Colorado online sports betting is live and legal, as the state met its May 1 launch date.
Despite all major sports league remainingshuttered as the world continues its battle against the coronavirus pandemic, the Centennial State plans to move forward with its original plans after voters approved Proposition DD in November 2019. In doing so, Colorado became the 19th U.S. state to legalize sports betting.
With that said, let’s take a comprehensive look at the arrival of Colorado sports betting and what to expect from it moving forward.
Best Colorado Sports Betting Apps
Beginning May 1, those 21 years of age or older will be able to bet in-person at several of Colorado’s nearly 40 casinos, online by way of desktop/laptop, and through mobile apps.
Colorado sports betting apps, like several other states where online betting is legal, will be available via both iOS and Android platforms.
Some Colorado sports betting apps are lesser known in the U.S. sports betting market, while others are industry giants. Right now, several operators, including DraftKings, FanDuel, betMGM, and BetRivers are planning.
Though it’s unknown if each of these apps will be immediately available when Colorado sports betting goes live, it’s a safe bet that these apps will join the party rather quickly.
Let’s take a look at some of the best, along with what each has to offer.
1. DraftKings Sportsbook
Without question, DraftKings Sportsbook Colorado is one of the best in the business. Capitalizing on its prior success in daily fantasy gaming, DraftKings has experienced great success in states like Pennsylvania, New Jersey, and Indiana.
With consistently excellent daily odds boosts, creative betting specials, and a sleek, user-friendly interface, DraftKings Sportsbook is also known for its strong promo codes. Best of all, new users can score up to $1,000 in free bets when they sign up here.
2. FanDuel Sportsbook
With an extremely competitive $500 risk-free bet offer for new players, along with creative promos and lucrative boosts, FanDuel Sportsbook offers a comprehensive betting experience that appeals more to casual bettors than pros (we find their lines juiced up quite a bit).
FanDuel sports one of the best looking apps in the business, supported by an easy-to-use interface. Simply put, if you’re betting on sports, FanDuel Sportsbook is a must-have.
3. FOX Bet
FOX Bet isn’t quite as polished as its peers, but it more than makes up for in brand power and creative betting promos.
New users can start playing with a $1,000 free signup bonus. FOX Bet’s utilization of its sports network talent and wagering specials, which were particularly strong during football season, have made it a go-to option in states like New Jersey and Pennsylvania.
BetRivers Colorado is the betting and casino brand back by Rush Street Gaming. Previously, BetRivers launched under the SugarHouse brand name on the East Coast, but the company has since rebranded to BetRivers.
New user can get their first deposit matched up to $250.
PointsBet instantly became one of the state’s best all-around sportsbooks. Their aggressive odds boosts and specials, which include bet insurances, reduced and no juice bets, and up to a $200 sign up bonus are strong perks.
But what separates PointsBet from the rest of the bunch is its unique Pointsbetting feature, which provides bettors with an opportunity to win or lose additional money beyond that of a typical wager. More money can be won or lost based on the extent to which a bet wins or loses.
6. Barstool Sportsbook
We may not have a full grasp yet for what Barstool Sportsbook will look like upon its launch, but we do know that it figures to be a major factor in Colorado.
Following Penn National Gaming’s partial acquisition of Barstool Sports back in January, it became immediately clear that PNG would leverage the popular Barstool brand and its loyal following as part of its own online sportsbook.
Given Penn National Gaming owns Ameristar in Black Hawk, it’s a good bet that Barstool Sportsbook will operate under their skin (a license which gives online sportsbooks the ability to operate via a licensing agreement with a state casino).
CO Online Sports Betting Launch
Colorado’s jump into the legal sports betting fray, which includes, in-person, online, and mobile wagering, brings with it significant tax revenue potential for the state. Estimates indicate that legal sports betting could bring somewhere in the neighborhood of $20-$30 million in additional tax revenue.
With friendly tax rates and bettor-friendly parameters that will provide players with a wide range of betting options, Colorado is viewed by many industry experts as a key state to go live. With western states a bit more reluctant to legalize sports betting in the early going, success in Colorado could mean it is more likely that neighboring states follow suit.
