Top Colorado Sports Betting Sites: Best Sportsbooks in Colorado for 2024
Colorado offers access to 19 top-tier sports betting sites — more than any other state. With so many Colorado sportsbook promos available, it can be tough to know where to start. Read on to discover which Colorado sportsbooks are the best fit for you.
| Sportsbook | Bonus | Availability | Claim Offer |
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$1,000 First Bet on CaesarsTerms & conditions apply |
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20% Deposit Match up to $1,000New customers only. Deposit min. $5. Place daily first bet of min. $5 and get up to a $100 bonus bet for 10 consecutive days. Daily bonus issued within 72 hours. |
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First Bet Offer up to $1500Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER. |
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Deposit $50 play with $100Terms & conditions apply |
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Claim Offer
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Colorado sports betting updates
Colorado officially launched sports betting on May 1, 2020, after a close voter approval of Proposition DD in November 2019. This allowed the state’s casinos to offer both retail and mobile sports betting, marking a significant expansion in Colorado’s gaming industry. Tax revenue from sports betting is earmarked primarily for funding state water projects.
Since its inception, Colorado has quickly become a hub for sports betting, with access to 19 different sportsbooks—the most of any state in the U.S. The market’s growth has been fueled by a mix of popular sports, such as basketball and baseball, as well as the steady introduction of new operators like bet365, ESPN BET, and others. At the same time, some sportsbooks like SuperBook and FOX Bet have exited the state, reflecting the competitive nature of the market.
Key developments include record-breaking revenue months, driven by major events like March Madness and the NBA playoffs, as well as partnerships between operators and Colorado sports teams, such as bet365's deal with the Colorado Rockies. There’s also been notable regulatory activity, including the introduction of Senate Bill 177, which aims to allocate more than $10 million in betting revenue to state water projects, and significant fines for proxy betting violations.
Recent milestones include Colorado surpassing $500 million in monthly betting handles multiple times in 2024 and ongoing discussions about expanding betting options, such as fixed-odds wagering for horse racing. The state has also seen increased efforts to regulate and crack down on greyhound racing and sports betting-like fantasy contests.
Overall, Colorado's sports betting landscape has evolved rapidly, marked by continuous growth, regulatory challenges, and a dynamic mix of operators entering and leaving the market.
Is sports betting legal in Colorado?
Yes, sports betting is fully legal in Colorado. The state introduced regulated mobile sports betting on May 1, 2020, marking the official start of legal wagering options for residents and visitors. Soon after, retail or land-based sports betting launched on June 18, 2020, allowing bettors to place wagers in-person at licensed casinos. Since then, Colorado has developed into one of the most active sports betting markets in the country, offering a wide range of options both online and at physical locations across the state.
Top Colorado Sports Betting Offers and Bonuses
Colorado’s legal sportsbooks provide enticing sign-up bonuses for new users to get started with their betting experience. Below are some of the best Colorado sports betting bonuses available in 2024:
Caesars Sportsbook - $1,000 First Bet On Caesars: Use the promo code 'BETMAKERBONUS1000' with Caesars Sportsbook to receive up to $1,000 in bonus bets if your first real money wager doesn’t win. New users must place their initial bet within 30 days of signing up to qualify, and any bonus credits awarded will expire after 14 days if not used.
BetMGM - $1,500 in bonus bets: BetMGM CO gives new users a shot at redemption with their second chance offer. If your first bet loses, you can get up to $1,500 back in bonus bets — provided as five $300 bonus bets (each equaling 20% of the total qualifying wager). Use BetMGM bonus code 'NEWHIGH1500' to claim this offer, which is valid until December 31, 2024.
Fanatics Sportsbook - Bet $100, Get $100 (10x): Sign up with Fanatics Sportsbook and receive one bonus bet per day, matching the amount of your first wager (up to $100) for ten days. To qualify, daily bets must be at least $5 with odds of -200 or longer. No promo code is needed to activate this offer, which is available until December 1, 2024.
Who is eligible to bet on sports in Colorado?
Anyone aged 21 or older and physically present in Colorado is allowed to place sports bets within the state. You can either visit a physical sportsbook or use a computer or mobile device to place bets online.
Here's what you need to know before making your first sports bet in Colorado.
Minimum Age
You must be at least 21 years old to legally place a sports bet in Colorado.
Mobile Betting
Bets can be placed via legal Colorado sports betting websites or mobile betting apps, using either a computer or mobile device. The Colorado Division of Gaming is responsible for regulating all sports betting in the state.
Remote Registration
Remote registration allows both Colorado residents and visitors to sign up and start betting online without needing to verify their identity at a physical sportsbook. This is particularly convenient in Colorado, as most licensed casinos are located outside of the state's more populated areas.
In-State Betting
Online sportsbooks use geolocation technology to confirm users' locations. As long as you can prove you are within Colorado's borders, you can participate in all legal sports betting activities online.
Retail Sportsbooks
Several casinos in Colorado offer retail sportsbooks or self-service betting kiosks. Any of the state's 40 casinos can apply for a Master Sports Betting License. Physical sportsbooks are available in locations such as Black Hawk, Century City, and Cripple Creek.
