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Sportsbooks in Colorado

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In this guide we will talk about everything there is to know about online sportsbooks in Colorado. We examine the best sportsbooks in Colorado, the legislation around sports betting, which are the available teams to bet on, and much more.

Gambling, and specifically in its online form, has been a thing for several years, nearly a decade. Casinos were the first ones to go online, and then sportsbooks followed. Ever since the profits from online gambling reach astronomical numbers every year in the US. While not all forms of online gambling are legal, most states have legalized them in one way or another.

Thus, online sportsbooks in Colorado are a thing, since the state has had a positive attitude towards gambling from the beginning. CO’s residents can bet on sports they like, as well as support the state’s teams.

Best online sportsbooks in Colorado

DraftKings sportsbook Colorado Best sportsbook for beginners
FanDuel sportsbook Colorado Best sportsbook for mobile wagers
PointsBet sportsbook Colorado Best sportsbook for in-play wagering
BetRivers sportsbook Colorado Best sportsbook for boosted odds
BetMGM sportsbook Colorado Best sportsbook for bonuses
Caesars sportsbook Colorado Best sportsbook for parlay wagering
Barstool sportsbook Colorado Best sportsbook for high rollers

Due to the high popularity of sports, people can find the best online sportsbooks in Colorado. These bookies are pillars of online gambling and have been around for years, providing bettors with a first-rate experience. Below we’ll go through sportsbooks in CO that have an extensive sports list, attractive bonuses, and excellent customer service.

FanDuel sportsbook Colorado

One of the top-rated sportsbooks in Colorado is FanDuel. Besides the alluring welcome offers and the regular bonuses, FanDuel Sportsbook offers a great variety of sports, payment methods, and betting types. Actually, the bookie has invented a new betting type, the same-game parlays, where bettors can build a ticket with bets from the same game.

Not only that, but the website, the app, and the customer service are excellent. The developers thought thoroughly about the building of the sportsbook’s online platforms. Thus, there are not even minor connectivity or bug issues. Everything has a friendly interface so that the user can navigate easily. FanDuel Sportsbook in Colorado partners up with popular teams and gives exclusive offers to the fans of each team. Finally, bettors can try their luck on the Daily Fantasy Sports version of FanDuel, as it is one of the oldest and most popular DFS bookies too.

DraftKings sportsbook Colorado

On the opposite side of FanDuel stands another superb sportsbook in Colorado, DraftKings. Their rivalry is pretty famous, and every sports bettor knows the two bookies always compete. This could only mean that DraftKings is equally good. Indeed, DraftKings Sportsbook in Colorado offers a high-level betting experience. Naturally, the website and the app run smoothly, with no problems. However, DraftKings has one of the most extensive sports lists in the US.

There, bettors can find even the strangest sports to bet on. In addition, they can also play Daily Fantasy Sports, as DraftKings also started as a DFS bookie. Last but not least, DraftKings is also famous for its bonuses and offers. Every day, there are new bonuses available for different games and sports. Thus, if someone misses a bonus on a certain sport, chances are they can get it in the following week.

PointsBet sportsbook Colorado

One of the best sportsbooks in Colorado is the Australian brand of PointsBet. It joined the American market quite recently after it partnered with NBC sports. PointsBet Sportsbook offers all the commodities of the other sportsbooks, such as a smooth and organized website and app, an extensive list of available sports, promotions, and good customer service.

However, PointsBet Sportsbook in Colorado has something that makes it stand out. It is its interesting betting system, the PointsBetting system. This system is a high-stakes wagering one, where the total payout of a bet can be multiplied by the final score. If the bet is over the original line, the value is multiplied for every point above it. However, if it is under the original line, its value is diminished for every point under it.

BetRivers sportsbook Colorado

Another sportsbook in Colorado that stands out from the rest is BetRivers. This sportsbook was one of the first ones to launch live betting. Until today, it remains a top choice for bettors who place their wagers live. To make the experience more thrilling, BetRivers has constant offers for live betting, special bonuses, and great live odds. Other than that, it is a decent sportsbook for normal sports betting.

The CO residents can find all sorts of bet types and many sports to choose from. Even though the bookie does not sign regular big partnerships, it offers attractive bonuses and promos to new and existing customers. Finally, the website and the app are also top-notch. Customer support is great, too. Therefore, BetRivers is fairly one of the best sportsbooks in Colorado.

Caesars sportsbook Colorado

This sportsbook is popular across the states. The brand built its name with the casino, and it moved to sports betting too. Caesars Sportsbook in Colorado has a luxurious feel, which resembles the retail locations. The online design is in green and gold, the brand’s trademark colors.

