Colorado Sports Betting
Colorado became the 19th state to offer legal online sports betting. CO sports bettors can wager on sports from their mobile devices and from several of the land-based casinos in the state.
Colorado sports betting kicked off in 2020 as a means to fund the state’s water projects. You now have the choice between retail sports betting and online sports betting, with multiple apps available.
Read on for all the latest news, updates, bonuses and promos available at Colorado sportsbooks.
Best online sportsbooks in Colorado
What you can bet on right now in Colorado
Latest updates in Colorado
UPDATED: October 2021
Colorado sports betting recorded $212 million in handle for August, according to the CO Division of Gaming.
Revenue for August was $15.2 million which translated to $726,365 in state taxes. Roughly $69.6 million was bet on Major League Baseball while $13.6 million was wagered on the start of the NFL season.
News from PlayColorado.com
Best Colorado sports betting app
Colorado has quickly gone from zero online sportsbooks to more than two dozen Colorado betting sites. Even more launches are expected in the near future. So, it can be difficult to know which ones are the cream of the crop.
We’re here to help. The top six sportsbooks below are the ones we’ve identified as particularly noteworthy. Even if you don’t feel like exploring each one in detail, make sure to take advantage of their bonus offers. You won’t find better deals in CO.
1. DraftKings Sportsbook
Bonus: $50 + $1,000
Bonus Code: Click to Claim Promo
Few sportsbooks, online or otherwise, can offer you the same level of customization that you’ll find on DraftKings Sportsbook in Colorado. New players, who may only know DraftKings from its humble DFS beginnings, will quickly find that DraftKings has some of the most innovative features available to its patrons.
Chief among those options is the betting carousel. This spinning wheel feature appears on the app and suggests bets that you might want to make.
Amazingly, every player’s list of suggestions is different. DraftKings populates the carousel through a combination of your stated preferences and past betting history. As a result, you’re not going to see a list of $1000 bets on sports you hate when you log in – each wager is one that you may have made, anyway.
DraftKings also offers one of the most generous bonus deals to players who use this link to visit DraftKings in Colorado. Once you create an account and make a deposit, you will be eligible for a $50 free bet and a 20% deposit match bonus on your first deposit. This first deposit bonus is good up to $1,000, for a total bonus of $1,050.
2. Caesars Sportsbook
Use bonus code: LEGALRF
Caesars Sports is one of the biggest sports betting operators in the world. The main positive you get with Caesars Sports in Colorado is that it is incredibly easy to use. With so much experience (the company is nearly a century old), the folks at Caesars Sports focus on making the best lines and the smoothest betting experience you can have.
Caesars also offers one of the most lucrative introductory bonuses available in all of sports betting. You can receive a bonus worth up to $1,001 of your first bet matched.
Make sure to use promo code LEGALRF when you sign up to Caesars Sports here.
3. BetMGM Sportsbook
Use bonus code: PLAYBONUS
BetMGM Sportsbook is, to no one’s surprise, the online sportsbook for MGM Resorts. As it turns out, it is also backed by GVC Holdings. So, with that kind of pedigree, it’s no wonder that BetMGM is such a fine place to place a bet.
Obviously, all the standard elements and bells and whistles are present on BetMGM Colorado. However, where the site truly stands out is once you’ve placed the bet.
Like many sites, BetMGM offers a Cash Out or live ticket option on open bets. If your wager meets certain criteria, BetMGM may offer you the option to take a slightly reduced payout and close the bet before the game ends. It’s a win-win for both parties because you get to guard against late collapses and BetMGM gets to cut some of its exposure.
BetMGM takes things further, though, with Edit My Bet. With this feature, you can add to the money you’ve wagered, add new legs to the bet, or even change the participants in the bet itself. It’s a level of flexibility rarely seen in any type of gambling, sports betting or otherwise.
BetMGM also has a fine introductory offer for new players. If you use this link to visit BetMGM and enter the promo code PLAYBONUS with your first deposit, BetMGM will give you up to $1,000 risk-free bet.
