CO Sportsbook Rankings and Top Bonus Offers for March Colorado bettors must be 21+ and present to place wagers in the state. If you or a loved one is experiencing problems with gambling, call 1-800-GAMBLER or visit the National Council on Problem Gambling www.ncpgambling.org
Each sportsbook in Colorado has its own set of strengths and weaknesses. Because of that, it pays to know which sportsbook features are the most important to you. The following table shows the best sportsbooks in Colorado by feature. This is meant to help Colorado sports bettors quickly find the online sports betting apps that work best for them.
Feature
Winner
Why it's Our Pick
Best Mobile App
⭐️ FanDuel Sportsbook
FanDuel's mobile app offers the best overall betting experience among all Colorado sportsbooks. It looks fabulous, is easy to navigate, and is packed with features.
Best Bonus Offer
⭐️ PointsBet
PointsBet consistently offers the most player-friendly bonus offers available from a Colorado sportsbook. Their current promo allows new customers to bet up to $2,000 Risk-Free.
Best for Prop Bettors
⭐️ DraftKings Sportsbook
Prop betting is all the rage these days and no one does it better than DraftKings! You'll be shocked at how many prop options they offer!
Best Rewards Program
⭐️ Caesars
Caesars Rewards has an impressive history of being the best rewards program in the industry. Every new Caesars player in CO can earn rewards in the sportsbook app.
Best Customer Support
⭐️ BetRivers
BetRivers isn't known for huge bonuses, but they consistently offer the best terms and an industry low 1x rollover requirement. They also have a top notch Customer Support team!
Legal sports betting was voted into law in Colorado in November of 2019 and the first bets in the state were placed on May 1st, 2020. Book-friendly legislation and a large pool of existing casino's made it relatively easy for sportsbooks to enter the market and today there are 15 different sports betting apps for CO residents to choose from.
The state also approved remote registration, which means anyone in CO right now is able to download their sports betting app of choice, create and fund an account, and start betting immediately.
Colorado Sports Betting Fact Check
Colorado was one of the first states to legalize sports betting in 2019 and the industry within the state has exploded. In the following table, we list some facts about Colorado sports betting. As you can see by the numbers, online sports betting has taken off quite well in the state.
✅ Launch Date
May 1, 2020
📅 Legal Betting Age
21
🏬 Number of Retail Sportsbooks
17
📱 Number of Mobile Sportsbooks
25
💰 Total Colorado Handle (2021)
$3.85 Billion
📈 Total Colorado Handle (All Time)
$6.5 Billion
Best Sportsbook App: FanDuel
Our pick for the best sports betting app in Colorado for 2022 is FanDuel Sportsbook, which was founded in 2015. Whether you're a seasoned sports bettor or just starting to learn how to bet, you'll love the FanDuel app. Here are some highlights of the app:
Generous Bonus Program - FanDuel knows that there's nothing that sports bettors love more than free money! That's why they offer one of the best bonus offers in Colorado. New customers can get up to $200 in Bonus Bets after their first $20 wager. There's nothing that sports bettors love more than free money.
Betting Options - FanDuel offers a variety of ways to get money down on a game. They offer different betting options on all the major sports as well as a wide variety of prop betting options.
Great Odds - FanDuel usually offers great odds for gamblers that like to bet on favorites. That's something that is rare in the sports betting industry. FanDuel also tends to post favorable odds on Futures Bets as well.
Best Customer Support: BetRivers
BetRivers has the best customer support team in the state of Colorado! They offer 4 different methods of communication: Live Chat, Email, Phone, and a hefty FAQ section.
BetRivers offers their phone and live chat options from 9 am to Midnight 364 days a year! Their customer service reps are always friendly and they strive to return all emails within one hour.
That type of customer support is what sets BetRivers apart in the state of Colorado. No matter what your issue is, you can count on BetRivers getting you a solution in a timely manner!
Best Bonus Offer in Colorado: PointsBet
PointsBet is making a name for itself in the US sports betting market! Right now, sports bettors in Colorado can bet up to $2,000 risk-free when they sign up for a new account! Here's how it works:
Head over to PointsBet's website or download their app
Fill out all of the personal info that's required and use promo code BVIEW1 when prompted
Make your first deposit using one of the many cashier options that PointsBet offers
Enjoy your first risk-free bet of up to $500
Your second risk-free bet must be used on a PointsBetting wager, where the margin of victory determines your payout
This is the largest Risk-Free bet offer in the state of Colorado and the crazy thing is there's no rollover requirement. Come find out why PointsBet is a major player in 11 US states!
Best for Prop Bettors: DraftKings Sportsbook
The newest generation of legal sports bettors are betting on player props like crazy! That's because most of them have been playing DFS for quite some time. If you live in Colorado and want a massive selection of player prop options, look no further than DraftKings!
DraftKings offers props on all of the major sports like football, baseball, basketball, and hockey. They are often the first sportsbook to the market with player prop lines, which means they're ready to serve prop bettors before anyone else.
If you're an NBA fan living in Colorado, you may want to bet on Nikola Jokic Over his point total prop on a regular basis! There's no better place to do that than DraftKings!
