Colorado Sports Betting Betting Info And The Best CO Sportsbooks
Thanks to introducing a new law in 2019, Colorado has become the 19th state in the US to legalize online sports betting. By comparing with the different states, there are reasons to believe they also have one of the best legislation setup available. Find below the best offers.
Colorado Sportsbooks
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The first wager in the state was placed on May 1, 2020 with the launch of four separate Colorado sports betting apps from the likes of BetMGM and FanDuel. That was an impressive way for the Centennial State to start their mobile betting scene. Several brands have followed by launching their sportsbook app during the year. Nowadays, several legal Colorado sports betting sites are available for local bettors to join. You will find all you need to know about betting legally in Colorado and the sportsbooks you can join on this page.
What are the things to consider when choosing a Colorado Sportsbook
Having several legal operators to choose from is excellent but can confuse bettors. After all, like in any other industry, each sports wagering site has something unique. It is essential to check as many details as possible before deciding. In the following paragraphs, we have highlighted the key things you should consider in this decision-making process:
- Depth of Wagering Markets – there is little point to sign up for an online sportsbook via your mobile device to find only a few markets available to wager on. Regardless of whether you are accessing the sportsbook from a retail or your mobile app, you should be expected to have a great range of professional sports, both local and international, to wager on.
- High Security – safety and security are paramount when transacting online, and this is undoubtedly a pivotal factor to seek out when considering an operator. All Colorado licensed sports betting sites have to maintain higher standards to protect customer details, so they are using the latest encrypted technologies.
- Top Customer Support – in most cases, wagering will go smoothly, but if you want to speak to someone at an online sportsbook, you should be able to do so quickly and be served by prepared agents. Gambling in Colorado should be a fun activity, so if you hit any bumps in the road, you should have someone ready to help you via email, live chat, phone and even social media.
- Official Colorado Sportsbook License – the Colorado Division of Gaming regulates online sports betting in Colorado. The first thing you want to seek when considering a sports betting site is if it is legal in the state. Check that they have an official license from the Division of Gaming before registering to ensure they are operating within legal regulations.
- High Number of Payment Methods Available – Transacting at CO sports betting sites should be easy, and you should be presented with different payments options so you can choose the one that is more convenient to you. Credit cards, e-waller like PayPal, bank transfers, cryptocurrency, and so should all be expected in a Colorado sportsbook site.
- Great Range Promotional Offers – You should be able to benefit from Colorado’s online sports betting competition by receiving compelling promotions and rewards. As Colorado casinos do, you should receive a generous welcome bonus when you sign up and regular promotions, odds boosts, free bets to reward your loyalty. Taking advantage of these offers will allow you to get some great added value which is not something you want to give away.
What Are The Top Colorado Sports Betting Sites?
As mentioned above, the sports betting Colorado sites should have something that makes them stand out from the rest. So let’s take a closer look at the best platforms and the Colorado mobile sports betting options to see what they offer. DraftKings – Huge Range Of Lines And Markets Available The DraftKings brand was established in 2012 and initially started out as a daily fantasy sports provider. However, they have also begun to operate as online sportsbooks in recent years as they first opened in New Jersey in 2018. Their development team worked hard to come to the launch with the best possible product and hit the ground running. Their sports betting platform has also been made available in Colorado, with bettors that can expect a huge range of sports markets and top odds. Live betting is also available within Colorado, and DraftKings provides lots of opportunities in this area. What we like about DraftKings:
- Live betting section
- Great selection of sports to bet on
- High-quality user interface
- Speedy payouts
Things That Can Be Improved:
- More payments methods can be added
BetMGM – Best For Welcome Bonus And Ongoing Promotions The BetMGM platform, powered by the famous Borgata brand, has grown impressively fast since the introduction of its sportsbook, poker room and casino in New Jersey. Having obtained a Colorado license, the state bettors can now also benefit from its mobile betting app. BetMGM has an unparalleled welcome offer and also a great layout that makes it easy to navigate. As a result, finding your favourite sports and related odds is a straightforward task, even for inexperienced users. In-play betting is also available at the site, making watching games even more entertaining. What we like about BetMGM:
- Trusted gambling brand
- Generous promotions for new and existing customers