Speaking of neighboring states, the sports betting ceiling in Colorado is heightened by its geography. With seven different states bordering Colorado, out-of-state bettors could make their way across its limits to place legal sports bets.
Though it is true that Colorado wasn’t as aggressive as some eastern states like New Jersey and Pennsylvania in legalizing sports betting following the May 2018 Supreme Court strike down of the Professional and Amateur Sports Protection (PASPA), its lawmakers were mostly unified amid a 2019 push to make it a reality.
While we do know Colorado’s legal sports betting launch date, its major players and key rules and regulations, we don’t quite yet know what those within the state’s limits will be able to bet on in the infant stages as uncertainly continues to swirl around the sports world.
In short, the arrival of Colorado legal sports betting comes amid a time of great doubt. That doubt carries with it some mixed implications. Major sports leagues such as the NBA, NHL, and MLB are in a holding pattern as league executives, government officials, and safety experts work together to find viable solutions to resume play in a world currently dominated by COVID-19. That uncertainty extends beyond leagues currently in season as it remains unclear whether or not the NFL or college football seasons could also be impacted.
Still, even as top leagues wait on the sidelines and several marquee sporting events have either been canceled or postponed, the show goes on for sportsbooks in other states where betting is permitted and it appears that it will in Colorado, too.
Is sports betting legal in Colorado?
Sports betting is legal in Colorado. Following the 2019 passing of HB19-1327, Proposition DD was approved by the state’s voters in November 2019, meaning retail and online sports betting is permitted to begin in-state on May 1.
Where can I bet on sports in Colorado?
The short answer is everywhere. That is, if its done via a mobile device.
Colorado is permitting 33 of its nearly 40 retail casinos to apply for a master sports betting license which will allow such operations to partner with one land and one online sportsbook–though not all of these casinos will offer sports betting, nor will all immediately do so upon the May 1 launch date.
Colorado’s retail casino locations are located in one of three towns: Black Hawk, Central City, and Cripple Creek.
Black Hawk and Central City, which are located only a mile apart, tend to draw players from greater Denver area, while Cripple Creek draws from the Colorado Springs region. Additionally, there are two casinos owned and operated by Native American tribes in the southwest corner of the state (Ignacio and Towaoc).
What sports can I bet on in Colorado?
Currently, wagering on national and international professional sports, major college sports, motor racing, and sanctioned video game sports is permitted. Within that context, straight win/loss bets, prop bets, total betting, and other popular forms will be legal. Colorado lawmakers are expected to provide further clarification on which markets will be offered upon launch.
Is online sports betting legal in Colorado?
Yes. Colorado’s sports betting bill allows 33 of its nearly 40 casinos to partner with online sportsbook operators, permitting anyone that is physically present within state limits to wager via desktop, laptop, or mobile device.
When will sports betting go live in Colorado?
Legislation passed by Colorado lawmakers stipulates that legal sports betting can begin on May 1, 2020.
Will I have to be in Colorado to bet?
Yes. Colorado law states that in order in order to participate in the legal online sports betting, one must be physically present within the confines of the state.
Do I have to have a Colorado address to bet?
No. It is not required that a person reside in Colorado to place online wagers. Rather, a person must simply be physically present within state limits.
How old must I be in order to bet in Colorado?
As is the case in all states where sports betting is legal, bettors must be at least 21 years of age.
What types of bets can I make in Colorado?
Casino sportsbook locations offer spread bets, moneyline bets, totals bets, futures bets, parlays, in-game betting, and others traditional wager types. However, NY sports bettors are not permitted to bet on college or amateur teams within the state.
What are Colorado sports betting tax rates?
Colorado legal sports betting is expected to thrive because of several advantageous factors. Among them is the extremely favorable 10% tax rate paid of sports betting profits by casinos and online sportsbook operators. The 10% rate is among the most favorable in states where sports betting is legal, meaning that the state should be an extremely attractive landing spot for some of the industry’s top players.
By way of comparison, New Jersey offers an 8.5% tax rate for in-person sports wagering and a 13% online tax, while Pennsylvania holds a much higher 36% rate.
