Colorado Sports Betting: The Top Sportsbooks in the State

Colorado is no stranger to the world of sports, with some of the biggest teams and wildest sports. However, with legalized sports betting, Colorado now offers a dynamic and diverse landscape for sports enthusiasts and bettors. We'll guide you through Colorado's best sportsbooks and the intricacies of legally placing your bets in the Centennial State.
Colorado Sports Betting Quick Facts
Sports Betting StatusLegal
Start DateMay 1, 2020
Legal Betting Age21
Online/In App BettingYes
Corresponding BillHB19-1327
RestrictionsBetting on high school sports, proposition bets on college games and esports betting are prohibited.
Colorado Sports Betting with Coach Prime

Table of Contents

Top Sports Betting Apps in Colorado

Colorado sports bettors have a plethora of sportsbook options to choose from in 2024. Here are some of the best out there, along with their bonus offers.

BetMGM Sportsbook

First Bet Offer $1500

Excludes NY, NC, NV and PR | Promo Code: EWBET1 4.9 Stars out of 5.0
Bet365 Sportsbook

Choose your Offer: Bet$5 Get $150

or Get a First Bet Safety Net up to $1,000 | Promo Code: 365BV1 4.5 Stars out of 5.0
DraftKings Sportsbook

Bet $5 and Get $150 in Bonus Bets Instantly

New Customers Only 4.9 Stars out of 5.0
FanDuel Sportsbook

Bet $5 Get $200 in Bonus Bets

If Your Team Wins 4.8 Stars out of 5.0
21+ and present in CO. Gambling Problem? Call 1-800-522-4700.
Caesars Sportsbook

Bet Up to $1,000 on Caesars

Win or Get a Bet Credit Back | Promo Code: BV1000 4.8 Stars out of 5.0
Sporttrade Sportsbook

Up to $300 Cash Back

Earn 10% On Each Bet in First 7 Days 4.6 Stars out of 5.0

Not a bad lineup of online sportsbooks.  There are more, but we wanted to highlight not just all of the sportsbooks, but the best sportsbooks.  These are the ones that you can get the most bang for your buck and have a good time.  Plus, if you look at the reviews of any of these sportsbooks you’ll see that almost everyone else agrees. 

What’s the Best Colorado Sportsbook Sign Up Bonus?

While the best can change from month to month, the best Colorado sportsbook promotion is currently Bet365’s sign up bonus They’re offering a “Choose your Offer: Bet$5 Get $150 !”  Of course, you’ll have to use the promo code 365BV1 to get the offer. Also keep in mind that’s for the month of June.  Next month, who knows which it’ll be but we’ll update you when we get it.

Bet365 Bonus Code

Master List of Casinos and Sportsbooks in Colorado

Looking for a specific online sportsbook in your area, or maybe a name outside of the popular pick above? Check out the complete list of legal sportsbooks (which include legal online sportsbooks as well) available in Colorado, the casino they are partnered with, and their launch date below. Many of these online sportsbooks offer extremely competitive odds.

SportsBookCasinoLaunch Date
BarstoolPenn National GamingLIVE
TipicoCentury CasinosLIVE
BetAmericaFull House ResortsLIVE
BetRiversTriple Crown CasinosLIVE
Circa SportsCentury CasinosLIVE
SBKFull House ResortsLIVE
SuperBookThe Lodge CasinoTBD
CaesarsLady Luck CasinoLIVE

colorado sports betting details and faqs

What Makes the Colorado Sports Betting Market One of the Best?

The Colorado sports betting market is one of the best in the nation, and for good reason. It’s not just about the numbers, although they are impressive — Colorado sportsbooks have generated over $800 million in gross gaming revenue in just three years. We think that number will continue to grow as legalized betting takes hold and more online sportsbooks set up shop.

But what really sets Colorado apart is the variety they offer to bettors (residents and non-residents can both bet on games). With access to 20 of the top sportsbooks, more than any other state, the opportunities to place your bets and get in on the action are abundant. Whether you’re a fan of football, basketball, baseball or any other sport, there’s a platform for you. In fact, we love nothing more than some college basketball betting!

One of our favorite things about this abundance of options is the wealth of promotions and bonus offers. Promo codes and bonuses like FanDuel’s “Bet $5 Get $200 in Bonus Bets” make it even more attractive to both new and experienced bettors. Almost every online sportsbook has great bonuses. This competitive market means sportsbooks are always offering exciting deals and incentives. You’ll never have a shortage of promos coming from CO sportsbooks.

