Colorado Sports Betting: A Complete Guide to Colorado Sportsbooks

Colorado sports betting summary

Yes, sports betting is legal in Colorado and has been since November 2019, when voters narrowly approved HB 1327. Governor Jared Polis signed the bill into law, and sports betting officially went live in May 2020 through online and retail sportsbooks.

The industry launched in Colorado during the COVID-19 pandemic, and 15 online sportsbooks were live by year-end.

Yes, you can place bets on Colorado college sporting events. However, you cannot bet on college player props.

To participate in Colorado sports betting, you must be at least 21 years old.

Colorado offers its residents and visitors various sports betting options, both online and in the retail space. The industry’s biggest names are active in Colorado sports betting, and below, we break down the appeal and top features of the best choices in the Centennial State. For more insight into our evaluation process, check out our how we rate guide.

1. BetMGM Colorado

With exclusive NFL betting markets and a great rewards program that lets you exchange points earned for dining credits and hotel rewards, BetMGM gets the job done.

The true difference maker, however, is its extensive sports coverage. From popular U.S.-based options such as MLB, NFL, and NBA to more niche sports such as Formula 1 and the WNBA, the casino-backed sportsbook is our top-ranked overall sportsbook for Colorado residents.

• App Store: 4.8 out of 5 ⭐ (234.7K reviews)
• Google Play: 4.3 out of 5 ⭐ (35.6K reviews)
• Welcome bonus: Up to $1,500 in bonus bets
• Bonus code: SI1500
• Payout speed: Within 24 hours

Check out our BetMGM review for a complete breakdown on one of the best prop betting sites you'll find.

2. Fanatics Sportsbook Colorado

With its sharp design and snappy performance, the Fanatics Sportsbook app has become one of our favorite Colorado sports betting platforms. Fanatics also gives new users a choice between a few unique welcome bonuses, furthering how it stands out from the crowd. Its snappy graphics and ability to use FanCash rewards on NBA apparel also make it one of the best NBA betting sites in the world. 

Fanatics Sportsbook's top feature is the FanCash Rewards, which you can earn every time you make a wager. Pair this ability with the smooth features of Fanatics' mobile app, like the quality number of betting markets and great live betting odds, and you'll understand why users have rated this sportsbook app highly.

• App Store: 4.8 out of 5 ⭐ (111.7K reviews)
• Google Play: 4.7 out of 5 ⭐ (23.7K reviews)
• Welcome bonus (option #1): Up to $2,000 in FanCash
• Welcome bonus (option #2): Bet $50, get $250 in FanCash
• Payout speed: Within 24 hours

Our Fanatics Sportsbook review has everything you need to know about this Colorado betting site.

3. Caesars Sportsbook Colorado

Caesars Sportsbook's user-friendly platform, various betting markets, and efficient and effective customer support department are designed to appeal to bettors. It also features NFL live streaming, which most other operators do not have.

But Caesars Sportsbook also has a secret weapon: the stellar Caesars Rewards program. With this top-tier rewards system, you can turn your bets into rewards points and redeem them for hotel stays, event tickets, and dining options. 

• App Store: 4.7 out of 5 ⭐ (86.3K reviews)
• Google Play: 4.5 out of 5 ⭐ (29.9K reviews)
• Welcome bonus: Bet $1, double your winnings on next 20 bets
• Promo code: SICZR20X
• Payout speed: Within 24 hours

Check out our comprehensive Caesars Sportsbook review to learn more about one of the best parlay betting sites of 2025.

4. FanDuel Colorado

As is the case in most states with regulated sports betting, FanDuel has been a prominent presence in the Rocky Mountain State since Day 1 of legal sports betting. Colorado bettors will find FanDuel packed with top features, including live betting and a generous welcome bonus. 

FanDuel's top feature is undoubtedly its best-in-class user experience, highlighted by a high-functioning app. Other dynamic features of one of the top college football betting sites that contribute to the user experience are attention to detail, a color scheme that's easy on the eyes, and very responsive customer support.

