Colorado Sports Betting – Best CO Sportsbooks 2022

There are a lot of reasons to love Colorado, from the sky-high mountains to the many freedoms enjoyed by residents. The state is also home to several of the top sports teams in the nation. With so many top sporting events happening in their backyard, it’s no wonder that Centennial State residents are some of the USA’s biggest sports fans.

In 2018, the Supreme Court struck down a law forbidding sports gambling. Long-time supporters of Colorado sports betting quickly pushed a law through the legislature and put it up for public vote. The people chose to allow regulated sportsbooks, and the system went live in early 2020. Today, sports betting is extremely popular in Colorado and has become an important part of everyday life for many people.

On this page, we’ve compiled a selection of the best Colorado sports betting websites for you to check out. We’ll go into some detail about their pros and cons, and we’ll also talk about some promotions and bets you’ll encounter.

Best Licensed Online Sports Betting Sites available in Colorado

There are several dozen licensed Colorado sports betting options open to residents, including top websites, Native American casinos and several independent land-based sportsbooks. But for the purposes of this article, we’ll be focusing on those online betting sites.

Each of the brands below are good choices to get started, offering dependable payouts and lots of betting options. They’ve also been vetted by our team of experts to ensure they’re safe and secure.

CODE: BBCSUSA

1

BetMGM-Sportsbook-Colorado

Bet

$1000

Risk-Free

Bet

$1000

Risk-Free

99

points

  • Loyal players are rewarded with M Life Rewards
  • Up to $1000 Risk-Free First Bet
  • Useful early cash out and ‘Edit My Bet’ options available

99

points

BetMGM review
CODE: 250MATCH

2

betrivers-sportsbook-colorado

Bonus

100% Match

$250

Bonus

100% Match

$250

99

points

  • Mobile App for iOS and Android
  • Phone & Live Chat support
  • Sportsbook & Live streaming available in Colorado

99

points

BetRivers review

3

draftkings-sportsbook-colorado

20%

$1000

Bonus

20%

$1000

Bonus

98

points

  • Get up to $1000 Bonus
  • Sports & Fantasy Sports Betting Available
  • Fully Licensed CO Sportsbook

98

points

DraftKings review
Code: BBC

4

pointsbet-sportsbook-colorado

Risk

$2000

Free Bet

Risk

$2000

Free Bet

98

points

  • Get two Risk-Free Bets up to $2000
  • Huge range of sports and betting options
  • Promo code: BBC

98

points

PointsBet review
CODE: BBCFULL

5

Caesars-Sportsbook-Colorado

100%

$1250

Bonus

100%

$1250

Bonus

98

points

  • Enjoy a free bet up to $1250
  • Get Caesars Rewards and redeem Rewards credits
  • Great mobile sports betting app

98

points

Caesers review

6

Unibet-Sportsbook-New-Jersey

Risk

$250

Free

Risk

$250

Free

97

points

  • Take advantage of Daily Profit Boosts
  • Enjoy a $250 Risk-Free Bet on Deposit
  • Happy Hours Boosts & Level Up Parlay Boosters

97

points

Unibet review

7

Fanduel-Sportsbook-Colorado

Bonus

$1000 Bet

Risk Free

Bonus

$1000 Bet

Risk Free

97

points

  • Get a $1000 risk-free bet after deposit
  • Fanduel has a great reputation and excellent customer service
  • Convenient app for iOS and Android users available

97

points

Fanduel Sportsbook review

Contents

There’s a lot of ground to cover when talking about Colorado sports betting. We’ll guide you through everything you need to know to place your first wagers. Here’s a rundown of the topics we’ll cover in this article.

What is Online Sports Betting?

Colorado sports betting online has been around since the 1990’s, but technological developments like smartphones have made it easier and more available. After all, placing wagers online is easier and faster than using a telephone service or driving to the casino.

Placing wagers on athletic events and games is an ancient pastime that’s been reinvented over the last 25 years. Previously, people would have to visit an actual casino or sportsbook and place their bets physically. Nowadays, people can simply wager online and get the same experience without having to leave their home or work.

New regulatory frameworks are also opening up Colorado sports betting to millions of ordinary citizens. In 2018, the Supreme Court struck down a federal law forbidding states from licensing sportsbooks. The citizens of Colorado put the issue on the ballot the very next year, with 51% of voters choosing to legalize and tax sports gambling.