And these bonuses don’t just come from anywhere.  Colorado boasts some of the most top-rated sportsbooks, including big names like FanDuel, Caesars, and DraftKings. These platforms offer seamless, user-friendly experiences, making it easy and enjoyable to place your bets. Our favorite online sportsbook is DraftKings, but that’s neither here nor there. You’ll have to make your own determination.

Why Coloradoans Love Sports Betting — There’s More to it than you Think.

Coloradans are fanatical about sports and the thrill that comes with it. Their love for game staking no secret and it’s not just about the potential winnings. It’s about the excitement, the strategy, and the chance to support their favorite teams in a whole new way.

Think about it — The state has a rich sports culture, with beloved teams like the Denver Broncos, Denver Nuggets, Colorado Avalanche, and Colorado Rockies. Since sports wagering became legal in 2020, these teams have gained even more loyal followers. With all of the major sports centrally located in Centennial State, you can see why they get excited over it.

The plethora of choices plays a big role as well. With access to top Colorado sports betting sites like DraftKings and FanDuel, they can place our bets from the comfort of their homes. Who doesn’t love watching the game your betting on with a cold one in your hand? Plus, we have a variety of betting options to choose from. Whether it’s basketball or football, in-game or futures betting, there’s something for everyone. Personally, we’re big fans of in-game betting (aka live betting).  Talk about pure excitement!

Their love for wagering goes beyond just the games. When the state voted to legalize sports betting in 2019, they made Colorado’s water the real winner. A 10% tax on casinos’ sports betting proceeds goes towards water projects, ensuring they’re not just having fun but also contributing to the well-being of their state. Given the recent droughts, Colorado could really use this.

Since legalizing sports betting, Colorado has grown to have the nation’s seventh-highest total money wagered – over $9 billion in just three years. That’s insane when you actually think about it! If this achievement doesn’t reflect their passion for sports and making their betting market one of the best, we don’t know what does.

Ultimately, sports and sports betting brings Colorado together, fuels their competitive spirit, and allows them to give back to their beautiful state. On top of all that, with the possibility of expanding to include exchange wagering, the future of sports betting in Colorado looks brighter than ever. We’re even excited to see where Colorado takes their market.

Colorado Sports Betting FAQ

Any time you get a major bill passed in a state as large as Colorado, there are going to be plenty of questions, especially when it involves Colorado sports betting. When that bill has as large of an effect on the day-to-day lives of the people that live in that state as HB19-1327 has in Colorado, there are going to be a lot of questions. This bill has changed the sports wagering industry across the state. 

Here are answers to the most popular questions surrounding Colorado sports betting right now—

Is sports betting legal in Colorado?

Yes, sports betting is legal in Colorado. Voters passed Bill HB19-1327 in November of 2019 to legalize sports betting and sports betting officially became legal on May 1st, 2020 with several sportsbooks launching that morning. It is currently legal to bet on sports at both retail sports betting locations and online/mobile sportsbooks. So whether you’re looking to do some sports betting in Colorado casinos or online sports betting apps, you’ll have plenty of options.

Is online sports betting legal in Colorado?

Yes, people who live or are traveling in the state can bet online and in-App with any of the state’s licensed Colorado sportsbooks. Since the state took action to make sports wagering legal, several Colorado sports betting sites have popped up and more are on the way. This gives bettors several sports betting apps to choose from.

What types of bets can Colorado sports bettors make?

You can bet on all major US sports including football, basketball, baseball, hockey, golf, tennis, and more with any of the countless Colorado sportsbooks. You can also bet on international events like the Olympics. All types of legal sports betting types are allowed including moneylines, spreads, bonus bets, parlays, and more.

What is the legal sports betting age in Colorado?

The current Colorado sports betting legal age is 21. That means on your 21st birthday you can start getting into the action of legal sports betting.

Not old enough? Better wait to play as your age and identity will be manually verified through the Colorado sports betting apps before you can start betting in Colorado. Sure, you can try to get around it, but we don’t recommend it.

What is the tax rate on sports betting in Colorado?

The tax rate on sports betting in Colorado is 10%. That is a bit higher than some other states, but it is still competitive. The good news is that the tax revenue generated from sports betting will go towards funding schools and the state’s water plan.

Don’t forget about federal taxes when you bet on sports. There are various thresholds depending on how much you win from the sports bets, so you’ll want to look into federal taxes as well. The Colorado sportsbook apps will report your winnings to the IRS based on these thresholds, so don’t try to skirt around the law.

How many sportsbooks are currently operating in Colorado?

There are currently 11 sportsbooks operating in Colorado and most of them have sports betting apps. However, that number is expected to grow in the coming months as more casinos partner with sportsbooks and launch their own betting apps.

