Coloraro sportsbooks launched in May 2020, which makes it one of the longest-tenured states to offer legal sports betting in the US. With one of the best environments for operators, there is plenty of competition in Colorado which only helps the consumer get the best odds and welcome bonuses.
Best Colorado Sportsbooks
With many Colorado sports betting sites and retail sportsbooks to choose from, it's clear that Colorado has one of the most developed sports betting markets in the United States. This makes Colorado a great sports betting state for new and experienced sports bettors alike.
Below, we will take you through each Colorado sportsbook, the pros and cons, and explain how to get signed up and start making money today with Colorado sportsbooks.
Legal sports betting went live in Colorado in May 2020, with many different retail and online sports betting options made available. Since the launch date, Colorado has continued to add high-quality online sportsbooks.
Below is a list of the most popular online sportsbooks in Colorado. With unique promotions and features, it is worth giving each sportsbook a closer look.
BetMGM Colorado is one of the biggest and most popular sportsbooks available. MGM enjoys an excellent reputation in the casino industry and that's helped BetMGM attract a large customer base from the jump. Its retail partner in Colorado is the Midnight Rose Hotel & Casino. BetMGM has also partnered with many different sports teams, including the Denver Broncos.
It offers many different bet types across a large variety of sports, from NFL to soccer. BetMGM also has a good welcome bonus and great recurring promotions for its customers.
New users can use the BetMGM bonus code ROTOBONUS to create an account and receive a risk-free first bet worth up to $1,000.
Caesars Sportsbook Colorado
William Hill and Caesars have partnered to bring you Caesars Sportsbook. Caesars Colorado is a high-quality sportsbook and was one of the first to launch in the state. Caesars is an official sports betting partner of the NFL, so it regularly has great NFL promotions.
Caesars Sportsbook offers a user-friendly online sportsbook that has a great loyalty program, allowing you to earn points towards free bets or discounted vacations. By signing up with the Caesars Sportsbook promo code ROTOFULL, new users can get a first bet on Caesars worth up to $1,250.
DraftKings Colorado is one of the most popular online sportsbooks in the state and its retail partner is Bally's Black Hawk. DraftKings Sportsbook is known for its large variety of betting options and betting promotions. It also has a sports betting and daily fantasy sports partnership with the Colorado Rockies.
By creating a new account, new users can claim the DraftKings Colorado welcome bonus, which is a first time bonus where users can win $200 in free bets using the DraftKings promo code if you win your first bet.
FanDuel Sportsbook Colorado
FanDuel is another daily fantasy sports site in Colorado that many readers will likely be familiar with already. The FanDuel Colorado sports betting app and website are easy to use and navigate, and FanDuel CO always has some kind of promotion or odds boost on offer.
FanDuel Sportsbook is the most popular sportsbook in America, and FanDuel Colorado allows sports bettors in Colorado to enjoy this great sportsbook. Due to its partnerships with the Denver Broncos, FanDuel Sportsbook is a fun, rewarding sportsbook to use in Colorado.
New users can create an account to claim the exciting welcome bonus, which rewards users with a generous bonus using the FanDuel promo code.
PointsBet is one of the more unique sportsbooks in the entire sports betting industry. Yes, PointsBet Colorado offers great promotions, odds, and all the typical betting options that you will find at every other sportsbook. However, what makes PointsBet unique is its betting option called Points Betting.
Points Betting allows users to earn more money based on the margin of the winning bet. For example, if you bet Broncos -7.5 and they win by 14, you will be rewarded for the Broncos clearing the spread by six extra points. This gives Colorado bettors the potential for high profits at PointsBet if they are confident in their spread bets. Use the PointsBet promo code for 4 risk-free bets worth up to $200 each.
BetRivers Colorado continues to grow in popularity. Due to its sports variety, user-friendly interface and reliability, BetRivers is a great sportsbook for new users. Claim your $250 bonus match on your first deposit after creating your new account at BetRivers.