Colorado Sports Betting – Best CO Sportsbooks

Sports Betting Options in Colorado

There are many different types of bets offered at Colorado sports betting websites. A lot of terms like “spreads” and “teasers” are thrown around, making it all a bit much for novices. But fear not! We’ll go into some detail on the available wager options, to help you out. But don’t be afraid to learn from experience too.

Here are a few of the most popular offers at Colorado sports betting sites.

Moneyline

Sportsbooks are looking to entice bettors on both sides of the line. To do this, they offer enhanced returns on the underdogs and pay out much less for winning bets on the favorites. This bet type is easy to learn because you only need to choose the winning team.

Spread

One way to even up the odds between the underdogs and favorites is through spreads, which give extra points to the weaker team. This means that the stronger team needs to win by a significant margin. For instance, Broncos -6.5 means that Denver needs to win by at least a touchdown in order for the bet to succeed.

Totals

Bookmakers will often set a hypothetical total on certain markets, such as the number of points in a game.Also called Over/Under lines, your task is to guess whether they’ve gone too high or too low.  If you think the game will be a defensive slugfest in bad weather, go for the under. But exciting offensive games with a lot of scoring may come in over the estimated total.

Betting on totals

Parlay

These bets bundle several small bets into one big wager for greatly enhanced rewards. The odds are definitely against landing a parlay, but they’re very popular because of the potentially huge payouts.

Teasers

Parlay bets are difficult to land, but teasers reduce the difficulty by being flexible. Bettors will have the option to adjust one leg to make the wager easier. While teasers payout less than normal parlays, sometimes a little boost is all you need to get the bet over the line.

Futures

Think you can predict next year’s Super Bowl MVP or the Kentucky Derby winner? Colorado sports betting sites help you monetize your insights by offering futures markets. These are long-term bets that tie up some of your gaming cash but can be very lucrative.

In-Play

Smart bettors can take advantage of their instincts during a game to make money thanks to in-play or “live” betting. Sportsbooks offer in-play bets on various situations like the next player to score, the first team to reach a certain total or the score at halftime.

In-Play betting is very popular in Colorado

Why is Sports Betting So Popular in CO?

It’s no secret that Colorado sports betting has been extremely successful. Hundreds of millions of dollars are wagered each month, bringing home some lucrative rewards for skilled bettors. Here are a few of the top reasons that sports betting has taken off in the Centennial state.

  1. Easy to use apps. It only takes a moment to place wagers.
  2. Engaging content. Sports wagering connects you to your passion for sports.
  3. Competitive odds. Winning is a distinct possibility and rewards can be generous.

1. Easy To Use Apps

Colorado sports betting definitely benefits from smartphone technology. With just a few swipes, you can place wagers, look up statistics, and score promotional cash. Bets that would have taken hours or days to place in the 1980’s can now be accomplished in a few seconds using one of the available sports betting apps. Today, you can even use the speedy interfaces to place in-play bets while the game is underway.

BetMGM Sports Betting App

2. Engaging Content

We all love sports, and most of us have a favorite team that we’re really passionate about. Colorado sports betting sites allow you to show your team spirit and align your wallet with your interests. Every time your team scores, you’ll feel an instant adrenaline rush that’s well worth the price of admission.

3. Competitive Odds

If you’re a big sports fan, maybe you have insights into the game that can help you to win extra cash. Sports wagers have long been favorites with savvy gamblers who can expertly dissect statistics looking for advantages. Thanks to the competitive sportsbook scene in CO, the odds on offer are generous. This can lead to some healthy rewards for your knowledge.

Are Online Sportsbooks Safe and legal in Colorado?

Sports wagers are completely legal, as long as they are placed with a licensed Colorado sports betting website. The state has a long history of gambling and there are dozens of regulated sportsbooks in the state. Sports wagers have been enormously popular, with Coloradans placing billions of dollars worth of bets each year.

Bettors are protected by the Colorado Department of Revenue’s Specialized Business Group. This government agency regulates online and land-based sportsbooks, ensuring that they follow the rules and pay out winnings. It’s always good to know that someone is watching out for ordinary gamblers.

You will find that online Colorado sports betting websites follow the law and work hard to impress their customers. They’re happy to pay out winnings because they value their reputations as honest brokers. Gamblers can be assured that their deposits and profits will be kept safe and that promotions will be paid out as promised.

