Colorado Sports Betting: Best Colorado Sportsbooks May 2024

Best Colorado Sportsbooks: May 2024

A number of different names come and go from the long list of names on the market. Here's a complete list of all the Colorado sportsbooks currently live and legal in the state:

1. Caesars Colorado Sportsbook

One of the biggest names in casino gaming, it’s no real surprise that Caesars Sportsbook Colorado has started to excel in the Colorado sports betting market. 

While its online sportsbook platform may not be quite as slick as DraftKings' excellent app, the Caesars rewards program is second to none. You even can redeem your loyalty points at brick-and-mortar Caesars casinos in Colorado.

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Must be 21+ to participate. T&Cs apply.

2. Fanatics Colorado Sportsbook

While you can't buy your favorite Broncos jersey over at Fanatics Sportsbook Colorado, you can earn FanCash Rewards by playing on their online sports betting app. 

Unlike other CO sportsbooks, Fanatics Sportsbook offers a unique rewards program that lets sports fans earn towards their favorite teams gear.

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Must be 21+ to participate. T&Cs apply. Play Responsibly.

3. BetMGM Colorado Sportsbook

The range of sports gambling markets available at BetMGM Colorado is one of the best in the industry. 

The online sportsbook has a wonderfully intuitive bet slip that makes creating parlays and figuring out potential winnings a dream. The edit my bet feature is also a pretty nifty one that allows you to change parts of your bet even after you have placed it. 

Up to $1,500 in Bonus Bets if Your First Bet Loses

Bonus Code: BETCOMGM

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in CO. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

4. bet365 Colorado Sportsbook

Hugely successful British online bookmaker bet365 first signed a 10-year agreement with Century Casinos in 2020 allowing it to launch its Colorado online sportsbook in 2022. 

bet365 Colorado is currently working hard to expand its presence in the U.S., offering a number of sports betting promotions like their two - yes, two! - promos available to new Colorado sports bettors.

First Bet Safety Net Up To $1,000

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Must be 21+ to participate & present in CO. Gambling problem? Call 1-800-GAMBLER. T&Cs Apply.

5. DraftKings Colorado Sportsbook

DraftKings Colorado is the market leader in sports betting across the United States, with only FanDuel coming close in terms of sports betting handle. 

This Colorado sports betting app has a simple and extremely user-friendly interface as does their online sportsbook, and both offers a wide range of sports to bet on. It offers a great no sweat first bet but falls a little short on the regular promotions for existing users. 

No Sweat Bet Up To $1,500 + No Sweat NBA SGP Every Day Of The Playoffs

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Must be 21+ to participate. T&C apply.

6. FanDuel Colorado Sportsbook

No sports betting operator in the state wants to bring you in for football season more than FanDuel Colorado does. 

Currently they're offering great promo of Bet $5, Get $150 in bonus bets. Take advantage today and create some magic this season.

Bet $5 Get $150 in Bonus Bets If Your Bet Wins

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Must be 21+ to participate. T&Cs apply.

7. Sporttrade Colorado Betting Exchange

One of the most unique online sports betting sites in Colorado goes to Sporttrade. They've taken a different approach compared to what you see with a typical online sportsbook. 

At Sporttrade Colorado you buy and sell contracts, similar to trading stocks. With an easy-to-use app, it's worth checking out the all-new (to Colorado) Sporttrade.

10% Cash Back On Every Bet Your First Week Up To $300

Promo Code: BETCO

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Patrons must be 21 years of age or older in order to claim the following Offer and must be physically present in the state of Colorado to place a wager.

8. ClutchBet Colorado Sportsbook

ClutchBet Sportsbook Colorado made its way to the state late Spring 2023. Live in only two sports betting states currently, ClutchBet does a great job catering their promotions to the local residents. 

Make your way to the ClutchBet mobile app or online Colorado sports betting site and you'll see specific Nuggets and Avalanche boosts running right now. The sports betting app can be a little clunky but overall it's one of the more solid Colorado sportsbooks.

100% Bet Match up to $250 in Bonus Bets paid over your first five weeks

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Only persons physically located in the state of Colorado are permitted to wager for real money on https://co.clutchbet.com or in app. Must be 21 and over to hold a registered ADSW account. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. Visit https://www.problemgamblingcoalitioncolorado.org/ to learn more.

9. BetRivers Colorado Sportsbook

Partnered with the Triple Crown Casinos in Cripple Creek, BetRivers Colorado went live shortly after receiving their online sports betting license in May 2020. 

Available both on Apple and Android devices, their respectable welcome bonus of up to $250 is one of our favorites available today.

2nd Chance Bet Up To $250

Promo Code: Sports

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Must be 21+ to participate. T&Cs apply.

