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Best Colorado Sportsbooks for 2022

Updated Sports Betting App Ratings and Rankings for June

Colorado Sportsbook Rankings

RankSportsBookOfferFeaturesPlay
#1betmgm promotions
4.9 out of 5
Bet $10, Get $200
If Either Team Hits a Home Run
Top CO Bonus Offer
No Code Needed
Follow Link for Offer
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#3BetFred Colorado Promotions
4.8 out of 5
Bet $50, Get $250
On First Wager
Win and Get $250 Free.
No Bonus Code Needed
Follow Link for Offer
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#3fanduel promotions
4.8 out of 5
100% Deposit Bonus
Up to $250 Free
Paid in Free Bets
#1 CO Sportsbook
Follow Link for Offer
Claim Offer
#4DraftKings promotions
4.7 out of 5
Bet $5, Get $100 Free
On UFC 276
Win or Lose
New Players Only
Use Code BV1
Claim Offer
#5Caesars SportsBook Promotions
4.6 out of 5
$1,500 Risk Free Bet
Win or Get a Refund
On First Wager
Industry Best Rewards
Use Bonus Code: BV15
Claim Offer
#6pointsbet promotions
4.5 out of 5
$2,000 in Risk Free Bets
Win or Get a Refund
On First 2 Wagers
100% Match Offer
Promo Code: BVIEW1
Claim Offer
#7MaximBet Colorado promotions
4.4 out of 5
Bet $20, Get $300
Win or Lose, Get $300 Free
Colorado Only
New Players Only
Promo Code AFF300
Claim Offer
#8betrivers sportsbook promotions
4.3 out of 5
$250 Deposit Match
100% Deposit Bonus, Up to $250
New Players Only
No Code Needed
Follow Link for Offer
Claim Offer
#9MaximBet Colorado promotions
4.2 out of 5
$1,000 Deposit Match
100% Bonus on First Deposit
Colorado Only
No Code Needed
Follow Link for Offer
Claim Offer
#1
sportsbook-betmgm
Bet $10, Get $200
With One Home Run
#2
sportsbook-betfred
Bet $50, Get $250 Free
On First Wager
#3
sportsbook-fanduel
100% Deposit Bonus
Up to $250 Free
#4
sportsbook-draftkings
Bet $5, Get $100
On UFC 276
#5
caesars sportsbook
$1,500 Risk Free Bet
Promo Code: BV15
#6
sportsbook-pointsbet
Bet $2,000 Risk-Free
Win or Get a Refund
#7
si sportsbook promotions
Bet $20, Get $300
Five (5) Free $60 Bets
#8
betrivers sportsbook promotions
$250 Deposit Bonus
With Only 1x Rollover
#9
maximbet promotions
$100% Deposit Bonus
Up to $1,000 Free

Best Colorado Sportsbook by Feature

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 as well as their best features!

FeatureWinnerWhy it's Our Pick
Best Mobile App⭐️ FanDuel SportsbookFanDuel'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⭐️ PointsBetPointsBet 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 SportsbookProp 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⭐️ CaesarsCaesars 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 Bonus Terms⭐️ BetRiversBetRivers isn't known for huge bonuses, but they consistently offer the best terms and an industry low 1x rollover requirement.

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. 

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.

✅ Launch DateMay 1, 2020
📅 Legal Betting Age21
🏬 Number of Retail Sportsbooks17
📱 Number of Mobile Sportsbooks25
💰 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 $200 instantly just by placing a $5 bet on the NBA Playoffs!

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: BetMGM

BetMGM 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.

BetMGM 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 BetMGM apart in the state of Colorado.

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 BookCasino PartnerLaunch Date
888 SportColorado Grand CasinoDecember 2020
Barstool SportsbookPenn National GamingNovember 2020
Bet365Century CasinosTBD
BetAmericaFull House ResortsMay 2020
BetFredSaratoga CasinoSeptember 2020
BetMGMMidnight Rose CasinosMay 2020
BetRiversTriple Crown CasinosMay 2020
CaesarsColorado Belle Hotel & CasinoSeptember 2020
Circa SportsCentury CasinosJuly 2020
DraftKings SportsbookTwin RiverMay 2020
FanDuel SportsbookTwin RiverMay 2020
Fox BetLady Luck CasinoMay 2020
PointsBetDouble Eagle CasinoMay 2020
SBKFull House ResortsMay 2020
SuperBetThe Lodge CasinoTBD
theScore BetJacobs EntertainmentSeptember 2020
TipicoCentury CasinosComing 2022

Latest Sports Betting News from Colorado

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.

BetMGM Sportsbook Offer for Louisiana

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 June. This distinction currently belongs to PointsBet and their wide variety of new player offers.

sportsbook-pointsbet
PointsBet

$2,000 in Risk-Free Bets

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 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.

colorado sports betting faqs copy

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.

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.

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.

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. 

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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