Colorado Sports Betting: Best Colorado Sportsbooks December 2024

2. FanDuel Sportsbook

Best for: Mobile Betting

In terms of market share, FanDuel is the most popular sportsbook in the US, and it’s easy to see why. If you want the US public’s favorite sportsbook, choose FanDuel.

FanDuel is leading the way in a lot of areas, but perhaps none more so than mobile betting. The FanDuel Sportsbook app is widely regarded as one of the best out there and is our number-one choice for placing bets with our phones. It’s got ratings of 4.8 and 4.7 on the App Store and Google Play Store, respectively, and has been downloaded millions of times. We love it for its clean, intelligent design and how easy it is to place bets on the go. 

FanDuel’s welcome bonus is very good, too:Bet $5, Get $150 in Bonus Bets if Your Bet Wins. It’s a great offer that is genuinely valuable for both beginners, low-stakes players, and higher rollers.

» Check out our in depth review of FanDuel Sportsbook.

💰 Sign-up offer: Bet $5, Get $150 in Bonus Bets if Your Bet Wins

FanDuel Sportsbook CO Ratings

⭐ WSN Rating: 4.8/5
⭐ Apple App Store: 4.8/5
⭐ Google Play Store: 4.7/5

Claim your FanDuel bonus

3. Caesars Sportsbook

Best for: Rewards Club

Caesars Sportsbook is the online sports betting partner of one of the biggest names in US gambling. If you want a sportsbook that delivers benefits at real-life casinos around the country, this is it. 

Caesars Sportsbook is a very solid all-round sportsbook. The platform is user-friendly, offering various sports, betting markets, and competitive odds. Available throughout the US, it's an excellent option for those seeking an easy-to-navigate site with lots of features.

Where it really stands out, however, is Caesars Rewards. This is the loyalty program that interconnects all Caesars resorts and products so that any time you spend real money on any of them, you earn benefits. For instance, when you accumulate Tier Points and Rewards Points from betting online at Caesars Sportsbook, you can wind up with free stays at Caesars hotels, restaurant or concert tickets, spa visits, and more. 

The Caesars Sportsbook welcome bonus is good too: a up to $1,000 second chance bet on your first bet when you first sign up with the promo code WSN1000. You also get some points for the Rewards Program when you sign up, to kick off your account. 

OR

Bet $1, Get 100% Boost on Your Next 10 Bets with code WSNDYW.

Residents of these states can claim a different welcome bonus at Caesars: AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WV, Washington, D.C. or WY - Bet $1 to Double Your Winnings for Your Next 10 Wagers.

» Discover more in our detailed review of Caesars Sportsbook.

💰 Sign-up offer: Bet $1, Double Your Winnings Your Next 10 Bets
🤩 Promo Code: WSNDYW

Caesars Sportsbook CO Ratings

⭐ WSN Rating: 4.3/5
⭐ Apple App Store: 4.6/5
⭐ Google Play Store: 4.3/5
⭐ Trustpilot: N/A

Claim your Caesars sportsbook bonus.

4. BetMGM Sportsbook

Best for Perks at MGM Resorts

BetMGM is one of the deepest sportsbooks in the US in terms of the range of bets. If you want the most granular prop betting markets, you’ll find them here. 

The sheer variety of betting markets is definitely an area where BetMGM stands out. It’s a dream for anyone who is looking to get very technical with their bets (especially team and player parlays) and for previously beginner bettors who feel like they want to take the next step in their betting journey. The Same Game Parlay tool is great too. 

Another massive plus point with BetMGM is the benefits. You can win real-life MGM resorts rewards. Like Caesars, the rewards program is tied to all the hotels and casinos that MGM operates around the country, and the more rewards points you earn online, the better the in-person benefits you stand to receive. There’s a discount for members on all MGM resort stays too. 

New players who sign up can get up to $1,500 in Bonus Bets. Just don't forget to use our promo code WSNSPORTS for this one. 

» Explore our comprehensive review of BetMGM Sportsbook here.

💰 Sign-up offer: Get Up to $1,500 in Bonus Bets
🤩 Promo code: WSNSPORTS

BetMGM Sportsbook CO Ratings

⭐ WSN Rating: 4.5/5
⭐ Apple App Store: 4.8/5
⭐ Google Play Store: 3.6/5
⭐ Trustpilot: 1.2/5

Claim Up to $1,500 at BetMGM

6. DraftKings Sportsbook

Best for: Low deposit limits

DraftKings is an incredible sportsbook, jam-packed with all kinds of interesting features. If you’re a more casual player, its $5 deposit limit makes it an ideal choice too. 