New users can use these free bets to place wagers on the Broncos, Avalanche, Nuggets, and more. It's easy to see why sports bettors are loving using the BetRivers bonus code at the moment.
WynnBET Colorado is a newer sportsbook that is growing in popularity. With its large range of sports, bet types and competitive futures betting markets, there is a lot of money to be made at WynnBET.
New users can also enjoy the loyalty program at WynnBET Sportsbook, which is the national betting partner of NASCAR. WynnBET also has an exciting welcome bonus. By using the WynnBET promo code XROTO upon sign up, new users get $100 in free bets when they wager $100.
Barstool Sportsbook Colorado
Barstool Sportsbook Colorado is another new and popular sportsbook. Created by the sports media company Barstool, this sportsbook is a disruptor just like its parent company. Barstool Sportsbook Colorado has promotions you will not find at any other sportsbook, as well as competitive betting odds.
The welcome bonus at Barstool Sportsbook Colorado is a risk-free first bet worth up to $1,000. This means if your first wager loses, you'll get your stake back as a free bet (up to the value of $1,000).
Betfred Sportsbook Colorado
With over 50 years of betting experience, Betfred Sportsbook has earned its respect in the sports betting industry. Founded in the north of England in 1967, Betfred Sportsbook has expanded globally and has found its way to Colorado for both retail and online sports betting.
New users can sign up now and claim a risk-free first bet worth up to $500. On top of that, the multi-tiered loyalty program at Betfred Sportsbook Colorado will give you reason to keep coming back.
MaximBet Sportsbook Colorado
Formerly SportsBetting.com, MaximBet Sportsbook Colorado is a new player in the sports betting industry. Many will recognize the name Maxim from the magazines, and they have leveraged their brand to bring a sportsbook to the market. They are known for having popular female influencers as ambassadors, including the likes of Nicki Minaj. The sportsbook has also offered Name, Image, and Likeness deals to female college athletes in Colorado.
MaximBet Sportsbook Colorado advertises a large variety of sports, easy payments, 24/7 customer assistance, and excellent betting options. For new users, MaximBet Sportsbook also has a first-time deposit match worth up to $1,000.
Betsafe Sportsbook Colorado
Colorado sports bettors can also sign up for Betsafe Sportsbook in Colorado with the Betsafe promo code. Betsafe is a new sportsbook on the US side, but is quite popular in Europe under the brand of "Betsson".
Yes, sports betting is legal in Colorado. Legal sports betting was signed into law in Colorado in 2019, then officially launched in May 2020. Colorado immediately launched with both retail and online sports betting, though the COVID-19 pandemic initially limited in-person sports betting.
At present, there are 26 Colorado sportsbooks available to sports bettors who at least 21 years old. With many local teams and many sportsbook options, Colorado is a great state for legal sports betting.
Every Colorado online sportsbook has its own welcome bonus, which is used to attract new users. Colorado bettors that are at least 21 years old can claim these sports betting promos and there is no limit to the number you can claim.
The most profitable sports bettors out there use these welcome bonuses at all the top sportsbooks strategically to make thousands of dollars quickly. It is also more profitable to have access to multiple sportsbooks when placing bets since each sportsbook has its own betting odds. Be sure to shop for the best odds and place your wager where it will be the most profitable.
BetMGM Colorado Bonus
The BetMGM Colorado bonus code ROTOBONUS gives new users a risk-free first bet worth up to $1,000. This means you can place your first bet and, if the wager is graded as a loss, you will receive your money back as a free bet, up to $1,000.
While many users like to make a standard moneyline or points spread bet as their first wager, some professional sports bettors advise new users to be slightly riskier with the risk-free BetMGM bonus offer, since there is less risk and more reward.
Caesars Sportsbook Colorado Promos
The Caesars Sportsbook promo offer for new users is also exciting and extremely competitive. The Caesars Sportsbook Colorado promo code ROTOFULL will reward new accounts with a first bet on Caesars worth up to $1,250.
