Colorado Sports Betting: Best CO Online Underscoreg Sites July 2024

Is sports betting legal in Colorado?

Indeed, sports betting is completely legal in Colorado. The state boasts twelve brick-and-mortar sportsbooks and oversees the licensing and regulation of nineteen online sportsbooks that can be accessed on both personal computers and mobile devices.

CO sports betting key developments and updates

Colorado sports betting quick facts

Colorado betting promos and bonuses

Colorado presents a tough landscape for online sportsbook operators, but the key to success for each of the 19 sports betting sites is to differentiate themselves by providing top-notch sportsbook promotions and loyalty programs to retain and attract new customers.

Although some sportsbooks in Colorado provide deposit match bonuses, the most prevalent promos are still centered around first bet insurance. It is important to note that in cases where welcome bonuses are tied to insurance on the initial wager, bonus funds will only be received if the first bet loses, not if it wins.

If you are an experienced sports bettor who is already registered with one or more of Colorado’s 19 online sportsbooks, you may not be eligible for the welcome bonus. However, you can still explore other options and compare offerings.

Bettors can redeem a welcome bonus at each of the 19 online sportsbooks, and as more launch in the future, experienced bettors can take advantage of those as well. It is important to monitor ongoing promotions after logging into your accounts. Various rewards such as odds boosts, reduced juice, bonus bets, and other programs aim to incentivize you to stay loyal to a particular sportsbook.

Top Colorado betting sites

With 19 options to choose from, all Colorado betting sites cater to the casual sports bettor. Despite the competition, operators are constantly innovating to provide unique experiences for players in order to retain their loyalty. Thanks to advancements in live video streaming technologies, many sports betting apps now offer live streams of betting events.

On the other hand, many platforms provide live in-game betting options, allowing you to place bets on upcoming plays, quarters, or the next team to score. This continuous drive to enhance the user experience and introduce new ways to elevate the excitement always works in favor of you, the player.

This is what the sportsbooks in Colorado are currently promoting:

Why FanDuel is the best sportsbook in Colorado

FanDuel was among the early online sportsbooks to debut in Colorado back in 2020. Today, it continues to hold the top spot as the leading sportsbook in the Rocky Mountain state. The numbers speak for themselves, as FanDuel’s app store ratings on iOS and Android for betting apps surpass even its competitor DraftKings, demonstrating its commitment to delivering high-quality products and user experiences.

New FanDuel users can redeem the welcome offer by signing up for an account, depositing $10 or more for the first time, and placing an initial sportsbook wager of at least $5. If the bet is successful, the sportsbook will reward $200 in bonus bets without requiring a promo code.

Moreover, after the sign-up offer ends, FanDuel is recognized for providing top-notch weekly promotions and benefits such as enhanced odds, same-game parlays, and loyalty rewards programs for dedicated bettors. This summer, both new and current users can expect to receive a daily boost or bonus.

FanDuel was one of the pioneers in offering live video streaming for bettors, allowing them to watch events in real-time on the app while keeping track of their bets. With a wide range of betting markets available, including NFL, European soccer, and PGA tour events, FanDuel caters to every type of bettor.

Bettors should praise FanDuel for their excellent security features and easily accessible customer service team. When questions arise, contacting FanDuel’s top-notch customer service team is the quickest way to get answers.

Take a look at our detailed review of FanDuel for more information.

Other Colorado online sportsbooks and sports betting apps

Caesars Colorado

The Caesars Colorado sportsbook is impossible to overlook, thanks to its worldwide brand recognition. In addition to its stellar reputation, the app boasts an above-average rating on both iOS and Android platforms. Signing up with the promo code SBRBONUS1000 grants new players the chance to make a $1,000 first bet. Furthermore, new players can earn numerous Caesars Rewards Points upon registration, which can later be exchanged for bonus bets and VIP experiences at Caesars properties.

Review of Caesars: The best place to bet on sports in Colorado.

