Are you a Colorado resident who wants to bet on the Denver Broncos, Denver Nuggets, or Colorado Avalanche? If so, you will need an online sports betting account.
Using a sports betting app, also known as an online sportsbook, is required to place bets. Residents of the Rocky Mountain State can bet on sports at brick-and-mortar casinos or on their mobile phones or computers.
This guide will break down the best Colorado sports betting sites by comparing the total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, as well as current bonuses and promotions.
Best Online Sports Betting Apps in Colorado 2021
- Wynn Resorts has launched their sports betting app in Colorado. Next up for Wynn is a likely launch in Indiana, again a partnership with Full House Resorts. The current incarnation of the WynnBet Colorado app doesn’t work with the latest version of the Android operating system.
- Sports betting in Colorado launched on Friday, May 1, 2020, with multiple apps kicking things off. While interest is already through the roof on local favorites, such as the Denver Broncos and Denver Nuggets, Colorado sports betting sites offer lines on everything from the NBA to the UFC.
- Legal sports betting has arrived in Colorado! Sports betting apps like DraftKings Sportsbook, FanDuel Sportsbook and BetRivers hit the market on May 1, 2020, allowing Colorado residents to bet on their favorite teams and sports legally for the first time. FOX Bet followed with its own launch on May 18.
- Colorado sports betting kicked off in 2020 as a means to fund the state’s water projects. You now have the choice between retail sports betting and online sports betting, with multiple apps available. Read on for all the latest news, updates, bonuses and promos available at Colorado sportsbooks. Best online sportsbooks in Colorado.
Monarch casino in Black Hawk has a proprietary sports betting app debuting in Colorado in mid-May. In addition to typical payouts, the app enables users to earn comps that can be put toward stays.
- DraftKings Sportsbook – Best Overall for Beginners
- FanDuel – Best Mobile App
- PointsBet – Best New Bet Type
- FOX Bet – Good All-Around Offering
- BetMGM – Good All-Around Offering
- SportsBetting.com – Good All-Around Offering
- BetRivers – Good Live Betting
Best Overall for Beginners
DraftKings is the complete package for both new and experienced sports bettors and daily fantasy sports players. While the live betting, education, and mobile app are all great, I found the unique bets and pre-game statistics DraftKings offers to be the best in the state. Read full review
Best Mobile App
Like its closest competitors, FanDuel is one of the most well-rounded sports betting options available. The high-quality live betting, bets offered, and the odds are worth emphasizing for both new and experienced bettors. FanDuel is also one of two sportsbooks available that offers daily fantasy sports. Read full review
Best New Bet Type
PointsBet brings a new style of betting to the United States, and frankly, I'm a huge fan. PointsBetting is unique and fun enough to justify opening an account with PointsBet, regardless of whether you have other sports betting accounts. While some sportsbook functions, such as live betting, can be improved, PointsBet offers good odds and an excellent palate of bets to choose from. Read full review
Best for Poker Players, Fans of Fox Sports
FOX Bet offers bettors an endless selection of bets and quirky promotions, paired with an easy to use mobile app and desktop platform. While the company has room to improve in terms of odds offered and education, I would recommend the sportsbook to poker players and fans of Fox Sports news shows. Read full review
Good All-Around Offering
Make no mistake, despite being a casino-based brand BetMGM is all-in on sports betting. The BetMGM App provides users with a wide collection of sports and bets to wager on, in addition to a full suite of casino and poker games.Read full review
Good All-Around Offering
SportsBetting.com may be one of the newer apps on the block, but it handles nearly as well as some of the more seasoned sportsbooks. The generous new-customer promotion — one of the best we’ve ever seen — easy-to-navigate app, robust lineup of props bets, daily odds boosts and sports news make it a solid pick for bettors of all experience levels. Read full review
Good Live Betting
BetRivers has the foundation of a great sports betting site. It’s one of the premier services for live betting, has a wide variety of sports (the most of any app), and offers industry-leading promotions. Mobile bettors, however, will find the slow and clunky app a frustrating user experience. Read full review
Other Colorado Sportsbooks
In addition to our top seven Colorado sports betting apps for 2021, we reviewed two others. Here's our high-level takeaways for each. To dive deeper, read our reviews.