BetRivers Sportsbook Colorado

BetRivers Sportsbook is one of the licensed sports betting websites in Colorado

The Growth of Sports Betting in Colorado

The state’s voters approved a ballot measure in 2019 that opened the door to regulated sportsbooks. The largest and most reputable sportsbooks quickly requested licenses, opening their doors to Coloradans in May 2020.

The first few years saw rapid growth, as big names like Draftkings, Caesars and BetMGM entered the market. They joined the many local casinos in offering easy access to sports betting and helped to create a competitive market. This market competition helps encourage sportsbooks to invest in promotions and excellent odds that are very attractive to ordinary Coloradans.

Colorado sports betting has proven to be very popular, leading to one of the nation’s largest handles. Fans wagered more than 1.5 billion dollars in the first three months of 2022, nearly as much as Nevada. This has been a big boost for local environmental causes. Two-thirds of the  $3.1 million in sports wager taxes will help protect water resources to support the growing state.

Types of Bonus in Online Sports Betting

With so many top sites to choose from, Colorado sports betting customers find themselves in a great position. Sportsbook websites compete for wagers by offering excellent promotions and betting odds. Here are a few of the key promotions you should know about.

Welcome Bonus

New players at Colorado sports betting sites often receive a match bonus on their first deposit. Typically, you may see offers that promise a 100% deposit match, though larger and smaller amounts do exist. There will be strings attached, such as playthrough requirements and other restrictions, but nothing that’s unfair.

DraftKings, for example, offers a 20% deposit match offer for new players, with a huge maximum reward of $1,000. The sportsbook welcome bonuses in Colorado tend to be quite good, but this is a particularly strong offer that isn’t likely to last long.

DraftKings Deposit Bonus Colorado

Reload Bonus

New players aren’t the only ones having fun at Colorado sports betting sites! Typically, deposits made by existing bettors on a particular day of the week will receive a match bonus. This will be less rewarding than the new player bonus, but it can be claimed multiple times. It’s always a good idea to try to time your deposits to coincide with bonus periods whenever possible.

Free Bet

This is one of the most common ways that sportsbooks hand out promotional funds. The free bet promotion can be used just like normal cash when making wagers, but can’t be directly withdrawn. You’ll get to keep any winnings after you wager your free bet, however.

Risk-Free Bet

Sometimes a Colorado sports betting website will offer to reimburse you if a bet fails. The promo funds will come in the form of free bets which can’t be cashed out but can be wagered normally. If the bet wins, the winnings are yours to keep. Essentially, you get two tries to land a bet, which gives you excellent odds of winning.

PointsBet Risk-Free Bet available in Colorado

Odds Boost

While bookmakers try to offer competitive odds on all of their games, they frequently promote one or two with enhanced returns. Games with odds boosts are typically very popular and will reward gamblers with extra cash if their bet lands.

Colorado sports betting site Caesars Sportsbook offers plenty of regular odds boosts, particularly during big games like the NBA Playoffs. Keep an eye on the promos tab to make sure you don’t miss a chance to bag some boosts..

Parlay Insurance

It’s quite difficult to land a parlay, but that’s why they pay out so well. A few dollars can pull in a nice payout, so it’s always tempting to try. Sportsbooks sometimes make it an even better deal by offering parlay insurance that pays out free bets if your first wager narrowly misses.

Loyalty Program

The best Colorado sports betting customers are very valuable to sportsbooks, so they spoil them with extra promos, free bets and other goodies. You typically have to work your way up through the tiers by placing bets and making deposits. It can take some effort to reach the highest levels, but the rewards are more than worth the trouble.

Popular Sports for Betting in Colorado

Colorado sports fans root for numerous top professional and NCAA Division 1 teams. The major pro sides are the Denver Broncos, Colorado Rockies, Denver Nuggets, and Colorado Avalanche. College sports fans can enjoy Air Force Academy, UC Boulder, Colorado State University, University of Denver and University of Northern Colorado.

Popular Centennial State sports for betting include:

Of course, Denver Nuggets sports wagers are the most popular bets in Colorado. Our top sportsbook websites are very busy during basketball season and offer a wide variety of promotions that favor local fans.

