Colorado Sports Betting - Free $3,250 For Sports Bets In Colorado

Colorado sports betting online is now live! Check out the best online sportsbooks in Colorado and get our best bonus codes!

Every online sports betting site in Colorado allows a person to place bets not only from home but on the move using a mobile sportsbook app.

Most Colorado sportsbooks will offer new players free bets, risk-free bets, or deposit bonuses that you should definitely be taking advantage of.

The Colorado Division of Gaming enforces the state's rules and regulations, ensuring that your money is safe for online sports wagering in the state. Find out more below!

Can I Sports Bet Online In Colorado?

Yes, you are legally allowed to bet sports online in Colorado. Thanks to the passing of HB19-1327 in 2019, Proposition DD allowed for state voters to determine whether or not sports betting would be legalized. Voters voted in favor of the proposition, allowing wagering to begin on May 1st, 2020.

Where Can I Place A Bet?

You can bet anywhere online in Colorado. You simply have to be within the state lines and using an authorized sportsbook.

Colorado Sportsbook List

Do You Have To Live In Colorado To Bet Online?

No, but must be physically located in the state in order to place wagers. Online Colorado sportsbooks use very accurate geolocation technology to ensure that you are within state lines. The second you leave Colorado, the sports betting site will no longer be allowed to accept your bets.

Are Online Sportsbooks Legit?

Yes, all Colorado online sportsbooks that are regulated by the Colorado Division of Gaming are legit and lawful.

Can I Win Real Money At An Online Sportsbook?

Yes, as long as you are using a verified and regulated Colorado sports betting site, you'll always have the chance to win real money with your wagers.

Colorado Sports Betting Sites

BetRivers Sportsbook

BetRivers launched their online sportsbook in 2019 and have since expanded into a full online casino. One of their most famous features was their early cashout option which allowed players to settle wagers before the game ended.

BetRivers launched in Colorado on May 1st, 2020, and currently works with a software development company, Kambi, for its online offerings.

BetMGM Sportsbook

The BetMGM Sportsbook was launched in August 2018 after BetMGM's parent company, MGM Resorts International, and GVC Holdings partnered up to create their sportsbook app.

Now, this sportsbook app is available in Indiana, New Jersey, West Virginia, and Colorado. One of their popular features is the Money Monday Club, which gives players a $10 free bet if they wagered at least $50 the week before.

BetMGM was launched on May 1st, 2020, and currently works with the software developer ROAR Digital for their online offerings.

BetMonarch

BetMonarch was the fifth sportsbook to go live after Colorado legalized sports betting on May 1st, 2020. The BetMonarch sportsbook was developed by the Monarch Casino in Black Hawk, Colorado. Currently, Monarch Casino is the only casino to develop their own sportsbook, with other casinos partnering with other sportsbooks to enter the market.

DraftKings Sportsbook

DraftKings is one of the most recognized sports betting providers online. In order to enter the Colorado market, DraftKings partnered up with Golden Gulch Casino in Colorado.

DraftKings offers a generous welcome bonus, seamless user experience, and live streaming for live betting purposes. DraftKings launched on May 1st, 2020, and currently works with Kambi/SB Tech for their online offerings.

FanDuel Sportsbook

FanDuel is another popular sports betting provider online. Originally started by five guys in Austin, FanDuel has expanded into one of the top daily fantasy sports providers in America.

After PASPA was reversed, FanDuel also wanted to get into the American market. They have since released their own online sportsbook in Colorado as of May 1st, 2020, partnering with Golden Gates Casino in order to do so.

FanDuel currently works with the software developer IGT for their online offerings.

FoxBet Sportsbook

FoxBet is the sixth legal online sportsbook to enter the Colorado sports betting market. FoxBet is the result of a partnership between the media titan, Fox Sports, and the Stars Group.

FoxBet caters to both casual and competitive bettors while also offering an attractive welcome bonus for their new players. They're currently partnered with Eldorado Resorts and launched in Colorado on May 19th, 2020.

PointsBet

PointsBet is expected to launch shortly in Colorado, and when it does, you can expect the same amazing service, betting markets, and unique wagering features just like for bettors in New Jersey and Indiana.