DraftKings Colorado

DraftKings established itself as a dominant force in the industry during the rise of daily fantasy sports in the United States. Despite the competition, DraftKings maintains its position at the top with its diverse betting options and exceptional user experience. The high ratings on the app store, with scores of 4.8 from iPhone users and 4.5 from Android bettors, are a testament to the trust and loyalty that customers have in DraftKings.

Additionally, new players have the opportunity to receive a bonus bet offer of $150 after betting $5. DraftKings also offers same-day payouts for select players, with no promo code necessary.

Exploring sports betting options in Colorado: A closer look at DraftKings. Side by side comparison of FanDuel and DraftKings.

BetMGM Colorado

Despite residing in the Rocky Mountains, the King of Parlays remains one of the top five operators in every state where sports betting is permitted. The app store ratings clearly reflect the quality of their service.

To celebrate the upcoming football championship game, BetMGM is offering new players the opportunity to receive up to $1,500 in bonus bets. Simply use the BetMGM bonus code SBRBONUS to claim your guaranteed bonus bets.

Review of BetMGM: The best place to bet on sports in Colorado

bet365 Colorado

In Colorado, bet365 recently joined the online sportsbook market as the 26th provider to launch their platform and mobile app. Despite being the second most favored sports betting app among iPhone users, Android users have expressed dissatisfaction with the product. For new players, there is an opportunity to receive $150 in bonus bets by using the bet365 bonus code SBR365 when placing a $5 wager on their first bet. Alternatively, they can choose a $1,000 First Bet Safety Net offer.

Review of bet365: The best place to place sports bets in Colorado

Gambling problem? Call 1-800-GAMBLER

Fanatics Colorado

Fanatics recently entered the legal Colorado sports betting market by acquiring PointsBet’s U.S.-based business. After rebranding and expanding, they now operate in 21 states, including Colorado. New customers can receive up to $1,000 in bonus bets without using a Fanatics promo code. Additionally, users will get a $200 bonus bet each day for five consecutive days.

Colorado sportsbooks honorable mentions

While the other operators did not make it into the top five Colorado sportsbooks, we recommend reading the SBR review and determining if their services align with what you seek in a sports betting platform and app.

• BetRivers review
• SuperBook review
• Betfred review
• Betway review
• Tipico review
• SBK review
• ESPN BET review
• PlayUp review
• Bally Bet review
• Betsafe review
• BetMonarch review
• Circa Sports review
• Sky Ute review

How we rate and review Colorado sportsbooks

The editorial team at Underscoreg Review conducts independent reviews of each Colorado sportsbook to assess quality. With experts from diverse sports betting backgrounds, SBR provides a comprehensive critique of operators’ websites and betting apps. In a market with 19 online sportsbooks, the margin for error and originality is narrow. SBR’s editorial team focuses primarily on six key categories in their evaluations.

Welcome bonuses and promotions

Operators understand the importance of making a positive first impression, so they must use attractive welcome bonuses and ongoing promotions to grab players’ attention and encourage them to come back. The most popular welcome bonuses include deposit matches, bonus bets, and first bet insurance, giving new players the opportunity to be more daring with their initial wagers.

After the sign-up offers end, account promotions and benefits include lowered juice, enhanced odds, bonus bets, first bet insurance, and loyalty reward programs. These features enable players to earn points on each bet that can be used for future bets, tournament entries, and exclusive VIP experiences.

User experience

Assessing a user experience is difficult due to individual preferences, but we can all recognize the distinction between a good and bad experience. The app should be reliable, without freezing or crashing, and the website should have seamless navigation. Creating a bet slip should be user-friendly, and banking options should be readily available.

With the increasing number of states and operators now available in the United States, it has become clear that a smoother process leads to a more positive user experience. The fewer clicks it takes to reach your desired destination, the better the overall experience.