Where will the 10% tax revenue be spent?
One of the reasons sports betting drew bi-partisan support from lawmakers is because the tax revenue would go toward the Colorado Water Plan, which includes irrigation, water storage, and other related projects to help deal with future climate change and expansion.
Can I bet on high school sports in Colorado?
No. Under the state’s sports betting laws, wagering on high school sports is prohibited.
Colorado Betting Promos
|DraftKings||up to $1,000 free|
|FanDuel||$500 risk-free bet|
|FOX Bet||$1,000 free|
|BetRivers||$250 deposit match|
It is expected that Colorado sports betting promos will mirror those offered in other states. Generous new user deposit matches, risk-free bets, parlay insurances, odds boosts, and other specials will be available to bettors.
How To Bet on Sports in Colorado
To bet on sports in Colorado, a person must be at least 21 years of age and located at a state approved casino or bet remotely using a computer or mobile device. All online sports betting must be conducted by those physically present in Colorado.
As is the case in other states where sports betting is legal, online sportsbooks provide the following funding methods:
- online banking
- credit or debit card
- Prepaid cards
- Pay with Cash at 7-11
- Cash at Cage
- wire transfer
Typically, online banking and PayPal tend to be the easiest and most efficient options for moving money in and out of an account.
Withdraw methods vary from sportsbook to sportsbook, but generally speaking, there are a variety of ways to easily and efficiently remove funds from an account:
- Instant eChecks
- online banking
- in-person cash outs
Types of bets
Colorado is expected to offer spread, moneyline, totals, parlays, teasers, futures, player props, game props, and in-game bets.
As noted above, Colorado will offer wagering on national and international professional leagues, major college sports, motor racing, sanctioned video games (eSports), and Olympic competitions.
Among the major leagues to wager on include NFL, MLB, NBA, and NHL. This means that betting on the Denver Broncos, Colorado Rockies, Denver Nuggets, and Colorado Avalanche will be available. Moreover, both college football and college basketball betting on the Colorado Buffaloes, Colorado State Rams, and Air Force Falcons will be available. Wagering will also be available on Denver Pioneers and Northern Colorado Bears basketball.
It is not yet known how Colorado will treat isolated non-competitive events, or entertainment like the Oscars.
Colorado Sports Betting Partnerships
As is the case in other states that permit online sports betting, Colorado requires online sportsbook operators to enter into partnerships through licensing agreements with brick-and-mortar casinos. Casinos that gain sports betting licenses are permitted to issue one retail and one online sports betting license.
Here are the current online sports betting partnerships between online sportsbook operators and parent casino companies.
|Online Sportsbook||Casino Partner (Parent Company)|
|Circa Sports||Century Casinos|
|DraftKings Sportsbook||Twin River|
|FanDuel Sportsbook||Twin River|
|FOX Bet||Eldorado Resorts|
|Penn Sports Interactive (Barstool Sportsbook)||Penn National Gaming|
|Smarkets||Full House Resorts|
|Penn Sports Interactive (Barstool Sportsbook)||Penn Sports Interactive (Barstool Sportsbook)|
Partnerships are also in place between BetAmerica and Full House along with BetFred and Saratoga Casino. Those partnerships are awaiting approval.
Colorado’s casinos are primarily located in three mountain towns: Black Hawk, Central City, and Cripple Creek. Central City and Black Hawk casinos are easily accessible from the Denver area, while Cripple Creek located less than 50 miles west of Colorado Springs. Additionally, there are two Colorado casinos operated by American Indian tribes (Ignacio and Towaoc).