They perform flawlessly, and the navigation is easy. Caesars Sportsbook relies greatly on its good reputation. Thus, it is not as competitive as the other sportsbooks. Even though it offers many sports to bet on, including European too, it does not have that many bonuses. There are some good and attractive ones, but they are not as many as in the other bookies.

About online sportsbooks in Colorado

Online sports betting in Colorado is a popular activity. As far as legal sports gambling is concerned, Colorado is one of the least restrictive state in the U.S when it comes to online sportsbooks and what you can do on them.

Colorado is the only state where you can legally bet on in-state college sports. Registration does not require you to be present in person. You can legally bet online from anywhere in the state of Colorado. It doesn’t get any better than Colorado when it comes to legal sports betting.

Yes, online sportsbooks are legal to use in Colorado. The state made it officially legal in November 2019, when the residents voted in a relative referendum. In May 2020, the first wagers were placed.

The history online sportsbooks is rather short since the state legalized all forms of online gambling in Colorado within a year. In early 2019, the House leader, Alec Garnett, produced a bill that passed the Colorado General Assembly. Yet the law obliged the House to ask the voters if they wanted to legalize sports betting. So, in the November referendum, they voted yes.

In May 2020, sports betting officially started. Sportsbooks in Colorado could operate both in retail and online, despite the difficulties of the COVID-19 pandemic. Next year, the number of online sportsbooks doubled, and by 2022, the profits were very big.

Licenses, fees, and taxes

Colorado General Assembly decided that there would be three types of licenses. The first one is the Master license, which is only for the 33 casinos in the state. The second license is that of the Sports Betting Operator, which is for the retail sportsbook operators. The third one is the Internet Sports Betting Operator license, which allows each casino to have one online skin.

The Master’s license has a $10,000 fee, and then a $125,000 fee every two years. A casino with a Master’s license can partner up with retail and an online sportsbook in Colorado and use only one internet platform. Finally, there is a 10% tax rate on all sportsbooks in Colorado.

Steps on signing up for an online sportsbook in CO

Signing up for an online sportsbook in Colorado is very simple. Bettors who want to join one can follow the next steps. However, they must always keep in mind to provide only true personal details.

That is because the sportsbooks in Colorado run constant background checks to make sure that everything is legal. In addition, they have the right to ask for proof, such as an ID or a passport, to verify the information a bettor has filled in.

  1. Find an online sportsbook in Colorado – Finding online sportsbooks in Colorado should not be difficult. As aforementioned, the best sportsbooks in the industry are already in full effect in the state. Given their success and the fact that they are legitimate, they are top choices. Besides, they have the best offers, many sports to choose from, and all the commodities a sportsbook can offer.
  2. Sign up – After choosing which sportsbook to join, the next step is to register. The bettor needs to fill in their email and generate a unique password. Next, they have to write their full name, home address, mobile phone number, date of birth, and the last four digits of the Social Security Code. This is when the sportsbook may ask for an ID verification too.
  3. Deposit – In order to get a bonus or place the first bet, the bettor must make a deposit first in most cases. If there is a free bet or a no deposit bonus, this step is not necessary. However, in all the other cases, as well as in the case the bettor wants to place a second wager, they should deposit at least $10. This is the minimum amount for deposits in most sportsbooks. So, after the bettor types the amount they wish to deposit, then they choose one of the available methods. The brief mentions further on which are the acceptable payment methods in online sportsbooks in Colorado.
  4. Start betting – Once the account is verified and funded, the bettor can start betting. Colorado residents can bet on many teams, and sports, choose from a variety of betting types and get many cool bonuses.

There are many popular teams to choose from when you use Colorado betting apps or visit betting websites. The sports culture is quite popular in Colorado. In fact, the state houses some of the best teams across the US. Most of them are based in Denver. But they cover a wide range of sports, including NHL, NBA, NFL, MLB, MLS, etc.

