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Colorado’s voters legalized sports betting in November 2019 via referendum. According to HB 1327, every retail casino in the Centennial State can apply for a master license and launch an online sportsbook, which sets the stage for 33 Colorado betting sites before everything is said and done. So far, Colorado’s Division of Gaming, the state’s chief regulator, has licensed 24 operators, thus bringing the most prominent names of the business to Colorado, which commands attention from Betting.com.

What are the best Colorado betting sites? What makes them so? Stay tuned and hear our verdict on their bonuses, odds, betting apps, and different features that make these sites the best.

✅ Colorado legalized retail and online sports betting in November 2019. 

✅ Players must be at least 21 years to register and bet. 

✅ Land-based casinos can launch only one skin each.

✅ Betting on entertainment, high school events, and proposition bets on college sports is prohibited. 

✅ First sportsbooks launched in May 2020. 

Top 3 Colorado Betting Sites for June 2023

Among the 24 operators currently live in Colorado, choosing the top three sites requires a Herculean effort. We’ve dug deep into our bag of tricks and looked into the sites’ odds and lines, bonuses, stability of apps and their features, payment methods, and many other aspects of these sportsbooks to pit them against each other. 

The table below shows the best betting sites in Colorado in June 2023.

DraftKings
DraftKings
5.0/5
DraftKings is one of the most reputable and best-known sportsbooks operating in the United States. DraftKings was one of the first sportsbooks to offer sports betting services in the states where sports betting is legal in the USA. Since its launch in 2018, DraftKings has been one of the most recognizable brands in the iGaming industry, thanks to well-funded campaigns.
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Featured Offer
Bet $5, Get $200 In Bonus Bets Instantly
Claim Bonus

21+. T&Cs Apply.

Benefits
  • Live streaming available on selected sports
  • Excellent sign-up bonuses
  • Easy deposit and withdrawal process
Payment Methods

GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (CO/IL/IN/LA/MD/MI/NJ/OH/PA/TN/VA/WV/WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. Call 1-800-NEXT STEP (AZ), 1-800-522-4700 (KS/NH), 888-789-7777/visit ccpg.org (CT), 1-800-BETS OFF (IA), or visit OPGR.org (OR). 21+ (18+ NH/WY). Physically present in AZ/CO/CT/IL/IN/IA/KS/LA(select parishes)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Void in NH/OR/ONT. Full T&Cs Apply.

Betsafe
4.7/5
Betsafe has garnered significant attention since it burst onto the Colorado sportsbook scene. Over the past few years, it’s gained a reputation for in-app betting and customer support. In this Betsafe review, we put it through several tests to find out if it’s a smart choice for online wagering in Colorado
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Featured Offer
Bonus Bet up to $500
Claim Bonus

21+. T&Cs Apply.

Benefits
  • Very good welcome bonus
  • Intuitive betting app
  • Robust live betting software

Must be 21+ and present in CO. T&Cs Apply. Gambling Problem? Call: 1-800-522-4700 or Visit www.ncpgambling.org

Caesars
4.9/5
For those of us who love sport and love to bet, there’s Caesars sportsbook. We love to show that we’re passionate about sports through our betting. This Caesars sportsbook review will tell you all you need and want to know about this sportsbook. If you’ve never bet with Caesars before, this review is a definite for you.
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Featured Offer
$1,000 First Bet on Caesars
Claim Bonus

21+. T&Cs Apply.

Benefits
  • Placing a bet is straightforward
  • The interface on the website and app is intuitive and easy to use
  • It is easy to find the odds for the particular bet you want to make
Payment Methods

Offer valid and must be physically present in AZ, CO, IL, IN, IA, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY. 21+. See Caesars.com/promos for full terms. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, TN, VA, WV, PA: If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit mdgamblinghelp.org or WV: visit 1800gambler.net; AZ: Call 1-800-NEXT-STEP; CO, WY, KS: Call 1-800-522-4700; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA: Call 1-877-770-STOP; MI: Call 1-800-270-7117. GAMBLING PROBLEM? Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369).

21+ only, must be present in Colorado, terms and conditions apply. If you or someone you know has a gambling problem, call 1-800-522-4700 where trained counselors can refer you to treatment options in Colorado.