Sports bet variety

While it’s common knowledge that the top four sports in the US are the NFL, NBA, MLB, and NHL, the diversity of sports betting options offered by these platforms is crucial. As a result, we are evaluating sportsbooks based on their inclusion of European soccer markets, PGA majors, tennis majors, UFC events, and heavyweight boxing matches, especially considering the frequency of fights involving the Paul brothers.

Aside from individual sports, the variety of bet types is also important. While moneylines, point spreads, and totals are good options for beginners, experienced bettors will also be looking for in-game betting, player props, parlays, teasers, and futures odds from operators.

Banking options

Prior to the legalization of sports betting in Colorado, the main obstacle for new bettors was finding safe and reliable banking methods. However, this is no longer a concern as the majority of online sportsbooks in the Rocky Mountain State now offer various secure payment options such as major credit and debit cards, Paypal, bank wire transfers, and e-wallets.

Payout speed

The editorial team at SBR evaluates the withdrawal process for all 19 online sportsbooks in Colorado. On average, it takes five business days to receive a payout, but this timeline may be extended if a physical check is requested to be sent to your home, which could take up to 15 business days. Sites with quicker payout speeds receive higher ratings from SBR.

Security and customer support

In order to protect the personal and financial information exchanged between online sportsbook operators and bettors, Colorado sportsbooks must implement the most up-to-date encryption software and make data security a top priority. Neglecting to establish proper firewall protections could leave your personal data vulnerable to unauthorized access by malicious individuals.

Colorado sportsbooks must ensure that customer service representatives are readily available at all times in case customers encounter any issues. Many websites and apps now offer a live chat feature, allowing customers to receive immediate answers to their questions instead of waiting on hold on the phone or for an email response. The customer service team is accessible via live chat to address any queries promptly.

How to start betting in Colorado

If you’re excited to support the Denver Nuggets in the NBA playoffs or ready to bet on the Denver Broncos under the coaching of Sean Payton and Russell Wilson, there are some steps to take before placing your first bet at a Colorado online sportsbook or betting app. Here is a simple guide on how to begin betting in the Rocky Mountain State.

Select a sportsbook licensed in Colorado

Before investing time and making a first deposit with a Colorado sportsbook operator, be sure to review some or all of the 19 online sportsbooks rated by SBR’s editorial team. This will help you make an informed decision and do your due diligence.

Once you have chosen a favorite, you can proceed by either registering through their online sportsbook on a desktop or laptop, or by downloading their app on a smartphone or tablet.

Register online

Registering is quick and easy, taking less than five minutes.

Open your sports betting app to get started. The operator will ask for your full name, home address, email address, phone number, date of birth, and social security number. Providing your social security number is necessary for age verification and to prevent hackers from creating duplicate accounts in your name.

After registering, the operator will probably email you a link to activate your account. When you click on the link, the sportsbook will prompt you to set up a one-of-a-kind username and secure password. For the best security, make sure your password includes a mix of uppercase and lowercase letters, numbers, and special characters.

Deposit and claim a bonus

Once you have completed the registration and login process, navigate to the cashier section. Here, you can link your preferred banking method to your Colorado sportsbook account. The typical deposit options include credit card, debit card, bank wire transfer, and third-party services such as Paypal.

Before submitting your desired deposit amount, make sure you have any necessary welcome bonus promo codes ready to enter into the designated field on the screen. You don’t want to miss out on potential bonus cash by forgetting to input a promo code after making your first deposit.

Select and finalize your bet

After registering and making your initial deposit, it’s time to explore the various betting markets. A smooth user experience enables easy navigation between sports and events without any delays. Creating a bet slip with multiple wagers on one ticket should be a simple process.

After you have finished filling out your bet slip, click submit to finalize your bet. You will receive a confirmation once the bet is processed.

Win and withdraw your payout

Congratulations on your successful first bets! If you’re looking to see a return on your investment quickly, you can easily request a withdrawal by visiting the cashier’s page. You have the option to receive your payout through bank wire transfer, third-party services like Paypal, or even by requesting a withdrawal via check through courier. Please note that it may take up to 15 business days to receive your funds if you choose to receive a physical check.