  • Colorado Buffalo – This team plays in the NFL and has won the college national championship in 1990, with a score of 11-1, as Eric Bienemy was the star of the game. They have also won the Fifth Down Game when playing against Missouri. In addition, Colorado Buffalo was won over Notre Dame in the Orange Bowl with a score of 10-9. These are only a few achievements of the Buffalos, as their total titles reach up to 27.
  • Colorado State Rams – Another team available in sportsbooks in Colorado is the State Rams. They have 15 conference titles. In 2017, the Rams got a new Canvas Stadium, in Fort Collins. They have been playing at the Sonny Lubick Field for many years, and it was time to change the stadium.
  • Colorado Avalanche – Colorado Avalanche team is the state’s pride in NHL. Avalance has won three Stanley Cups, one in 1996, as soon as it moved to Denver from Quebec, one in 2001, and one recently, in 2022.
  • Colorado Rockies – The Rockies started playing as the MLB expansion team in 1993. In 2007, they advanced to the National League but did not make it to the World Series. The last time they finished with a winning score was in 2018.
  • Denver Nuggets – One of the most successful teams to bet on in sportsbooks in Colorado is the Denver Nuggets. For the past three seasons, they have been advanced to the semifinals or finals at the Western Conference. Their leader, Nikola Jokic, has been voted the league’s Most Valuable Player. He is 6-foot-11, center, and has an average of 26 points, 11 bounds, and 8 assists for every game he played in 2020-21.
  • Colorado Rapids – The Rapids were one of the first teams in MLS back in 1996. They made their appearance in 1997 in the MLS Cup, and then again in 2010 and won. The Colorado Rapids have also been runners-up back in the 1999 US Open Cup.
  • Denver Broncos – The Broncos have won the Super Bowl three times, one in 1997, 1998, and 2015. From 2017 to 2021 they have been losing. However, they make their best efforts to change things in the upcoming season of 2022-23.

Best sports to bet on using sportsbooks in CO

Here is a small list of just a few of the available sports to bet on at the best sportsbooks in Colorado:

  • Baseball
  • Basketball
  • Football
  • Hockey
  • Tennis
  • NASCAR
  • Golf
  • Soccer
  • Boxing
  • MMA
  • etc.

Colorado online sportsbooks offer a variety of betting options to their customers. There are many types of bets, but these are the most common and most popular ones:

  • Moneyline – The money line betting type is the most common. Usually, it is how the new bettors get into sports betting. They simply have to bet on which team they think will win the game. So, a money line does not require any skills, nor does it give huge payoffs. But it is a good place to start.
  • Totals (over/under) – Another popular betting type at sportsbooks in Colorado is the totals, or else over/under. The bettor guesses if a specific statistic for a game is going to be over or under the fixed value. For instance, the bettor must guess whether the total score of two teams in a game will be over or under the fixed original line.
  • Point spreads – In a point spread, there is a special point, called the handicap. The bettor has to think in advance about which team will score more points than the handicap. If the betting type loses the game, the other one wins the point spread.
  • Parlays – The parlays are popular across the sportsbooks in Colorado, but they are a difficult bet to win. In a parlay, the bettor creates a ticket with many bets from different games. To win the parlay, the bettor must win all the separate bets on the ticket. If the bettor loses even one bet, they lose the whole ticket.
  • Future bets – Another popular betting type is the futures. The bettor places a wager on a team or a specific player they believe will win. The futures can be placed at the start, the middle, or before the end of a sports season, and they can be about anything.

Tips for sports betting in Colorado

Below there are a few tips to think about when sports betting in Colorado. Even though they may seem generic, they are the foundation of responsible sports betting.

  • Responsible gambling – Responsible gambling can be translated in so many ways. First, a bettor should have a specific budget dedicated to betting at sportsbooks in Colorado. They should not exceed it in any case, because it is very easy to get carried away. So, even if the bettor wins consecutively, they should not bet more because luck turns around pretty easily. Another thing experienced bettors do for responsible gambling is that they set a time frame within which they allow themselves to bet. That is, a bettor may place bets only on Thursdays, or weekends. Thus, they do not get carried away, and they eliminate the chance of getting addicted to it.
  • Education is key – Sports betting in Colorado is not something anyone can do just because they woke up feeling like it. There is a whole language behind it, which all bettors should know and understand. If one does not recognize sports betting terms, how will they place wagers, let alone win? Nevertheless, education does not stop only at the jargon of sports betting. Bettors should know about the sports they are interested in, teams, players, administration, coaches, and so on. This information is crucial in order to have a chance to win money over betting.
  • The bonuses save money – Many bettors are hesitant about the bonuses of sportsbooks in Colorado. At least the newbies are, who are just getting started and do not know how the whole industry works. However, legal sportsbooks offer true bonuses, in the sense that these bonuses do save money. They do what they promise. If there is a deposit match bonus, the bettor will see their money double in their account. Thus, it is wise to take advantage of bonuses and promotions.

Available promotions at CO sportsbooks

The best sportsbooks in Colorado have the best promotions and bonuses. It is one of the things that make them so good. They think about their clients. A good bonus is a win-win situation because both the customer and the sportsbook get something from it. The bettor saves or earns more money, and the sportsbook has a pleased customer who will most likely return for more bets.

