Colorado Sports Betting Overview
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.
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.
|Online Book||Casino Partner||Launch Date|
|888 Sport||Colorado Grand Casino||December 2020|
|Barstool Sportsbook||Penn National Gaming||November 2020|
|BetAmerica||Full House Resorts||May 2020|
|BetFred||Saratoga Casino||September 2020|
|BetMGM||Midnight Rose Casinos||May 2020|
|BetRivers||Triple Crown Casinos||May 2020|
|Circa Sports||Century Casinos||July 2020|
|DraftKings Sportsbook||Twin River||May 2020|
|FanDuel Sportsbook||Twin River||May 2020|
|Fox Bet||Lady Luck Casino||May 2020|
|PointsBet||Double Eagle Casino||May 2020|
|SBK||Full House Resorts||May 2020|
|SuperBet||The Lodge Casino||TBD|
|theScore Bet||Jacobs Entertainment||September 2020|
|William Hill||Colorado Belle Hotel & Casino||September 2020|
Latest Sports Betting News from Colorado
With legal sports betting in Colorado still less than a year 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.Year End 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. September 2020 - William Hill
and theScore Bet officially enter the Colorado market. For William Hill, CO becomes the 13th state they are operating in. For theScore, Colorado joins both Indiana and New Jersey to become the third state the relatively young book is operating in.
Top Sportsbook Promotions Available in Colorado for 2021
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 two 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, 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.
Our staff compares all of the available deposit bonuses in Colorado each week and identifies which is the most player-friendly offer. Below is our highest rated promo code offer for February 2021, a 100% deposit bonus that caps at $2,000 from PointsBet
Colorado Sports Betting Timeline
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 sportsbook 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.
Colorado Sports Betting FAQ's
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.
What is the legal betting age in Colorado?
The current legal sports betting age in Colorado is 21.
How do deposits and withdrawals work?
You can fund your sportsbook account in a wide variety of ways in CO. These include bank cards, prepaid debit cards, bank transfers, PayPal, cash, check, or money order. Accounts can be funded online, in app, or in person.
You can withdraw your winnings at anytime the same way you made your initial deposit. Withdraw requests in the state of Colorado are typically processed in under 48 hours.
How does remote registration work?
Remote registration simply means Colorado residents can open a sportsbook account online rather than in person. Not every state that offers legal sports betting offers remote registration. This was especially important during the COVID pandemic, as sportsbooks and casinos spent a large amount of 2020 shut down.
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.
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.