As long as you're at least 21 years old and in Colorado, you will be able to create a new account and take advantage of this Caesars Colorado promo code offer. This offer is better than many other rival promo codes that only offer a risk-free bet worth up to $1,000.
DraftKings Sportsbook Colorado Promos
DraftKings Sportsbook has a generous welcome offer that gives users a chance to start their bankroll off with $200 in free bets. All you have to do is win your first bet, but you must wager $5 or more.
FanDuel Sportsbook Colorado Promos
FanDuel Sportsbook Colorado has one of the most generous welcome promo offers in the entire industry. Today, new users who are at least 21 years old can create an account at FanDuel Sportsbook to claim this welcome offer: $1,000 No Sweat First Bet. Sign up below to take advantage of this promotion.
PointsBet Colorado Promos
PointsBet Colorado is a unique sportsbook, and with that in mind, there is a unique welcome bonus for new customers. Colorado sports bettors who sign up for a new account today get four $200 risk-free bets, up to the value of $800.
To access the full $800, you must place a $200 wager each day over your first four days at PointsBet Colorado. If your $200 wager loses, you'll get it back as a free bet credit.
BetRivers Sportsbook Colorado Promos
The BetRivers Sportsbook Colorado welcome promo offer gives new users extra money in their wallets. After creating a new account, BetRivers Sportsbook gives new users a $250 deposit match bonus on their first deposit. The maximum deposit match you can receive is $250.
WynnBET Sportsbook Colorado Promos
Those who sign up for a new WynnBET Sportsbook Colorado account can claim their welcome bonus. The WynnBET CO promo code XROTO gives new users who make a qualifying deposit $100 in free bets when they wager $100.
Since Colorado sports betting is already legal and live, anyone in the state age 21 and over can sign up for any of the Colorado sportsbooks and begin placing bets today. While going to a retail sportsbook is a cool experience, online sports betting is more convenient, can be done from anywhere in Colorado, and new online betting accounts are eligible for the best Colorado sportsbook bonuses.
Signing up for these mobile sportsbooks is incredibly easy and can be done in a few simple steps:
Choose the sportsbook you want to join.
Download the sportsbook's mobile app (iOS and Android apps are available for most legal sportsbooks in Colorado).
Sign up by entering your personal info, verifying your identity and your location. Don't forget to enter any relevant promo code to access the welcome offers.
Deposit money to begin betting on sports in Colorado!
The most profitable sports bettors have access to multiple sportsbooks to compare odds and place bets where it is most profitable. Also, signing up for multiple sportsbooks allows you to claim multiple welcome bonuses, helping you to build up your bankroll quickly.
Now that you know the CO sportsbooks available to you and how to sign up, the process of betting in Colorado should be simple!
If you are at least 21 years old, you can legally bet anywhere in Colorado with a mobile device. Since online sports betting is legal in Colorado, readers must be inside state lines to use any of the many sports betting apps or on their respective websites.
If you wish to bet in person at a retail Colorado sports betting location, here is a list of sportsbooks you can attend, along with their sports operators.
Ameristar Casino Black Hawk — Ameristar Casino Black Hawk
Betting Types Available at Colorado Online Sportsbooks
There are many bet types available for users to enjoy for Colorado online sports betting. Since Colorado was one of the early adopters of legal sports betting, the state has one of the most developed sports betting markets in the entire country.
Here is a detailed list of the types of wagers available for both professional and collegiate sports in Colorado.
Betting on spreads, or point spreads, is one of the most common betting types in Colorado. To ensure bets are placed on both sides of the matchup, the favorite is given a handicap.
For example, let's say the Denver Broncos are a 4.5-point favorite over the Las Vegas Raiders – in this case the spread would be Broncos -4.5. The Raiders, as the underdog, would be +4.5. Betting on Broncos in this example means you think they'll win by five or more points to cover the spread.