Best Rewards Program: Caesars
Want to get some pretty cool perks just for giving a sportsbook your business? Caesars Rewards is the spot for you!
Folks in Colorado can earn Tier Credits and Rewards Credits for every bet that they place on the Caesars Sportsbook app. Once you build up enough credits, you can cash them in for VIP swag, free hotel stays at any Caesars properties, or free meals at some of your favorite restaurants.
It doesn't get much better than that! Sports bettors in Colorado will love being a Caesars Rewards member!
What Sports are Available to Bet in Colorado?
Bettors can wager on a wide variety of domestic and international sports in Colorado. This includes the NFL, NBA, MLB, NHL, PGA, college football, college basketball, as well as the most popular international leagues.
There are, however a few restrictions Colorado bettors should be aware of. Gamblers are not be allowed to place prop bets on college sports, bet on high school sports, or bet on esports.
Current Colorado Sportsbook and Casino Partnerships
In order to operate in Colorado, an online sportsbook has to partner with one of the brick-and-mortar casinos currently operating in the state. The table below breaks down the 15 online sportsbooks already licensed in the state as well as the casino they are partnered with.
With legal sports betting in Colorado still less than two years old, news comes fast and furious in the state. Below are a handful of recent headlines worth your attention. Check back often to find the latest news in this rapidly growing market.
2021 Handle - Sports betting grew by leaps and bounds in 2021 in the Centennial State. Almost $3.85 billion in bets were taken through both mobile and retail sportsbooks. 98% of wagers were placed online in 2021. With passionate fan bases and more sportsbooks coming to the state, 2022 could be another year of phenomenal growth for sports betting in Colorado.
2020 Handle - In a shortened year, despite a global pandemic, Colorado's total handle topped $1.2 billion. The majority of the state's revenue generated through sports betting went to the state's water fund.
November 2020 - With company headquarters now in Denver, PointsBet officially launched in Colorado in November. Partnered with the Double Eagle Casino in Cripple Creek (just outside of Colorado Springs), PointsBet became the 15th online sportsbook to enter the market in CO.
How to Sign Up at an Online Sportsbook in Colorado
The best Colorado sportsbooks make it super easy to set up an account. Since mobile sports betting has been legal in the state for quite a while, the Colorado sportsbooks have been able to streamline the registration process more efficiently. Here's a quick guide on how to sign up for Colorado sportsbooks.
Download the Colorado online sports betting app of your choice
Copy the bonus code that is in the table at the top of this page
Fill out all pertinent details like your username, password, address, and phone number
Make your first deposit and enjoy the free bets or whichever bonus you receive
All sports betting sites in Colorado offer lucrative bonuses so we recommend signing up with as many of them as possible. This will not only give you free bets, but it'll give you access to a more robust amount of lines. In the online sports betting business, having as many outs as possible is a hidden key to success.
Top Sportsbook Bonus Offers Available in Colorado
With a market as competitive as Colorado, sportsbooks typically offer some of the most aggressive new player promotions in the industry. These promotions come in three common forms:
Deposit bonus - The majority of the sportsbooks in Colorado offer some sort of deposit bonus. These range from $250 - $2,000. The deposit bonus is equal to your initial deposit.... make a larger deposit and receive a larger bonus.
Free bet - A free bet promotion is exactly what it sounds like, a free bet given to new players making their first deposit with the sportsbook. Like a deposit bonus, a free bet is typically equal to the amount of your initial deposit. Again, these can range from $250 - $2,000 in free bets.
Odds Boost - Also known as the bet-get offer, these promotions will provide you with an increased payout on your first wager. For instance, the BetMGM promotion will pay out $200 on a $10 bet. These bonus offers typically payout in free bets that can be used with the sportsbook.
Our staff compares all of the available deposit bonuses in Colorado each week and identifies which is the most player-friendly offer. The offer below is the highest-rated offer available from a Colorado sportsbook this March. This distinction currently belongs to PointsBet and their wide variety of new player offers.
For those living outside of the state of Colorado, you will get 'just feel lucky to have sports betting in your state' however for Colorado residents the journey to legal sports betting seemed to take forever. To be exact, the process took just over one year. Here is a breakdown of exactly how and when sports betting came to the state.
In April of 2019, the state introduced HB 1327, which was a bill written by house majority leader Alec Garnet that would allow for legal and regulated sports betting in the state.
The bill was officially signed into law in May of 2019 by Colorado Governor Jared Polis. At this point, the bill still needed to be voted on in the state's November elections.
In November of 2019 the bill passed by the absolute smallest of margins (less than 1%). At this point, sports betting would be live in the state as soon as a process for regulating the industry could come available.
Finally, in May of 2020, the first group of sportsbooks launched their online sportsbooks. This group included FanDuel, DraftKings, BetMGM, and BetRivers. The first bets were officially placed on May 1st, 2020, and the state would go on to place over $1.2 billion in bets between May 1st and December 31st.
Today, Colorado has one of the largest US sports betting markets. In addition to the 16 sportsbooks listed above, Tipico recently announced plans to enter the CO sports betting market.