Colorado sports betting handle

The NFL regular season played a significant role in the success of legal Colorado sportsbooks, which saw a total of $518 million or more in revenue in the last quarter of 2022. Overall, the state’s betting handle for the year reached $5.17 billion, a significant increase from the $3.83 billion recorded in 2021.

In 2022, Colorado saw tax revenues of $19.7 million from total bets, a significant increase from the $11.7 million collected the year before. If projections hold true, sports betting could bring in over $30 million for the state this fiscal year. Additionally, the sports betting handle is anticipated to approach $6 billion in a state with a population of only 5.8 million.

2023 Colorado handle

2024 Colorado handle

Colorado sports leagues and teams to bet on

You have the opportunity to place bets on Colorado’s professional teams such as the Broncos, Nuggets, Rockies, and the Stanley Cup Champion Avalanche, utilizing popular betting markets such as moneylines, point spreads, and point totals. Additionally, you can enjoy wagering on in-state college teams during exciting events like bowl season and March Madness basketball tournaments.

Cheering for your local teams is enjoyable, but it’s not always the most strategic approach to betting. Use your logical reasoning when placing bets and avoid letting emotions cloud your judgment when analyzing a game. Stay informed about important updates such as injuries, suspensions, and changes in the depth chart that may not be widely reported.

Denver Broncos

It’s no shock that the Denver Broncos are Colorado’s favorite sports team, as the NFL reigns supreme in American sports. The Broncos, led by Hall of Fame quarterback John Elway, have clinched an impressive eight AFC championships. Elway’s exceptional play helped secure back-to-back Super Bowl victories in 1997 and 1998 before retiring at the pinnacle of his career.

Following their success, the Broncos continued to thrive. They clinched another Super Bowl victory in 2015, thanks to their outstanding defense. In 2022, the team was sold to new owners for $4.65 billion. The new ownership wasted no time in hiring Sean Payton as the head coach, aiming to bring the team back to championship contention.

Denver Nuggets

Throughout much of their history, the Denver Nuggets were considered insignificant in the NBA’s Western Conference. While powerhouse teams like the Lakers and Spurs were dominating the league and winning championships, the Nuggets remained in the shadows. Although they occasionally clinched the Northwest Division title, it paled in comparison to the ultimate goal of winning an NBA championship.

Everything shifted when the Nuggets selected Nikola Jokic in 2014 as the 41st overall pick. In just a few years, they became consistent playoff contenders. By 2023, thanks to Jokic’s exceptional skills, the Nuggets secured their first NBA championship.

Colorado Rockies ⚾

In 1993, the Colorado Rockies became a part of MLB as an expansion team. Despite the high altitude of Coors Field causing baseballs to travel further than usual, the Rockies have not achieved much success. Their only NL Pennant came in 2007, but they were ultimately swept in the World Series by the Boston Red Sox.

Despite their lack of consistent success, Colorado sports fans continue to support the Rockies. In a state where options for professional sports are limited during the summer months, the Rockies and the Colorado Rapids of the MLS are among the few choices available. The Rockies remain a popular betting market on numerous Colorado sportsbooks, benefiting from MLB’s daily schedule of games.

Colorado Avalanche

The relocation of the Nordiques from Quebec City to Colorado in 1995 brought joy to hockey fans in Colorado while leaving Quebec City fans in pain. The move proved to be fruitful for the team, as they went on to achieve historic success, winning 12 Division titles, three Presidents’ Trophies, and three Stanley Cup championships in their new Mile High City home.

Thanks in part to drafting sniper Nathan MacKinnon with the No. 1 overall draft pick in 2013, the Avalanche have continued to delight CO sports fans with successful seasons.

Other CO sports betting ⚽

Online sportsbooks provide betting odds for Major League Soccer (MLS), giving you the opportunity to support the Colorado Rapids. Additionally, they offer less mainstream betting options such as international soccer, PGA tournaments, men’s and women’s tennis majors, and UFC/MMA fight cards.