On the other side, Raiders +4.5 would hit if Las Vegas won the game outright or lost by four points or fewer.
Betting the totals, also known as an over/under bet, is typically used to bet on whether two teams will combine to score more (over) or less (under) than the number provided. While the most common totals bet is for the full game, there are betting options for over/under point totals for halves, quarters and more. You can also bet totals on individual player props.
For example, if you see a total at 211.5 points for a Nuggets game and bet the over, the two teams (the Nuggets and their opponent) must combine to score 212 points or more to win the bet. If the two teams combine to score 211 points or fewer, the bet loses.
The simplest bet users can make when Colorado online sports betting is a moneyline wager, since it is simply picking the winner of the game. Odds for moneyline bets can range from +100 (even money) to plus or minus numbers as high as 1000, in extreme circumstances for games that are expected to be lopsided.
Betting odds for the favored team will be listed as a negative number, like -140, meaning you must risk $140 to win $100. For the underdog, the odds will have a positive number, like +165, meaning you only need to risk $100 to win $165.
While you can wager more or less than $100 on a moneyline bet when using Colorado online sports betting sites, American odds are based on betting or winning $100.
Prop bets feature smaller in-game events instead of the game outcome. Betting on props can include team props, such as betting as team's total touchdowns scored, or individual player props, such as the number of rebounds a player grabs in a given game.
Unfortunately, Colorado online sports betting has a restriction on collegiate prop bets. However, users can still bet on props for professional sports.
Futures are wagers on an event or market with an outcome to be determined in the future. The most common type of futures bet that Colorado users place is on a league championship, such as the odds to win the 2023 Super Bowl.
Other examples of futures bets include individual awards, like the NBA MVP winner or NFL Coach of the Year, as well as season win totals, whether a team makes or misses the playoffs, and more. Futures bets often come with longer odds since the waiting time for these bets has built-in risk and there are typically many options (e.g., 32 possible teams could win the 2023 Super Bowl).
Parlays are wagers that combine multiple different bets together into one betslip. It creates a larger payout, but all legs must win for the entire parlay to cash. Obviously, this makes a parlay bet more difficult to win, which is why the odds are longer. Parlays at Colorado sportsbooks can feature moneylines, spreads, totals, and prop bets across different sports.
For example, a three-leg parlay could have Broncos -8.5 on the spread (-110 odds), Nuggets-Suns over 213.5 points at -110 odds, and Avalanche moneyline at -160. The total parlay odds for this bet would be +492. If all the bets hit, you'd win $492.26, plus get back your $100 stake. However, if one of the three bets loses, then the entire parlay is a bust.
Teasers give you the chance to shift the point spread or total for a parlay collectively up or down. Moving the line makes the overall parlay bet easier to win, but it makes the betting odds less profitable.
For example, a parlay taking the Broncos -8.5, Nuggets-Suns over 213.5 points, and the Colorado Buffaloes -11.5 would likely have +597 odds. A four-point teaser would move the lines to Broncos -4.5, Nuggets-Suns over 209.5 points, and Colorado Buffaloes -7.5 for +165 odds. The line has moved in your favor on each of the legs, but the odds have shifted to give you a potentially smaller payout.
Colorado online sportsbooks offer live betting, also known as in-game betting, which allows bettors to place wagers on an outcome while the game is taking place. Based on what is happening in the game, many markets including the spread, total, and other odds will refresh constantly, creating opportunities to place wagers on different odds and outcomes.
For example, let's pretend the Denver Nuggets were +2.5 against the Utah Jazz. However, after Denver begins the game on a 10-0 run, Colorado sportsbooks might update the spread to Nuggets -2. This gives bettors the opportunity to bet on the Nuggets or Jazz at the updated spread while taking into account the in-game action.
Colorado has many top-tier sports teams to bet on across both professional and collegiate sports. While all bet types are available for pro teams in the state, Colorado does have restrictions on college teams.