Why Play At Sports Betting Site Vs. A Land-Based Sportsbook?

There are some advantages that come with playing at an online Colorado sports betting site versus a land-based sportsbook:

How Do Sports Betting Signup Offers Work?

Online sportsbooks have different signup offers that you can receive once you join. Each Colorado sports betting site offers their own type of unique promotion, however, there are a handful of types to look out for.

Types Of Online Sportsbook Signup Offers

First Deposit Offer

A first deposit offer matches the first deposit you make up to a certain amount. For example, new BetRivers players can receive a 100% first deposit match up to $250. This means that if you deposit $250, the sportsbook will match your deposit up to that amount. All you need to do is meet the playthrough requirements, which at BetRivers is an awesome 1x wagering requirement!

No Deposit Offer

A no deposit offer is exactly what it sounds like. After signing up for a new sportsbook account, that site will award new players with a bonus in site credit without the need to make a deposit!

Those site funds can be wagered instantly and if you win, the funds can be withdrawn following the completion of the wagering requirement, which is explained in the terms and conditions on each site.

Risk-Free Bet

A risk-free bet is another type of welcome offer that minimizes what you can lose on the very first bet you place. If your first wager with the sportsbook loses, the site will match your losses up to a certain amount, ensuring you're back on your feet in no time! Keep in mind the risk-free wager is only awarded if you lose your first wager.

Colorado Sports Betting Apps

Colorado sports betting apps give you an option to wager on the go, giving you access to hundreds of betting options at the palm of your hand.

Can I Bet On Sports With My iPhone Or Other iOS devices?

Yes. It's very simple. It only takes a few seconds to open the app, find the sport you want to bet on, and then place your bet. You don't even need the app in most cases. The entire online sportsbook is available via your mobile web browser.

Can I Bet On Sports With My Android Phone Or Tablet?

Yes. Just like with an iPhone, you can place bets with the Android app, usually downloadable from the website, or with the mobile browser itself.

Do I Need To Create A Second Account To Play On A CO Mobile Sportsbook App?

No. You can access both your mobile and desktop sportsbook app with the same account. Creating a second account violates most terms and conditions.

How To Download A Sportsbook App For iPhone

Downloading a Colorado betting app is quite simple on the iPhone:

How To Download A Sportsbook App For Android

Downloading a Colorado sportsbook app is also really easy on the Android!

How To Sign Up To Sports Betting Site

Signing up to a CO sports betting site is relatively easy as long as you meet the requirements:

If you meet all of the following requirements, then all you have to do is follow the listed steps below and you'll be ready to play at a Colorado betting site!

How To Deposit At A CO Online sportsbook

Depositing your own money into a sports betting website can seem daunting. However, the entire process is simple, safe, and extremely convenient. All Colorado Online Sportsbooks are equipped with high-level security systems so that all personal information and funds are protected. Here's how you can deposit your funds at a CO online sportsbook:

How To Withdraw From An Online Sportsbook

Likewise, you as a player will want to withdraw your winnings. There are many different options that you can choose from for withdrawal. However, in order to withdraw, you will need to verify your identity and age. Here's the step-by-step process to withdrawing from an online Colorado sportsbook:

Online Sportsbook Payment Options

Online Colorado sportsbooks now offer a wide variety of payment options. So, whether you're looking to deposit or withdraw your funds, we have a list of some of the most common payment options, along with their fees and processing times.

Credit Cards

Credit cards are a very popular form of payment and you can deposit funds into your account with most credit card companies. However, keep in mind that some banks might not allow a deposit into a gambling site with their credit card.

And if the deposit is accepted, the deposit might be seen as a cash advance which comes with fees attached. Therefore, make sure to check your card's terms and conditions before using your credit card.

You can use the following credit cards to make your deposits at a registered, online Colorado sportsbook. However, these credit card offerings may vary from place to place:

Debit Cards

Debit cards are another popular form of payment. Debit cards are used just like credit cards. However, when you make a deposit with your credit card, they take directly from your bank account.

Make sure to check the terms and conditions of your Debit Card to ensure that there aren't additional fees that come with making a deposit to an online Colorado sportsbook.