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William Hill combines excellent odds and new customer bonus offers with an above-average mobile app. While I wish the sportsbook offered more education and ongoing promotions, there is a lot to like about William Hill. Read full review
Best for theScore Media Fans
theScore Bet is best suited for die-hard theScore media fans, who will enjoy switching between the two apps to bet and track games in real-time. Unfortunately, theScore Bet is average and fails to incorporate enough features from the media app to leave a lasting impression. Read full review
Best Betting Odds in Colorado
To determine which Colorado sports betting sites offer the best odds, I recorded and analyzed data from hundreds of games for spread, moneyline, and total bets. The sportsbooks that provide the best odds for each sport are listed below.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | PointsBet | FOX Bet | BetMGM | SportsBetting.com | BetRivers Sportsbook |
| NFL Moneyline | Best | Average | Average | Above Average | Average | N/A | Below Average |
| NFL Spread | Below Average | Below Average | Above Average | Above Average | Below Average | N/A | Below Average |
| NBA Moneyline | Average | Average | Average | Worst | Average | N/A | Average |
| NBA Spread | Below Average | Good | Above Average | Below Average | Average | N/A | Below Average |
| MLB Moneyline | Worst | Worst | N/A | Average | |||
| MLB Spread | Average | Above Average | N/A | Best | |||
| NHL Moneyline | Best | Average | Above Average | Above Average | Average | N/A | Below Average |
| NHL Spread | Average | Good | Above Average | Below Average | Worst | N/A | Below Average |
| Soccer Moneyline | Average | Average | Worst | Below Average | Good | N/A | Best |
| NCAAF Moneyline | Below Average | Below Average | Above Average | Best | Average | N/A | Best |
| NCAAF Spread | Average | Above Average | N/A | Below Average |
Deposit Options
Here is a comparison of deposit options amongst top CO sports betting apps.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | PointsBet | FOX Bet | BetMGM | SportsBetting.com | BetRivers Sportsbook |
| Minimum Deposit | $5 | $10 | $5 | $10 | $10 | $10 | $10 |
| Total Deposit Methods | 8 | 8 | 4 | 7 | 8 | 2 | 8 |
| No Debit/Credit Card Deposit Fees | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Deposit Min/Max - Debit/Credit Card | $5/$2,000 | $10/Varies | $5/Varies | $10/Varies | $0/Varies | N/A | $10/Varies |
| PayPal | Yes | Yes | No | Yes | No | No | No |
| Deposit Min/Max - PayPal | $5/$2,000 | $10/Varies | $5/Varies | $10/Varies | $10/Varies | N/A | N/A |
Withdrawal Options
Here is a comparison of withdrawal options amongst top CO sports betting apps.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | PointsBet | FOX Bet | BetMGM | SportsBetting.com | BetRivers Sportsbook |
| Minimum Withdrawal | $1 - $15 | None Listed | None Listed | $10 | $10 | $10 | $10 |
| Total Withdrawal Methods | 4 | 4 | 2 | 5 | 6 | 2 | 4 |
| No Withdrawal Fees - Check | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Check Payout Speed is < 10 days | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Withdrawal Min/Max - Check | $5/Varies | None listed | $5/Varies | $10/$8,300 | $0/Varies | N/A | $10/Varies |
| Withdrawal Min/Max - PayPal | $5/Varies | None listed | $5/Varies | $10/$8,300 | $10/Varies | N/A | N/A |
Colorado Sports Betting Timeline
Here is a short timeline of how Colorado sports betting became a reality:
- 2019 - Governor Jared Polis signed House Bill 1327 on May 30th, 2019. House bill 1327 was written to allow Coloradans to bet on sports online with their phone or computer and at casinos in Blackhawk, Central City, and Cripple Creek. On November 5th, Residents of Colorado voted on whether or not to legalize sports betting. Only 1.5 million people voted, with 51.41% of votes going to legalize sports betting.