Best Colorado Betting Apps

Colorado bettors get to enjoy a buffet of options when it comes to betting apps. However, not all provide the same stability, customization options, and responsive interface I want to see. Here are the best Colorado betting apps that stood up to my scrutiny.

RankBetting SiteWhy Play Here?Go to Site
#1DraftKingsCleanest betslips — no lag whatsoeverVisit
#2BetsafeHD-quality live streaming Visit
#3Caesars SportsbookTop props pricing that allows you to hedge betsVisit
#5BetMGMBest for live betting while live streamingVisit

Best Colorado Betting Sites for Beginners

Newcomers to the world of sports betting may feel overwhelmed by the sheer choice of betting sites in Colorado. To help you out, I’ve narrowed down the selection of the top five Colorado betting sites for beginners.

RankBetting SiteWhy Play Here?Go to Site
#1DraftKingsOffers daily odds boostsVisit
#2BetsafeHuge selection of player propsVisit
#3Caesars SportsbookSimple user interface with odds boost situated at the top of the menuVisit
#5BetMGMConsistently good lines for the favoritesVisit

New Betting Sites in Colorado

With 33 online sports betting licenses up for grabs, new betting sites are popping up all the time. Here are some of the latest additions to the scene. 

Betting SiteDate of launchGo to site
bet365September 2022Visit
BetFred Sportsbook ColoradoSeptember 2020Visit

All Betting Sites Available in Colorado

Here’s a full list of sports betting sites currently available in Colorado in alphabetical order: 

Best Colorado Betting Sites Bonuses and Promotions

There are no legal restrictions in terms of the size and type of bonuses CO betting sites can offer players, which gives them considerable wiggle room and a chance to be creative. The only restriction applies to advertising purposes and bonuses deemed free bet bonuses. Namely, if you see a free bet bonus on the site or our page, the bonus is truly free, so you need not stake real money to get the bonus. 

21+ only, must be present in Colorado, terms and conditions apply. If you or someone you know has a gambling problem, call 1-800-522-4700 where trained counselors can refer you to treatment options in Colorado.

Type of Bonuses and Promotions Available in Colorado

Colorado sportsbooks rely heavily on bonuses to appeal to new players and retain the existing account holders. The competition is fierce, so the quality of prizes can be the only thing to get bettors to decide on one sportsbook over the other. 

Below are some of the most common types of bonuses and portions in Colorado sports betting apps:

  • Deposit match bonus: CO sportsbooks may match a portion of your first deposit in bonus funds. The bonus funds are either issued as site credit or a bonus bet. You can spread site credit on multiple events and markets, whereas with a bonus bet, you might be required to use the entire sum on a single event. 
  • First bet bonus: First bet bonuses are usually part of sign up promotions. When you deposit and place a first bet on the site, the sportsbook will match your initial stake in site credit or bonus bet. Some Colorado sportsbooks, such as FanDuel, give players up to $2,500 back in bonus bets. If you are successful in betting with the bonus, you can cash out only the winnings generated from the wager, not the bonus stake. 
  • Odds boost: While odds boost may not be considered a separate promotion, they can make all the difference in the world for bettors. Colorado betting sites may boost the odds for specific events between 10 and 25% on average, thus willingly reducing their juice and giving players a chance to win more if the bets are settled in their favor. 
  • Cashback bonus: Cashback bonuses are particularly useful when it comes to easing the pain from a loss, especially if you lose that final leg of the parlay. A sportsbook will give you back a percentage of your losses accrued over a designated period back as bonus bets. Usually, you will get up to 10% back. 
  • VIP/Loyalty program: Most sportsbooks have a dedicated promo campaign directed towards regular depositors and players to reward them for their loyalty. These VIP/loyalty programs, such as Caesars Rewards or BetMGM’s MGM Rewards, give players tier and rewards credits every time they place a wager. Reward credits can be exchanged for free bets, bonus bets, and other perks, while tier credits contribute towards higher levels of the program and more generous rewards. 
  • Free bets: Free bets are the rarest forms of bonuses found on Colorado sports betting sites and the most coveted ones. Namely, CO betting apps will give players a certain amount in bonus bets absolutely for free. No deposit or payment is needed. 
  • Matched bet: When bettors place a bet with qualifying odds averaging -120 or longer on a select market or event, the bookies will match a percentage of that stake in bonus bets.  
  • Insurance Bets: Insurance bets provide a safety net should your parlays or other wagers go wrong. Sportsbooks will issue bonus bets in case your moneyline on the Stanley Cup match falls through in the overtime or if your 4+ leg parlay on a Roland Garros tennis match loses. 
  • Refer a friend:  If you spread the good word about a Colorado betting app among friends, a refer them to that book, both you and the friend that registers, verifies, and deposits into the sportsbook will receive additional bonus bets. 