10. ESPN BET Colorado Sportsbook

ESPN BET Colorado is live after months of anticipation from the Colorado sports betting market. 

Their partnership with PENN Entertainment makes this one of the most intriguing sportsbook launches since Colorado legalized sports betting a short few years ago. The user-friendly mobile app paired with a generous welcome offer makes ESPN BET already one of the top sports betting options in the state.

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Bonus Code: BETCOMGM

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in CO. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

Newest Colorado Sportsbooks

With new Colorado online sportsbooks come new promotions for you. Below are a couple of the newest sports betting options in Colorado:

NOVIG  

The third exchange betting operator to go live in the Centennial State, NOVIG was the latest brand to go live among Colorado sportsbooks before briefly shutting down to undergo platform upgrades. While sports betting exchanges are not yet legal in Colorado, NOVIG had been operating as an online sportsbook until exchange wagering is permitted.   

Fanatics Sportsbook

Merchandising giant Fanatics has jumped into the sports betting world with the launch of Fanatics Sportsbook Colorado. 

After initially launching in 4 states, Fanatics bought Australian sports betting operator PointsBet as part of its expansion plans in the US. Fanatics doesn't have a retail sports betting location in the state at this time.

Where Can I Bet on Sports in Colorado?

You can bet on sports in Colorado at 21 sports betting apps and sites or at 12 retail sportsbooks. As long as you're over the age of 21 years old and within state lines, you can bet pretty much anywhere within the Centennial State. 

List of Online Colorado Sportsbooks

Since the Colorado Limited Gaming Control Commission has allowed 21 different sportsbooks a sports betting license you have aplenty to choose from and use. 

Below is a list of each live CO sportsbook as of May 2024 along with who they're partnered with to be afforded a sports gambling license in the state. 

List of Retail Sportsbooks in Colorado

According to Colorado gaming legislation, all 33 casinos in the state are allowed to operate retail casinos and mobile sportsbooks through partnership agreements. 

However, as of May 2024, there are only 12 retail sportsbooks in Colorado for in-person betting with nearly all of them located in Black Hawk. As there is no deadline on applications for licenses, the list below could change at any time. 

Unregulated Sportsbooks in Colorado

While there are plenty of Colorado sportsbooks to choose from, there are still unregulated online sports betting operators that some bettors may choose to use. Please note that we strongly recommend against using these offshore sportsbooks as you won't find the same safety, trust and features that are included in the legal sportsbooks in CO. Here are just a few of those unregulated offshore sportsbooks to look for.

BetOnline Sportsbook

BetOnline Sportsbook is one of the most popular options among unregulated sports betting operators. However, we highly recommend against using any sportsbook that does not have a sports betting license in Colorado. 

BetUS Sportsbook

BetUS is another option that may appear as a legal sportsbook in CO, but is another unregulated, offshore sportsbook. 

Bovada Sportsbook

Bovada is widely popular for gamblers across the US, including Coloardo sports bettors. However, note that this too is an unregulated sports betting brand that we do not approve of using. 

How to Sign Up For Colorado Sports Betting Sites

With so many sportsbooks to choose from it's easy as ever to start sports betting in Colorado. Below are six steps we recommend you follow when you're choosing between all Colorado sportsbooks available today.

1. ✅ Look at welcome offers and promotions available for new sports betting customers in Colorado. Pick the promotion that suits your betting preferences and that has wagering requirements you can hit (based on how much you expect to wager before the promo expires).
2. ✅ Download your sportsbook app(s) and install on your device. The majority of Colorado's online sportsbooks have iOS and Android apps that can be found in the Apple App Store or Google Play Store. If not, access online sports betting sites via a browser.
3. ✅ Registering for a sports betting account is a straightforward process. Choose a username, enter personal details and verify your account. You may need to enable geolocation on your device to confirm you are within Colorado state lines.
4. ✅ For whichever of the top CO sportsbooks you choose to download and play on first, make sure to use a promo code to activate the promotion. You may need to enter a promo code or opt in for the welcome bonus. Follow the instructions for your chosen bonus carefully so you don’t miss out.
5. ✅ Make the minimum required deposit for your chosen bonus offer.
6. ✅ You should be good to go. All you need to do is find your favorite sports markets and place your first wager.

First Bet Safety Net Up To $1,000

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Must be 21+ to participate & present in CO. Gambling problem? Call 1-800-GAMBLER. T&Cs Apply.

Legal Landscape of Colorado Sports Betting

Sports betting is a thriving industry in Colorado and one that is constantly evolving. This is great news for CO bettors in the state as it means that regulations, rules and laws are always under intense scrutiny. For example, the state government introduced and passed into law the Responsible Gaming Grant Program. 

This allows support and research groups to seek funding for their programs if those programs help toward creating a positive gaming environment and encourage responsible gaming. 