- Great functionality and user journey
- Boosted parlays promotions
What can be improved:
- Locating customer support should be easier
FanDuel – Great Customer Support FanDuel is one of the leading names in the sports betting scene, and their offering is also available to Colorado residents. The slick user interface makes wagering a straightforward process, and the registration process is painless. If you have any queries, you can rely on customer support with advisors that will be able to provide top-quality assistance. FanDuel also has one of the most generous welcome offers of any Colorado sports betting site, so it is undoubtedly worth trying them out. What we like about FanDuel:
- Top-quality customer support
- Great range of sports to bet on
- Top user interface
- Simple registration process
What can be improved:
- Customer support should be 24/7
PointsBet: Great Number of Promotions – PointsBet has many sports to select and bonuses options, so surely one of the best Colorado sportsbooks to consider. Lots of work has clearly gone to this site as the design is of a high level, and the added value offered with promotions is impressive. New and existing customers can benefit from ongoing offers, price boosts, parlay boosts, etc. An attractive, innovative feature is the ‘Name a Bet’ one. With this functionality, punters can request a bet from the team, making everything more flexible for the bettors who is more in control. Live betting is also available at the sportsbook, so overall a very compelling offering from PointsBet in Colorado. What we like about PointsBet:
- Wide range of sports markets
- High number of promotions
- Live betting section
- Name a Bet function
What we don´t like:
- Customer support can be improved
BetRivers – Top for Live Betting The BetRivers platform is a mobile app that Rush Street Gaming created. The aim is to offer Colorado residents an exciting and well-designed sports betting portal. Despite being live only since 2019, we can certainly say that their objective has been achieved in a short time. The mobile platform is solid and ensures that you can wager on the sport you want from, even if you are out and about. The suite of live betting opportunities is impressive with colossal market availability, and by being active with BetRivers you will also get rewarded with points that can be exchanged for prizes or offers. What we like about BetRivers:
- Top range of live betting options
- Top-quality loyalty scheme
- Support for many payment methods
What we don´t like:
- No 24/7 live customer support
FOXBet – The Best For Creating Customs Bets Colorado residents will probably know well FOX Sports, so this sportsbook should be somewhat familiar from the outset. FOXBet has an excellent selection of promotions aimed at new and existing customers. The mobile app has a top speed, ensuring you never miss a wager on your favourite sports. In addition, there are many opportunities to create customs bets which adds to the flexibility for users. What we like about FOXBet:
- Unique customer bet creations
- Fast and responsive mobile app
- Hiigh numbers of promotions
What we don´t like:
- Limited customer support features
Is Sports Betting Legal In Colorado?
There is a clear answer to this question, and it is yes. Sports betting has been legal in the state since 2020. The Colorado gambling laws have also dictated that revenue from sports betting will be primarily used to fund its water projects so that there is a positive contribution to society. As soon as the United States Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA), Colorado was one of the first states to act, and in November 2019 election, state voters passed a bill with a close margin that opened the way to the legalization of sports betting in The Centennial State.
Sports Betting Has Developed Fast In CO
Soon after sports betting was legalized, brands started to go live in Colorado. It took just six months for brands like DraftKings, FanDuel, BetMGM and BetRivers to open their online sportsbooks. As a result, in November 2020 there were already a dozen other sportsbooks operating in Colorado. This is in addition to retail sportsbooks that started to accept legal sports bets in the state. Looking at the law, we can see that regulators have adopted a rather permissive approach compared with other states in the US. Colorado’s sports betting scene has grown fast with fewer barriers to operators, allowing a competitive environment that can only benefit CO bettors. Colorado sportsbook sites have delivered $25.5 million in revenue in the first month of operation, and by September of the same year, the Department of Revenue communicated that the income had increased to more than $200 million, with the trend that has continued over the period. By 2024, it is predicted that the state’s annual revenue from sports betting will be in the region of $6-$8 billion. This has been made possible by the relatively permissive stance to Colorado gambling, both for retail and online. Remote registration, for instance, has been allowed, which means you don’t have to go in person to one of the land-based US sportsbooks to sign up. This is a clear advantage to states that do not have such privileges, although they have legalized sports betting. Of course, the sports betting apps have to verify that you are located inside state borders for you to be able to wager.