The most popular promotions and bonuses in sportsbooks in Colorado are:

  • No deposit bonus – A no deposit bonus is usually part of a welcome offer. It promises the bettor that they can place a bet without having to deposit money, and it is a good way for someone to test if they enjoy sports betting. Also, if they win the bet, they get to keep the winnings. Nonetheless, there are a few strings attached to a no deposit bonus, just like with most bonuses. First, it is for one-time use only. Second, the sportsbook may require to bet the winnings a couple of times before being able to withdraw it. Third, the bonus may have an expiration date. Thus, the bettor must take it and use it within a specific period.
  • Referral program – The referral program is most commonly known as the refer-a-friend bonus. Most sportsbooks in Colorado offer it, but not all. Basically, the sportsbook rewards a customer for bringing new clients. It promises to give them money, for example, $50, for every friend they get to register with the bookie. Both the bettor who referred a friend and the friend get the money. This bonus cannot be used unlimited times though. Usually, sportsbooks allow bettors to use the referral program up to ten times.
  • Matched deposit bonus – A matched deposit bonus offer is another one that is usually part of a welcome promotion. A deposit match bonus matches the first deposit up to a certain percentage. Sportsbooks in Colorado usually match the deposit up to 50, 100, 150, or 200%. However, there are times when a sportsbook may offer even a 500% deposit match bonus. This bonus requires a deposit first, and it can be used only once. It usually has an expiration date. The good thing is that the bettor can use the money to place any bet they like. That is, they are not limited to a specific number, cost, or kind of bet.
  • Risk-free bets – The risk-free bet is a promotion available for both new and existing customers. The sportsbook allows the bettor to place any kind of wager and promises them that if they lose, they will get a refund for the money they lost. It is another cool way for someone to see if they like sports betting, as they have a guarantee that they will not lose their money.
  • Free bets – A free bet is one more way for someone to test if you like sports betting. Most of the time, it is part of welcome promotion, and it accompanies a deposit match or a no deposit bonus. Yet, it is only for small bets. No one can use it however they like, in the sense that there are special terms and conditions to its use. But, in any case, it is a nice way to get something extra and try it out.
  • Odds boost – The odds boosts are probably the most popular bonus in all sportsbooks in Colorado. The boost gives more chances of winning, as it gives better and bigger odds. Usually, an odds boost is for a special game or a specific event. Moreover, there are the live odds boosts too. These are only for live betting. They give the bettors odds which change according to the progress of a game.

Payment methods available at Colorado sportsbooks

The last section of this brief is dedicated to the available payment methods offered by the sportsbooks in Colorado. All online bookies try to include every possible payment method to attract more bettors. Besides, every bettor has a specific payment method they like over others. Below are the most common and popular payment options offered by sportsbooks in Colorado.

  • Mastercard
  • Visa
  • Discover
  • American Express
  • PayPal
  • Venmo
  • Skrill
  • Many more

Regarding the deposits, their processing time is instant, whatever payment method someone uses, and in every sportsbook in Colorado. There is always a minimum amount necessary for deposits, which is usually around $10.

On the other hand, the withdrawals take more time to be processed. The processing time depends on the payment option. For example, withdrawals with a Visa card are usually faster than a check. Overall, it takes from 24 hours to seven days for a sportsbook to process a withdrawal. In addition, there is a minimum withdrawal amount too, but it varies from sportsbook to sportsbook.

FAQ

Do Colorado online sportsbooks require ID verification to make wagers?

Yes, online sportsbooks in Colorado require ID verification to make wagers. All sportsbooks in Colorado run background checks on the information you provide them with. This means that if they see something suspicious, they may ask for an ID verification.

How can I find sportsbooks for my preferred payment method in Colorado?

To find online sportsbooks in Colorado that offer your payment method you can check on the cashier section of the site. Legal sportsbooks usually accept all the possible payment methods. For more details, you can refer to the section Payment methods available at Colorado sportsbooks. You will read all about the available payment methods, as well as details regarding the deposits and withdrawals.

What age do I need to be to register and play at a Colorado sportsbook?

The State has specified that the legal age to place sports bets is 21 years old. Naturally, all legal sportsbooks in Colorado operate under this strict rule. Thus, if you are a minor, you cannot join any bookie in Colorado. This is also why all sportsbooks ask for the last four digits of your Social Security Number and your date of birth. In addition, they may require an ID verification to verify your age.