Colorado Betting Laws & Guide

Colorado not only has sports betting but has an impressive number of options that provide no excuses for those interested to not place bets. While they weren’t the first state to launch sports betting, the way they’ve implemented it has put them at the forefront of sports betting in the US.

Is Sports Betting Legal in Colorado?

Yes, Colorado legalized and launched sports betting in May 2020. You can bet through apps and there are retail locations throughout the Centennial State too. There are more ways to bet in Colorado than in most states, so the sheer volume of options can be overwhelming.

What Betting Sites are Legal in Colorado?

One thing Colorado doesn’t suffer from is a lack of mobile sportsbooks. With over 25 options for bettors to choose from, there’s no way Colorado won’t have a sportsbook that meets your needs. This is the full list of legal sportsbook sites that are operating in Colorado.

  1. Bally Bet: Great odds and bonuses are how Bally attracts customers.

  2. Barstool Sportsbook: Promos and content interwoven with Barstool Sports media help their sportsbook stand out.

  3. Bet365: Incredibly swift payouts and great reviews, Colorado are one of the two states with Bet365.

  4. Betfred Sports: Has a loyalty program that includes deals at restaurants and special offers for birthdays.

  5. BetMGM: You can find almost any sport you want at BetMGM, and they’re highly trustworthy.

  6. BetMonarch: Available in Colorado only, their live betting and customer service are top-notch.

  7. BetRivers: Provides an extraordinary rewards program paired with frequent promos.

  8. Betsafe: Only mobile in Colorado, Betsafe has been in sports betting for 15 years and offers promos consistently.

  9. Betway: A mobile app with amazing bonuses and responsive customer service.

  10. BetWildwood: Exclusive to Colorado, BetWildwood has earned a stellar reputation for its generous welcome bonus and banking security.

  11. Caesars Sportsbook: Another sportsbook with an extensive rewards program, along with a wide variety of sports offered.

  12. Circa Sportsbook: Known for offering top odds for big games and having higher limits than most sportsbooks.

  13. DraftKings Sportsbook: One of the easiest apps to use based on design, offerings, and speed.

  14. Elite Sportsbook: Only open in Colorado and Iowa, Elite Sportsbook boasts competitive odds and bonuses.

  15. FanDuel Sportsbook: It’s hard to find a flaw with FanDuel’s app, with their same-game parlays being at the forefront of the market.

  16. FOX Bet: The relationship with FOX Sports brings tremendous content and promos, especially for football and baseball.

  17. MaximBet: A rookie among sportsbooks, the app is lively with a ton of promotions.

  18. Maverick Sports: One of the many Colorado exclusives, high betting limits, and quick withdrawals helps Maverick compete in the state.

  19. PlayUp: Great odds and even better live betting are the keys to the PlayUp experience.

  20. PointsBet: This Australian sportsbook has prices that compete with anyone, along with PointsBetting which can’t be found anywhere else.

  21. SBK Sportsbook: This sportsbook has no margins on its bets, and as a Colorado-only operator, offers arguably the best odds in the state.

  22. Sports Illustrated Sportsbook: Plenty of options to choose from and the connection with the Sports Illustrated Magazine.

  23. Sky Ute Sportsbook: Their expanding list of sports should help lure in customers, while their half-point purchasing options will likely keep them glued.

  24. SuperBook: One of the best in live betting, aided by the incredible stat-keeping they have in the app.

  25. Tipico Sportsbook: The promos at Tipico are noteworthy, and getting your money is quick.

  26. WynnBET: One of the best parts about WynnBET is having an early cash-out option.

Colorado Sports Betting Rules and Regulations

In Colorado, you must be at least 21 to place a bet. If you are, you can register at a sportsbook by providing this information:

  • Name

  • Email

  • Date of birth

  • SSN

  • Phone number

  • Address

  • Password

Make a deposit, get your location verified, and bet among some of the following:

No College Athlete Player Props

Colorado has banned college player props across all sports for betting purposes. It’s the only bet type that is prohibited in college sports in Colorado.

No High School Betting

Like plenty of other states, high school sports are off-limits when it comes to betting in Colorado.

Best Mobile Sportsbooks Available in Colorado

While these rankings aren’t definitive, this is a breakdown of the top options in Colorado mobile betting since there are so many apps to choose from.