Here’s a comprehensive list of Colorado casinos, many of which offer lodging, entertainment, food, and alcohol services.
|Monarch Casino Resort||488 Main Street||Black Hawk|
|The Lodge Casino||240 Main Street||Black Hawk|
|The Gilpin Casino||111 Main Street||Black Hawk|
|Saratoga Casino||101 Main Street||Black Hawk|
|Mardi Gras Casino||300 Main Street||Black Hawk|
|Sasquatch Casino||125 Gregory Street||Black Hawk|
|Ameristar Casino Resort||111 Richman Street||Black Hawk|
|Golden Gulch Casino||321 Main Street||Black Hawk|
|Golden Gates Casino||261 Main Street||Black Hawk|
|Lady Luck Casino||340 Main Street||Black Hawk|
|Bull Durham Saloon and Casino||110 Main Street||Black Hawk|
|Isle Casino Hotel||401 Main Street||Black Hawk|
|Red Dolly Casino||530 Gregory Street||Black Hawk|
|Wild Card Casino||120 Main Street||Black Hawk|
|Z Casino||101 Gregory Street||Black Hawk|
|Dostal Alley Casino and Brew Up||116 Main Street||Central City|
|Easy Street Casino||120 Main Street||Central City|
|Famous Bonanza||107 Main Street||Central City|
|Century Casino and Hotel||102 Main Street||Central City|
|Grand Z Casino Hotel||321 Gregory Street||Central City|
|Johnny Z's Casino||132 Lawrence Street||Central City|
|Century Casino Hotel||200 E Bennett Ave||Cripple Creek|
|Midnight Rose Hotel||256 E Bennett Ave||Cripple Creek|
|Johnny Nolon's Casino||301 E Bennett Ave||Cripple Creek|
|Christmas Casino||279 E Bennett Ave||Cripple Creek|
|McGill's Hotel and Casino||232 E Bennett Ave||Cripple Creek|
|The Brass Ass||264 E Bennett Ave||Cripple Creek|
|Bronco Billy's Casino||233 E Bennett Ave||Cripple Creek|
|Triple Crowns Casino||232 E Bennett Ave||Cripple Creek|
|Wildwood Casino||119 Carbonate Street||Cripple Creek|
|Double Eagle Hotel||442 E Bennett Ave||Cripple Creek|
|Sky Ute Casino||14324 HWY 172 N||Ignacio|
|Ute Mountain Casino Hotel||3 Weeminuche Drive||Towaoc|
Colorado Legal Online Sports Betting History
The road to legal in sports betting in Colorado was relatively smooth, though there were a few, uh, rocky moments last November.
Following the fall of PASPA, Colorado lawmakers began working on legislation to eventually bring legal sports wagering to the state. Those efforts resulted in the eventual creation of HB19-1327, a bill effectively legalizing both in-person retail and online sports betting that drew joint support from both Republicans and Democrats as well as Governor Jared Polis. The joint support was centered around sports betting tax revenue going toward the Colorado Water Conservation Board, which was in need of funding to complete a variety of water-based projects.
The bill passed rather easily in the summer of 2019, but it wasn’t without opposition. Some detractors hoped to see a $100 limit placed on all sports wagers, while others pushed for the inclusion of race tracks to offer sports betting.
Of note, Colorado had previously imposed a limited gaming law that, among other stipulations, capped casino wagers at $100, so its absence in the sports betting legislation is viewed as a significant win for the state’s casinos and sportsbook operators.
Despite the ease with which HB19-1327 moved through the state’s chambers, Colorado’s TABOR (Taxpayer’s Bill of Rights) laws required it gain approval from the public in a general election. Though the legal sports betting doesn’t provide additional an additional tax burden to Colorado residents, TABOR requires the public to vote and approve any measure that carries new tax or tax increases.
With that, Proposition DD was added to the November 2019 ballot to determine whether or not the state would offer legal sports betting. Proposition DD was strongly backed by premier online sportsbook operators FanDuel Sportsbook and DraftKings Sportsbook, with each company spending over $1.5 million to get it approved.
While it wasn’t a surprise the bill ultimately passed, the close nature of the vote was a surprise. With well over 1 million votes, Proposition DD passed by less than 50,000 votes. Many of the state’s counties were against the bill, but more densely popular areas like Denver carried it to victory.
Ambiguous wording around the bill’s call for a 10% tax on sports betting proceeds could have, in part, played a role in the vote as some residents may have believed they were to bare the tax burden.
As the official launch of Colorado legal sports betting draws closer, keep up to date on all of the latest news and score exclusive sportsbook bonuses by signing up for our email list.