Play Plus

A Play Plus card is a prepaid card that you obtain through the sportsbook. This makes it simple to deposit and withdraw funds to and from your account. All transactions are instantaneous and furthermore, no fees are charged on Play Plus cards.

Prepaid Cards

Prepaid cards act similarly to credit and debit cards, save for the fact that you need to fund your own account. Prepaid cards are good for deposits and withdrawals, with most deposits and withdrawals occurring within 24 hours.

While prepaid cards do not typically have sportsbook fees associated with them, there might be fees associated with the bank provider. You'll need to check the terms and conditions of the bank provider to see what fees are involved.

PayPal

PayPal is arguably the most popular e-wallet and has been around for more than 20 years. If you see that a sportsbook offers PayPal as a payment option, they're most likely a legitimate betting site as all major sports betting sites have PayPal as an option.

Deposits tend to process right away and withdrawals usually take 24 to 48 hours to process before funds are available in your PayPal account.

Skrill

Skrill is another popular e-wallet and payment processor brand. If you're looking to deviate from PayPal, Skrill is probably your best option. Skrill accounts can be funded in a variety of ways: check, wire transfer, and even through PayPal.

Deposits through Skrill occur instantaneously, but withdrawals can take up to 24 hours. Like PayPal, you can only withdraw your money if you have completed a deposit with Skrill beforehand.

PayNearMe

PayNearMe is a payment method that works in conjunction with 7/11, CVS, Family Dollar, and other local stores if you want to pay in cash. Simply print a payslip from the online sportsbook, take it to one of the available locations, and hand it to the cashier for processing.

After you've paid your cash, deposits will usually end up in your account within 15 minutes. However, PayNearMe can only be used for deposits. There are no fees associated with PayNearMe.

ACH

ACH is a transaction option where you use your bank for deposits and withdrawals. While there are no known fees from sportsbook for this payment method, you'll need to check with your bank to make sure they don't have separate fees. ACH deposits and withdrawals usually occur within 24 hours.

Check

Another available withdrawal option is to have a check processed by mail. However, this has the longest transaction time out of all the options and you cannot deposit with checks. On the plus side, there are no associated fees with checks and you can always deposit your check into your credit card bank account and deposit via your credit card.

Cash At The Casino Cage

If you are using an online sportsbook with a partner casino nearby, you can always use the Cash at the Casino Cage option. Just head over to the partner casino with all of your online sportsbook information.

You can deposit cash at the land-based casino and have your funds show up instantly. You can also withdraw from your sports betting account at the partnered Colorado casino. There are no attached fees with this process.

What Is The Best Online Sportsbook In CO?

Sports betting in Colorado has exploded and with it comes a ton of great options for wagering. Currently, however, it appears DraftKings may be the best sportsbook due to the welcome bonuses, the abundance of betting options, and being a and trusted brand.

New CO Online Sportsbooks

Since sports betting was made legal in Colorado, there have been some new online Colorado sportsbooks to enter the market. Here are the three best online sports betting sites which have just recently entered as of 2020.

DraftKings Sportsbook

DraftKings was started in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, operating out of Liberman's home. Since then, the company has expanded into offering sports wagering across ten different sports in the U.S., U.K., Canada, Germany, Malta, Ireland, and Austria.

DraftKings partnered with Twin River Worldwide Holdings Inc. to bring its sportsbook to Colorado on May 1st, 2020. They also set up a physical, retail location at Mardi Gras Casino in Black Hawk, Colorado where sports fans can place bets in-person.

FanDuel Sportsbook

FanDuel was started on July 21, 2009 by Lesley Eccles, Nigel Eccles, Tom Griffiths, Chris Stafford, and Rob Jones. Having made its debut at the SXSW festival in Austin, FanDuel has since pivoted into sports wagering after partnering with Valley Forge Casino Resort in 2019 to launch their first land-based sportsbook.

FanDuel also partnered with Twin River Worldwide Holdings Inc to begin sports betting in Colorado on May 1st, 2020.

BetRivers Sportsbook

BetRivers was launched online in 2019 by Rivers Casino, a year after the federal ban on sports betting was removed. Initially known as only a sportsbook site, BetRivers has expanded its offering to table games, online slots, poker, and much more gameplay for users.