Colorado Sports Betting License Fees
There are three categories available in Colorado regarding official sports betting licenses. A master license can be given to existing Colorado casinos, with all sports betting operations linked to this license. This licensing scheme allows brands like DraftKings and FanDuel to partner with a Colorado casino to launch within. Another positive factor for gambling operators to establish their presence in Colorado is that licensing fees are one of the lowest in the US. This, coupled with a low tax rate of 10% in place, makes Colorado a very favourable move for sports betting companies, and it is increasing competition with related benefits for Colorado bettors.
Licensed Colorado Sportsbook Operators
Since it is necessary for Colorado mobile sports betting operators to partner with land-based casino several partnerships have been established across the state. As a result, the likes of FanDuel sportsbook Colorado site and others have become available to CO bettors.
Available Bonuses On Live Betting Apps In Colorado
When you sign up for an online sportsbook in Colorado, you can also look forward to receiving bonus offers. These are available to both newcomers and frequently to regular bettors, too. It is essential to know exactly what these rewards are before completing your registration. The competition for customers is high in Colorado due to many sportsbooks on hand. So, the offers available reflect their intent to have you sign up. Bonus offers take several forms, such as:
Free Play Bonus
This will provide you with a minimal amount after registering for an account. In addition, it allows you to experience sports betting opportunities with $10 – $20. This one is also one of the rarer bonus offers, but it can provide a great insight into what you can expect once you deposit the sportsbook.
First Deposit Match
You will receive a percentage match of your first deposit made. This often comes in the shape of a 100% up to… reward. From this, you can extend your initial sports betting experience beyond the amount which you deposit first off. It is important with these rewards that you check into the full terms and conditions relating to it, too. Those terms will dictate the wagering requirements that you need to adhere to. We discovered that one of the best sites for playthrough requirements is Sportsbetting.com, which has a 1x wagering rule on its welcome offer.
Risk-Free Bets
You can place a wager with such an offer, and if that first bet is not a winning one, you will be refunded. Essentially, you cannot lose with such a reward, and newcomers can benefit from these frequently. One of the best Colorado sports betting sites for this is PointsBet, which grants you two risk-free bets up to $2,000 altogether.
Enhanced Odds And Parlay Boosts
Once you become a regular player, you can seek out the enhanced odds on certain events. For example, parlay boosts will provide you with exceptional boosts to the payouts you can gain from creating an accumulator wager. Check out the BetMGM sportsbook for this, as there is plenty to enjoy about its ongoing promotions.
Insurance Promotions
One final sports betting promotion that can be of great help is the insurance on parlays. This covers you if one of the bets you make within your multiple is a loser. Essentially, you receive your stake back up to a certain amount for that losing leg. The FanDuel sportsbook Colorado has such rewards for you to benefit from.
How To Register For An Account At A Colorado Sportsbook
The sign-up process at an online Colorado sports betting site should be simple. And if you visit one of our recommended platforms, this is definitely going to be the case. However, to make this an easy process for you, we have a step-by-step guide that you can follow below. Step 1: Choose Your Favorite Sportsbook Because Colorado gambling laws are quite liberal, numerous sites have set up shop within the state. Therefore, Colorado residents have their pick of a great bunch. As noted, we have a recommended selection, including the DraftKings sportsbook, FanDuel, BetRivers, FOXBet, etc. Simply choose whichever one caters to you the most after researching it. Step 2: Download the Mobile App To engage in online gambling, sports betting sites in Colorado must provide a mobile app. So, once you have chosen the site you want to bet at, you just need to download the relevant app for your device. A sports betting operator should ensure that it provides apps for both iOS and Android devices, and downloaded apps should install automatically afterwards. Step 3: Register for an Account Before placing any bets, you need to complete the sign-up process. Most sites provide an easy registration process to go through, with some basic information required. This means you should enter details like your name, address, phone number, and email address. It should take no longer than two minutes. Step 4: Make a Deposit Once you have opened your Colorado sportsbook account, you need to make a deposit into it. Different online betting sites accept different payment methods. Therefore, select your preferred option and proceed with a deposit. Take note of the minimum deposit rules and any specific bonus codes needed for claiming a welcome offer from the site. Step 5: Proceed with Betting Now that you have funds in your account, you can go ahead and place your favoured bets. You can even bet on local professional sports teams in the state of Colorado, meaning that you can wager on the Denver Nuggets, the Denver Broncos and so on.
