Following the decision of the Supreme Court to strike down the controversial PAPSA legislation in May 2018, Colorado became the 19th state to legalize sports betting two years later on May 1st, 2020.
The state has since licensed and regulated 19 online sportsbooks, including some of the most recognizable and stellar brands in the US marketplace.
Our expert team has reviewed each of these operators to see precisely what they have to offer CO residents in terms of payment options, available betting markets, and the quality of their mobile apps.
But where is the best place to back the Denver Broncos, the Colorado Rockies, or the Denver Nuggets? Read on to see our picks for the top five Colorado sportsbooks.
TOP Colorado Sports Betting Sites & Sportsbook Apps – 2024
BetMGM Colorado – The Best for Available Betting Markets
BetMGM launched in Colorado in May 2020, with the site comprehensively covering more than 20 different sports categories. Interestingly, the operator also offers thousands of betting markets, with a diverse range of options reserved for Broncos, Avalanche, Nuggets, and Rockies games.
Additionally, you can target a broad selection of smaller hockey, football, baseball, and basketball leagues at BetMGM, while multi and same-game parlays are also readily available. We also like the sportsbook’s unique ‘Edit My Bet’ feature, which allows you to tweak your selections and stake values (or even add legs to existing parlays) after the wager has been confirmed.
BetMGM has also developed polished and popular apps for iOS and Android. These apps have earned average ratings of 4.8/5 and 4.4/5 across many users.
Bet365 Colorado Sportsbook – The Best for Secure Payment Methods
Bet365 is a world-renowned European gambling brand that didn’t debut in the Colorado marketplace until September 2022. However, it has wasted no time in becoming a market leader in the state, especially in terms of its tech stack and the range of secure payment options available to bettors.
More specifically, you can process transactions using trusted banking methods such as Visa debit card, PayPal, E-Check, Instant bank transfer, and wire transfer. Secure online banking is also available, while in instances where your Visa debit card and bank are eligible for ‘Visa Direct,’ your cash withdrawal should be completed either instantly or within two hours. Broadly speaking, Bet365 payouts should take no more than two working days to complete.
Of course, you can access these payment methods through the Bet365 mobile app, whether you’re an iOS or Android user. Both examples of native software are sleek and intuitively designed, while they’re rated 4.6/5 and 4.5/5 on the Apple and Google Play Stores.
BetRivers Colorado Sportsbook – The Best for Easy Registration
BetRivers is now accessible in a dozen US states (including Colorado), while it was among the first to be granted a CO license in May 2020. In addition to its stellar rewards program and status as a revered US brand, BetRivers provides one of the quickest and smoothest registration processes in the Colorado market.
While you must be located within the state’s boundaries to bet lawfully at BetRivers CO, you can open an account from anywhere in the world simply by clicking the ‘Join Now’ button in the top right-hand corner of the screen.
You can also save time by entering your email and personal information in the banner at the top. So long as the data is entered accurately and in full, the site should immediately verify your identity and open your account!
You can also create an account through the BetRivers native apps on iOS or Android. However, you should note that these apps both have disappointing average ratings of 3.1/5, meaning that it’s at a slight disadvantage when it comes to the mobile wagering experience that it offers.
DraftKings CO Sportsbook – The Best for Live Betting and Wager Types
DraftKings hit the ground running in Colorado, opening its virtual doors as soon as possible on May 1st, 2020. Of course, the brand is best known as a daily fantasy sports betting site, but it now offers multiple ante post and live markets and some incredibly diverse wager types.
Arguably, the site sets the gold standard regarding live betting options, while its odds are fairly calculated and enhanced through daily price boosts. DraftKings is also great for customer engagement, thanks to its creative betting specials, sportsbook pools, and popular ‘pick ’em’ contests. Popular ‘same game parlays’ can also be accessed through both ante-post and in-play markets, allowing you to combine multiple player props or totals lines in a single wager.
Unsurprisingly, DraftKings CO also offers an exceptional mobile app, with the native iOS software having earned an average rating of 4.8/5 from 453k reviews. The Android app has earned a similar rating of 4.6/5, so you can access a stellar live betting experience regardless of device.
FanDuel Colorado – The Best Mobile Betting App
FanDuel launched in Colorado alongside DraftKings on May 1st, 2020, having emerged as one of the most successful sportsbooks since US states started to legalize betting in 2018. In fact, FanDuel has taken more handle than any other operator in the US market, while it’s arguably the only sportsbook to have produced a better mobile app than DraftKings.