Live betting and prop betting on college sports are not permitted. However, every other bet type is still available for Colorado college sports betting.
NFL Betting in Colorado
NFL betting in Colorado is the most popular choice among all the sports available. The NFL brings in the most money in the entire sports betting market, and with the popularity of the league and the number of betting options available, it makes sense.
As for Colorado, the Denver Broncos have made serious moves to position themselves as Super Bowl contenders. Colorado sports bettors can place a wager on them to win each week, to win the Super Bowl, to make the playoffs and much more. There are also many prop bets available for players and teams every week of the season at the top NFL betting sites in Colorado.
NBA Betting in Colorado
NBA betting is another popular choice in Colorado, with the Denver Nuggets a young, exciting basketball team. Of course, the Nuggets also have Nikola Jokic, who is the back-to-back NBA MVP. Many users in Colorado were able to make money off betting Jokic to win MVP on futures markets, and they can make the same bet for the upcoming season.
There is an endless amount of NBA betting options on the Colorado sports betting sites.
MLB Betting in Colorado
With the Colorado Rockies a popular in-state team, MLB betting is a solid choice across all the online sportsbooks. Due to the altitude in Denver, savvy bettors often wager the over on run totals at Coors Field and place wagers on players to hit home runs in the ballpark.
MLB betting is a popular option during the summer months when many other leagues are in their offseasons. There are many weekday online sportsbook promotions for Colorado MLB betting.
NHL Betting in Colorado
NHL betting in Colorado is growing in popularity rapidly, especially after the Colorado Avalanche won the Stanley Cup in 2022. You can bet on the Avalanche to make the playoffs in 2023, to win their next game, or to win the Stanley Cup again.
Hockey fans can also bet on props like Nathan MacKinnon to score a goal or Cale Maker to get an assist. The Avalanche are one of the NHL's most storied franchises.
College Football Betting in Colorado
With the Colorado Buffaloes and Colorado State Rams both competitive in their respective conferences, it's good to know fans can place many different types of college football bets at online sportsbooks in Colorado. However, the state does not allow collegiate prop bets. Totals and futures markets are available.
College Basketball Betting in Colorado
College basketball teams in Colorado have been improving, especially the Colorado State Rams. So, it's good to know fans can use their sports betting app of choice to make money on the games.
March Madness is also one of the most popular events of the sports betting calendar, and Colorado bettors can wager on it. Again, it's important to remember that college prop bets are not available in Colorado. Denver is set to host March Madness first- and second-round games in 2023 and 2025.
Which Colorado teams can I bet on?
There are many professional and college sports teams to bet on in Colorado. Due to the number of bet types, online sportsbooks, and teams in Colorado, it is one of the best states for online sports betting.
Colorado also boasts many great teams that are expected to win regularly. The Denver Broncos, Denver Nuggets, and Colorado Avalanche are all top teams in their respective sports, while the Colorado Rockies are usually exciting to watch and play in high-scoring games.
Collegiately, the Colorado State Rams athletic program continues to improve while the Colorado Buffaloes typically are very competitive as well.
The Colorado Rockies have true home-field advantage, due to the altitude in Denver. When teams come to Colorado to play the Rockies, expect a lot of money to be placed on the run total going over and for there to be multiple home runs hit. That's because the ball travels further in the high altitude.
The Colorado Avalanche have proven to be one of the top teams in the NHL, as shown by their performance in the 2022 Stanley Cup Finals. Bet on them to win, make the playoffs, or win the Stanley Cup. Betting sites in Colorado will also let you place props on players to score goals, as well as many other prop bet types.
With an improved roster, the Denver Broncos have Super Bowl aspirations. Bet on the Broncos to win the Super Bowl, to make the playoffs, to go over their win total, to win the AFC West, and much more. You can also bet on TDs scored, yards totals, and awards won for the upcoming NFL season. The Broncos are one of the most bet-on teams in Colorado.