On May 1st, BetRivers Sportsbook partnered with Colorado land-based casino, JP McGill's Hotel and Casino, to begin offering their online sportsbook in Colorado.

Sports Betting Types

There is a multitude of betting types when it comes to sports betting. For a single game, you can encounter tens, if not hundreds, of different betting options for a single event. In order to get a better understanding on betting sites, let's take a look at the different types of wagering you can engage in.

Moneyline Bets

The easiest by far is moneyline bets. When you're making a moneyline bet, you're simply betting on whether a team is going to win or lose. The prices are determined by bookmakers. The favorites to win have a negative line for their odds while the team projected to lose has a positive line for their odds.

With favorites, the negative line represents the amount bettors would have to bet in order to win $100. With underdogs, the positive line represents the amount bettors would win if they bet $100.

Point Spread Bets

Point spread requires you to choose a side of a betting line (or spread) set by the bookmaker. Again, a negative symbol refers to the favorites to win and the positive symbol refers to the underdogs.

The favorite has to win by a certain number of points in order to cover the point spread while the underdog can stand to lose by a certain amount and still cover. For example, let's say the Los Angeles Lakers and Washington Wizards and the line looks as follows:

The Lakers then have to win by at least 11 in order to cover the spread and the Wizards have to lose by nine or less (or win the game) in order to cover.

Over/Under Bets

Over/Under bets are simple wagers that bet on whether the total number of points scored in a game will be over or under a certain number of points set by bookmakers.

For example, let's say the point total for a football game between the New England Patriots and the Philadelphia Eagles is 40.5. An under bet would win if the total score combined to be 40 or less while an over bet would win if the total score was 41 or more.

Parlay Bets

Parlays are low-risk, high-reward wagers which combine multiple sides into the same bet in exchange for a larger payout. In order to earn a payout on a parlay, all sides of the wager must win. These wagers can be made with moneylines, point spreads, over/under bets, and prop bets on some occasions.

While parlay bets can be difficult to win compared to other bets, they offer high return and are a fan favorite among bettors because a small investment can bring in huge winnings.

Teaser Bets

Teaser bets are similar to parlay bets in the sense that you can combine multiple bets into the same wager. However, with teaser bets, you can adjust point spreads and directions in your favor.

Similar to parlay bets, teaser bets require all bets to win in order for the teaser bet to win. Furthermore, with teaser bets, you're given a set number of points to help control spreads and this varies between sports.

Keep in mind that payouts decrease as you add more points to either side. Therefore, teaser bets are less than parlay bets since you can change the original spread.

Prop Bets

Prop bets bet on whether or not a certain event will take place during a game. The majority of prop bets are yes/no bets regarding an outcome. Most prop bets are independent of the final result of the game.

Some examples of prop bets include betting on whether or not a quarterback will throw over a certain number of yards, if a certain basketball player will score over a certain number of points, or if an interception will be thrown.

Futures Bets

Futures bets are exactly what it sounds like. Players wage on whether or not a future event will take place. You can think of futures bets like prop bets where you must bet on a certain team/player's outcome before that outcome is decided.

Futures bets can last hours, days, weeks, and even months depending on the sports. However, most futures bets are placed at the beginning of a season or tournament. Here are some examples of futures bets you can bet on:

In-Play/Live Betting

Live/In-Play Betting is simply the process of betting on a game after it has started, thus the name live betting. As the game progresses and the time remaining continues to shrink, live odds for the moneyline, point spread, parlay, and even prop bets are constantly being updated.

This is a popular form of gameplay for players who prefer to let the teams/players sludge it out a little bit before committing to a side.

PointsBetting (only on PointsBet)

PointsBetting is only available on PointsBet and is an unorthodox, high-risk, high-reward, wagering option that alters your payout size depending on how many points your spread covers.

In traditional cases, you win a set amount if your team covers the spread. However, with PointsBetting, the amount won can vary based on how much your team covers the spread. However, it also means that you can lose more if your team suffers a big loss.