Since legal sports betting hit Colorado, the sports betting market has blossomed and sports bettors have many more options now.

Are there limits on the size of bets I can make?

The state is letting sportsbooks set their own bet limits. This will not only change between books but will vary based on bet-type and sport. Just remember, when you’re getting into Colorado sports betting, to always gamble responsibly.

What are the odds that my bet will be a winner?

This is a difficult question to answer as it depends on too many variables. The best thing you can do is research the teams, players, and matchups before placing your bet. We always recommend thoroughly researching any bet you are thinking of making when you’re into legal sports betting.

When will I get paid if I win my bet?

This also depends on the sportsbook you are using. Most Colorado sports betting apps will allow you to withdraw your winnings immediately, but some may require that you wait a certain amount of time before withdrawing. Be sure to check with your book before placing a bet. We’ll cover more about withdrawals later in this FAQ.

How do I open an account with a Colorado sportsbook?

Opening an account with a Colorado online sports betting app is similar to opening a DFS account with FanDuel or DraftKings. Each sportsbook has a system in place to verify every new user’s age and location. One you create your account you’ll be able to partake in live sports betting and bet online.

How do I make a deposit?

While each sportsbook will offer its own set of options for funding your account, the process will be straightforward and easy to follow for anyone. The important thing to remember here is that you can not fund your Colorado sports betting account with a credit card. This means you will need to use a bank or debit card, checking account, or deposit through PayPal using your checking account.

This may seem cumbersome to some, but it is important to remember that this is for your own protection. Betting in Colorado with a credit card can lead to some serious financial problems down the road. Remember, Colorado sportsbooks are in business to make money, not lose it.

How do withdrawals work?

Each sportsbook will have its own set of standards for making a withdrawal, but here are a few things you can expect to encounter on your first withdrawal:

  • You will need to verify your identity and location before you can make a withdrawal. This process will vary based on the sportsbook.
  • Your deposit bonus and bonus bet money is not available for immediate withdrawal. These funds will have a rollover requirement that has to be met before you can withdraw them.
  • Most sportsbooks will allow you to withdraw your winnings in whatever manner you made your deposit.

So when you bet on sports at any of the Colorado online sportsbooks and you’re ready to make a withdrawal, be sure to read the fine print on cashing out your funds.

How does a deposit bonus or bonus bet work?

With a deposit bonus and/or bonus bet, you will receive bonus funds that you can use to place a bet or bets.

Anything you win with this bonus money is yours to keep, while the bonus funds themselves will need to roll over a number of times before they can be withdrawn. The rollover requirement will vary from book to book.

What sports are available to bet on in Colorado?

For the most part, you can bet on every sport in Colorado. And, you’re not limited to only sports in Colorado, but nationwide.

While sports betting is legal for most sports in Colorado, exceptions include e-sports that the state doesn’t regulate, high school sports, and prop-bets and in game betting on college sports. However, game bets, whether with bonus bets or parley bets to name a few, with college sports are still legal. These policies are fairly standard for most states.

All the major sports leagues including the NFL, NBA, NHL, MLB, PGA, Nascar, UFC, and Tennis can be bet on in Colorado. So if you’re one of the many Denver Broncos fans looking to place a bonus bet on your team, go for it!

What types of bets can I make in Colorado?

Seasoned wagerers will be happy to know that they can make every bet-type in Colorado. This includes straight bets, teasers, parlays, moneyline bets, totals (over/under), prop bets, bonus bets, and more. These various bet-types make the sports betting market in Colorado one of the best in the country.

Is live betting legal in Colorado?

Yes, as with the rest of Colorado online sports betting, live betting is allowed in Colorado! This is the future of betting and online sports betting sites and sportsbook app users are going to love these features.

Think the Denver Broncos are going to come back from a deficit? Score on this drive? Gain 5+ yards on this play?

You can bet it all with live betting, and every sportsbook in Colorado offers it already. Just download your favorite sportsbook app such as the Sports Illustrated sportsbook (sometimes referred to as the SI sportsbook and it’s one of the best sports betting apps), and start making your live bets. This is one of the favorite styles of play for Coloradoans. Don’t forget, though, live betting on college sports is not legal so you won’t find that with any of the mobile sports betting apps.

Chris Lollis

Chief Content Officer

Chris Lollis is the founder and senior editor at Hello Rookie. He has over a decade of experience in the sports betting industry and has covered everything from the PASPA repeal to every state launch since. Chris currently contributes guides, reviews, and betting tips at Hello Rookie.