• App Store: 4.9 out of 5⭐ (1.8M reviews)
• Google Play: 4.7 out of 5⭐ (371.9K reviews)
• Welcome bonus: Bet $5, get $150 in bonus bets if you win
• Payout speed: Within 24 hours

Read our full FanDuel review to find out more about the Colorado betting site.

5. DraftKings Colorado

DraftKings is our go-to Colorado betting site for early prop odds. We routinely see NFL, NBA, and NHL player props surface on the platform when the same markets have yet to be posted on other Colorado sports betting apps. We also love the steady flow of bonuses and boosts at DraftKings. The sportsbook’s same-game parlay boosts offer a ton of value.

We view DraftKings as the best overall sportsbook app, thanks to all of these features plus a very functional top-tier mobile app with a clean layout. No matter if you need to bet a same-game parlay in the NBA or bet on the Colorado Avalanche to win the Stanley Cup, DraftKings has you covered.

• App Store: 4.8 out of 5 ⭐ (833.2K reviews)
• Google Play: 4.3 out of 5 ⭐ (168.4K reviews)
• Welcome bonus: Bet $5, get $200 in bonus bets if you win
• Payout speed: Within 24 hours

Check out our DraftKings review to get more info on this top sportsbook, which also has one of the best sportsbook referral bonuses in the industry.

Getting started with Colorado sports betting is a breeze. With plenty of sportsbook options and a clear set of regulations, you can create a new online sportsbook account and begin placing wagers in no time. Check out our list below of steps to get started.

1. Choose a sportsbook

As a Centennial State resident or visitor, you can choose from 13 Colorado betting sites and several brick-and-mortar locations. Consider the online sportsbook features you value most before selecting a platform.

2. Download the betting app

Click on one of our links to claim your bonus and start your registration. Once you’ve signed up, download the sportsbook app of your choice from the Apple App Store or Google Play.

3. Register

Once you have chosen a sportsbook, you can create a new account. Provide your name, address, date of birth, phone number, and e-mail address. Most betting sites will also require your Social Security number for tax purposes.

4. Claim your welcome bonus

Colorado sportsbooks offer a variety of welcome bonuses, including no sweat bets, profit boosts, and ‘bet and get’ offers. If a promo code is required to unlock your bonus, enter it now.

5. Deposit

Colorado online sportsbooks accept a variety of deposit options. Not all betting sites support the same methods, but you can expect to find some combination of credit cards, debit cards, PayPal, and wire transfers.

6. Place a bet

You are ready to begin placing wagers after your deposit has been accepted. The process varies slightly from site to site, but placing a bet at an online sportsbook always involves managing an online betting slip and choosing what to put in your wager.

You simply have to click on a “Place Bet” button to lock in your ticket when satisfied with the wager amount, odds, and potential winnings. 

7. Withdraw your winnings

Withdrawal methods vary among Colorado sports betting sites, but most operators allow you to use e-wallets like PayPal and Venmo, online banking, and checks to access your winnings. Several online sportsbooks can turn around withdrawal requests within 24 hours.

With so many sportsbooks operating in Colorado, sticking to just one can limit the value you get. Each app offers different pricing, bonuses, features, and rules, and using multiple CO sportsbooks lets you take advantage of them all. Here’s why most smart bettors in Colorado keep at least three apps on hand:

🛍 Line shopping

Odds can vary more than you think. One app might list the Broncos at +120 while another posts +128. Small differences add up over time, and having multiple Colorado sports betting apps lets you shop for the best number before placing a bet. Better odds mean better long-term results.

🎁 Welcome bonuses

Colorado sportsbooks compete aggressively for new customers, which means you’re not limited to just one welcome offer. By signing up with several apps, you can collect multiple bonuses, whether that’s bonus bets, bet-and-get promos, or first-bet insurance, giving your bankroll an early boost.

🌟 Find your favorite

Each CO sportsbook has its own feel. One might offer faster live betting, another may have cleaner navigation, and a third might excel with props or same-game parlays. Testing a few apps helps you figure out which interface, features, and tools best fit your betting habits.

📚 Sportsbook rules

Rules aren’t universal across Colorado sportsbooks. How player props settle when someone leaves early, how voids work, or how weather impacts baseball bets can all differ by operator. Having multiple accounts gives you the flexibility to place bets where the house rules work in your favor.

