Colorado Legal Online Sports Betting
Colorado sports betting finally launched on May 1st, 2020. The decision was made with the passing of ‘Proposition DD’ passed by Colorado voters. The proposition followed the passing of the original sports betting legislation approved by the Colorado General Assembly.
The decision ignited both the state’s gambling industry and sports fans, as the rules written for betting are in favor of both groups.
Colorado Gambling Laws for Sports Betting
Sports betting in Colorado can take place at any of the state’s licensed casinos, either in person or online
Registrations, payments and betting can all be done online in Colorado, massively benefiting players
The tax on sports betting in the state is set at 25%
The state initially issued seven master licenses and today has approved more than 30 licenses including online operators and retail.
Every single one of the state’s casinos have so far applied for licenses to begin the launch of sports betting, making for a wide range of options for bettors.
Colorado has already seen big names like BetMGM and BetRivers open up as it looks to be a leader for online sports betting in the Midwest.
How do I register an account in Colorado?
With legal Colorado sports betting, there are very few restrictions. These laxed laws can also be seen in the registration process, which can be fully completed online. To register an account, players must complete a few important steps.
Read our Colorado sportsbook reviews and select the one that appeals the most to your style
Once a sportsbook has been chosen, clicking on the red “Bet”button will take you to that site’s registration
Complete the registration as accurately as possible and wait for account approval
After the account has been approved, you can make a deposit and begin betting
What makes Colorado great is that registration, depositing and placing bets can all be done online. That means that players do not need to visit a physical location in order to register, although this can also be done.
When signing up for sportsbooks, there are a few criteria that should be considered. These include things like the welcome bonus for signing up, odds margins, maximum/minimum bet limits, customer service and live streaming.
Legalbet provides sportsbook ratings and reviews to help players know exactly what they are getting with each sportsbook.
Best Colorado Sports Betting Sites
Thanks to the relaxed rules surrounding Colorado sports betting as well as its geographical position, the state has attracted many of the United State’s top online sportsbooks. While every legal sportsbook has its positives and negatives, we do have some favorites that we recommend betting with:
William Hill Sportsbook
One of the most well-known international sportsbooks, the London-based William Hill has been working in the US for multiple years now, most notable in Nevada and New Jersey. The company launched its Colorado sportsbook in September 2020.
A thoroughly professional sportsbook, William Hill has all of the main American sports and leagues available as well as a thorough selection of deposit and withdrawal methods.
Unlike many of the other online sportsbooks in Colorado, William Hill does have an online casino section that operates under the same account as the sportsbook. Switching between the two can be done with a click.
The selection of betting markets is something we would expect to see from a professional sportsbook as William Hill. Live betting, parlays, teasers and a good selection of multiple betscan all be made as well as the main betting types like moneylines and spread bets.
PointsBet Sportsbook
The Australian-based sportsbook PointsBet has made tremendous strides in America after launching their first site and betting app in New Jersey in January 2019.
The sportsbook has since launched in multiple states with plans including Colorado. Future plans also include the addition of a casino and horse race betting.
PointsBet features the most popular sports and bet types on its site, while also having consistent brand promotions like the “PointsBet Crowd Booster”.
The one thing that absolutely sets the sportsbook apart from the competition is its unique ‘Pointsbetting’ feature, which allows players to win more or less money depending on how correct their bet was.
BetRivers Sportsbook
The BetRivers online sportsbook and betting app launched in Colorado in April 2020 by the popular Igaming company Rush Street Interactive. You may recognize BetRivers from Rush Street’s other online sportsbook, SugarHouse.
Both online sportsbooks share the same design, layout and betting opportunities.
That is great news for Colorado bettors because Rush Street has launched truly incredible sportsbooks. BetRivers features a long list of both domestic and international sports and has an unbelievably high number of betting lines for many competitions.
Bonuses, unique features like the ‘Jackpot Parlay’ and live streaming are just a few of the positives found on this sportsbook.
BetMGM Sportsbook
The name that needs no introduction, MGM Entertainment is one of the world’s biggest and most well-known companies ranking consistently on the Fortune 500.
Moving into new endeavors, the company launched its online sportsbook BetMGM in Colorado on May 3, 2020. With the Colorado launch, BetMGM now works in six US states.
The sportsbook and betting apps themselves are how you would expect MGM products to be. The site runs smoothly and functions exceptionally well.
The selection of sports on BetMGM is lengthy to say the least (even bull riding is included).
Other benefits of the sportsbook include consistently updated promotions, live streaming and the cash out feature.
Colorado Sports Betting Locations
Just as rules regulate in other states like New Jersey and Pennsylvania, online sportsbooks in Colorado will need to have a physical casino partner in order to launch their mobile brand of betting.
Licensed casinos in the state will also have the option to launch their own online sportsbooks and apps, which some have done.