Bonus: $22 free with $10 Deposit + 100% up to $2,000 on Deposit
Promo Code: None - Use Links
A name like MaximBet probably doesn’t lead one to think of sports betting. You’d be wrong. The sportsbook is the new brand of the former SportsBetting.com site, which has been in business since September 2020. It is a product of a partnership between Carousel Group and the media company Maxim.
MaximBet in Colorado has distinguished itself with unique in-house software and an ambitious goal. The site has proposed that it will offer odds on more than 10,000 events each month.
Unusually, MaximBet has chosen to keep its oddsmaking in-house, too. The marks that you see onsite are internally derived from the site’s team of experts, so if you’re looking for some different spreads or moneylines, this site might be the place to go.
MaximBet also offers a unique and enticing introductory bonus offer. Use our link to visit the sportsbook to take advantage of the sign-up bonus.
MaximBet is partnered with Johnny Nolon’s Casino, in Cripple Creek.
5. FanDuel Sportsbook
Promo Code: Click to Claim Promo
FanDuel Sportsbook is one of the best sportsbooks you can use. Full stop. Even though the company began as a mere DFS provider, it has quickly grown to be a dominant force in the burgeoning sports betting market.
Downloading the FanDuel Colorado app is easy since FanDuel offers both an iOS and Android app. The first thing you’ll notice about FanDuel is how crisp and fast the app/site moves in its navigation. Online sportsbooks have to be fast-movers due to the ever-changing live betting, and FanDuel is one of the best in this regard.
FanDuel also has a plethora of great bonuses. In addition to a healthy roster of normal promos, you can also find scads of options for odds boosts each day.
New players on FanDuel can make their first bet up to $1,000 with no risk. All you have to do is visit FanDuel here and the bonus is credited to your account. Don’t wait to find out why FanDuel is reigning supreme.
FanDuel in Colorado is partnered with Golden Gates Casino in Black Hawk.
6. BetFred Sportsbook
Bonus code: None - Use Links
The roots of Betfred stretch all the way back to 1967 when the company was founded in the UK. US operations began in 2019 with Betfred launching in Colorado in Sept. 2020 via a deal with Saratoga Casino in Black Hawk. It’s available on the web and also in app form for both iOS and Android devices.
The Betfred Colorado app is clean and easy to use. Everything is laid out in crystal clear fashion. There’s a wide selection of sports and bet types to choose from, and you’ll also find plenty of different funding options. The bet slip is user-friendly, and there are several available options for getting some help should the need arise.
Betfred is also stepping up to the plate with a fantastic sign-up offer that’s available exclusively to our readers. To gain access, just click through on our links to get your account set up.
Use our links to opt-in for a first bet match of up to $1,002.
7. Betway Sportsbook
Bonus code: LVI500
Betway Sportsbook Colorado came online in April 2021 and thanks to a solid welcome bonus it’s making good progress with bettors in Colorado. Betway’s regular sign-up bonus is for a $250 risk-free bet. That offer was boosted to $500 for Colorado users, just as long as you use the Betway promo code LVI500.
The welcome bonus is far from the only reason to sign up with Betway Sportsbook CO though. Betway also runs parlay boost promos that allow you to increase your earnings on winning parlays. You’ll also find that Betway is one of a growing number of sportsbooks offering one-game parlay options.
If all that wasn’t enough, Betway even gives you the ability to cash out most of your bets early. This can be a great way to ensure wins or prevent losing your entire bet.
8. PointsBet Sportsbook
Bonus code: BETBONUS
PointsBet Sportsbook is an Australian sports betting operator that has made a significant splash in the US in the past few years. The site is notable for two distinct things: its willingness to stick up for bettors in last-second upsets and its namesake wager.
PointsBet in Colorado is one of the few sportsbooks that goes to bat for its customers against the winds of luck and fate that can affect sports. Every morning, the company’s so-called “Karma Kommittee” meets to discuss unexpected reversals of fortune that happened the day before. In many cases, the Kommittee will order that bettors be refunded for bets that went awry in the waning moments.
