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.
$1,000 First Bet with Caesars
Bet $100, Get $100 (10x)
Bet $5, Get $200 + 3 Weeks of NFL Sunday Ticket
$1,500 in Bonus Bets
Up to $1,050 Free!
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 with 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.
Top 3 Colorado sports betting sites
Skip the daunting task of stacking up Colorado's 19 online sportsbooks against one another. We've identified the top three Colorado betting sites in 2024:
1. Prime Sports
Bet $5, Get $200 + 3 Weeks of NFL Sunday Ticket
2. Caesars Colorado
$1,000 First Bet with Caesars Code: BETMAKERBONUS1000
3. Fanatics Colorado
Bet $100, Get $100 (10x) Ends: Dec. 1, 2024
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
Legal Sportsbooks in Colorado
Editor’s Note (August 25, 2024): 888 Holdings has ended its partnership with SI, leading to the upcoming closure of SI Sportsbook’s U.S. operations. We will provide further updates on this development as more information becomes available.
In Colorado, legal sports bets can be placed online through computers or mobile devices, as well as in-person at the state’s various retail sportsbook locations.
Several sportsbooks have exited the Colorado market recently. TwinSpires ceased operations in Colorado and Indiana on May 16, 2022, followed by BetWildwood shutting down in June 2022. In 2023, Play Maverick, PlayUp, Sky Ute, and WynnBET also withdrew from the state, while Sporttrade made its entry into the Colorado market.
