hawk features five sports betting terminals and 20 sports betting kiosks, which are located in Bar 8042. The sportsbook is temporarily located on the second level of the casino while a permanent area int he main rotunda is built.
Johnny Nolon’s
(Launched 08/1/20) Retail Sports Operator: ISI. Known for its loose slot machines, Johnny Nolon's is located in Cripple Creek, similar to Wildwood Casino. The casino also has drawings, and there is a dining room where food can be ordered.
Colorado Grande
(Launched 08/3/20) Retail Sports Operator: ISI. In addition to gaming and sports betting opportunities, rooms at Colorado Grande are considered complimentary for qualified casino guests. The casino also includes dining options such as Jack's Cafe, Maggie's Restaurant, and Maggie's Club.

College sports fans are excited for sports to fully return, because there's plenty of action to be had. Here's more on the top CFB programs and rivalries in CO:


University of Colorado Boulder, CO

CU Buffs Football | Schedule | Roster

  • The CU Buffs has a longstanding college football rivalry with the Nebraska Cornhuskers. It remains to be see when this standoff will happen due to COVID upending traditional game calendars. If it happens this year or next, we expect plenty of action.

Colorado State University Fort Collins, CO

CSU Rams Football | Schedule | Roster

  • CSU vs CU. Colorado State has a fierce in-state rivalry with the CU Buffs-two big schools in the state pitted against each other. This annual head to head is known as the Centennial Cup and will certainly attract CO bettor attention.
  • CSU vs UW. Colorado State also faces Wyoming Cowboys for the “Bronze boot” every year, a rivalry referred to as the “Border War.”

Air Force Academy Air Force Academy, CO

Air Force Falcons Football | Schedule | Roster

  • Another in-state rivalry college football fans are excited for each year is Air Force Falcons vs. Colorado State.

University of Northern Colorado Greeley, CO

UNC Bears Football | Schedule | Roster

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:

NFL Betting in Colorado

  • 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. Ready to put cash on the Broncos? We've got a great set of NFL betting tips to check out first.

Official Website | Roster| Schedule 

NBA Betting in Colorado

  • The Denver Nuggets (NBA team): The Nuggets play each season at the Pepsi Center in Denver. A Nuggets fan? Catch our latest NBA coverage to get insight into the competition before betting.

Official Website | Roster | Schedule

NHL Betting in Colorado

  • The Colorado Avalanche (NHL team): The Avalanche share the Pepsi Center with The Nuggets. Before putitng money down on the Avalance though, we recommend reading our thorough how to bet on hockey guide. The NHL is a softer market to bet on, but that doesn't mean it's an easy win.

Official Website | Roster | Schedule 

MLB Betting in Colorado

Official Website | Roster | Sch edule 

MLS Betting in Colorado

Official Website | Roster | Schedule 

For any level of sportsfan, Colorado is a great place to be and bet.

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

For more on CO’s Laws and Regulations for Gaming, see here, or check out the Limited Gaming Act If you want to dive into the deep legal details: here is Colorado House Bill 1327, which was a precursor to Proposition DD, that narrowly passed to the surprise of many locals.

For more on the regulation of the legalized sports betting in Colorado, you can browse the state websites for the Colorado Limited Gaming Control Commission and the Colorado Division of Gaming

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.

For local CO sports coverage to supplement The Action Network, you can also check out columns in The Denver Post, The Gazette, and The Chieftan.

Discover top Denver sportsbars to watch your action unfold. 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.  

Tap into the CO sportsfan community with 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

Sports betting is already live in states like Pennsylvania, New JerseyIndiana, West Virginia, Illinois–and coming soon to Tennessee. You can check out the legal status of all 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.