- 2020 - Sports betting launched in Colorado on May 1st, despite most sports being postponed or canceled due to the COVID-19 pandemic. As of October, there are 16 online sports betting sites available in Colorado. Colorado has the second-most online sports betting apps to choose from, trailing behind New Jersey (17).
Best Colorado Sportsbooks Summary
Below is a summary of the best online sportsbooks currently available in Colorado.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | PointsBet | FOX Bet | BetMGM | SportsBetting.com | BetRivers Sportsbook |
| Overall | 5 | 4.5 | 4.5 | 4 | 4 | 4 | 4 |
| Sports & Bets Offered | 5 | 4.5 | 5 | 4.5 | 4.5 | 4 | 4.5 |
| Odds | 3 | 3.5 | 4.5 | 4 | 2.5 | 0 | 3 |
| Live Betting | 5 | 5 | 3.5 | 4 | 4 | 4 | 4.5 |
| Mobile Betting | 5 | 4.5 | 4.5 | 4 | 4 | 4 | 2.5 |
| Education | 4 | 4 | 4.5 | 2 | 3.5 | 3.5 | 4 |
DraftKings Sportsbook
DraftKings delivers the ultimate package for sports bettors, including unique contests and bet types, industry-leading pre-game statistics, excellent education for beginners, Daily Fantasy contests, and private pools with friends. This outstanding all-round experience makes DraftKings our top overall sportsbook in 2020. Read full review
Minimum deposit: $5
Who choose DraftKings Sportsbook:
- Great for beginners. DraftKings’ noteworthy educational materials include guidance on how to bet and different bet types, as well as sport-specific guides that cover common strategies for betting success.
- Unique bets and contests. The variety of sports and bets offered —one of the largest selections of unique bet types and contests we’ve seen — and an excellent live betting experience makes DraftKings one heck of a sportsbook.
- Bonuses: Promotions change throughout the year, but typical ones include risk-free bets up to $1,000 for new bettors, and deposit matches, among others. Keep in mind there are typically rollover requirements attached to each bonus.
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FanDuel
FanDuel Sportsbook is a winner in 2021 for its easy-to-use website and mobile app, variety of prop bets, and its top-of-the-line live betting. FanDuel combines all of that with competitive odds and daily fantasy sports integration to deliver one excellent sportsbook. Read full review
Minimum deposit: $10
Why choose FanDuel Sportsbook:
Colorado Approves Sports Betting
- Excellent mobile app. With its focus on usability, we found the FanDuel Sportsbook app to be one the best-designed apps overall.
- Great for bettors. High-quality live betting, variety of bets offered, and noteworthy odds are all features new and experienced bettors will appreciate.
- Bonuses: Promotions change throughout the year, but typically FanDuel offers a risk-free bet up to $1,000, and several other smaller seasonal offerings. Keep in mind there are typically rollover requirements attached to each bonus.
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PointsBet
PointsBet brings a new style of betting to the United States, and frankly, I'm a huge fan. PointsBetting is unique and fun enough to justify opening an account with PointsBet, regardless of whether you have other sports betting accounts. While some sportsbook functions, such as live betting, can be improved, PointsBet offers good odds and an excellent palate of bets to choose from. Read full review
Minimum Deposit: $5
Why Choose PointsBet:
- You’re interested in PointsBetting. PointsBetting takes a spread, total, or prop bet and makes it a variable bet until the end of the game. The idea is, the more correct a bettor is, the more they win, and vice versa.
