Colorado offers access to 19 top sports betting sites, more than any other state. With so many options available, exploring all the promotions from Colorado sportsbooks can be overwhelming. Keep reading to find out which of these Colorado sportsbooks best suits your needs.
| 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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Claim Offer
Review |
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$1000 1st Bet OfferTerms & conditions apply |
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Claim Offer
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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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Claim Offer
Review |
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$500 1st Bet OfferTerms & conditions apply |
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Claim Offer
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$500 1st Bet OfferTerms & conditions apply |
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Claim Offer
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Deposit $50 play with $100Terms & conditions apply |
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Claim Offer
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Deposit $50 play with $100Terms & conditions apply |
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Claim Offer
Review |
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 legal in Colorado. Regulated mobile sports betting became available on May 1, 2020, and retail or land-based sports wagering followed, launching on June 18, 2020.
Top Colorado Sports Betting Offers and Bonuses
Many of Colorado's legal sportsbooks provide new users with appealing sign-up bonuses to help them get started with their betting experience. Here are the best sports betting bonuses available in Colorado for 2024:
Caesars Sportsbook
$1,000 First Bet On Caesars: By using the promo code 'BETMAKERBONUS1000' with Caesars Sportsbook, you can receive up to $1,000 in bonus bets if your first real money wager doesn’t result in a win. New users need to place their initial bet within 30 days of signing up to qualify, and any awarded bonus credits will expire after 14 days if not utilized.
BetMGM
$1,500 in Bonus Bets: BetMGM CO offers new users a chance to bounce back with their second chance offer. If your first bet doesn’t win, you can receive up to $1,500 in bonus bets, distributed as five $300 bonus bets (each representing 20% of the total qualifying wager). To claim this offer, use the BetMGM bonus code 'NEWHIGH1500'. This promotion is valid until December 31, 2024.
Fanatics Sportsbook
Bet $100, Get $100 (10x), When you sign up with Fanatics Sportsbook, you’ll receive a daily bonus bet for ten days, matching the amount of your first wager (up to $100). To qualify, each daily bet must be at least $5 with odds of -200 or longer. No promo code is required 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.
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.
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
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.
Home team advantage: Colorado sports
It’s an exciting time to be a Colorado sports fan. Between the Denver Nuggets winning their first NBA Championship this season and the Colorado Avalanche taking home the Stanley Cup last year, local teams have certainly given their fans plenty of reasons to celebrate.
Despite the recent successes, fans in Colorado should set aside their local pride and research thoroughly before placing any bets. Be sure to check out our how to bet guides before making wagers on your favorite teams.
Colorado Sports Betting Law
Legal sports betting in Colorado was established through House Bill 1327, which allowed the state’s 33 licensed casinos to obtain a primary license to offer sports betting at their locations through an online website or mobile app.
Key milestones and regulations in Colorado sports betting include:
- The Colorado Limited Gaming Control Commission and Colorado Division of Gaming oversee both online and retail sportsbooks.
- Commercial and tribal casinos are legally permitted to operate sportsbooks within their establishments.
- Only individuals aged 21 or older are allowed to place sports bets in Colorado.
- Currently, 19 online sportsbooks are operating within the state.
- Colorado permits college sports betting, including wagers on in-state teams.
- Esports betting is allowed for competitions sanctioned by a recognized sports governing body or an equivalent authority.
- Gambling winnings are considered taxable income for Colorado residents and are taxed at a rate of 4.6%.
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.
Legal Sports Betting Launches in the U.S.
Bettors in Tar Heel State can now sign up with several industry leaders, including FanDuel and Caesars Sportsbook. North Carolina officially launched its online sports betting market on March 11, 2024.
Kicking off the new year, legal sports betting in Vermont began operations on January 11, 2024. Three operators (FanDuel and Fanatics Sportsbook) hold active licenses and were available on launch day.
In Maine, sports betting was legalized on November 3, 2023, with the entry of DraftKings and Caesars Sportsbook. Both operators partnered with local state tribes, as the tribes have exclusive rights to mobile apps and retail sports betting in local casinos.
Legal sports betting in Kentucky started with retail betting on September 7, 2023, followed by the launch of online sports betting on September 28.
Legal Sports Betting Launches in the U.S.
Bettors in Tar Heel State can now sign up with several industry leaders, including FanDuel and Caesars Sportsbook. North Carolina officially launched its online sports betting market on March 11, 2024.
Kicking off the new year, legal sports betting in Vermont began operations on January 11, 2024. Three operators (FanDuel and Fanatics Sportsbook) hold active licenses and were available on launch day.
In Maine, sports betting was legalized on November 3, 2023, with the entry of DraftKings and Caesars Sportsbook. Both operators partnered with local state tribes, as the tribes have exclusive rights to mobile apps and retail sports betting in local casinos.
Legal sports betting in Kentucky started with retail betting on September 7, 2023, followed by the launch of online sports betting on September 28.