When it comes to scrutiny of the regulation of the industry, the state government is extremely vigorous. A recent audit carried out by Colorado's Office of the State Auditor revealed that there were some issues with how the industry is regulated. 

As a result, there will likely be some changes to how license holders are approved, plus other regulatory procedures. This oversight of the regulator offers assurance to everyone interested in Colorado sports betting sites that the state government does all it can to protect its residents. 

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Must be 21+ to participate. T&Cs apply.

Who Regulates Sportsbooks in Colorado?

Legal sports betting sites and sportsbooks along with all gaming in Colorado is overseen by the Colorado Limited Gaming Control Commission. 

This is a five-member regulatory body (appointed by the Governor) that meets on a regular basis and is seen as the final authority on all things related to licensed gaming in the state. 

This includes the adoption of rules and regulations, the final approval of license holders, and any alterations to gaming tax rates. 

The Colorado Division of Gaming operates under the supervision of the Department of Revenue and works alongside the CLGCC. It is responsible for implementation of the commission’s decisions and the general day-to-day running of the gaming industry. 

Role Of The Colorado Division Of Gaming

The Colorado Division of Gaming is seen as the chief regulator of the state’s sports betting operations. It is responsible for implementation of the commission’s decisions and the general day-to-day running of the gaming industry. As noted earlier, the Division works closely with the CLGCC to oversee sports betting and is mainly responsible for the following: 

• Licensing
• Regulatory compliance
• Monitoring and auditing
• Consumer protection
• Technical standards
• Problem gambling support

Are Colorado Casinos Legal?

As stated above there are a total of 33 casinos located throughout Colorado, primarily in Black Hawk. Many of these casinos are home to not only your typical blackjack table but also retail sportsbooks. 

Where casinos in Colorado aren't legal is online. Colorado law, in no way, allows any real money wagers online for any regulated casinos. However, Betrivers has a social casino where you can play for fun. 

Any offshore casinos you come across online aren't recommended and put you at risk for losing any funds you deposit.

Colorado Sports Teams You Can Bet On

Colorado is a sports-crazy state with a seemingly endless list of professional and amateur teams that locals cheer on. But it’s the professional teams that generally draw sports bettors to the sportsbooks like Sporttrade Colorado.

Denver Broncos

The Broncos have signed multiple Colorado partnership agreements with sportsbook operators, including FanDuel, BetMGM and Betfred. Odds on Broncos games can be found at each and every sportsbook and online sports betting platform in Colorado without exception. 

A couple ideal futures betting options you can take advantage of include betting on the Broncos playoff chances and the Broncos Super Bowl odds. 

Denver Nuggets

As you may have guessed, betting on the Denver Nuggets Championship Odds is pretty easy with most sportsbooks offering special bets on Nuggets games throughout the season. 

Colorado Rockies

Looking to build on its U.S. presence, bet365 recently signed a deal to become the official sports betting partner of the Colorado Rockies. You can expect to see many Rockies offers on Colorado sportsbooks throughout the 2024 season.

Colorado Avalanche

Betting on the Colorado Avalanche is relatively simple, as all sportsbooks in the state carry odds for all NHL games.

Colorado Buffaloes

Led by coach Deion Sanders, Colorado football was one of the hottest college football teams in the country to bet on in 2023, and expectations for the squad are high in 2024. The basketball team, meanwhile, made some noise in the 2024 NCAA Tournament.

Colorado State Rams

Basketball is the big sport for the Colorado State Rams, who made the March Madness NCAA Tournament in 2021-22 and should make it again in 2023-24. CSU has played in the Mountain West Conference since 1999.

Air Force Falcons

The Air Force Falcons have enjoyed a hefty amount of success in the Mountain West Conference over the past five years. Air Force has gone on to win the Armed Forces Bowl in each of the last two seasons and has won at least nine games in four of the last five years.

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in CO. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

Which Sports Are Legal to Bet On in Colorado?

Below are some of the most popular sports and leagues available for wagering to Colorado gamblers through the state’s many online and retail sportsbooks. Bear in mind that this is only a sample – check out Colorado sportsbooks directly if you are looking for a specific sport.

NFL

The NFL is one of the most popular Colorado sports, and with good reason. While the Broncos have not been in the Super Bowl conversation recently, they have lifted the Vince Lombardi trophy three times and have won the AFC Championship eight times. 

They're in transition mode right now, with a new quarterback soon coming to town. Meanwhile, our odds for Russell Wilson's next team project where their former leader could land.

NBA

Now that the NBA Playoffs near, you can be guaranteed that action at local sportsbooks is fierce, with great odds and special parlays available for the majority of regular season games. 