There’s a lot going on at DraftKings. Let’s start with the sports and betting markets, which are some of the most extensive and varied in Colorado and include tons of props for the major US sports leagues. The DraftKings Sportsbook platform in Colorado includes lots of extra features that elevate the overall experience, including betting guides and a social platform to connect with other members. Outside of sports betting, there’s also the DraftKings DFS site, as well as poker and casino games in legal states. 

DraftKings’ welcome bonus is one of the best in the business too: Bet $5, get $250 in Bonus Bets. DraftKings is one of the only sites out there that lets users make deposits from just $5, so for pretty much the price of a coffee from Starbucks, you can get 6 separate $25 bets when you sign up.

» Find out more in our in-depth DraftKings Sportsbook review.

💰Sign-up offer: Bet $5, Get $250 in Bonus Bets

DraftKings Sportsbook CO Ratings

⭐ WSN Rating: 4.8/5
⭐ Apple App Store: 4.8/5
⭐ Google Play Store: 4.6/5
⭐ Trustpilot: 1.3/5

Full List of Legal Sportsbooks in Colorado

The full list of 17 sportsbooks up and running in Colorado is here:

• Bally Bet

• bet365

• Betfred Sports

• BetMGM

• BetMonarch

• BetRivers

• Betsafe

• Caesars Sportsbook

• Circa Sports

• ClutchBet

• DraftKings

• ESPN Bet

• Fanatics Sportsbook

• FanDuel

• SBK

• SI Sportsbook

• Sporttrade

Colorado Online Sports Betting Sites

Colorado Retail Sportsbooks

Is Sports Betting Legal in Colorado?

Yes, sports betting is legal in Colorado. The first sportsbooks went live in May 2020, and the industry has since grown to become one of the most robust in the US. Gambling in Colorado is centered around three mountain towns: Black Hawk, Cripple Creek, and Central City. Between them, they house 40 casinos, five poker rooms and a racetrack. There are also ten retail sportsbooks between the mountain casinos and a total of 17 different online sportsbooks available in the state. 

How to Start Betting in Colorado

Getting set up to start betting in Colorado is very straightforward. Check out our step-by-step guide aimed at beginners below:

1. Choose a legal and licensed sportsbook. There are lots of offshore sites out there that will accept players from anywhere in the world and promise you the moon and stars in bonuses to boot. Avoid them! They offer no protection for your money or your data, and there is nothing to stop them from taking advantage of you. All of the sites recommended on this page are fully licensed and regulated in Colorado. 

2. Sign up. Whichever sportsbook you choose, the sign-up process is actually fairly similar. You’ll need to provide personal information like your name, date of birth, address and email address, along with some digits from your SSN.

3. Verify your identity. Depending on your data, you may need to provide additional documentation to verify your identity, like your driver's license or passport. This is a legal requirement in Colorado.

4. Get your welcome bonus. All sportsbooks in Colorado have sign-up bonuses for new members, so make sure you don’t miss out. Check out our reviews above and use our sign-up links to get the latest offer.

5. Deposit some money. Colorado sportsbooks support a very wide range of different deposit methods, from bank cards to transfers and e-wallets to cash in the retail sportsbook. Don’t forget that some welcome bonuses require a qualifying deposit to trigger them, so make sure you deposit enough. 

6. Place your bets. Browse through the sports and betting markets and add the bet or bets you want to the digital betslip. You can test out different stakes before clicking the button to confirm. If your bet wins, the winnings will appear in your account almost immediately. 

Colorado Sportsbook Promos

The CO sports betting industry is absolutely bursting with bonuses for new players, as twenty different sportsbooks compete to attract betting fans in the state. The table above shows our favorite offers right now. 

In this section, I want to run through all the most popular types of welcome bonuses in general, how they work and why you should claim them.  

Bonus Bets

A bonus bet is essentially a voucher you can use to place a bet. If it wins, you only get to keep the winnings, unlike a regular bet where you also receive the value of the stake as part of your payouts. Sportsbooks hand out bonus bets all the time, but they are especially popular as welcome bonuses. Usually, you’ll need to sign up, make a deposit, and place your first bet to trigger your bonus bets, as is the case with DraftKings, FanDuel, and BetMGM

Second Chance Bet

In this case, the sportsbook will refund some or all of your first bet if it loses, in the form of bonus bets or site credit. It’s like an insurance policy that mitigates some risk when you first sign up. These offers can be quite high in value, like Caesars’, which is worth up to $1,000. The downside is that the bonus only kicks in if you lose your first bet. If you’re planning to place one large bet when you sign up, it’s a great offer to give yourself a second opportunity.