The eponymous wager of the site, the Points Bet, is a unique twist on the standard spread bet. It can offer players the chance to affect their payouts (or losses) radically. Every point of difference between the spread and the actual result becomes a multiplier. Winners get richer, and losers, well, lose.
New bettors to PointsBet can qualify for up to $2,000 in risk-free bets.
So, make sure that you take advantage by visiting PointsBet here. Of all the sportsbooks, PointsBet is the one that will do you right.
List of all Colorado sportsbooks and partnerships
The online sportsbooks above are just a sampling of options available to you. All CO sports betting apps need to be partnered with a casino in Cripple Creek, Black Hawk, or Central City.
Complete list of Colorado sportsbooks
|Online Sportsbook||Colorado Casino Partner||Online Launch|
|DraftKings Sportsbook Colorado||Golden Gulch Casino||May 2020|
|FanDuel Sportsbook Colorado||Golden Gates Casino||May 2020|
|BetRivers Sportsbook Colorado||JP McGill’s Casino||May 2020|
|BetMGM Sportsbook Colorado||Midnight Rose Casino||May 2020|
|Fox Bet Sportsbook Colorado||Lady Luck Casino Black Hawk||May 2020|
|MaximBet Sportsbook Colorado||Johnny Nolon’s Casino||Sept. 2020|
|Caesars Sports||Isle Casino Hotel,|
Lady Luck Casino
|Betfred Sportsbook Colorado||Saratoga Casino||Sept. 2020|
|Betway Sportsbook Colorado||Famous Bonanza Casino||April 2021|
|PointsBet Sportsbook Colorado||Double Eagle Casino||Nov. 2020|
|Sky Ute Sportsbook||Sky Ute Casino and Resort||May 2020|
|theScore Sportsbook||Gilpin Casino||Sept. 2020|
|SBK Sportsbook||Bronco Billy’s Casino and Hotel||June 2020|
|BetMonarch Sportsbook||Monarch Casino Resort||May 2020|
|Elite Sportsbook Colorado||Red Dolly Casino||Aug. 2020|
|Circa Sports||Century Casinos||July 2020|
|BetWildwood Sportsbook Colorado||Wildwood Casino||July 2020|
|PlayUp Colorado||Bill Durham Casino||March 2021|
|Barstool Sportsbook||Ameristar Casino||August 2021|
|ISI Sportsbook||Johnny Nolon's Casino||August 2020|
|Superbook||The Lodge Casino||June 2021|
|Wynn Sports / TwinSpires / Smarkets||Bronco Billy’s Christmas Casino||2020 and 2021|
|Sports Illustrated||Colorado Grande Casino||September 2021|
|Bet365 Sportsbook||Century Casinos||TBD|
|Betsson Sportsbook||Dostal Alley Saloon||TBD|
How online sports betting works in Colorado
Colorado is home to 31 commercial casinos. The properties are located within the city limits of three Rocky Mountain towns – Black Hawk, Century City, and Cripple Creek. The state also hosts two tribal casinos in the southwestern corner of the state. By virtue of their compacts, the tribes are allowed to add any games authorized elsewhere in the state.
Under the law, every one of these casinos is able to apply for a master license for sports betting. The master license authorizes the casino to offer both retail and mobile wagering.
Furthermore, the license allows the bearer to partner with up to two strategic operators. The in-state casinos can use a company for land-based sports betting, a company for Colorado online sports betting, or the same company for both types of betting.
There are no restrictions regarding registration or any other type of activity through mobile sports betting. This freedom is likely critical to Colorado’s success in sports betting since the state contains such wide swaths of famously-rugged terrain.
The only restrictions on betting are on high school sports and esports. Prohibitions on wagering for high school events are ubiquitous throughout the US, and eSports remain a somewhat suspicious commodity for some state lawmakers.