Having multiple licensed sportsbook accounts is a good idea to maximize the amount of welcome bonuses you can get your hands on. Here are the top Colorado sportsbook promos and NFL betting sites available:

BetMGM - Up to $1,500 in bonus bets

New users signing up in Colorado can claim a lucrative welcome offer from BetMGM when using BetMGM bonus code SI1500.

If your first bet loses, you can get up to $1,500 back in bonus bets. 

💡 If your first wager doesn't hit, make sure you stick to familiar betting markets when using your bonus bets. You will not receive the bonus amount back with your returns, so account for the adjusted payout before locking in your wagers.

Fanatics Sportsbook - Claim multiple offers

This Fanatics Sportsbook promo offers new Colorado users multiple welcome bonuses, allowing them to choose between redeeming these:

• Up to $2,000 back in FanCash
• Bet $50, get $250 in FanCash

Up to $2,000 in FanCash

Wager $200 daily for 10 consecutive days to receive up to $200 in FanCash each day for a chance at up to $2,000. Fanatics Sportsbook will return your entire stake, up to $200, as bonus bets if any of your daily wagers settle as a loss. You do not need to place a wager on all 10 days, but you will forfeit your daily $200 bonus for any days missed.

Bet $50, get $250 in FanCash

Bet $10 on any market with odds of -500 for five straight days and get $250 in FanCash awarded in $50 increments, distributed each day.

💡 The $2,000 offer may suit you better if you plan to play more frequently and have the means to do so.

Caesars Sportsbook - Bet $1, double your winnings on next 20 bets

Caesars Sportsbook offers a welcome bonus much different from the other licensed online Colorado sportsbooks. When you use our promo code SICZR20X, and you wager $1, you will receive 20 100% profit boost tokens that can be used to double your earnings fully. 

💡 Getting 14 days is key here to try and maximize this welcome offer. We recommend using the extra time allotted to ensure you find the perfect wagers to use your 20 profit boost tokens.

FanDuel - Bet $5, get $150 in bonus bets if you win

FanDuel offers a large welcome bonus where you will receive $150 in bonus bets, no matter the outcome of your first $5 wager. As a bonus, no FanDuel promo code is required to claim this promotion.

Note: You can only claim the welcome offer on the FanDuel app.

💡 You can feel free to swing large with your initial wager here, since your bonus bets are guaranteed no matter the outcome of the bet.

DraftKings - Bet $5, get $200 in bonus bets if you win

DraftKings Colorado offers you $200 in bonus bets if you win when you sign up and bet at least $5. No DraftKings promo code is required to claim this offer.

A secondary offer gives you 20% of your initial deposit as bonus bets up to $1,000. However, it's not ideal for casual bettors due to the high deposit and wagering requirements.

💡 These bonus bets are not guaranteed, so try to take a heavy favorite with your first wager.

Important terms and conditions:

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit http://gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).Please Gamble Responsibly. 888-789-7777/visit http://ccpg.org (CT), or visit Home (MD).21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Token expires 1/11/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: http://sportsbook.draftkings.com/promos. Ends 1/4/26 at 11:59 PM ET. Sponsored by DK.

Legal Colorado sportsbooks operate under the oversight of the Colorado Division of Gaming, which enforces strict rules to protect bettors. From secure data practices to fair odds and transparent bet settlements, operators must show they can protect your information and handle your wagers responsibly.

When you wager with a licensed Colorado sportsbook, you’re betting with an operator that meets high regulatory standards and is committed to keeping your experience safe and secure.

Colorado’s sports betting market is one of the most competitive in the country, and that’s great news for bettors. With so many operators vying for your attention, the best apps stand out by delivering speed, flexibility, and a strong mix of betting options that fit how Coloradans wager. Here’s what sets the top CO apps apart:

🎁 Welcome offers and promos

Look for bonuses that deliver real long-term value — not just flashy numbers. Straightforward bet-and-get offers or bonus bets you can use immediately tend to make the biggest impact for new bettors.