Deposit Match Bonuses

These offers are more commonly associated with online casinos, but you can find them at some sportsbooks. Here, the sportsbook matches some or all of your first deposit with bonus bets or site credit. These offers become progressively more valuable the more you are willing to deposit upfront. 

No-Deposit Bonus

Just like it sounds, this is any type of bonus you can claim without having to spend any of your own money. Normally, it comes in the form of a smaller bonus bet, worth around $10 or $20, in exchange for signing up for a sportsbook. 

What Mobile Sportsbooks Are Available in Colorado?

Mobile betting has become the dominant way that people bet on sports in the US, and a high-functioning mobile app is essential for all sportsbooks to complement the desktop site. All of our eight recommended sites in Colorado have mobile apps, which you can download for iOS or Android. Check them out below:

1. bet365 - 4.8/5 (iOS); 4.6/5 (Android)

2. FanDuel - 4.8/5 (iOS); 4.7/5 (Android)

3. Caesars Sportsbook - 4.6/5 (iOS); 4.3/5 (Android)

4. BetMGM - 4.8/5 (iOS); 4.2/5 (Android)

5. BetRivers - 4.4/5 (iOS); 3.4/5 (Android)

6. DraftKings - 4.8/5 (iOS); 4.6/5 (Android)

How Can You Bet in Colorado?

Colorado is one of the deepest sports betting markets in the US, with twenty different books available to choose from right now. This means a huge range of betting markets are available right now in the Centennial State, and we’re covering the main ones below:

Moneyline

Betting on the moneyline is just about the easiest way to bet. It’s a straightforward prediction of which team or side will win an individual contest. Here’s how it looks:

• Green Bay Packers +280

• Dallas Cowboys -350

The payout on a moneyline bet is determined by the odds, with the negative odds indicating the favorite and the positive odds showing the underdog. Here, the Cowboys are comfortable favorites, and you would need to bet $350 in order to win $100 for a total payout of $450 if they win. A $100 bet on the Packers would win $280, for a total payout of $380 if your bet was successful. 

Point Spreads

Betting on the spread is also very popular and somewhat levels the playing field compared with moneyline bets. In this case, you are betting on the margin of victory, not just the winners and losers. The sportsbook sets a spread of points to account for the relative difference in quality between the teams, sort of like a headstart. To win a bet on either side, they must win the game with their spread of points taken into account - or “cover” the spread. Here’s how it looks:

• Green Bay Packers (+7.5) -110

• Dallas Cowboys (-7.5) -110

The spread is 7.5 points. To win a bet on the Packers, they just need to avoid losing by 8 points or more. Even a 5, 6 or 7 point loss would be enough to win the bet. To win a bet on the Cowboys, they need to win by at least 8 points. The odds with spread bets normally start at -110.

Totals

A totals bet, also known as Over/Under bets, is a bet on the total number of points scored in a game. The winners and losers are not important. The sportsbook sets a line, and you can either bet that the total points will be over or under that number, with both sides normally around -110. Here’s how it looks:

Packers vs. Cowboys

• Over 50.5 -105

• Under 50.5 -110

Prop Bets

Props are bets on incidents that happen in a game, especially on the statistical performance of certain players or the team as a whole. They don’t even necessarily have a material impact on the overall result of the game. The most popular prop bets are things like passing or rushing yards in the NFL, layups in the NBA or goals or assists in soccer. You can even make prop bets on things like whether the coin flip will come heads or tails. 

Futures

A futures bet involves predicting an event or outcome far in advance, rather than focusing on an individual game. Usually, when we talk about futures, we’re talking about the winners of championships like the Super Bowl or Stanley Cup. You can also bet futures on teams making the playoffs and the winners of awards like the NBA MVP or NFL Coach of the Year. 

Futures are often placed at the start of a competition or in pre-season, but they are available throughout the calendar, with the odds changing as the teams progress. For instance, if you bet on the Denver Broncos to win the Super Bowl before the season starts, you would likely get much better odds than if you waited until they made it to the playoffs. 