How to sign up for a Colorado betting app
Once you have downloaded and installed the app, the next step is to register for an account. There should be a prominent button in the top right of your app screen that says something like “Register” or “Sign Up.” Pressing that button takes you to the registration form or forms for the site. There, the app asks you for various bits of personal information in order to generate your new account.
Information you may have to provide includes:
- Email address
- Date of Birth
- Cell phone number
- Social Security number (or last four digits)
You are going to need to designate a username and password to allow you access to your account. Additionally, the site may ask you to provide answers to selected challenge questions in order to construct an extra layer of security.
Finally, there may be an optional box for a bonus code somewhere in the registration area. If our link indicates that there is a code, make sure to enter it here.
How remote registration works for Colorado sportsbooks
Coloradans are fortunate. Their state government, in its infinite wisdom, elected to allow players to register for an account remotely.
In other words, it is not necessary for you to travel from your home in Colorado – wherever it is – to one of the land-based sportsbooks in the state. You need only look for our links above in order to access the registration pages for available online sportsbooks in the Centennial State.
This ability is not universal across the US. States like Nevada require some bit of legwork to get started online. So, Colorado residents have already got a win under their belts in that regard – particularly during the winter storms.
In fact, it is not even necessary that you be in the state to register, deposit, and withdraw from your online sports betting account in Colorado. You can build bets, try different combinations, or explore your chosen app in almost its entirety from wherever you are.
The importance of geolocation for Colorado sports betting apps
The only thing that you cannot do from outside Colorado is complete the bet. Colorado sports betting apps are forbidden by state and federal law from accepting wagers across state lines.
However, like all things, it is ineffective to merely say a policy and have no way to enforce it. The more nefarious members of the sports betting community might not be bothered by any kind of prohibition if they can figure out a way to work around it.
Both the sports betting sites in Colorado and the Colorado Division of Gaming require that you submit your smartphone to geolocation verification before you can place a wager. This software will, in most cases, use the onboard global positioning software to verify that you are physically inside the borders of Colorado.
Geolocation verification software is actually quite effective. It can detect stationary targets fairly accurately. In fact, you are more likely to be rejected falsely by the software as being outside the state than you are to bypass its checks by playing near the state line.
The overall effect of this software is to create a virtual fence around Colorado. While that might seem a bit Orwellian, the truth is that the sports betting apps in Colorado face terrible fines and sanctions for play originating outside Colorado, so they simply cannot afford to take enforcement lightly.
How to deposit and cash out at CO sportsbooks
As is the case with any gaming, you need to be able to transfer funds in and out of an online sportsbook to play. The idea of putting actual dollars into cyberspace might seem daunting, but it’s actually a safe and easy process (in most cases).
Typical options that you might find for making a deposit into a sportsbook account include:
- Credit or debit cards (Visa, Mastercard, etc.)
- Online bank transfers (similar to online bill pay)
- Wire transfers
- Electronic checks (ACH or VIP Preferred)
- Prepaid cards (Play+)
- Electronic wallets (PayPal, Skrill, etc.)
- PayNearMe (via 7-Eleven)
- Cash at the land-based casino cage
- Checks or money orders
Cashing out of CO sportsbooks
Of course, the hope when you put money into your sportsbook account is that you will be getting it (and more) back out. So, online sportsbooks have to offer several methods for withdrawal, too.
Now, in most cases, there are fewer methods for withdrawal than there are for deposits. The simple truth is that not all deposit methods can flow in both directions.
Furthermore, some withdrawal methods are only available if you used that method to deposit in the first place. PayPal and Skrill often fall under this restriction, so make sure to investigate withdrawal methods before you deposit.
Generally speaking, most sportsbooks prefer to process withdrawals through either electronic or paper checks. So, if you can receive e-checks, that’s probably going to be the fastest method to withdraw.
Paper checks process and are sent to your mailing address on file. Obviously, this method is slower than many, but it’s mostly a reliable source for getting your money back.