For example, let's say you bet $10 on the Dallas Cowboys (-3) against the Jacksonville Jaguars (+3). If Dallas wins 24-20, you covered the spread and won by one point. For this example, you multiply your $10 wager by one, for a total win of $10. If Dallas wins 26-20, you covered the spread and won by three points. For this example, you multiply your $10 wager by three, for a total win of $30. If Dallas loses 17-20, you lost the spread by six points (the three Jacksonville won by plus the three Dallas was favored). For this example, you multiply your $10 wager by six, for a total loss of $60. - Bonuses: Typically, PointsBet offers two risk-free bets up to $500 on the first fixed odds bet and PointsBetting Bet, as well as various seasonal promotions. Keep in mind there are typically rollover requirements attached to each bonus.
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What Colorado Casinos Offer in Person Sports Betting?
Residents of Colorado can bet on sports in-person at the following locations. You can bet at any of these casinos regardless of what mobile app(s) you use and vice versa. This list was updated in July of 2020; I fully expect more casinos to roll out sports betting as the year progresses.
- Isle Casino - Black Hawk
- Lady Luck Casino - Black Hawk
- Golden Mardi Gras - Black Hawk
- Monarch Casino - Black Hawk
- Saratoga Casino - Black Hawk
- Century Casino - Central City
- Brass Ass Casino - Central City
- Bronco Billy’s - Central City
- Colorado Grande - Cripple Creek
- Johnny Nolon's - Cripple Creek
- Wildwood Casino - Cripple Creek
How do I bet online in Colorado?
Colorado Sports Betting App
- 1. Create an account. Every online sportsbook has an online website as well as a mobile app. To create an account on the app or website, you will need your name, address, phone number, and email address. Some sportsbooks might ask for more information such as social security number; which is normal.
- 2. Fund the account. Deposit money into your newly created account. In Colorado, standard banking methods include credit/debit cards, PayPal, ACH (e-check), Bank Transfers, Play+ Cards, and PayNearMe.
- 3. Add your bet(s) to the betslip. To do this, click on the bet that you want to place.
- 4. Select the wager amount. Enter the amount of money you want to wager. The bet slip will display your total wager and potential payout. Keep in mind, the potential payout includes the money that you are wagering. For example, in the screenshot below, you are betting $10 to win $8.80. Thus, the potential payout is $18.80 (total wager $10 + potential winnings $8.80).
- 5. Finalize the bet. Place your bet and set an alarm for game time!
- Online Sports Betting - Legal
- Online Horse Betting - Legal
- Daily Fantasy Sports - Legal
- iGaming (online slots) - Not Legal
- Online Poker - Not Legal
- Online Lottery - Not Offered
- Offshore Sportsbooks - Not Legal
- Denver Broncos (NFL) Team Website // Schedule // News
- Denver Nuggets (NBA) Team Website // Schedule // News
- Colorado Avalanche (NHL) Team Website // Schedule // News
- Colorado Rapids (MLS) Team Website // Schedule // News
- Colorado Rockies (MLB) Team Website // Schedule // News
- Football - NFL, NCAA, CFL
- Basketball - NBA, NCAA, WNBA, International Leagues
- Soccer - English Premier League, MLS, International Leagues
- Baseball - MLB + International Leagues
- Hockey - NHL + International Leagues
- Golf - PGA Tour, LPGA Tour, International Leagues
- Tennis - All Major U.S. Tournaments + International Matches
- Other Sports - UFC/MMA, Motor Sports, Boxing, Cricket, etc.
- Odds have either a plus or minus in front of them.
- Odds are in terms of 100.
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What types of gambling are legal in Colorado?
Colorado has a modest selection of online gaming products to choose from. Here are the forms of gambling legal in Colorado:
Popular Colorado Sports Teams
Colorado has five professional sports teams in the Rocky Mountain State. Residents of Colorado can bet on all professional and collegiate sports, which include all of the following professional teams:
What sports leagues can I bet on in Colorado?