Round Robin Bets

Round Robin bets are like parlay bets in the sense that you can make multiple bets at once. This minimizes risk, but also offers potentially high payouts, since you can still break even or make a profit if you miss a selection.

Read our how to bet on sports guide for more information.

What Sports Can I Bet On In Colorado?

In Colorado, you're allowed to bet on a wide range of different sports, including:

betting on nflLearn How To Bet On NFL Online

College Sports Betting

Betting on college sports is a popular, national pastime and there's no exception in Colorado. The rules on college sports betting can vary from state to state. For example, in Colorado, you are not allowed to make prop bets on college sports. Other than that, college sports wagering is available for everyone.

College Basketball

NCAA's College Basketball is one of the most popular sports to bet on, especially when March Madness comes around. NCAAB sports betting is popular from the start of the season in November to April, when March Madness has just finished.

Futures odds are made public for every conference before the season starts. But once the season itself starts, there are hundreds of games each week and thousands of betting options to choose from.

But in March, once the regular season and conference play has wrapped up, the biggest event of the college basketball season happens: March Madness. This is when 68 teams across the nation play for the National Championship.

This is one of the most profitable times for the NCAA and the college sports betting world. During this time, you'll find every kind of bet going on. If you want to bet on college sports, the NCAAB is one you don't want to miss out on.

College Football

Another popular college sport is football. The NCAAF hosts regular season head-to-head games, bowl games, and playoff games, all of which players can bet on. Each Saturday, players have the option to bet on over 100 different games on the schedule, not to mention the 40+ bowl games that are played over a month-long period.

And when the College Football Playoffs semifinals and finals are held, those two events account for two of the biggest gambling days in the year. You can expect college football to last you from late August to December.

Can I Bet On Colorado College Sports Teams?

Yes, you can bet on Colorado college sports teams, but there is an exception. Prop bets are not allowed on college sports.

Can You Earn VIP Rewards From A Sports Betting Site?

Yes. Colorado sports betting sites offer incentivized rewards programs for their players in the form of VIP rewards. At a land-based Colorado sportsbook, you might find VIP rewards like complimentary food and drink or a free stay in one of their rooms. At an online sportsbook, you can find VIP rewards in the form of:

Sports betting and gambling in general in Colorado dates back to 1990 when casino operators began to make their way into Colorado. In 1991, casino gambling was legalized with the requirement that all bets would be held to a maximum of $5 at the time.

Then, in 1994, the Colorado Division of Gaming was created to help oversee and ensure fair play for players at casinos located within Colorado. However, the same year that casino gambling was legalized (1991) PAPSA was introduced onto the floor by Senator Bill Bradley.

PAPSA banned sports wagering nationwide, exempting only Oregon, Delaware, Montana, and select areas within Nevada. PAPSA was signed into law on October 28, 1992 by George H.W. Bush.

It wasn't until May 14th, 2018 that the Supreme Court struck down PAPSA, allowing states to decide for themselves whether or not they wanted to allow sportsbooks within their state lines.

In 2019, Colorado introduced Proposition DD which allowed the people of Colorado to vote on whether or not they wanted to legalize sports betting in Colorado. The vote was passed in favor of Proposition DD and Colorado citizens were able to start betting on sports on May 1st, 2020.

Today, online Colorado sportsbooks are still being introduced due to how recent these events have been.

Authorized Online Sports Betting Vs. Illegal Online Sports Betting

When you're betting at an online sportsbook in Colorado, one of the most important things you need to factor in is your protection. Authorized online Colorado sportsbooks will always protect you when it comes to your information, player disputes, and any other concern you might have.

However, with illegal online Colorado sportsbooks, you can't guarantee that you'll receive player protection. Since they are not regulated by the Colorado Division of Gaming, they are not legally obligated to protect you like an authorized sportsbook.

CO Authorized Online Sports Betting

There are several pros to betting at an authorized online sportsbook:

Illegal Online Sportsbooks

There are several negatives when placing wagers at an offshore or illegal sportsbook:

Who Can Get A CO Authorized Sportsbook License?

Getting an authorized Colorado sportsbook license is an intricate process. First, those who are applying must apply for a Master License which requires you to either be a land-based sportsbook or be partnered with one to be considered

The application fee for a Master License is $2,000 plus a $10,000 deposit to cover initial background investigation costs by the Gaming Control Commission. From there, the operating fees to conduct online and land-based sports betting is $77,000.