Possible withdrawal methods on online sportsbooks include:
- Online bank transfers (similar to online bill pay)
- Wire transfers
- Electronic checks (ACH or VIP Preferred)
- Prepaid cards (Play+)
- Electronic wallets (PayPal, Skrill, etc.)
- Cash at the land-based casino cage
How legal Colorado sports betting works
Legal sports betting works in much the same way as it does elsewhere. Most sportsbooks in Colorado, be they land-based or retail, should function identically to sportsbooks you’ve played elsewhere.
From single-match outcomes to parlays and professional props, the Colorado sports betting industry runs the gamut:
- Moneyline: Sportsbooks offer lines that suggest the odds of any given team winning a single event. Each line is based on a $100 wager. Favorites carry a negative number; for example, -110, which tells bettors they need to bet $110 to win $100. On the flip side, underdogs can carry a positive number; for example, a +110 says bettors can win $110 on a $100 wager.
- Totals: These over/under numbers indicate how many points, goals, runs, etc., are expected to score in a single game. Bettors simply wager on more or less than the given amount.
- Spreads: These numbers tell bettors how many points/goals/runs a team is favored by. The public can lay money down on the underdog to “cover the spread” (losing by less than the given amount or winning outright) or for the favorite to win by more than the number indicated.
- Parlays: Bets that involve multiple events. Though risky, parlays provide better returns from a smaller stake. That said, one leg’s loss results in a parlay’s loss.
- Teasers: This form of parlay includes spreads, which reduce the risk of individual contests. Wins come more often, but returns remain low.
- Props: Any bet which is on the performance of individual players: yards rushed, points scored and so on. As noted, prop bets in Colorado are only available for pro sports.
- Futures: These wagers rely on a season’s outcome rather than a single game. Betting on a conference, division and league winners are examples of futures wagers.
- In-play: Bets made on an event while the event is ongoing and with odds changing in real-time.
Colorado also allows players to engage in live betting, an exciting and fun type of prop bet. You can bet on hundreds of different micro-events throughout the course of a single match. So, the days of making a bet and having to sweat for two hours are at an end – unless you prefer to sit and sweat.
What you can’t bet on in Colorado
Some states have a laundry list of restricted bets enumerated in their sports betting bills and/or existing laws. Some of the restrictions leave one to wonder what the lawmakers in those states are trying to protect. Thankfully, the roster of what you can’t bet in Colorado is quite short and mostly makes sense.
The first restriction is universal, though. No Colorado sportsbook, either online or live, is permitted to take bets on high school events. Every state that has allowed sports betting so far has had similar language in their laws, and you can basically assume that this prohibition will be in place no matter which states legalize sports betting going forward.
Colorado also restricts wagering on any video game competition unless the competition itself has the thumbs-up from a sports governing body. Exactly which governing bodies will suffice is unclear, but this restriction is clearly meant to curtail the craziness that can follow behind esports.
Finally, Colorado law does not permit proposition betting on collegiate games at all. While most types of prop bet are somewhat rarer choices for betting, this restriction is aimed at pulling back the reins on live betting, since live betting is a type of prop bet. Presumably, Colorado lawmakers are worried about the corrupting effect that having live bets throughout the fourth quarter might have on the potential for moral hazard and ruin at the collegiate level.
Current sports betting options in CO
Sports betting options are blossoming like spring flowers in Colorado. The state’s population made it a target for almost anyone with a sportsbook, and operators have rushed into the Centennial State since May 2020.
Colorado’s population also means that there is representation from every major league in the Centennial State. Naturally, these teams are based around Denver, but in practice, they represent the entire state of Colorado.
With sports betting in full force, you now have the opportunity to place wagers on all of these teams. Some of these wagers are universal, like moneylines and spreads, but others are unique to each sport. So, here are the local teams that you can now put bets onto, and a quick refresh about the types of bets that you’ll find.
NFL Betting in Colorado
There is a single NFL team that calls Colorado home. The Broncos have an illustrious team history with three Super Bowl wins and a reputation for fielding strong contenders each year.