Almost all domestic and international leagues are available to bet on with Colorado sportsbooks:
How to Read Odds
Odds represent the likelihood of an outcome occurring. In sports betting, each team is assigned odds that represent the likelihood of them winning the game. American odds are what you will see displayed on every U.S. sportsbook and sports betting app.
The first thing you will notice when reading odds will be that:
Betting Odds are written in terms of 100 as an industry standard. The easiest way to think of the plus and minus signs is as follows: If it is a plus, you will receive more than a $100 payout on a $100 bet. If it is a minus, you will have to bet more than $100 to win a $100 payout.
Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook. That said, it is beneficial to understand the betting odds.
Keep in mind for both spreads and totals, if the game ends in a draw for the bet, you get your stake back but do not win or lose any additional money.
What is a Moneyline bet?
A moneyline bet is a wager on which team will win the game outright. Both the favorite and the underdog are given odds to win the game. View sample bet slip.
| Moneyline Odds | How to Read it | What it Means |
|---|---|---|
| Lions +130 | Lions plus 130 | By betting $100 you will win $130 if the Lions win |
| Packers -150 | Packers minus 150 | To win $100, you must wager $150 on the Packers to win |
What is a Spread bet?
A spread bet is a wager on which team will cover the spread or point spread. Underdogs will be given additional points with the spread, while the favorite will have to win by a certain amount of points to cover the spread. View sample bet slip.
| Spread Odds | How to Read it | What it Means |
|---|---|---|
| Lakers + 5 (-110) | Lakers plus 5 points at minus 110 odds | The Lakers must win the game, or lose by less than 5 for you to win your bet |
| Rockets -5 (-110) | Rockets minus 5 points at minus 110 odds | The Rockets must win the game by more than 5 points for you to win your bet. A tie is a push, meaning you don't win or lose. |
What is an Over/Under (Total) bet?
An over/under bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager whether the game's actual score will be over or under the preset point score. View sample bet slip.
| Total Odds | How to Read it |
|---|---|
| Over 7 (-115) | In order to win $100, you must bet $115 on the overall combined run score to be higher than 7 |
| Under 7 (-110) | In order to win $100, you must wager $110 on the total combined run score to be less than 7 |
More of a visual person? Here's a YouTube video covering moneyline, spread, and total bets.
What is a Parlay bet?
A parlay bet is a group of bets, typically spread, moneyline, or total bets, combined into one bet to increase the payout odds. Every separate bet must win to win a parlay bet. View example bet slip.
What is a Future bet?
A futures bet is a bet on an event that takes place in days, weeks, or months. The most common future bets are placed on what team will win the finals before the season starts. View example bet slip.
What are Bonus Rollover Requirements?
Rollover requirements are requirements bettors MUST fulfill before they can withdraw the bonus money. Each type of bonus has different terms and conditions, which you should examine before accepting.
Rollover requirements for sports betting often range between 1X-10X, with some extreme requirements going all the way up to 15X. For example, let’s say you deposit $100 and receive a $50 bonus with a 5X rollover. Before you can withdraw the $50 in bonus funds, you have to wager $750 (($100 + $50)x5). Clearly, the $50 bonus is a lot harder to obtain if you don’t bet frequently.
This table gives you an idea of how much you will have to wager before withdrawing your bonus at multiple rollover rates. We will assume each deposit made is $100.
| Bonus Percentage ($100 Deposit) | Bonus Amount | Bonus Withdrawal with 1X Rollover | Bonus Withdrawal with 3X Rollover | Bonus Withdrawal with 5X Rollover | Bonus Withdrawal with 10X Rollover |
|---|---|---|---|---|---|
| 25% Deposit Match | $25 | (100+25)x1 = $125 | (100+25)x3 = $375 | (100+25)x5 = $625 | (100+25)x10 = $1,250 |
| 50% Deposit Match | $50 | (100+50)x1 = $150 | (100+50)x3 = $450 | (100+50)x5 = $750 | (100+50)x10 = $1,500 |
| 100% Deposit Match | $100 | (100+100)x1 = $200 | (100+100)x3 = $600 | (100+100)x5 = $1,000 | (100+100)x10 = $2,000 |
Is Sports Betting Legal in CO (Colorado)?
