Colorado Sports Betting

Legal online sports betting and mobile apps in the Centennial State

Colorado is a full-service sports betting state. Coloradans are able to wager on sports from their mobile devices and from several of the land-based casinos in the state.

This new bloom of gambling activity became a reality in Colorado after the passage of Proposition DD in the November 2019 election. The legislatively-referred measure authorized the creation of sports betting in the state as a means to fund the state’s water projects.

The first online sportsbooks in Colorado debuted in May 2020. Read on for all the latest news, updates, and promotional codes that are coming to the great state of Colorado.

Top Colorado Sportsbooks

Rank
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DraftKings Boosted Odds for UFC249

Colorado sports bettors have their first major event to look forward to in the form of UFC 249, which heads our way on Saturday, May 9 from Jacksonville, FL. The card has been on hold for some time in the current climate, but all engines are a go for this weekend. 

The main event of the 12-fight card is a lightweight matchup between Tony Ferguson and Justin Gaethje. Thanks to DraftKings, sports-starved fans have even more reason to look forward to what looks to be a stellar night of action in the octagon. 

DraftKings is offering a boosted odds promo on the main event. It’s a simple bet on the fight going over 11 seconds. The max bet is $25 and must be placed on an individual betslip. 

So why 11 seconds? A few years back, Denver Broncos QB Tim Tebow led the team to a dramatic playoff victory over the Pittsburgh Steelers. The drive took all of 11 seconds in the overtime period.  

UFC 249 gets underway with prelim action on UFC Fight Pass, ESPN, and ESPN+ at 6 PM ET. ESPN and ESPN+ are handling prelim coverage, which begins at 8 PM ET. The main card is a pay per view event which can be purchased via ESPN+ and gets underway at 10 PM ET.  

Big UFC fight cards are always highly-anticipated events, but we can expect the interest to be even higher than normal this time around. DraftKings has provided us with even more reason to plan our Saturday night accordingly. 

Latest updates on Colorado sports betting

Last updated June 17, 2020

While it was far from the first to join the online sports betting environment in Colorado, Sky Ute Sportsbook did break the mold in one area.

Launched via Sky Ute Casino and Resort, the mobile sportsbook stands as the first tribal sports betting app to become available in any US market.

The Southern Ute Indian Tribe soft-launched the app several weeks ago, though the full-on debut was delayed because of the coronavirus pandemic that sidelined all major sports.

Now, though, the Sky Ute Sportsbook is up and running, joining a host of other operators in a crowd that will certainly grow in the coming weeks.

Soon after, Betfred entered the mix as it went live with an online sportsbook courtesy of its partnership with Saratoga Casino.

  • DraftKings
  • FanDuel
  • BetMGM
  • BetRivers
  • Betfred
  • SBK Sportsbook
  • FOX Bet
  • BetMonarch
  • Sky Ute Sportsbook

Which online sportsbooks launched in Colorado first?

The big question about the impending launch of sports betting, aside from the actual date of launch, was which companies will be the first to open their doors. Well, we now have our answer.

As it turned out, the first four online sportsbooks to grace Colorado were:

  • BetMGM
  • BetRivers
  • DraftKings
  • FanDuel

More have since joined, and more are on the way. There are dozens of approved licenses for sports betting active in Colorado right now, and the number of launched sites will only grow.

As it stands, here is a list of live online sportsbooks in Colorado:

OperatorCasino Partner
FanDuel SportsbookGolden Gates Casino
DraftKings SportsbookGolden Gulch Casino
BetRiversJP McGill’s Casino
BetMGMMidnight Rose Casino
Fox BetLady Luck Casino Black Hawk
Sky Ute SportsbookSky Ute Casino and Resort
BetMonarchMonarch Casino Resort
SBK SportsbookBronco Billy’s Casino and Hotel
BetfredSaratoga Casino
Circa SportsCentury Casinos

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 2 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 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 Start Betting Online in Colorado

If you have not had a chance to travel to other states with mobile sports betting, you could be understandably intimidated about getting started. However, playing on a Colorado sports betting app is largely the same as using any other mobile app.