- Denver Broncos: Empower Field at Mile High, 1701 Bryant St, Denver
NFL games also lend themselves to numerous opportunities for proposition wagering. Even if you set aside the tremendous number of bets that you can place in-game, there are props surrounding the yardages that various players or teams can accrue during the game. You can also make wagers about the timing and method of scores that will occur.
NBA Betting in Colorado
Denver is also home to a single NBA franchise. The Denver Nuggets don’t have quite the illustrious pedigree of their NFL brethren, but the team from the Mile High City is usually in the playoff mix.
- Denver Nuggets: Pepsi Center, 1000 Chopper Cir, Denver
In terms of betting on the NBA, games are similar to NFL games in that no game passes without the scoring of many points. The scoring yields opportunities for almost any kind of sports bet that you’d want to place.
More specifically, NBA betting breaks down for many different grades of totals and proposition wagers. Notably, you can wager on the outcome of individual quarters of play, regardless of whether the Nuggets manage to win.
MLB Betting in Colorado
Major League Baseball fans in Colorado are always fans of the Rockies. The team, which sports one of the better uniform color schemes, has had a reasonably solid run since its introduction as an expansion team in 1993, and would have added a World Series trophy to its resume were it not for running into the Boston Red Sox in 2007.
- Colorado Rockies: Coors Field, 2001 Blake St, Denver
Betting on baseball games is a bit different than wagering on football or basketball. Because baseball games tend to be lower-scoring affairs, they use a “run line” in place of the typical point spread. The run line always designates the favorite and underdog as 1.5 points apart, and the book adjusts the odds through manipulation of the payout ratio. In many ways, the run line is quite similar to the moneyline bet.
Because baseball games don’t have much scoring, there are some books that will offer the opportunity to wager on a totals bet for the entire day of games. Irrespective of whether the Rockies are playing, you might be able to lay down a bet about whether the offensive output will be explosive for most teams.
NHL Betting in Colorado
Finally, Colorado sports fans have a lone NHL team to call their own. The Colorado Avalanche, also known as the “Avs,” have brought two Stanley Cup wins back home to the Centennial State since moving to the state in 1995. The Avs share their home facility, the Pepsi Center, with the NBA’s Denver Nuggets, and both teams have partnered with PointsBet.
Colorado Avalanche: Pepsi Center, 1000 Chopper Cir, Denver
Betting on NHL games is quite similar to betting on MLB games. Like baseball, hockey is a lower-scoring game, so sportsbooks have a 1.5-point puck line as a counterpoint to baseball’s run line. Both types of lines function in the same manner as the other, and vary the payout ratios rather than the amount of the spreads themselves.
You can also wager on Avs’ games according to the numerous proposition wagers that are available on most sportsbooks. Questions about which player or team will be the first to score and the exact score that the game will yield are common prompts for betting on the NHL.
With so many options, you might be feeling a bit overwhelmed. However, at the risk of going overboard, sports betting is not the only type of wagering on sporting events that you can do in Colorado. There are also numerous options for betting on races in the state.
Betting on futures in Colorado
One of the most popular casual bets in Colorado is the futures bet. The swagger of placing a preseason wager on your favorite team or player and rooting as hard as possible throughout the season is quite enticing.
Thankfully, Colorado is a land of both size and population. So, there are many professional and collegiate sports teams that can serve as the basis for your futures bets of the, well, future.
Here are some of the teams and futures bets that you can make:
- Broncos: Super Bowl Winner, AFC Winner, NFL AP MVP, NFL Offensive / Defensive Player of the Year, NFL AP Offensive / Defensive Rookie of the Year, NFL Comeback Player of the Year.
- Nuggets: NBA Championship Winner and NBA Eastern Conference Winner
- Rockies: World Series Winner, National League Winner, National League MVP Winner, Cy Young Winner.