Type of Bets Available in Colorado

Colorado online sportsbooks offer a plethora of betting markets with no restrictions on how much you can stake, unlike their retail counterparts, which can only take $100 bets max. This allows sportsbooks to offer huge payouts, such as Ceasars with its $25 million max payout. 

Here’s a quick list of the most popular wagers in the state:

  • Moneyline: Moneyline bets are the simplest forms of bets where you bet on the match winner. 
  • Point spreads: With point spreads, you bet on the match’s winner and the point margin. The favorite must cover the point spread in its win, whereas the underdog will have to win or lose by fewer points than the indicated spread for the bet to be successful. Point spread in baseball is called a baseball run line. 
  • Totals: Totals are wagers where you choose whether the number of points in a match will be over or under the benchmark number set by the sportsbook. 
  • Props: Props or proposition wagers are bets on the specific outcome of a play in a game, such as will Nikola Jokic score the next basket or will the Broncos score the next touchdown. There can be both team and player props. 
  • Futures: Futures are long-term bets on an event that will happen down the road, such as the Super Bowl or the Stanley Cup. 
  • Parlays: Parlays are wagers where you include several selections on a betslip, and each of these selections needs to come through for the parlay to pay. 
  • Same Game Parlays: With Same Game Parlays, you can include several betting markets from a single event, such as the team’s win, the total number of points, and the number of points from the leading scorer. Most sportsbooks allow you to put between 6 and 10 markets for an SGS. 
  • Teasers: Teasers allow you to shift the game lines a bit to your advantage for better odds but smaller payouts. 

Popular Sports and League to Bet on in Colorado

Colorado hosts a significant number of college and professional teams, which draws a lot of attention from the bettors. State-regulated sportsbooks boast excellent coverage of sports and leagues from across the globe, with a particular emphasis on the Big Four and national college championships. 

  • NFL: The Denver Broncos secured their last Super Bowl championship back in 2016, but with Peyton Manning’s retirement came a bit of a dry spell. However, with new additions to the roster, such as the WR Nick Williams and others, the team looks to improve their 5-12 record in the 2022 season. 
  • NBA: The Denver Nuggets are firing up on all cylinders. Behind a killer duo of Jokic and Murray, the franchise reached its first-ever NBA Finals. In fact, according to the Colorado Division of Gaming’s report, basketball accounted for 24.7% of all bets placed on sports between May 2020 and April 2023. 
  • MLB: Colorado Rockies have been struggling a bit lately but are still generating a lot of betting handle for CO sportsbooks. Last year, the team signed a 3-year partnership deal with bet365 to boost the sportsbook’s visibility in the market. 
  • NHL: Hockey is a beloved sport in Colorado, and the Avalanche always gives the fans something to look forward to. The 2022 NHL Champions are looking solid and are considered contenders every season. 
  • College sports: College sports betting in Colorado is hugely popular, despite the ban on player props. NCAA Basketball and NCAA Football account for the most college wagers. 

Features Available on a Colorado Sports Betting Site

  • Live streaming: The live streaming option allows bettors to watch the games live in HD and place bets on the game as it unfolds. 
  • Competitive pricing: CO betting sites can offer great pricing largely thanks to the betting tax of only 10%, which is below average in the country. 
  • Excellent coverage: You can find odds and lines for more than 20 different sports on most betting sites. 
  • Extensive range of betting markets: Besides the standard moneylines, point spreads, and totals, Colorado sportsbooks offer Same Game Parlays, micro betting, and other features. 
  • Reliable payment methods: The banking methods in Colorado betting sites include PayPal, Visa, Mastercard, Discover, ACH, PayNearMe, online banking, and even cash at casino options for facilitating fast deposits and withdrawals. 
  • User-focused promotions: Most Colorado sports betting sites’ promos have only 1x wagering requirements, especially first-bet bonuses, so you can have a decent shot at clearing them. 

