Colorado Sports Betting
Top Legal Colorado Sports Betting Sites & Apps
When it comes to legal sports betting sites and apps, Colorado residents have plenty of options on the table. On May 1, 2020, sports betting became legal in the state. On the day of the debut, many sportsbooks were ready to go, and many more have since followed.
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In Colorado, the BetMGM app was one of the first. MGM Resorts International and Entain plc formed a joint venture to create the sportsbook. BetMGM has been regularly establishing a significant presence in a lot of legal jurisdictions, and Colorado is no exception. A specialized area for live betting, as well as a variety of specialty sports, are among the highlights.
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BetRivers, a part of the Rush Street Interactive family, continues to expand its reach. The app, which was one of the first to debut in Colorado and was associated with JP McGill’s, has been a hit in a lot of cities. Among the elements that have helped BetRivers stand out include a great rewards program, frequent promotional possibilities and an overall clean product.
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DraftKings is off to a solid start in the state, as it has done in several other legal areas. The app’s best features are its live betting approach, a large selection of prop bets, and the general fluidity of the mobile betting experience.
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FanDuel is striking a lot of the right notes as a market leader in several legal jurisdictions. The app is praised for its aesthetics as well as its usefulness. FanDuel offers all of the main markets and bets, as well as a variety of financing options and popular features such as same-game parlays.
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PointsBet began operations in the US in January 2019 and subsequently relocated its headquarters to Denver. Its initial port of entry was in New Jersey. Since then, the brand has grown to other states and broadened its reach via high-profile promotional collaborations. PointsBet also launched a new wagering option. It’s called PointsBetting, and it gives you greater control over the risk-reward equation.
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Caesars Sportsbook has been progressively growing its footprint throughout the United States. The firm debuted in Colorado in September 2020 as William Hill before changing its name to Caesars a year later. That came following Caesars’ acquisition of William Hill that same year. It also has a presence in the state’s retail sector. Behind the scenes at Caesars, there’s a lot of expertise, and it shows in an efficient platform that helps you get down to work fast.
Colorado is one of five states where WynnBET has opened so far, with ambitions to expand to more in the future. The sportsbook is part of Wynn Resorts’ online gaming business, which operates high-end casinos in a variety of locations. The software itself is attractive and simple to use.
Other Legal Sportsbooks In Colorado
- Bally Bet
- Circa Sports
- Elite Sportsbook
- FOX Bet
- Sports Illustrated
How we pick the best sports betting sites in Colorado
Choosing a sportsbook to place your wagers on should not be as much of a daunting task as it is seen by most sports bettors these days. The thing to remember is that each sportsbook is a unique product that has its pros and cons. Therefore, choosing the one that suits your needs and preferences the best is the optimum approach. There are a lot of aspects of a sportsbook to look for when picking the best of the bunch. We explore the following when determining what sets a sportsbook apart from the rest.
- Quality of odds
- Quality of lines
- Mobile betting experience
- Live betting options
- Betting markets
- Promotions and bonuses
- Customer support
How to start betting in Colorado
If you want to wager legally on sports betting apps in Colorado, these are the fundamental things to do.
- Install the app (or applications) you wish to use for betting
- Create an account with the app
- Deposit money into your account
- Anyone who is 21 years of age or older may begin betting after completing these requirements. To bet, you must be physically present in Colorado; bets placed outside of the state’s boundaries will be rejected.
Colorado sportsbooks provide a variety of banking alternatives
Depositing and withdrawing funds for Colorado online sports betting may be done in a variety of ways. The choices vary depending on which sportsbook you use, but here are some of the more common ones:
- Bank transfers and online banking
- Credit cards are accepted
- Debit cards can also be used (bank or prepaid cards)
- PayNearMe (which is conveniently available at cashiers of 7-Eleven and other retail stores)
- Casino cages
Benefits of betting online in Colorado
While most sports betting occurs before the commencement of a game, the growth of internet betting in Colorado and elsewhere have made betting during a game viable and increasingly popular. Live sports betting is now a great way to increase the excitement, thrill, and complexity of your sports betting experience. Live odds are available on many sportsbooks applications, including spreads, money lines, and occasionally even prop bets on events that occur during a game. What’s available for live betting varies greatly depending on the sportsbook you use and the game or sport you are interested in. There are also other incentives and benefits of betting online on sports in Colorado, such as
- Convenience offered
- High-quality odds and lines
- Betting on the go with good quality mobile applications
- Enticing bonuses and promotions
Most popular sports to bet on in Colorado
At regulated US sportsbooks, the four major professional sports, as well as college football, make for the majority of bets. When sports betting in Colorado began, here’s how betting on those four leagues looked:
Betting on the NFL in Colorado
As expected, legal NFL betting swiftly overtook other sports betting options in Colorado. Professional football is, without a doubt, America’s favorite sport to bet on.