How to Sign up for Online Sports Betting in Colorado

Selecting your new favorite Colorado sports betting site is quick and easy. Simply scroll through our list of top sportsbooks and find a bonus that looks tempting. Open the website by clicking on our link and have a look around. When you’re ready to sign up, follow this helpful guide.

  1. Click on the link from our list to be taken directly to the correct webpage. Using our URL avoids any lookalike sites that may not be up to our standards.
  2. Look to the top right of the sportsbook’s homepage. You should see a button inviting you to sign up for a new account. Click on this button to go to the registration page.
  3. Enter your personal information into the account registration form. They’ll need some simple data like your name, address, and SSN to identify you and protect your account.
  4. Select the welcome bonus that aligns with your interests. Sportsbook specific promos tend to payout very well, but some websites have multiple options. Colorado sports betting welcome bonuses may change from time to time, but typically include deposit matches or free bets.
  5. You’ll need to put some money into your account before you place your first wager. Ensure that you deposit enough to take full advantage of your welcome offer.
  6. Don’t forget to keep an eye out for new promotions that the sportsbook may provide.  You’ll find offers like odds boosts and reload bonuses to improve your profits.

How to Sign up for Online Sports Betting in Colorado

Payment Methods for Sports Betting in Colorado

Funding a Colorado sports betting account is surprisingly easy. Typically, you’ll see at least 10 ways to deposit money, including methods for paying cash at local stores. Here are a few of the likely options you’ll have at your disposal.

  • Cash at physical venues
  • Bank Transfers
  • Cryptocurrency
  • Visa
  • Mastercard
  • American Express
  • Discover
  • Paypal
  • Neteller
  • Skrill
  • EcoPayz
  • Paysafecard

Of course each Colorado sports betting website will have different payment options. There may be minor differences, but it’s extremely easy to fund sportsbook accounts, so don’t worry too much.

Responsible Gambling

Placing wagers can be exciting as long as you’re able to enjoy it responsibly. While many people never experience any difficulties, it’s OK to look for support If it all gets to be a bit much to handle. Here are a few good options that you might consider.

  • International Center For Responsible Gaming. Set up in 1996, this group offers evidence-based treatment and conducts research on problem gambling. Talk to someone by contacting them at www.icrg.org or by calling 978-338-6610.
  • Gamblers Anonymous. This organization started in 1957 and was modeled after the 12 Steps of Alcoholics Anonymous. Get in touch with GA by visiting the website gamblersanonymous.org or by calling them at 855-222-5542.
  • National Problem Gambling Helpline. This helpline was founded in 1972 to help people cope with gambling addiction. Visit the website ncpgambling.org or talk to someone at 1-800-522-4700.

Useful Tools

As long as you’re having fun and spending responsibly, betting can help you to enjoy sports in a whole new way. However, it may be helpful for you to set appropriate limits to ensure you don’t overstep the mark.

The top Colorado sports betting sites have tools in place to help you manage your spending. Choose one or several of the following services if you want to set boundaries.

  • Deposit Limits. Specify the maximum you’re allowed to deposit during a specific time period.
  • Loss Limits. Curtail your spending after you’ve lost a specific amount.
  • Time Outs. Take a break from sportsbook gambling for a while to find balance.
  • Self Exclusion. This is a drastic action that removes your ability to access the sports betting website ever again. It is permanent and can’t be undone. Keep in mind that if you’re taking this action, you may also want to find a support group to help.

FAQ

Is sports betting legal in Colorado?

Yes, but the wagers must be placed with an operator licensed in the state of Colorado. This includes all of our top online sportsbooks listed on this page.

What is the legal age to place a bet in Colorado?

You need to be at least 21 years old to gamble on sports in Colorado. This is true whether the bets are placed online or in person.

Can I bet on college sports in Colorado?

Yes, you can bet on NCAA sports in Colorado. There are no special restrictions about what kind of sports are legal in the Centennial State.

Is it legal to bet with offshore sportsbooks in Colorado?

No. Offshore sportsbooks are not legal in Colorado. All bets must be placed with sportsbooks licensed by the state. With so many benefits to locally licensed sportsbooks, there’s no need to place bets overseas.

What are the best Colorado sports betting sites?

We’ve done the research and put together a list of the top Colorado sports betting websites. The sportsbooks found on this page reward gamblers with the best new player bonuses and odds to help maximize your returns.

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