Retail Colorado Sportsbook Locations
Colorado has quietly established itself as one of the best states for sports betting! We've already told you about all the online sports betting apps that the state offers, but here is the full list of brick-and-mortar sportsbooks in Colorado:
Ameristar Sportsbook at Ameristar: 111 Richman Street Black Hawk, CO 80422
BetAmerica at Bronco Billy’s: 233 E. Bennett Ave, Cripple Creek, CO 80813
Betfred at Saratoga Casino: 101 Main St. Black Hawk, CO 80422
BetMonarch at Monarch Casino: 488 Main St, Black Hawk, CO 80422
Caesars at Lady Luck & Isle Casino: 401 Main St, Black Hawk, CO 80422
DraftKings Sportsbook at Mardi Gras Casino: 300 Main St, Black Hawk, Colorado, 80422
Elite Sportsbook at Red Dolly Casino: 530 Gregory St, Black Hawk, CO 80422
PointsBet at Double Eagle: 442 E. Bennett Ave., Cripple Creek, CO 80813
Woody’s at Wildwood at Wildwood Casino: 119 Carbonate St. Cripple Creek, CO 80813
Several other casinos in Colorado offer sports betting through self-service kiosks. They can be found at Sasquatch Casino, The Wild Card Saloon, Z Casino, Johnny Nolon's, Colorado Grande, Grand Z Casino, and Johnny Z's.
Popular Colorado Sports Teams to Bet On
Colorado sports betting has already had a ton of success and it's mainly due to the dedicated fan bases of their sports teams. Here is a quick look at some of the most popular professional sports teams in Colorado.
Denver Broncos
Since the NFL is king when it comes to legalized sports betting, we'll start with the Denver Broncos. The franchise has been in existence since 1960 and has captured three Super Bowl rings. Two of the best quarterbacks of all time played for the Denver Broncos, Peyton Manning and John Elway. Since online betting went live in Colorado, legal online sportsbooks have taken lots of action on the Denver Broncos.
Denver Nuggets
Though the team has never won an NBA title, the Denver Nuggets are one of Colorado's most popular sports teams. Led by MVP Nikola Jokic, the Nuggets have enjoyed four straight playoff appearances. Now that it's legal to bet online in the state, Colorado sportsbooks have seen lots of tickets on the Denver Nuggets. It'll be interesting to see how this team does in 2022-23.
Colorado Avalanche
The Colorado Avalanche are the reigning Stanley Cup champions and they'll be trying to repeat in 2022-23. Led by team captain Gabriel Landeskog, look for the Avalanche to have another successful season. They are already attracting a ton of sports bets at Colorado betting sites and it's easy to see why.
Colorado Rockies
The Rockies have been rebuilding for a long time, but they still have a devoted following and Coors Field is still the most exciting place to watch a baseball game. Lots of Colorado sports bettors have enjoyed wagering on CJ Cron to hit home runs on a frequent basis. The best Colorado sportsbooks give competitive odds on player prop bets just like those.
Colorado Sports Betting FAQ
With a market as young as Colorado sports betting, there are certain to be a number of questions residents have prior to opening an account with one of the state's 15 sportsbooks. Below are answers to the most frequently asked questions.
Is it legal to bet on sports in Colorado?
Yes, sports betting was officially legalized within the state in 2019 but did not launch until May 1, 2020.
What is the legal betting age in Colorado?
The current legal sports betting age in Colorado is 21. This is true across all betting states in the US.
What separates a successful sports gambler from the rest?
Like everything else in life, being successful in sports betting comes from lots of hard work. A successful sports gambler dedicates lots of time refining their craft and updating their personal power ratings. One thing that all successful sports bettors have in common is that they almost always bet the best of the number. They do this by relentless shopping around for the best odds on the team(s) that they want to bet on.
Where does revenue from sports betting go in Colorado?
Over 90% of Colorado's sports betting revenue goes towards the Colorado Water Plan. The plan ensures that Colorado residents will have plenty of drinking water and that Colorado farmers will have access to the amounts of water they need to grow their crops.
What bet types are available in Colorado?
Colorado residents have access to every bet type you would find in Las Vegas or New Jersey. This includes spreads, moneylines, parlays, teasers, prop bets, futures, and more. Of course, there are certain restrictions, including no prop or futures bets on college sports. Furthermore, each book is allowed to set a maximum bet amount.
Why do I have to be in Colorado to place a bet?
Unfortunately for bettors that have an active Colorado sportsbook account, they will not be able to place bets outside of the state. This is to ensure that residents of states without legal gambling are not able to place bets outside of state lines. You do not have to be a resident of Colorado to bet online. Those visiting or driving through the state are eligible to open an account and place a bet.
How do taxes work on my sports betting winnings?
Sports betting winnings are taxed just like any other income you have. You will need to report your winnings when you file your taxes. The official form required to do this is a W-2G. Taxes on these earnings will be determined by your total income for the year. On the other side of this equation, some sports betting losses can be written off at the end of the year. Sportsbooks that operate in the state of Colorado pay a 10% tax to the state on any income they earn.
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