How to Create an Account on a Colorado Betting Site

The account registration process is pretty simple and takes no more than a couple of minutes. Here are the steps you need to take to start betting online in Colorado:

  1. Choose one of the betting sites from our list and click the pertaining link to get to its official page. 
  2. Click on the Join Now/Register button. 
  3. Fill out the registration form by providing personal information, including name, email, address, date of birth, phone number, and last four digits of your social security number. 
  4. Insert a promo code in the designated field to activate the bonus. 
  5. Hit the “Submit” button to finalize the process.

The information you provided will allow the sportsbook to verify your account automatically. Should that prove to be impossible for some reason, you’ll have to provide copies of your ID, such as a passport or driver’s license, together with proof of funds and address to complete the necessary KYC. 

How to Deposit on a Colorado Betting Site

Depositing on a Colorado betting site is equally easy as registering. Here’s how you do it: 

  1. Log in to your account. 
  2. Head to the Cashier/Banking page of your account. 
  3. Choose the deposit method. 
  4. Insert the amount you wish to deposit. 
  5. Confirm the transaction. 

The funds should appear in your balance almost immediately, no matter the payment method. Also, CO online sportsbooks do not charge any fees for deposits. 

Most Colorado betting apps offer similar deposit and withdrawal methods, with only slight differences. The following table contains the most popular ways of depositing in the state. 

Deposit methodBest for
PayPalFast processing times
VisaReputable financial institution
MastercardGreat for deposits and withdrawals
DiscoverPopular card in the U.S.
ACHBank-grade security
Online bankingConvenience and wide acceptance
Cash at cageInstant withdrawals

Sports Betting Law and Regulations in Colorado

Colorado has a long history of gambling, led by casinos in the towns of Black Hawk, Central City, and Cripple Creek. Following the fall of the Professional and Amateur Sports Protection Act (PASPA), legislators started working on the legalization of sports betting in the state.

Colorado Sports Betting History

Colorado lawmakers championed the HB19-1327 law in 2019, which passed through the state’s legislation. As per Colorado’s TABOR (Taxpayer’s Bill of Rights) laws, a vote on a general election was required before sports betting could become legal.

Proposition DD was found on the November 2019 ballot and received the backing of over 1 million votes. It’s worth noting that the difference between the “Yes” and “No” votes was less than 50,000. Colorado Governor Jared Polis signed HB 1327 into law, and the first sportsbooks launched in 2020.

Current Situation in Colorado for Sports Betting

As per the sports betting law, each of the 33 casinos in the state can apply for a license to operate an online sportsbook. Currently, there are 24 betting apps with an operating permit from the Department of Revenue, Division of Gaming.

The Next Step for Sports Betting Regulation in Colorado

In 2023, the Colorado Division of Gaming rejected requests for the approval of NHL Draft Lottery Winner, Coin Toss Winner to Defer or Receive, and similar types of wagers. In the past, the governing body rejected appeals for the legalization of betting on entertainment. 

Responsible Gambling in Colorado

Colorado sports betting operators are obligated to offer deposit, spend, session, and other types of limits to help players keep their betting in check. Time-outs and self-exclusion programs are also mandatory responsible gambling tools, as well as partnerships with independent, helpful organizations such as the National Council on Problem Gambling, all in order to help players bet responsibly. 

Colorado Sports Betting Tax Rate

Sports betting operators must pay a 10% tax on net sports betting proceeds. Players are also required to pay income tax on gambling winnings. 

John
Content Writer

John has had a prominent career in sports media that spans over a decade. He has lent his talents to high-profile companies such as ESPN, NBC Sports, and Audacy. He’s bringing his sports betting expertise, having analyzed every major sport, including the NFL, NBA, MLB, NHL, and PGA, with a career success rate over 52%.

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