Parlays

A parlay is a combination bet. You add multiple bets to the same betslip and to win, all of your selections must be correct. It’s a higher-risk way to bet, but you can get significantly higher payouts. A Same Game Parlay is a type of bet where you combine multiple bets for a single game, such as LeBron James to score 30+ points, Anthony Davis to record a triple-double, and the Lakers to cover the spread. 

Live Betting 

Also known as in-play betting, this involves betting on games second by second as they happen live. It’s a fast-paced way to gamble, with the odds changing all the time. Some Colorado sportsbooks even let you stream games right there on the platform and provide you with stats and other live updates. 

What Can’t You Bet On in Colorado?

Sports betting in Colorado is subject to the following restrictions:

• Betting on politics, including the results of elections, is not allowed.

• Betting on awards ceremonies like the Academy Awards is not allowed.

• Prop bets on college athletes are not legal. 

Betting on College Sports in Colorado

Yes, betting on college sports is totally legal, including on in-state college teams. This makes Colorado a bit of an outlier: many states, like New Jersey for instance, allow college betting in general but not any teams located within the state. As mentioned above, Colorado does not allow prop bets on college athletes, however. 

Colorado has a thriving college sports scene, including the following programs that compete in the NCAA Division 1:

• Air Force Falcons

• Colorado Buffaloes

• Colorado State Rams

• Denver Pioneers

• Northern Colorado Bears

Colorado Sports Betting Facts

How Does Colorado Online Sports Betting Compare to Other States?

Colorado compares very favorably with most states with US sports betting in a number of categories. Colorado is the sixth most lucrative sports betting market in the US, with more than $14 billion in handle and more than $1 billion in revenue generated since sports betting went live. This is even more impressive when you consider that the state is the 21st largest in terms of population, with under six million people living there. 

Maryland, for instance, has a similar population but a total handle of $5 billion - although sports betting was only legalized there in 2022. 

There are 17 different online sportsbooks to choose from in Colorado, well ahead of the average among states with legal sports betting. The actual betting laws are among the most favorable for consumers, too, and include legal betting on eSports, DFS, and Colorado-based college teams. The tax rate in Colorado is a flat 10% for both online and retail, below the national average in states with legal sports betting. Maryland for instance, is 15%, while Indiana, another state with a similar population to Colorado and a thriving sports betting industry, is similar to Colorado at 9.5%.

All in all, Colorado is a very favorable place to be betting on sports from a consumer perspective.  

History of Colorado Sports Betting

Colorado sports betting has gone from strength to strength since it launched in May 2020. It’s been an incredibly exciting period for sports betting fans in the Centennial State ever since the landmark Supreme Court decision in 2018. Below, you can see a timeline of the major events that got us to where we are today.

• Sept. 2, 2024 - BetSafe announces its exit from Colorado.

• Aug. 31, 2024 - ClutchBet announces exit from all U.S. markets, including Colorado, on Sept. 16, 2024.

• July 24, 2024 - Colorado sports betting handle fell to $447.5 million in May, down 12% from April.

• July 22, 2024 - SuperBook Sportsbook is closing its door for new users in Colorado and seven other states.

• July 11, 2024 - Betway Sportsbook announced that it's exiting US market. Betway Casino will continue to operate.

• June 26, 2024 - Tipico will shut down in Colorado over the coming months as the company’s US operations were sold to BetMGM.

• June 11, 2024 - Bet365 now offers fixed-odds betting on thoroughbred and harness racing in Colorado.

• June 3, 2024 - Colorado sports betting handle fell to $509.5 million in April, down 14% from March but up 22% year over year.

• May 8, 2024 - Colorado sports betting handle hit $593 million in March, up 10.4% from February and 20% year-over-year.

• May 1, 2024 - According to Earnings+More, Tipico is attempting to sell its US sports betting platform, and BetMGM is the rumored buyer.

Is Daily Fantasy Sports Legal in Colorado?

Yes, DFS is legal in Colorado and has been since 2016. You need to be at least 18 years old to play DFS. 

Sports Teams in Colorado

Colorado is a massive sports state, especially given its relatively small population. In fact, it’s the smallest state by population to have a team in each of the four major leagues in the US. Check them out below:

• Denver Broncos - The Broncos were founded back in 1959 and actually played in the first every game of the old AFL before it merged with the NFL. They have won three Super Bowls in their history, as well as multiple conference and division championships.