📱 Mobile app performance

Colorado bettors move fast, and your sportsbook should keep up. The best apps load odds instantly, handle live betting without lag, and make it easy to track wagers while you’re on the move or watching a game.

💳 Flexible payment options

In Colorado, the top apps offer smooth deposits and withdrawals through PayPal, online banking, debit cards, and other trusted methods. Pick an app that processes payments consistently and won’t slow down your betting routine.

⚡ Fast payouts

Strong CO sportsbooks prioritize fast withdrawal approvals. Look for apps known for same-day or next-day payouts so you’re not waiting around after a big win.

🔒 Trusted security

Licensed Colorado operators must follow state regulations, but the best apps go further with advanced encryption and optional extra security tools. Pick a sportsbook that makes protecting your identity and funds a clear priority.

🏈 Wide range of betting markets

Colorado bettors enjoy variety. The best apps deliver strong markets across pro and college sports, plus niche options like table tennis, darts, and international soccer—categories that stay popular in the state’s betting community.

🤝 Reliable customer support

A reliable support team makes a huge difference, especially during busy betting windows. Favor apps with 24/7 live chat and quick responses, so you can solve issues without derailing your night.

🧑‍⚖️ Legal age

You must be 21 years of age or older to bet in Colorado.

📲 Remote registration

Remote registration is allowed in Colorado, meaning individuals wishing to open a sportsbook account do not have to sign up in person at a retail sportsbook location.

📍 Geolocation rules

Colorado sportsbooks use geofencing software to ensure you are betting within state lines. You may be able to make a deposit and view odds in another state, but you cannot place a bet with a CO betting site outside of Colorado.

🏦 Tax on sports betting winnings in Colorado

All sports betting winnings in Colorado, regardless of amount, are subject to 4.40% state tax and all applicable federal taxes.

📅 May 1, 2020: Legal sports betting officially launches in Colorado, with several online sportsbooks going live on Day 1.

📅 November 2019: Colorado voters narrowly approve Proposition DD, legalizing sports betting and establishing a 10% tax on sportsbook revenue.

📅 May 2019: The Colorado General Assembly passes HB 19-1327, sending statewide sports betting legalization to the November ballot.

📅 May 2018: Colorado lawmakers begin formal discussions on sports betting regulation following the Supreme Court’s repeal of PASPA.

📅 August 2017: Legislative committees revisit gambling expansion topics, including early concepts for future sports wagering oversight.

📅 October 2012: The Colorado Limited Gaming Control Commission updates and modernizes casino regulatory standards, later serving as the administrative foundation for sports betting rulemaking.

There aren’t many restrictions in Colorado sports betting, as the state allows wagers on markets such as college sports, the NFL Draft, and esports. For the latter, however, all esports events must first be approved by the Esports Integrity Commission.

Here are a couple of areas where Colorado has restrictions when it comes to sports betting:

🗳️ Politics

Colorado sports betting sites do not offer political betting markets. In fact, online sportsbooks nationwide are prohibited from accepting bets on political events.

🏆 Awards shows

You cannot wager on awards shows, such as the Grammys, Oscars, and Academy Awards, in Colorado.

When it comes to sports betting in Colorado, fans have a deep roster of hometown teams to back, from pro powerhouses to college contenders. Whether it’s the NFL, NBA, NHL, MLS, MLB, or NCAA action, there’s no shortage of exciting matchups to wager on.

🏈 Denver Broncos

Colorado’s pride in the NFL, the Denver Broncos boast three Super Bowl titles and a fanbase as loyal as they come. Playing at Empower Field at Mile High, they thrive on one of the league’s most unique home-field advantages.

🏀 Denver Nuggets

Fresh off their first NBA championship in 2023, the Denver Nuggets, led by Nikola Jokić, have become a must-watch team and a top contender year after year.

⚾ Colorado Rockies

At Coors Field in Denver, the Colorado Rockies deliver MLB action with a reputation for high-scoring games, thanks to the altitude and a hitter-friendly ballpark.