Colorado State Rams
The Colorado State Rams basketball team is usually competitive. Place a wager on the Rams to win in March Madness, to win the National Championship, or to beat their conference rivals any given night. Unfortunately, no Colorado sportsbook will be able to accept player prop bets.
The Colorado Buffaloes are usually found toward the middle or bottom of the pack in the Pac-12. Fans can bet on the Buffaloes to surprise a few of the more established names in the conference. You can place futures bets on the University of Colorado, but sports bettors are unable to place collegiate player prop wagers or bet in-play.
When healthy, the Denver Nuggets are a dangerous team in the mix to make the playoffs each season. Bet on the Nuggets to make the playoffs, to win their next game, or to win the NBA Finals. Fans can also bet on Nikola Jokic to win another league MVP award.
Legal online sports betting is live in Colorado and regulated by the Colorado Limited Gaming Control Commission and the Colorado Division of Gaming.
The Colorado sports betting law in place allows for sports betting in Colorado on both professional and college sports. However, sports bettors in Colorado are unable to bet on individual player props. That restriction is built into the Colorado sports betting law.
Below, let's take a look at a brief history of the Colorado sports betting law:
2021: The number of legal Colorado sportsbooks nearly doubles, growing to 26 in the state. After 20 months of legal sports betting, the total Colorado sports betting handle eclipses $5 billion.
2020: Overseen by the Colorado Division of Gaming, sports betting in the state goes live on May 1, 2020. Both retail and online sports betting go live, though in-person sports betting was initially limited due to the COVID-19 pandemic.
2019: Thanks to the House majority leader Alec Garnett, a Colorado sports betting bill was produced. Retail and online sports betting were both legalized in Colorado following a vote by Colorado taxpayers.
Colorado Sports Betting Bill
In May 2019, the Colorado sports betting bill HB1327 was signed into law by Governor Jared Polis, making sports betting legal in Colorado.
It created three types of betting licenses. The master license is reserved for the state's 33 casinos. For a master license, there is a non-refundable $10,000 fee and a two-year $125,000 licensing fee. There also are sports betting operator licenses, for land-based retail sportsbooks, and internet sports betting operator licenses for Colorado betting sites.
The Colorado sports betting bill also included a state tax rate of 10% for Colorado sportsbooks.
Colorado sports betting is currently live and legal, and bettors in the state have many retail and sports betting app options available to them. Since the state was one of the early adopters of legal sports betting, the Colorado sports betting market is well developed for new sports bettors to take advantage of the many welcome offers and promo codes.
Yes, sports betting is legal in Colorado. Sports betting in Colorado became legal in 2019 and it officially went live in the state on May 1, 2020.
Is betting on sports legal in Colorado?
Yes, betting on sports is legal in Colorado. There are many retail and online sportsbooks for bettors in Colorado who are least 21 years old.
Can I bet on DraftKings in Colorado?
Yes, Colorado sports bettors can start betting online at DraftKings Sportsbook today. DraftKings Sportsbook also has a retail location in Colorado at Bally's Black Hawk in Black Hawk, Colorado.
Can I bet on college sports in Colorado?
Yes, betting on college sports is legal in Colorado. The only college sports betting restriction in Colorado is on prop bets for college sports. Moneyline, totals, bets against the spread, and much more, are legal and available in the state for college betting.
Do I have to live in Colorado to bet on sports?
No, you do not have to live in Colorado to bet on sports in Colorado. If you are at least 21 years old and find yourself in the state, you can sign up for Colorado sports betting. You must be physically present in the state.
How old do I have to be to bet in Colorado?
You must be at least 21 years old to bet on sports in Colorado. This is the typical age requirement for most states.
Zach has contributed to both the fantasy sports and sports betting industries for several years. Along with his company FlurrySports, you may have seen Zach's work at Awesemo, FantasyPros, BettingPros, FanDuel and many others.