Available Markets And Sports In Colorado
Colorado does have quite the inviting sports betting industry, and as long as you are physically located in the state and of age 21 or above, you can access it. Only a small number of restrictions are in place beyond this. The Colorado Division of Gaming maintains a detailed register that lists the approved events for sports wagering. eSports betting is something that this list features, meaning that you can bet on the outcome of CS:GO, League of Legends and so on. One restriction, though, is concerning college sports. However, this only applies to live betting, so you can still place pre-match bets on these events. Therefore, games taking place between Colorado universities are fair game as long as the wager is placed before the event takes place. So, if you are a fan of the Falcons or the Rams, it is all fair game. However, Colorado gambling laws dictate that you cannot bet on high school sports. Furthermore, you cannot bet on political outcomes, so the presidential election is a big no-no. Other than these few restrictions, sports betting is quite an open book. What types of wagering can you engage in from within Colorado, though? Almost all popular online betting types are accepted within The Centennial State. These are available at retail sportsbooks and via mobile betting apps, and include:
- Straight bets, including moneyline, spread and over/under
- Parlays and accumulators
- Pleasers and teasers
- Player and championship futures
- In-play betting
- Prop bets and exotics
It is great to see that Colorado lawmakers have also made it possible for bettors to engage in live betting. Therefore, a selection of live betting apps can be used for this, giving you a much more in-the-moment experience of the games taking place that you are wagering on. This is not something that all states offer, making Colorado’s scene even more inviting.
Colorado Sportsbook Apps Further Information
Mobile betting apps are very popular in the US, so it is not surprising that many states, including Colorado regulate them. The apps are usually very easy to install and are available on both Android and iOS devices. With the apps, you can place bets wherever you are without necessarily visiting land-based casinos. You can also manage your betting account, make deposits and withdrawals, etc. The only requirement is to be physically located within Colorado’s state lines.
Sports Betting Sponsorships in Colorado
With the necessity of standing out from the crowd, it is not surprising that operators have tried to raise their profile by sponsoring Colorado sports betting teams. For instance, in September 2020 the Colorado athletic department have agreed to a five-year sponsorship deal with PointsBet. Thanks to this deal, the Colorado Buffaloes will get additional income.
Conclusion
We can undoubtedly say that Colorado lawmakers have created one of the most favourable sports betting scenes in the US. With affordable sports betting licenses and low tax rates it is not surprising to see that many operators have decided to get involved here. The great thing about this is that its revenue is going for the good cause of the state’s water projects.
Can I Bet On National Sports Teams In Colorado?
Yes, it is legal and allowed. All the best sportsbooks in Colorado will allow you to access sport wagering for NFL, NHL, MLB, NBA, and college sports (as long as they are pre-match wagers). You can also bet on local teams, like the Denver Broncos and similar.
Where Are The Majority Of The Retail Sportsbooks Located In Colorado?
Most retail sportsbooks in Colorado are in casinos situated in Black Hawk, Central City and Cripple Creek. When visiting these operators, you can register for a sports betting account or do that remotely via a mobile betting app.
Why Can I Not Bet On High School Sports?
The CO sports betting laws don’t allow high school sporting events betting. However, it is possible to wager on college sports, but only in pre-match conditions.
Can I Use Colorado Betting Apps In Other Areas Of The US?
No. You must be physically located within CO state lines to use Colorado betting apps. Other states will have their own betting apps like Pennsylvania and Nevada, but you have to be within CO if you want to use the Colorado mobile betting apps.
Is Sports Betting 100% Legal In Colorado?
Yes, sports betting is entirely legal in Colorado, and you can access several sportsbooks since May 2020. CO was the 19th state that has introduced legal online sports betting from mobile devices after a ballot referendum at the end of 2019.
