Colorado Sports Betting

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Colorado sports betting is available online and rates as one of the most active online sportsbooks found in the United States. Each of the approximately three dozen casinos in the state is allowed to provide sports betting to the general public, online and via retail sportsbooks.

As a consequence, new sportsbook applications are being released on a near-monthly basis. Sports Illustrated Sportsbook, which launched in September 2021, is the most recent addition. As of now, 12+ betting applications are now available in Colorado.

Welcome bonuses, boosted odds, and promos are all available in Colorado sportsbooks. While betting on the NFL is the most popular attraction in any legal sports betting jurisdiction, Colorado sports gamblers also prefer betting on niche sports like table tennis.

While it has not yet surpassed New Jersey in terms of handle, it is a force to be reckoned with in terms of the number of sites and the speed with which it has authorized and released applications since May 2020.

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.

Bally Bet

  • Launched in May 2021
  • Golden Gates, Golden Gulch, and Mardi Gras are some of its partners.

Following a successful purchase of the legendary brand name from Caesars, Twin River Worldwide Holdings officially changed its name to Bally’s in November 2020. Bally has enormous intentions for sports betting in the US. In May 2021, the sportsbook opened in Colorado, using the licenses of three in-state casinos under its corporate umbrella.

Barstool

  • Launched in August 2021
  • Ameristar Casino is a partner

Penn National Gaming bought a 36% stake in Barstool Sports in January 2020. Since then, Barstool has launched online and via mobile in nine states. It debuted in Colorado in August 2021, thanks to a partnership with Ameristar Casino in Black Hawk, which also has a Barstool-branded retail book.

Betfred

  • Launched in September 2020
  • Saratoga Casino is a partner

Betfred Sports was founded in 1967 in the UK. In 2019, the firm moved to the United States, and in 2020, it was able to start in Colorado on the first day of the NFL season. Betfred operates a retail book at Saratoga Black Hawk Casino and has made news for promotional relationships with local professional sports clubs.

BetMGM

  • Launched in May 2020
  • Midnight Rose Casino is a partner

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.

BetMonarch

  • Launched in May 2020
  • Monarch Casino is a partner

Monarch Casino Resort Spa Black Hawk has developed a unique approach to sports betting on mobile devices. While many brick-and-mortar casinos work with third-party providers, this one developed its own software. The layout was created by Miomni Gaming, and customers can earn reward points when betting.

BetRivers

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  • Launched in May 2020
  • JP McGills Casino is a partner

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.

BetWildwood

  • Launched in July 2020
  • Wildwood Casino is a partner

The Wildwood Casino in Cripple Creek has likewise decided to create its app. Woody’s sportsbook is open to the public, and visitors may utilize the BetWildwood app to bet on the go. The site is simple to use and browse, with a large selection of sports to gamble on.

Circa Sports

  • Launched in July 2020
  • Century Casinos is a partner

Circa Resort & Casino, a famous downtown Las Vegas attraction, has a mobile option. The Circa Sports app was the company’s first effort into sports betting outside of Nevada when it launched in Colorado.

International Gaming Technology collaborated on the app’s development. Circa tries to differentiate itself in a competitive market by prioritizing betting value.

DraftKings

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  • Launched in May 2020
  • Mardi Gras Casino is a partner

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.

Elite Sportsbook

  • Launched in August 2020
  • Red Dolly Casino is a partner

In August 2019, Elite Sportsbook opened its doors in Iowa. It arrived in Colorado about a year later, thanks to a partnership with Red Dolly Casino. The site is geared for Android browsers, and there is an app for iOS. “Progressive parlays” with insurance are among the in-house features. For the time being, your funding choices are restricted to Play+ or cash at the casino cage.

FanDuel

  • Launched in May 2020
  • Golden Gates Casino is a partner

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.

FOX Bet

  • Launched in May 2020
  • Lady Luck Casino is a partner

This sportsbook was created as a consequence of a collaboration between The Stars Group and the media conglomerate FOX. The app is frequently promoted on FOX Sports broadcasts, but it offers much more than simply a well-known brand name. Regular promotions, including network stars, as well as a clean, easy-to-navigate interface, are available to users.

MaximBet

  • Launched in September 2020
  • Johnny Nolan’s Casino is the partner

To create the new MaximBet Sportsbook, Johnny Nolan’s Casino Carousel Group teamed up with Maxim. It is now only accessible in Colorado, but the business plans to expand its reach in the near future. For the time being, the site is only available on iOS, although it is being developed for Android. It has a simple interface and a good assortment of markets and bets.

PlayMaverick

  • Launched in March 2021
  • Maverick Gaming is a partner

In Colorado, Maverick Gaming operates three casinos: Grand Z, Johnny Z’s, and Z Casino. The firm manages its own sports betting operations and collaborated with International Gaming Technology to create an app. Users will discover a simple interface and a somewhat limited selection of sports to gamble on.

PlayUp

  • Launched in March 2021
  • Bull Durham Casino is a partner

In addition to its native home of Australia, PlayUp has operations in New Zealand and India. With the introduction of its sportsbook in Colorado in March 2021, the firm is now a member of the US sports betting scene. The Bull Durham Casino in Black Hawk has a Colorado market access deal with PlayUp.

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  • Launched in November 2020
  • Double Eagle Casino is a partner

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.

SBK

  • Launched in June 2020
  • Bronco is a partner

In June 2020, Billy’s Casino SBK Sportsbook made its US debut in Colorado. Smarkets, located in the UK, is the parent firm, and it tries to put the social component of gambling first. The user interface is simple, with an on-site scoreboard for keeping track of progress.

Sports Illustrated

  • Launched in September 2021
  • Colorado Grande Casino is a partner

In the summer of 2021, Authentic Brands Group, the parent company of Sports Illustrated, struck a collaboration with 888 Sport. The idea was to open sportsbooks under the renowned SI banner. The first point of entry came in September 2021 in Colorado, thanks to a contract with Colorado Grande Casino in Cripple Creek.

Caesars

  • Launched in August 2021
  • Lady Luck Casino and Isle Casino are partners

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.

WynnBet

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  • Launched in November 2020
  • Bronco Billy’s Casino

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.

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.

  1. Quality of odds
  2. Quality of lines
  3. Mobile betting experience
  4. Live betting options
  5. Betting markets
  6. Promotions and bonuses
  7. Interface
  8. 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)
  • PayPal
  • 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 oi9n 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
  • Variety of betting markets
  • 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:

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:

  1. Sports betting providers that work with casinos in the state are licensed by the state.
  2. Both online applications and traditional sportsbooks are available for betting.
  3. 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.

Colorado Sports Betting FAQ

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.