🏒 Colorado Avalanche

With multiple Stanley Cups, including their 2022 win, the Colorado Avalanche bring speed, skill, and physical play to the NHL, keeping fans on the edge of their seats. A perennial contender, the Avs are always a hot ticket in Denver.

⚽ Colorado Rapids

Representing the state in Major League Soccer, the Rapids have a history that includes an MLS Cup win in 2010 and a dedicated fanbase at Dick’s Sporting Goods Park.

🏀 Colorado State Rams (NCAA)

The Colorado State Rams bring competitive action in football and basketball, with strong showings in the Mountain West Conference.

🏈 Colorado Buffaloes (NCAA)

The Colorado Buffaloes are one of the most recognizable programs in the Big 12, drawing national attention in football, especially with flamboyant head coach Deion Sanders.

Since sports betting was legalized in Colorado, the state has taken close to $22 billion in wagers, becoming one of the U.S.'s most popular sports betting destinations.

Colorado took over $1 billion worth of wagers in its first year, and its sports betting handle has continued to grow despite several online sportsbooks exiting the regulated market in recent years.

Yearly breakdown

Monthly handle

Colorado sports betting offers a variety of benefits for bettors who are interested in partaking in the activity, but there are also some drawbacks.

Pros

✅ Mature sports betting ecosystem

Colorado got a later start than some states and launched its market during the COVID-19 pandemic. But over the past four-plus years, the industry has found its footing and is now filled with reputable names.

✅ Wide variety of markets

Despite the aforementioned restrictions on awards shows and elections, bettors otherwise have access to a wide variety of sports betting markets via the legal, regulated sportsbooks operating in the state. 

✅ Taxable revenue

Since licensed sports betting was legalized over five years ago, the state of Colorado has collected over $100 million in taxes from casino profits. Most of that money is dedicated to preserving a vital natural resource in Colorado: water.

Cons

✖ Problem gambling increase

There is an inevitable increase in problem gambling any time the activity is available, and that has been the case in Colorado as well. However, the state does offer numerous resources for those experiencing issues with any form of gambling, such as the Problem Gambling Coalition of Colorado and the local chapter of Gamblers Anonymous.

✖ Potential banning or limiting of sharp bettors

There is always the possibility that bettors who regularly experience success involving large sums of money can have bet limits placed on their accounts or be restricted altogether. That holds true in Colorado sports betting as well, at the discretion of each individual sportsbook.

✖ Remote location of retail sportsbooks

Colorado’s retail sportsbook locations are primarily located in more remote locations, up to an hour away from Denver.

Here’s a look at the latest championship odds for Colorado sports teams:

Odds via BetMGM Sportsbook; Updated Nov. 27, 2025

With legalized and regulated sports betting, using a licensed online sportsbook means you can feel confident entering your personal information, knowing it’s protected. However, some people still turn to unlicensed operators — sometimes to place larger bets or for other reasons — but these sites don’t offer the same consumer protections. Here are some online sportsbooks to avoid in Colorado:

bet365 Colorado

A heavyweight in global sports betting, bet365 brings its reputation for competitive odds and deep markets to Colorado. Its platform caters to both casual and experienced bettors, offering over 30 sports ranging from NFL, NBA, MLB, and college action to international events like tennis, rugby, and cricket.

The mobile app and desktop site are user-friendly, letting players place bets quickly and efficiently. Features like live streaming for select games and customizable same-game parlays give bet365 extra flexibility, making it a strong option for anyone looking to explore a variety of betting opportunities.

• App Store: 4.7 out of 5 ⭐ (363.3K reviews)
• Google Play: 4.6 out of 5 ⭐ (185.4K reviews)
• Welcome bonus: Bet $5, get $150 win or lose, or $1,000 First Bet Safety Net
• Payout speed: Within 24 hours

Learn more about this operator in our bet365 review, including information on the bet365 bonus code.

Colorado sports betting has had plenty of changes over the past several years, with operators entering and exiting the state. However, a healthy variety of licensed online and retail sportsbook options are currently available.

Licensed online sportsbooks

Retail sportsbooks

Colorado regulates sports wagering through a three-part licensing framework overseen by the Colorado Limited Gaming Control Commission and enforced by the Colorado Division of Gaming. These licenses define who can operate sportsbooks, who can run them on behalf of casinos, and which companies can provide supporting technology. Here’s how each license works.