The FanDuel CO app is certainly incredibly well-designed (both from a visual and functionality perspective), while it boasts the easiest-to-use interface in the marketplace. This software can also access daily price boosts and targeted promotions. At the same time, FanDuel’s partnership with the Denver Broncos enables them to offer additional and more precise betting lines on relevant matches through the app.
The app’s undoubted quality is also reflected by the native software’s average rating of 4.8/5 on iOS. On Android, the average rating is almost identical at 4.7/5, so you can enjoy a consistent experience across all device types.
All Licensed Sportsbooks in Colorado 2024
Currently, you can access a whopping 19 licensed sports betting sites and apps in Colorado, including the five market leaders detailed above. Here’s a full list for your reference.
Check out the full list of sportsbooks available in Colorado in 2023:
|Bally’s Black Hawk
|bet365 Sportsbook CO
|Century Casino Cripple Creek
|Saratoga Casino Black Hawk
|Midnight Rose Casino
|McGills Hotel and Casino
|Dostal Alley Casino
|Famous Bonanza Casino
|Lady Luck Casino
|Wild Card Saloon Casino
|Bally’s Black Hawk
|ESPN BET (Formerly Barstool)
|Double Eagle Casino
|Bally’s Black Hawk
|Bronco Billy’s Casino
|The Lodge Casino
How to Get Started with Sports Betting in Colorado
Of course, you can compare and review all of these sportsbooks independently, each capable of offering a secure and user-friendly betting experience in the state. However, we’d recommend wagering at one of our five recommended CO operators, as they arguably offer the best value for your hard-earned cash!
Professional Teams in Colorado
In addition to betting on individual games and events, Colorado sportsbooks also offer a wide range of betting options for professional sports teams in the state. There are currently five major professional sports teams in Colorado, including the Denver Broncos (NFL), Colorado Rockies (MLB), Denver Nuggets (NBA), Colorado Avalanche (NHL), and Colorado Rapids (MLS).
Betting on these teams can be a popular option for Colorado sports bettors, as it allows them to support their home teams while potentially winning some money in the process. Some of the most popular types of bets for professional teams in Colorado include:
- Moneyline bets: This is a simple type of bet where you simply choose which team you think will win the game. If your team wins, you win your bet.
- Point spread bets: This type of bet considers the point spread. The point spread is a number set by the sportsbook to even out the betting action. You can either bet on the favorite team to win by a certain number of points, or on the underdog team to keep the game within a certain number of points.
- Totals bets: This type of bet focuses on the total number of points or goals scored in the game. You can bet on whether the total score will be over or under a certain number set by the sportsbook.
- Futures bets: These are bets on events that will happen in the future, such as which team will win the championship or who will be named MVP. Futures bets can offer high payouts but are also more difficult to win.
- Prop bets: Prop bets are bets on specific events that happen within the game, such as which player will score the first touchdown or how many total yards a certain player will have. Prop bets can offer a lot of excitement and potential payouts but are also more difficult to win.
When betting on professional teams in Colorado, it’s important to remember to do your research and understand the betting options available to you. Look at past performance, current standings, and any injuries or other factors that could impact the outcome of the game. And as always, gamble responsibly and only bet what you can afford to lose.
Colorado Sports Betting FAQ
Is online sports betting legal in Colorado?
Nearly two years after the controversial PAPSA legislation was struck down, Colorado finally moved to legalize retail and online sports betting on May 1st, 2020.
Do I need to be a resident of Colorado to bet online?
No, you do not need to be a resident of Colorado to bet online. However, you must be physically located within the state to place a bet.
Can You Bet on Colorado-based teams in the State?
So long as you’re of legal age and based in the boundaries of Colorado when you bet, you can wager real money on local CO teams such as the Colorado Rockies, Colorado Avalanche, and the Colorado Rapids.
Can I bet on college sports in Colorado?
Yes, you can bet on college sports in Colorado, but there are some restrictions. You cannot bet on college sports that involve Colorado teams, and you cannot bet on any college prop bets.
Can you place bets on a mobile device in Colorado?
Yes. Wagering in Colorado can be done from any location within the state as mobile betting is permitted throughout the region.
Are betting bonuses available in Colorado?
Yes. Due to the number of quality sportsbooks available, Colorado online betting allows access to a plethora of betting offers and promotions.
How old do I need to be to bet online in Colorado?
You must be 21 years or older to bet online in Colorado.
Are Colorado online sportsbooks safe to use?
Yes, all of the sportsbooks listed above are licensed and regulated by the Colorado Division of Gaming, ensuring that they meet strict standards for safety and security.