SportsbookOnline / MobileLaunch DateBonus Offer
FanDuel SportsbookYesMay 1Up to $500 Risk-Free Bet
DraftKings SportsbookYesMay 1Up to $1,025 Bonus
BetRivers SportsbookYesMay 1Up to $250 Deposit Bonus
BetMGM SportsbookYesMay 1Up to $500 Risk-Free Bet

Downloading a sports betting app

The first thing to do is to follow one of our links to the sportsbook that piques your interest. You want to make sure to note if we have any exclusive offers for you to use, as there might be free money available.

Once onsite, click on the button for your mobile device’s format. There should be buttons for both iOS (Apple) and Android users.

iPhone users only have to download their apps through the usual process to get started. Make sure to doublecheck whether there is an app specific to Coloradans on your sportsbook of choice, however.

Android users need to set their phones to allow installations from other sources. Then, a visit to the site through their browsers (Chrome) gets the download started.

Registering for a new account

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 appscreen 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:

  • Name
  • Email address
  • Date of Birth
  • Cell phone number
  • Address
  • 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 to deposit and cash out at CO sportsbooks

As is the case with any gaming, you need to 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).

Deposits

In order to get started with betting, you need to deposit funds into your new sportsbook account. Some online sportsbooks might try to get you to do this immediately after registering, but don’t proceed until you are comfortable doing so.

When you are ready to get started, look for a button that leads to the Cashier. This button is usually labeled as such, but it can sometimes simply say “Deposit,” too.

Once there, you have a variety of available options for transferring money online. Most sportsbooks have as many choices as they can, in hopes that every player has at least one method that will work for their financial situation.

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

Now, few sportsbooks have all of these options. Furthermore, the options at a particular site can change as they negotiate new deals with vendors.

Two things that bear mention are a couple of caveats associated with using credit or debit cards to deposit. Though these methods are common, there can be some conditions that can rear their ugly heads if you try to deposit with one of them.

The first problem is that some banks simply won’t allow deposits into gambling sites with their credit cards. Even some major banks, like Bank of America, Chase, and Wells Fargo, are known to decline transactions that go to gambling-based merchants.

Secondly, even if your bank will accept a credit card deposit to a sportsbook, it could very well treat the deposit like a cash advance. Cash advances on credit cards can come with hefty fees attached, so be sure to investigate your card’s terms and conditions before you use this method.

To that end, it’s a good idea to go ahead and figure out which method or methods above would work for you. If a sportsbook does not offer a method that you can use, then that’s a perfectly valid reason to choose a competing site.

One last thing: be sure to check PlayUSA before you submit a deposit request to your sportsbook of choice. We have most of the bonus offers that each sportsbook has, and we often share exclusive deals that simply cannot be found elsewhere.

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 both directions.

Furthermore, some withdrawal methods are only be 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
  • Checks

How to navigate Colorado betting apps

Despite the fact that Colorado has and will have many competing sportsbooks in-state, they mostly have similar formats. After all, it could be jarring to bettors looking to give a new site a try, but not be able to figure out where anything is.

So, generally speaking, the left side of a sportsbook app contains a list of the sports that it offers for wagering. The top sports usually get their own link, then a catch-all link at the bottom, entitled “A-Z Sports” or something similar, takes players to the complete list.

The middle of the page is where the sportsbook hosts its featured bets. These wagers could include current live offerings, odds boosts, or other popular selections that many sports bettors might want.

Finally, the right side of the page is usually the betslip. This section self-populates with any selections that the bettor makes.

The betslip is also where the player can choose to make a bet a parlay or a round robin. If a bet qualifies for a cashout option, the button to exercise the option will illuminate here.

Areas for managing your account are usually in the top ribbon of the app display. The cashier, promotions, and account preference screens are pretty easy to find.

It’s a good idea to pay special attention to the promotions section each time you log onto the site. You never know when a new offer could put hundreds of dollars into your pocket.