  1. DraftKings: One of the best apps overall, shines in design and responsiveness.

  2. FanDuel: Great navigation, plenty of options, and the best for same-game parlays.

  3. MaximBet: An app that stands out as soon as you open it despite its youth and is only improving.

  4. BetMGM: Offers more sports than nearly anywhere else, with an app that runs smoothly.

  5. Caesars: Also offers a long list of sports and has an excellent Caesars Rewards program.

  6. Sports Illustrated: A lot of markets and promotions in a serviceable app.

  7. Betfred: Great rewards, promos, and odds boost for parlays.

  8. BetRivers: Plenty of options and rewards from a trustworthy company.

Colorado Sports Betting Promos

FanDuel No Sweat First Bet

At FanDuel they use a risk-free bet to welcome customers to their platform. After registering and making a deposit, your first bet of up to $1,000 is insured. If you win, you keep the money. If you lose, the amount you wagered is refunded as a free bet.

DraftKings First Deposit Bonus

Your first deposit at DraftKings is eligible for a 20% deposit match after you create an account. The deposit match caps at $1,000, so any deposit of up to $5,000 will receive the full 20% bonus with it.

PointsBet Risk-Free Bets

PointsBet is another sportsbook that offers risk-free bets, but theirs takes advantage of their PointsBetting system. You can bet up to $1,600 risk-free through PointsBetting odds, or $600 risk-free with fixed odds. If both offers are fully taken advantage of, that’s $2,200 in insured first bets.

BetRivers Deposit Match

With your first deposit after creating an account at BetRivers, they provide a 100% deposit match, up to $250. You put your deposit down, and they put the same amount in your account, per dollar.

SI First Bet

Using the promo code VIP60, first-time users of Sports Illustrated Sportsbook are eligible for $60 in free bets. You have to place a bet of at least $10, and you’ll get the $60 free bet bonus, whether your wager wins or loses.

What are the Sports to Bet on in Colorado?

Colorado has a wide array of sports available to bet on, which includes:

  • Auto-Racing: Formula One, IndyCar, NASCAR

  • Baseball: MLB

  • Basketball: NBA, WNBA, International

  • Boxing

  • College: Basketball, Football

  • Darts

  • Football: NFL and CFL

  • Golf: PGA, LPGA

  • Hockey: NHL, International

  • Rugby

  • Soccer: UEFA Champions League, MLS, Premier League

  • Tennis

Colorado Sports Betting Tips

Master the Basics

There’s no problem with not knowing what something means. There is a problem with betting on things and not understanding them. Check out guides if you have questions or need help learning what everything means.

Pay Attention to Your Money

You shouldn’t bet with money you can’t afford to part with, and you should track your spending habits as you bet. If you’re struggling with financial responsibility due to betting, there are resources available to help you.

Be Smart With Bets

While the Avalanche should dominate the Coyotes 99% of the time, the risk of a single Moneyline bet usually isn’t worth the reward because of the odds. Maybe play it as a parlay or look for other options that offer better odds. Strategy is a part of sports betting.

Colorado Sports Betting Tax Rates

Money won from sports betting is subject to a 4.55% tax rate by the state. For federal income tax, the rate is 24%.

If you win over $600 because of sports betting, it must be reported. The method of winning that much doesn’t matter, only the amount. Losses due to sports betting can be deducted as an itemized deduction.

Is DraftKings Sports Betting Legal in Colorado?

DraftKings is legal in Colorado and has been accepting bets in the state since 2020 when sports betting went live.

Is FanDuel Sports Betting Legal in Colorado?

Yes, FanDuel’s app and website are also legal betting options for bettors that wish to wager in Colorado.

Colorado Sports Teams

Latest Colorado Sports Betting News

  • June 26, 2022: Hang that banner! The Colorado Avalanche defeat the Lightning 2-1 in Game 6 to win the series 4-2, earning Lord Stanley’s Cup.

  • September 1, 2022: The Rockies begin the new month with the final game of their series in Atlanta, looking for a series win.

  • September 2, 2022: The Colorado Buffaloes will host the TCU Horned Frogs to kick off their 2022 football season.

  • September 3, 2022: Colorado State heads to The Big House to take on Michigan for the first game of their football season.

  • September 3, 2022: Air Force’s football schedule begins at home versus the Northern Iowa Panthers.

  • September 4, 2022: A match in DC is a chance for the Rapids to bounce back from consecutive ugly losses.

  • September 12, 2022: Opening up their season with the first Monday Night Football game, the Broncos will head to Seattle to face the Seahawks.