Master License

A Master License is issued to Colorado’s retail casino operators located in Black Hawk, Central City, and Cripple Creek. Only casinos can hold a Master License, and it authorizes them to offer sports betting in the state, both retail and online. Master License holders may partner with one land-based sportsbook and one online/mobile operator, allowing major brands such as DraftKings, FanDuel, BetMGM, and Caesars to operate through these casino partnerships.

Sports Betting Operator License

A Sports Betting Operator License is granted to companies that run a sportsbook on behalf of a casino that holds a Master License. These operators may manage in-person retail sportsbooks, online platforms, or both, depending on the terms of their agreement. This is the license category used by well-known brands that provide the sportsbook product itself, set odds, manage risk, operate the app, and handle customer accounts.

Sports Betting Vendor License

Sports Betting Vendor Licenses apply to companies that provide technology, odds feeds, payment services, geolocation tools, or other essential support to licensed operators. Vendors don’t take bets themselves but play a critical role in the sports betting ecosystem. Examples include geolocation providers, identity-verification companies, data suppliers, and payment processors.

Yes, online sports betting is fully legal in Colorado, with a wide range of mobile sportsbooks already operating statewide. While sports wagering is the main online option available, other forms of online gambling, such as online casinos, are not permitted at this time.

Colorado also offers a mix of land-based gambling options, charitable gaming, and a regulated state lottery.

🎰 Casinos

Colorado features more than 30 retail casinos located in Black Hawk, Central City, and Cripple Creek. These properties offer slots, table games, video poker, and live dealer pits. All casino activity is regulated by the Colorado Division of Gaming.

Online casino gambling is not legal in Colorado.

🐴 Horse racing

Colorado no longer has active commercial horse racing, as Arapahoe Park ceased operations. However, residents can place online horse racing bets through licensed advance deposit wagering (ADW) platforms, which remain legal in the state.

🏆 Daily fantasy sports (DFS)

Daily fantasy sports are legal in Colorado. Major DFS operators — including DraftKings, FanDuel, Underdog, and others — are available to players statewide.

📈 Sports prediction markets

Colorado has not created a specific regulatory framework for prediction market platforms. Any platform offering real-money wagering must comply with state gaming laws and may need approval from the Colorado Division of Gaming to operate legally.

🎟️ Colorado Lottery

The Colorado Lottery has been active since 1983, offering scratch games, draw games, and multistate options like Powerball and Mega Millions. Players can check results and manage their accounts online, but ticket purchases must be made in person.

Top Colorado sports betting apps offer a wide range of deposit and withdrawal options, giving bettors plenty of flexibility when managing their accounts. Many of these operators also rank among the fastest payout sportsbooks, making it easy to access your winnings without delay. Below is a look at some of the most popular banking methods available across leading CO sportsbooks.

Those who partake in Colorado sports betting are fortunate to have a robust amount of online resources at their disposal. These websites include official state agencies that regulate the industry and through which consumers can voice concerns, and multiple organizations related to the treatment of problem gambling. 

Here are some important CO sports betting resources:

• Colorado Limited Gaming Control Commission
• Colorado Division of Gaming Enforcement
• Colorado sports betting rules and regulations

Legal sports betting is available in most U.S. states, with new markets continuing to join the fold. Missouri sports betting is slated to launch in December 2025, bringing both retail and online wagering options to the state. Learn more about betting in your area with the guides below.

Colorado encourages its residents to engage in sports betting responsibly. Online wagering should not impact financial responsibilities, psychological well-being, or interpersonal relationships with family and friends.

Methods promoted include establishing and observing a disciplined approach regarding betting frequency and spending limits and encouraging bettors to do business with legal, regulated sportsbooks. 

Nevertheless, for those who need assistance in regulating their Colorado sports betting activity in any form, the state has an abundance of easily accessible resources available.

• The Problem Gambling Coalition of Colorado
• National Council on Problem Gambling
• Kindbridge Behavorial Health
• Gamtalk