- Avalanche: Stanley Cup Winner and Series Betting
- College Football: NCAA National Champion – Colorado, Colorado State
- College Basketball: NCAA National Champion – Colorado, Colorado State
Betting on horse races in CO
There is but one active horsetrack in the state of Colorado at this time. Arapahoe Park in Aurora has implemented stringent procedures to guard against the spread of COVID-19, but hosts live races on Mondays, Tuesdays, and Wednesdays each week.
Big events that Arapahoe Park typically hosts include the Mile High Derby and the Mile High Futurity – both quarter horse races with purses in excess of $100,000. The track also hosts the Gold Rush Futurity for thoroughbreds and several graded races for Arabians.
Colorado is also home to 10 off-track betting locations scattered throughout the state. Naturally, one of these locations is at Arapahoe Park. The rest are mostly concentrated in the eastern part of the state. The lone exception is The 8 Track, which calls Grand Junction home. Here are the locations:
- The 8 Track – Grand Junction
- Arapahoe Park – Aurora
- Big D’s OTB at El Bandido Nightclub – Garden City
- Celtic on Market – Denver
- Elevated Stakes – Colorado Springs
- Havana Park – Aurora
- Off to the Races – Pueblo
- Pick Six Lounge at the Mirage Sports Bar & Grill – Littleton
- Post Time at the Playing Field Sports Bar – Colorado Springs
- Softball Country – TBA
- Sundance Steakhouse & Saloon – Fort Collins
- Pick Six Lounge at Fox & Hound – Lone Tree
Bear in mind that you can also bet on horse racing through your computer or smartphone. Sites like TVG are more than happy to offer you the chance to bet on races not just in Colorado, but throughout the US.
Sportsbook locations in Colorado
Up to 33 casinos in Colorado could house brick-and-mortar sportsbooks, so of course, there are plenty of sportsbooks that are open for business now, too. Every one of Colorado’s casinos is a potential site for a retail sports betting operation.
That fact helps narrow down the locations for the sportsbooks themselves, however. Since Colorado’s casinos are almost entirely confined to Black Hawk, Century City, and Cripple Creek, the sportsbooks are there, too.
The only places that other sportsbooks might pop up are the two tribal casinos in the western part of the state. However, neither the Sky Ute Casino in Ignacio or the Ute Mountain Casino in Towaoc have any definite plans about a retail book.
So far, these are the only retail sportsbooks that are either open or will open soon in Colorado (according to the state website):
- Sportsbook at Ameristar Casino: Open
- Colorado Grande – Cripple Creek: Open
- Johnny Nolon’s – Cripple Creek: Open
- Golden Mardi Gras Casino – Black Hawk: Licensed
- Monarch Casino Black Hawk – Black Hawk: Licensed
- Saratoga Casino Black Hawk – Black Hawk: Licensed
Colorado sports betting laws
Sports betting became legal in Colorado at the conclusion of the November 2019 election. The narrow (51-49) passage of Proposition DD set things in motion to allow every commercial casino in the state to host retail and online sports betting.
By law, Colorado had to launch sports betting on May 1, 2020. Regulators and operators managed to do exactly that, with four online sportsbooks launching on that momentous Friday morning.
As sports betting progresses, the state will continue to work with operators and other stakeholders to refine the rules surrounding the practice. At present, here are the major highlights of Colorado’s sports betting law and rules:
- All of the state’s casinos can apply for master licenses to offer sports betting.
- Master licenses permit the holder to offer a retail sportsbook and one online sports betting skin.
- Pursuant to the retail and online sides of the operation, a master license holder may partner with up to two different operators.
- The state will collect 10% of net sports betting proceeds as taxes.
- Betting on high school sports and esports is strictly prohibited.
- Proposition wagers on collegiate events are forbidden. This restriction extends to live betting.
- Mobile registration is allowed.
- The Colorado Limited Gaming Commission is the oversight body for sports betting in the state.
How big will the sports betting market be in Colorado?
Original estimates said the state could generate $20 million or more from the 10% tax it will charge legal sports betting operators in the state. That would mean operators posting $200 million a year in sports betting revenue.