Sportsbook | Casino | Online Brand | Physical City |
Ameristar Casino Black Hawk | Ameristar Casino Black Hawk | N/A | Black Hawk, CO |
Saratoga Casino Black Hawk | Betfred | Black Hawk, CO | |
Midnight Rose Hotel & Casino | BetMGM | Cripple Creek, CO | |
J.P. McGills Hotel and Casino | BetRivers | Cripple Creek, CO | |
BetWildwood | Wildwood Casino | BetWildwood | Cripple Creek, CO |
Century Casino Cripple Creek | Circa Sports | Cripple Creek, CO | |
Golden Mardi Gras | Draftkings | Black Hawk, CO | |
Red Dolly Casino | Elite Sportsbook | Black Hawk, CO | |
Golden Gates Casino | FanDuel | Black Hawk, CO | |
ISI | Johnny Nolans | N/A | Cripple Creek, CO |
Monarch Casino Blackhawk | BetMonarch | Black Hawk, CO | |
Sky Ute Casino | Sky Ute | Ignacio, CO | |
Christmas Casino | Smarkets | Cripple Creek, CO | |
Eldorado Resorts | FOX Bet | ||
Lady Luck Casino | William Hill | Black Hawk, CO |
Types of Sports Bets in Colorado
With the wide open Colorado sports betting industry, there will be a lot of different bet types that players will be able to make at their favorite sportsbooks. Once a competition is selected on an online sportsbook, players can find all of the available bet types for a specific competition.
The common betting markets like the moneyline, the spread and the over/under will of course be included.
Live betting has quickly become one of the most popular betting types and can be found on nearly all online sportsbooks and betting apps.
As live betting is available, there will also be long-term markets known as futures. This type of bet places odds on the future achievements and accomplishments of teams and players.
Popular futures include league and championship winners, although player awards like for example MVP and Cy Young Award winners can also be included.
The best way to understand which sportsbooks will have on average the most betting types and bet lines for each game is to look at our ‘Line Rating’. For this rating, we compare multiple competitions between different sportsbooks and rank the ones with the biggest selections the highest.
Which Colorado Sportsbooks have Live Streaming?
Definitely one of the finest and most requested features an online sportsbook can have is live streaming. The feature is the perfect compliment for live betting, where after placing your bet you can watch the game directly on the sportsbook.
Live streaming on betting sites covers games in sports from soccer and hockey to other popular betting sports like table tennis and basketball.
Luckily, many online sportsbooks have added this feature, and some came right out of the gate with live streaming in Colorado. In order to use live streaming on a sportsbook, a player simply needs to register an account and log in.
Recommended Colorado sportsbooks with live streaming on the site:
Colorado Popular Sporting Events
There are a lot of great professional sporting events in Colorado. This will ensure that Colorado bettors never run out of great local games to bet on. Not just competitions, but high-profile events as there are multiple professional teams that play in the state, to varying popularity.
From the days of the legendary quarterback John Elway, NFL football has dominated Colorado. The Denver Broncos are the state’s home team, and its popularity among fans is undeniable. Since 2015, the team has been in the top ten for fan attendance every year, ranking top five on more than one occasion.
Colorado features professional teams in each of the five top sports leagues in the country. While these teams don't have quite the same prestige as the Broncos, they still carry quite a following.
The Colorado Rockies in particular, are also consistently ranked in the top ten in MLB fan attendance.
Sports Teams in Colorado
Colorado is one of the states lucky enough to have professional teams in each of the top leagues in the country. The majority of the teams play in Denver, with the MLS Colorado Rapids playing just outside the capital in Commerce City.
There is nothing against betting on in-state professional teams in Colorado, opening up the potential for plenty of local sportsbook promotions and bets.
As is done in other states, online sportsbooks will likely begin to take up partnerships with the local professional teams, and other bonuses like PointsBets ‘Crowd Booster’ for local games.
Players can bet on all of these professional teams at most online Colorado sportsbooks:
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Sports betting will also be allowed on college teams as well as international sports. There is a major selection of sports available for betting in the state, varying with each sportsbook.
The most popular American sports will all be included, however there is seemingly no limits to the types of sports that can be featured on USA online sportsbooks.
Colorado Sports Betting Revenue Tracker
Month 2020 | Total Handle | Total Revenue | Taxes/ State Revenue |
September | $207,655,943 | $4,166,334 | $69,772 |
August | $128,646,209 | $7,519,599 | $189,462 |
July | $59,183,620 | $5,196,599 | $241,867 |
June | $38,136,949 | $3,484,014 | $217,023 |
Looking for a different state?
You can find updated profiles of all US states with legal sports betting along with rule updates, online sportsbooks and more here. This page will give you an updated outlook on the United States sports betting industry. Clicking on any legal state will bring you to that state’s home page.