• Denver Nuggets - Led by the talented Serbian Nikola Jokic, the Nuggets finally won their first-ever NBA championship in 2023. They are one of the most exciting franchises in the NBA right now. 

• Colorado Rockies - The Rockies are also based in Denver and joined the MLB back in 1995. They have managed one NL Pennant win in their history, but they are also one of only two teams to have never won a single World Series game. 

• Colorado Avalanche - The Avalanche began life north of the border in 1972 as the Quebec Nordiques. They moved to Colorado in 1995 and promptly won their first Stanley Cup that very year, adding two more victories in 2001 and 2022. 

Colorado Sportsbook Partnerships

Each of Colorado's four major league teams has signed sponsorship agreements with sportsbooks in the state.

• bet365 is the official sports betting partner of the Colorado Rockies.

• In 2020, PointsBet became the official betting partner of both the Colorado Avalanche and the Denver Nuggets through a deal with Kroenke Sports & Entertainment. Following Fanatics' acquisition of PointsBet, it now holds partnerships with both teams.

• The Denver Broncos have agreements with three sportsbooks: FanDuel, BetMGM and BetFred. The latter includes a retail sportsbook located at Empower Field at Mile High, known as the Betfred Sports South Lawn Lounge.

How We Rated the Top Colorado Sports Betting Sites

Every piece of information on this page comes from firsthand experience with the sportsbooks in Colorado. We don’t rely on other reviews or press releases. We actually put in the hours to explore every single feature of every single site and present our findings to our readers. We strongly believe that this is the best way to build a comprehensive understanding of an online sportsbook, its bonuses and features, its positives and negatives, and more. 

We have a consistent framework for our expert reviewers, too. Each of the following six factors is allocated two hours of research time on each of the following six sections before we start writing:

1. User Experience - We assess the overall experience of using each site, considering factors like design, aesthetics, beginner-friendliness, and navigation across different sections. Our tests span multiple devices, including laptops, tablets, and mobile devices, to ensure a consistent user experience on all platforms.

2. Features - We check out every feature on every site. That goes for the most important things, like the different betting markets, but also extras like tips or picking services, side games, loyalty programs, and more.

3. Promotions - We actually opt-in to every bonus available, both the sign-up offers for new members and the on-running promos. We provide clear instructions for claiming bonuses, as well as any essential information about the small print. 

4. Deposits and Withdrawals - We test out every single payment method available for both withdrawals and deposits. That includes waiting for sportsbooks to mail out paper checks when necessary. Speed, ease of use and transaction fees are all things we consider. 

5. Customer Support - We’ve got a step-by-step process for testing customer support, including asking the same pre-selected questions so we can compare and contrast the responses. We also spend time going through the help section and FAQs to see what they cover and what could be improved. 

6. Responsible Gambling - We want to see sportsbooks that go out of their way to highlight responsible gambling and provide links to external support organizations. Tools like Reality Check and deposit limits are also important. 

We have a process to ensure our reviews remain up to date too, with the team dedicating five hours per month to checks and revisions.

Why You Should Trust Us

To put it simply, we’re experts. Our team is made up of real sports betting fans, all of whom have been betting on sports online for decades. We’ve been there and done that, claimed the bonus, and bought the T-shirt. 

Our goal is to use all of our experience and expertise to present our readers with the information they need to know before deciding whether to sign up for an online sportsbook. That includes calling out things we don’t like or that we think could be improved. 

Getting Help: Responsible Gambling in Colorado

Colorado is one of the most robust sports betting markets in the US, and that extends to its commitment to and resources for promoting responsible gambling. You can head to the sports betting section of the Colorado Division of Gaming for detailed information about sports betting in the state and a list of problem gambling resources. Some of the resources include:

• You can call or text 1-800-GAMBLER for a 24 hour confidential helpline, either for yourself or on behalf of friends or family.

• The Colorado Self Exclusion program, which extends to all legal gambling sites in the state.

• The Problem Gambling Coalition of Colorado.

• You can contact Gamblers Anonymous on 1-855-222-5542, which runs meetings in many locations in Colorado. 

• The National Council on Problem Gambling.

In addition, Colorado sportsbooks provide in-house tools to help you manage your spending and promote responsible gambling. They include:

• Deposit limits or betting limits can help you stick to a budget.

• Reality Check tools which automatically suggest a break after a certain amount of time online.

• Cool-Off or Self Exclusion, which lets you temporarily or permanently block yourself from the sportsbook.