Sports betting is legal in Colorado at retail locations and online. On November 5th, 2019, residents of Colorado voted to legalize sports betting.
How old do you have to be to bet on sports in Colorado?
Anybody who is 21 years or older can bet on sports in Colorado. As long as you are 21 and within state lines, you do not have to be a resident of Colorado to bet on sports.
If you live in Colorado and travel to a state that does not have legal betting, you will not be able to bet. Your phone or laptop uses geo-technology to make sure you are within state lines. The only people prohibited from betting on sports include athletes, coaches, refs, and other related personnel.
Do you have to pay taxes on sports betting in CO?
According to the IRS, “Gambling winnings are fully taxable, and you must report the income on your tax return.” Form W-2G is used to report gambling winnings and gambling losses, which may be deduced if adequately itemized.
For online gambling winnings, residents must send in Form W-2G when certain winning thresholds are reached. For example, if a player wins more than $600 or at least 300 times the wager amount, the form must be filled out.
Is it legal to bet on horse racing in Colorado?
It is legal to bet on horse racing in Colorado. Residents can bet with legal online providers such as TVG, BetAmerica, and TwinSpires. You can not bet on horses from Colorado sportsbooks, except for BetAmerica, which offers different websites for its sports betting and horse racing products. BetAmerica does not currently offer sports betting to residents of Colorado.
Does Colorado offer an online lottery?
No, Colorado does not currently offer any online lottery games or tickets.
Is DraftKings sportsbook legal in Colorado?
DraftKings is a safe and legal sports betting option for residents of Colorado. DraftKings obtained its license from Golden Gulch Casino.
Is FanDuel sportsbook legal in Colorado?
FanDuel is a safe and legal sports betting option for residents of Colorado. FanDuel obtained its license from Golden Gates Casino.
Is Bovada legal in Colorado?
Bovada, BetOnline, and MyBookie are considered offshore sportsbooks and are illegal. These sportsbooks are not approved by the Colorado Limited Gaming Control Commission, which regulates all legal Colorado sportsbooks.
Methodology
For Moneyline.com’s annual best online sportsbooks review, we collected more than 36,000 data points over five months from 20 sportsbooks that serve 11 states where full-scale mobile betting is legalized. Hundreds of hours were spent testing and scoring each sportsbook (mobile and online/desktop) in seven core categories: sports and bets offered, odds, live betting, mobile betting, education, ease of use, and bonuses and promotions. The results determined each sportsbook’s overall rating.
Data from more than 1,700 bets (including moneyline, spread and total bets) was used to generate each sportsbook’s comparative odds ranking. Leagues and bet types collected include NCAA football moneyline bets, NCAA basketball moneyline bets, NFL moneyline, spread and total bets, NBA spread, moneyline and total bets, NHL moneyline, puckline and total bets, and soccer 3-way result (moneyline) bets. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy.
About Moneyline.com’s chief sportsbook researcher, Joey Shadeck: I’ve been a hobby sports bettor for more than six years, placing hundreds of bets on my favorite sports (football, basketball, MMA) and teams (Packers, Spartans, and whoever is playing the Lions). Beyond sports betting, I’m known for saying “Wanna bet on it?” in almost any situation and that is how I found out I can eat 42 chicken nuggets in less than 20 minutes.
As of February 2021, 22 different states have legalized sports betting to some capacity. Of those 22 states, the following 11 have legalized full-scale mobile betting: Colorado, Illinois, Indiana, Iowa, Michigan, Nevada (must register in-person), New Hampshire, New Jersey, Pennsylvania, Tennessee, Virginia, West Virginia.
Learn more about how we test.