Taxable Winnings
Winnings from sports betting in Colorado are subject to both federal and state taxes. All gambling winnings are subject to a state income tax of 4.63% in Colorado.
What sportsbooks are legal in Colorado?
The first Colorado sports betting sites went live on May 1, 2020. Today, 19 online operators are accepting bets in the Centennial State.
The Colorado Division of Gaming has approved the following online operators to date:
- FanDuel - Top sportsbook
- Caesars - Best welcome bonus
- bet365 - Intuitive menus
- BetRivers - Best for new bettors
- Betfred - User-friendly
- DraftKings - First-class app
- BetMGM - Best for banking
- SBK Sportsbook - Sharp odds
- Betway - Most secure
- ClutchBet - Clean layout
- Fanatics - NFL live streaming
- Bally Bet - Nice odds boosts
- Tipico - Proprietary software
- ESPN BET - Lots of markets
- SI Sportsbook - Daily promos
- Betsafe - Full menu
- BetMonarch - Locally-owned
- Circa Sports - High limits
- Sporttrade - Trade wagers
The pros and cons of Colorado sports betting
The ability to register remotely is a huge advantage for sports bettors in Colorado. Given that most of the state's casinos are located in less populated rural regions, access could have been a major challenge without this option.
When comparing Colorado's sports betting regulations to those in other states, there isn't much to complain about. The only noteworthy exclusion in Colorado's laws is the lack of college prop bets.
Easy access for online betting companies- Complete online registration and deposit process
- No restrictions on bet amounts
- Lack of college prop betting options
- Unreliable geolocation technology
- Retail locations in less accessible areas
How to start betting in Colorado
With the ease of remote registration and online betting, getting started with sports wagering in Colorado is straightforward. Alternatively, residents can visit a physical sportsbook in a state-licensed casino if they prefer placing bets in person.
Select a sportsbook
Colorado bettors should take their time in choosing the sportsbook that best meets their betting needs. Consider factors like betting odds, customer reviews, bonus offers, and the quality of customer support.
Register online
The state of Colorado has made online registration simple and convenient. Once you've selected a sportsbook, you can easily register via your mobile device or computer by filling in your personal details. Some sportsbooks may also require identification verification through a driver's license or SSN.
Claim a bonus
Make sure to claim any available bonuses when you complete your registration with a new sportsbook. These offers are typically driven by competition among sportsbooks in Colorado and can provide new bettors with several advantages.
- Bonus bets: Some sportsbooks in Colorado will refund your first bet if you lose, often in the form of bonus bets.
- Deposit match: A sportsbook may also match your initial deposit, giving you more funds to bet with, usually subject to certain playthrough requirements.
- No-deposit bonus: This type of bonus allows you to place a bet with no initial deposit, though playthrough requirements often apply.
Choose your bet
Colorado offers a wide variety of betting options, including moneylines, player prop bets (excluding college sports), point spreads, parlays, over/unders (totals), teasers, live bets, and futures.
Deposit
There are many deposit options available for your sports betting account. Each sportsbook in Colorado may offer different methods, but options typically include Play+, PayPal, credit cards, debit cards, bank transfers, or PayNearMe. Cash deposits can also be made at retail sportsbooks.
Be sure to review any transaction fees associated with each method before making a deposit.
Start betting
Explore the various betting opportunities each sportsbook offers. Not all Colorado sportsbooks provide the same betting lines, so doing a little research could help you find better odds or more favorable betting scenarios.
Withdraw
Some sportsbooks may require additional identity verification, such as a driver's license, before processing a withdrawal. Depending on the withdrawal method, it might take anywhere from a few minutes to a few days for the funds to reach your account.
Odds explained
Colorado sportsbooks primarily use American Odds — also known as moneyline odds — as the default format for displaying betting odds. For favorites, the number indicates how much you need to bet to win $100. For example, -150 means you need to wager $150 to win $100.
For underdogs, the number shows the profit for a $100 bet. For example, +155 means a $100 bet would yield $155 in profit if the underdog wins. Since underdogs are less likely to win, you'll generally get a higher payout if they do.
Some betting sites also offer odds in decimal and fractional formats. You can use an odds converter to easily switch between American, Decimal, and Fractional odds.
What you can't bet on in Colorado
Colorado may have some of the least restrictive sports betting laws in the nation. With plenty of betting options available, residents and visitors of the Centennial State can wager on almost any event imaginable.
However, there are a few notable exceptions that are highlighted below:
NFL Draft
Football fans in Colorado are lucky to be in one of the states where wagering on the 2024 NFL Draft is allowed.
esports
While esports betting is legal in Colorado, each esports event must receive individual approval from the Esports Integrity Commission (ESIC).
College sports
Bettors can place wagers on any college team across the country. However, player prop bets are not available.
Awards ceremonies
Although popular on offshore sites, betting on celebrity events like the Academy Awards is not allowed at Colorado sportsbooks.
Politics
Betting on political events is not included in Colorado's sports betting regulations.
Other types of gambling
Colorado is home to 40 casinos, five poker rooms, and one racetrack.
Beyond sports betting, lawmakers in Colorado have been reluctant to legalize other forms of online gambling.