MLB

The Colorado Rockies have never won a World Series and the only time they made it to the series, they were swept away by the Boston Red Sox. So while betting on the Rockies is popular, you’ll find that once the playoffs roll around, it’s about out-of-state teams.

NHL

The Colorado Avalanche are the only active team in the NHL to win all of its Stanley Cup Appearances. That’s an impressive stat, so it’s no surprise that NHL betting is pretty big here in Colorado. 

The most recent win is pretty fresh in the memory, coming in the 2022 season when the Avalanche beat the Tampa Bay Lightning to hoist the Stanley Cup.

College Sports

Colorado is one of several states that allows betting on college sports that involve in-state teams. There are a number of Colorado college sports teams to bet on from the Colorado Buffaloes to the Air Force Falcons. 

There is one restriction, however, when deciding on legal sportsbooks to bet on; individual proposition wagers are not allowed on any college sports.

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Must be 21+ to participate. T&Cs apply.

Do I Have To Pay Colorado Taxes On My Sports Betting Winnings?

Yes, all winnings from any form of gambling must be declared as an income in Colorado. This means winnings from sports betting are subject to the standard income tax rate of 4.4%. This is payable on all sports betting winnings no matter how big or small. It’s also worth noting that this is only the state tax rate. Federal income taxes must also be paid on any winnings at a rate of 24%. 

If, for example, you won $1,000 on the Denver Broncos playoff odds, you’d have to pay $44 in state taxes and $240 in federal taxes. 

Colorado sportsbook operators are obliged to report gambling winnings over a certain threshold. At the time of writing, this threshold is $600 for sports betting. Once you hit that threshold, the operator must issue a W-2 G that you must fill out. The W-2 G form is held for the IRS and your yearly tax return will be cross-referenced against any W-2 Gs held by sportsbooks to ensure that you have declared all your winnings as income and have paid the required taxes.

Fortunately, we have a Colorado gambling tax calculator to answer any questions that you may have. 

Responsible Gambling in Colorado

The Colorado state government takes responsible gaming very seriously and has strict guidelines for each and every sports betting and gambling operator in the state. All sportsbook providers must offer tools and features that allow gamblers to gamble responsibly. These includes self-exclusion programs and limits for deposits, spending and losses, among others. 

The Problem Gambling Coalition of Colorado also works closely with the Colorado Gaming Association to offer a voluntary self-exclusion program. This is available for all gamblers and can apply to both retail and online Colorado sports betting industries. 

Resources For Responsible Gambling In Colorado

Here are some useful resources and contact information for responsible gambling support in Colorado. This information should be available on all Colorado sports betting sites.

• Colorado Gamblers Anonymous: The group provides information for those with gambling problem including local meetings and support groups.
• Problem Gambling Coalition of Colorado: Coalition provides educational and treatment options for gamblers in Colorado.

How Colorado Sports Bettors Are Protected

The Colorado state government recently approved the "Responsible Gaming Grant Program" bill that would set aside a portion of all gambling taxes for responsible gaming measures and initiatives.

In addition, the Department of Gaming sets out strict rules and consumer protections designed to ensure that Colorado bettors are protected at all times. This includes a rigorous vetting process for all license holders so bettors know that they are gambling at a safe and reliable sportsbook. 

It’s also possible for Colorado bettors to file a complaint with the Colorado Division of Gaming. Once the complaint is filed, the Division will look into your complaint and launch a full investigation if required. 

How to Contact Colorado Sportsbooks

There are plenty of ways to reach out to each of the 21 legal sports betting sites in Colorado, whether it's by phone, email or live chat. Here's how to contact each of the legal CO sportsbooks:

Tips For Successful Sports Betting In Colorado

One of the best tips you’ll ever get for successful sports wagering in Colorado is to always shop around. Now, you may think that this means shopping around for the best welcome bonus and, while this is a good tactic, it’s not all you should be doing. We actually recommend that bettors take full advantage of multiple welcome bonuses and open accounts with several sportsbook platforms.

The idea here is not just to get the most value for money through those welcome bonuses but to also give yourself options. For example, if you decide to back the Denver Nuggets to retain their NBA Championship, you may find that odds can vary a bit from one sportsbook to the next. You may also find that the likes of PointsBet (the Nuggets official sports gambling partner) may have some special deals on this type of wager. 

The key here is to remember that just because you are a customer of one online sportsbook doesn’t mean that you cannot be a customer of others. Always look for value and always wager only what you can afford to lose. 

BetColorado.com is an independent sports betting comparison website with affiliate links. What that means is if you click on one of our links that directs to an operator and you make a deposit, we’ll receive commission payment at no extra cost to you. Our operator reviews and recommendations for Colorado sportsbooks and more are impartial as our editorial standards are commercially independent and follow a professional methodology.