While this might seem like a lot of work and money, Colorado is an emerging space for online betting sites. Having only opened its doors to sports betting on May 1st, 2020, casinos are jumping at the opportunity to maintain an online sportsbook.

Colorado Division of Gaming

The Colorado Division of Gaming was founded in 1991 in order to keep everything fair and secure within the gaming industry. From screening sportsbook applicants to overseeing day-to-day functions of already-established casinos, the Colorado Division of Gaming plays a crucial part in how sports betting occurs in the state of Colorado.

The Colorado Division of Gaming patrols casinos handles patron complaints and even continues to monitor licenses to ensure that there are no hidden interests by the owner and that there are no affiliations with organized crime.

By doing all of this, the CDG is able to ensure that every player has a fair and enjoyable gaming experience.

Responsible Gaming

Responsible gaming is very important and the Colorado Division of Gaming takes that very seriously. If you want to make sure you're responsibly gaming, CDG offers a wide pool of resources to ensure that you make your wagers in a safe and accountable way.

Some resources you can check out are the Problem Gambling Coalition of Colorado, Gamblers Anonymous, and Gam-Anon. On top of that, they also offer a 24-hour confidential helpline. You can call them at 1-800-522-4700.

CO Online Betting Frequently Asked Questions

Is Gambling Illegal In CO?

No. Gambling is completely legal in Colorado as long as 21 years or older and are not barred from gambling at another authorized casino.

How Old Do I Need To Be To Gamble In CO?

You need to be at least 21 years or older to gamble in Colorado.

Are CO Online Sportsbooks Safe?

Online Colorado sportsbooks authorized by the Colorado Division of Gaming are safe. They are required to protect all personal and financial information. Furthermore, they are required to ensure fair play at all times for anyone using a betting site.

Can I Win Real Money At CO Online Sportsbooks?

Yes, you can win real money at Colorado online sportsbooks.

Can You Bet On College Sports In Colorado?

Yes, you can bet on college sports in Colorado. However, you can not make prop bets on college teams in Colorado. 

How Many Sportsbooks Are In CO?

There are currently 10 registered licensed sportsbook operators in Colorado, with many more expected to come:

Is MyBookie Legal In CO?

No, MyBookie is an offshore site that is not legal or regulated in the US.

When Did Gambling Become Legal In CO?

Gambling became legal in 1991. However, sports wagering was not legal until November, 2019, when Proposition DD was passed after a majority of Colorado citizens, voted in favor of sports betting in Colorado.

Can I Bet On Sports With My PC or Mac?

Yes, all you have to do is log onto your online sportsbook with your PC or Mac. There, you can place bets on the sport you're watching.

Which CO Online Sportsbooks Accept PayPal?

Here are the following online Colorado sportsbooks that accept PayPal:

How Do CO Gambling Sites Acquire My Location?

Colorado gambling sites use geolocation software to determine your current address. The software does so by triangulating the IP address of the phone or laptop you're using to access the gambling site, thus giving them your current location.

Do I Have To Pay Taxes On My Winnings?

Yes. Both legal and illegal winnings need to be reported and are subject to Colorado tax laws.

What Is Sports Betting Handle?

A sports betting handle is how much money has been wagered on a specific market, sport, or sportsbook. It is not revenue, but instead the total bet amount placed. wagered on a bet.

Who Regulates Online CO Sportsbooks?

The Colorado Division of Gaming regulates all online Colorado sportsbooks and casinos within the state.

Are There Any Sports Betting Restrictions?

Yes, while sports betting in Colorado is fairly lenient, there are some restrictions that come with the state. For one, you cannot bet on any sports that are under the college level. Club, high school, and any other equivalent specialty-level sport is against the rules.

Furthermore, if you're looking to bet in-person, you'll need to bet at licensed casinos in Black Hawk, Central City, and Cripple Creek. There are also some registered tribal casinos that you can bet at in Southwestern Colorado.

To learn more about player safety, visit the Colorado Division of Gaming website.

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