However, estimates now say the state will collect between $1.4 million and $1.7 million in sports betting tax revenue in the first year. That’ll go up to $10.4 million in the first fiscal year, which is a more conservative estimate of $100 million in gambling revenue in the first full year with legal sports betting in Colorado.
States with Legal Online Sports Betting
- Illinois Sports Betting
- Indiana Sports Betting
- Iowa Sports Betting
- Michigan Online Sports Betting
- Nevada Sports Betting
- New Hampshire Sports Betting
- NJ Online Sports Betting
- Ohio Sports Betting
- Pennsylvania Sports Betting
- Tennessee Online Sports Betting
- Virginia Online Sports Betting
- West Virginia Sports Betting
Background on Colorado sports betting laws
Gaming expansion in Colorado has not fared well in recent years.
In 2014, voters decisively shot down a proposal to expand racetrack casinos. That came a year after lawmakers in the state attempted to craft legislation to legalize online poker; such an effort faced a similar fate as the expanded casinos.
Attitudes appeared to shift following the US Supreme Court’s repeal of PASPA in 2018. Nearly a year later, a bill to legalize sports betting, H 1327, sailed through the Colorado House and the Senate Finance and Appropriations committee.
Still, another hurdle remained before celebrations began. The state’s Taxpayer Bill of Rights (TABOR) requires a public vote on any bill that would raise taxes. As such, the effort to legalize wagering, known as Proposition DD, hit the November 2019 ballot.
Many believed a roaring success was in store. Instead, the public created a nail-biter. After two days of back-and-forth ballot counting, Proposition DD passed with 51.16% of the vote. As a result, regulated sports betting arrived in Colorado by May 2020.
State law limits brick-and-mortar betting to casinos in Black Hawk, Central City and Cripple Creek. Properties in those towns have mostly secured their master licenses and are authorized to launch land-based sports wagering, online sports betting or both.
Regulated by the Colorado Division of Gaming, sports betting now has net revenue taxed at a 10% rate.
Colorado Sports Betting FAQ
Up to 33 casinos could apply to operate retail and online sportsbooks. Land-based operations, however, would be limited to the three areas of the state that host casinos:
- Black Hawk
- Cripple Creek
- Central City
Casinos can apply to operate land-based and online sportsbooks with net revenue taxed at a 10% rate. These funds will go toward the state’s water management plan as well as toward efforts to address problem gambling.
Bettors can wager on professional and college sports, but prop bets for collegiate events will be prohibited.
There aren’t wagering on high school sports or video games in “not sanctioned by a sports governing body as an electronic competition.”
Bettors must be at least 21 years old to bet and within state lines when gambling online.
No. Both residents and visitors to Colorado will be able to access its sportsbooks. The only requirements are that you’re of legal age and physically inside the state lines when you bet online.
Yes, online sports betting is part of the Colorado industry, and operators maintain products that are compatible with Android and iOS devices.
The bill that legalizes sports betting details the types of bets that will be allowed by regulators. And, for the most part, the list resembles that of nearly every other state:
- Single-game bet
- In-game wagering
- Prop bets on professional sports only
As the bill is written, yes. Not only on Colorado’s professional teams but also the state’s colleges.
The list includes:
- Colorado Avalanche (NHL)
- Colorado Rockies (MLB)
- Denver Broncos (NFL)
- Denver Nuggets (NBA)
- Colorado Rapids (MLS)
- University of Colorado
- Colorado State
- Air Force
Yes. There is and will be a lot of competition between CO sports betting apps, and a lot of opportunities to grab a welcome bonus. These take several forms:
- Free play bonuses: Small amounts (for example $20) simply for registering
- Matched first deposit bonuses: Usually a 100% match to your first deposit
- Risk Free Bets: Refunds if your first bet is not a winner (Up to $500 or more)
- Promos / special offers: It is worth keeping an eye on the “promotions” pages for extra deals