Retail sports betting in Colorado

As noted, up to 33 casinos in the state could house brick-and-mortar sportsbooks. That means a majority of the following will feature retail operations:

  • Ameristar Casino, Black Hawk 
  • Black Diamond Casino, Cripple Creek
  • Brass Ass Casino, Cripple Creek 
  • Bronco Billy’s Casino, Cripple Creek 
  • Bull Durham Saloon and Casino, Black Hawk 
  • Bullpen Casino, Black Hawk 
  • Bullwhackers Casino, Black Hawk
  • Canyon Casino & The Grand Plateau, Black Hawk 
  • Century Casino & Hotel, Central City
  • Colorado Central Station Casino, Black Hawk
  • Colorado Grande Casino, Cripple Creek
  • Creeker’s Gaming Hall, Cripple Creek
  • Dan Cooper’s Eureka! Casino, Black Hawk 
  • Doc Holliday Casino, Central City 
  • Dostal Alley Casino & Microbrewery, Central City
  • Double Eagle Hotel & Casino, Cripple Creek 
  • Gold Creek Casino, Cripple Creek  
  • Easy Street Casino, Central City
  • Famous Bonanza, Central City 
  • The Gilpin Casino, Black Hawk 
  • Golden Gates Casino, Black Hawk
  • Golden Gulch Casino, Black Hawk
  • Mardi Gras Casino, Black Hawk
  • Isle of Capri Casino and Hotel, Black Hawk 
  • McGills Hotel & Casino, Cripple Creek 
  • Johnny Nolon’s Casino, Cripple Creek 
  • The Lodge Casino, Black Hawk 
  • Midnight Rose Hotel & Casino, Cripple Creek 
  • Red Dolly Casino, Black Hawk 
  • Grand Z Casino Hotel, Central City 
  • Wild Card Saloon & Casino, Black Hawk 
  • Monarch Casino Resort Spa, Black Hawk 
  • Saratoga Casino, Black Hawk 
  • Silver Hawk Casino, Black Hawk
  • Sky Ute Casino & Resort, Ignacio
  • Uncle Sam’s Casino, Cripple Creek 
  • Ute Mountain Casino & Hotel, Towaoc
  • Womacks Casino & Hotel, Cripple Creek

While not every property is expected to jump at the opportunity to offer regulated sports betting, certainly a good portion of this list will step forward and open a space soon.

Betting on pro, collegiate teams in Colorado

Few cities in America boast an expansive offering of sports as Denver.

The capital of Colorado stands as one of 13 cities nationwide that is home to a franchise from each the MLBNBANFL and NHL. It is one of only six cities in the country that has all of its professional teams play within the metropolitan area.

  • Colorado Avalanche (NHL)
  • Colorado Rockies (MLB)
  • Denver Broncos (NFL)
  • Denver Nuggets (NBA)

Colorado is also home to the Colorado Rapids of the MLS.

The Centennial State also authorizes betting on college sports, though prop betting is prohibited. Such an allowance provides the public the opportunity to wager on NCAA Division I programs such as:

  • Air Force (Mountain West)
  • Colorado (Pac-12)
  • Colorado State (Mountain West)
  • Denver (Summit)
  • Northern Colorado (Big Sky)

What can you bet on at Colorado sportsbooks?

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 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 is 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.

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

Is online sports betting legal in Colorado?

Yes. Online sportsbooks went live in Colorado on May 1, 2020. The first sportsbooks to launch were BetMGM, BetRivers, FanDuel and DraftKings. Colorado bettors can expect to see over a dozen betting sites by the end of the year.

Where will the retail sportsbooks open?

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

What's included in Colorado betting laws?

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.

Do I have to live in Colorado to bet 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.

Can I bet using my iPhone or Android?

Yes, online sports betting is part of the Colorado industry, and operators maintain products that are compatible with Android and iOS devices.

What kind of bets are legal in Colorado?

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
  • Teasers
  • Parlays
  • Totals
  • Moneylines
  • In-game wagering
  • Prop bets on professional sports only

Can I bet on Colorado sports teams?

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

Will CO sportsbooks offer bonuses?

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