MLB betting in Colorado
Baseball betting has been a consistent source of handle for Colorado sportsbooks. The MLB season runs from March through October or November, with Spring Training in March and the World Series in October or November.
NBA betting in Colorado
Betting on the NBA has a lot of popularity in the United States. While March Madness reigns supreme in terms of events, professional basketball betting (particularly in-play betting) is on the rise.
NHL betting in Colorado
Colorado offers some of the best NHL betting opportunities. At both the professional and college levels, hockey is a significant business in Colorado.
MLS betting in Colorado
In comparison to other professional sports, betting in US professional soccer leagues is still a minor business. International soccer betting generates more handle than Major League Soccer betting.
Colorado Sports teams to bet on
Colorado is home to a variety of professional sports teams. The Denver Broncos have one of the most passionate fan bases in the NFL, with home games often selling out. From the start, the Broncos have been one of the most popular bets in the Colorado sports betting market. The Denver Nuggets have been one of the most consistent NBA teams in recent years. In the NBA’s Western Conference, the squad has a winning record, including excellent performances at home at the Pepsi Center. The Colorado Avalanche of the NHL is a young squad with several young talents. The Avalanche have one of the most devoted fan groups in the league, which fuels pro hockey betting. In 2020, the Colorado Rapids of Major League Soccer celebrated its 25th anniversary. The squad, which is based in suburban Denver, won the league championship in 2010.
Other Sporting Events in Colorado to bet on
Apart from popular sports leagues and tournaments, some other sporting events are known among sports bettors in Colorado. Horse racing is a classic sports betting attraction in the US, and Colorado is no exception. Apart from horse racing, greyhound racing also has a sizable betting audience. Lastly, betting on niche events such as water polo and darts is also possible.
Colorado Sports Betting Mistakes to Avoid in Colorado
Sport betting mistakes to avoid Sports bettors can sometimes make costly mistakes and lose a lot of money. There are several mistakes Colorado sports bettors need to avoid. These are some possible actions:
- Double-check the amount you are placing bets on.
- Ensure that you have a bankroll that is well managed at all times
- Keep your organization and discipline intact
- Use statistical data from reliable sources to incorporate useful and accurate information
- As soon as possible, reduce and stop your losses. Do not try to catch up.
Best Colorado Sports betting bonuses and site promotions
There has been a rush to gain consumers from most sportsbooks since the legalization of online sports betting in Colorado. The early years of sports betting are important for anybody operating a sportsbook, and many of them provide lucrative incentives to compete for market share. The two leaders in the young US sports betting market, DraftKings and FanDuel, have traditionally been the most active on this front. Here are some of the most common incentive kinds offered by sportsbooks to entice new customers:
No deposit bonus:
Some sportsbooks will provide you free money to wager without requiring you to make a deposit. These sums are usually minimal, and if you win with the free money, you must meet play-through criteria before you can withdraw it.
Risk-free bets are wagers that a user gets after making their initial deposit. You may place a “risk-free bet,” and if you win, you just receive the profit (not the original stake). If you lose the bet, you will get a credit on the site equivalent to the value of the risk-free bet.
Deposit match bonus:
This classic bonus provides players with funds to wager with. Play-through conditions, again, apply to the bonus.
Colorado Sports Betting Law
There are some fundamentals of Colorado’s sports betting law:
- Sports betting providers that work with casinos in the state are licensed by the state.
- Both online applications and traditional sportsbooks are available for betting.
- To wager, bettors must be 21 years old and be present in the state.
There are a few more specifics. The legislation establishes three different categories of licenses:
- Master License
- Sports Betting Operator
- Internet Sports Betting Operator
Any of Colorado’s 33 casinos may apply for a master license. According to Colorado Gaming Division sports betting laws, there is an initial nonrefundable cost of $10,000, followed by a two-year license fee of $125,000. After that, a licensed casino might create a partnership with both a land-based and an online operator (or use the same partner for both) and employ a single online/mobile platform. Colorado sports betting benefits from a 10% tax rate because it promotes a business-friendly environment. Under present legislation and regulation, both esports and high school sports betting are prohibited.
Is sports betting legal in Colorado?
Yes, both online and retail sports betting is legal and operational in the
US state of Colorado.
Who regulates and oversees Colorado sports betting?
The Colorado Division of Gaming is the government body that oversees and regulates gambling and betting in the state of Colorado.
Where can I bet on sports in Colorado?
You can place a wager anywhere within the borders of the state. However, in the case you are outside the state, your wagers will be rejected, thanks to the identification of your location via geolocation technology.
Is mobile sports betting in Colorado available?
Yes. It is fully legal and operational in the state. 20+ sportsbooks in Colorado offer fully mobile-capable sports betting in the state.
Who can bet on sports in Colorado?
Anyone above or of the age required for gambling, which is 21, can place bets in Colorado. However, a valid account on a legal sportsbook is also required.
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