Sports bettors have the opportunity to explore the best sportsbooks for individual sports, leagues, playoffs, and categories.

Legal sports betting and regulations in Colorado

In Colorado, there are currently 19 online sportsbooks and sports betting apps to choose from. However, TwinSpires, BetWildwood, and WynnBet have all closed their operations in recent months. Additionally, SI Underscoreg shut down its sportsbook in early 2024. Despite these closures, there are still a total of 33 licenses available, indicating room for further growth in the Rocky Mountain State.

Colorado’s online and mobile sportsbooks

Land-based Colorado sportsbooks

There are a total of 12 land-based Colorado sportsbooks, with the majority located in Black Hawk rather than major city centers like Denver.

Who can bet on sports in Colorado?

Legal age

Individuals must be at least 21 years old to place bets on sports in Colorado.

Mobile betting

In May 2020, mobile sports betting was introduced in Colorado and continues to be in high demand, with 19 operators providing sports betting apps.

Remote registration

You can easily register for an online sportsbook account without having to visit a retail sportsbook. Sign up can be done quickly on your computer or sports betting app in less than five minutes.

Within state borders

You do not need to live in Colorado full-time in order to place bets through online sportsbooks or sports betting apps, but you must be physically located within the state’s borders. Geotagging software is used by sports betting operators to verify the location of each individual when they access or make a bet on Colorado online sportsbooks.

Retail sportsbooks

Colorado has a total of 31 sportsbooks available for sports betting, with 19 online options and 12 retail locations, primarily located in Black Hawk casinos for in-person wagering.

Taxable winnings

Both the federal government and the state of Colorado will be taking a portion of your sports betting earnings through taxes. The federal tax rate is approximately 24%, while Colorado’s tax rate sits at 4.63%. It’s important to remember that you can reduce your tax liability by deducting any losses from your profits.

What you can’t bet on in Colorado

As previously mentioned in this sports betting guide, Colorado is a bustling hub for NFL, MLB, NHL, and NBA betting. However, there are still certain categories that are off limits for wagering or are being held back by the Department of Gaming for the time being.

Politics ❌

Betting on politics is not allowed in Colorado, so you won’t be able to place any bets on the 2024 US presidential election just yet.

Entertainment award ceremonies ❌

In Colorado, entertainment award shows such as the Oscars, Emmys, and Grammys are prohibited, and online sportsbooks do not offer odds on them. However, it is legal to place bets on unique annual events like the NFL Draft.

eSports ✅

The regulation of eSports betting in Colorado provides a unique insight into the gaming industry. While betting on eSports is allowed in the state, each event must receive individual approval, with no blanket approval process in place. As a result, the availability of video game tournaments for betting at different sportsbooks may fluctuate based on approval from the eSports Integrity Commission.

What about Colorado college sports?

Many states have laws prohibiting bets on in-state college teams, but in Colorado, you can wager on all college sports, whether in-state or out-of-state. Underscoregs in Colorado will offer odds on the Colorado Buffaloes, coached by Deion Sanders, potentially winning the Pac-12 this upcoming season. However, bets on college player prop odds are not allowed.

Responsible sports betting in Colorado

Colorado’s Division of Gaming (CDOG) oversees sports betting in the state, with 19 online and 12 retail sportsbooks currently in operation. The CDOG’s main goal is to uphold honesty and integrity within the gaming industry by reviewing applications, issuing licenses, managing revenues, enforcing laws, and penalizing operators who do not comply with regulations.

The CDOG audit department performs routine compliance checks to ensure operators maintain accurate accounting records and promptly pay taxes. The Technical Systems Group at CDOG verifies the safety and security measures of mobile sports betting products, including conducting field tests to confirm the effectiveness of geofencing and identity verification protocols in the remote registration environment.

Interested operators are required to pay a $10,000 application fee to the CDOG. If approved, they must also pay a $125,000 licensing fee that is valid for a two-year period.

Some of the tax revenue generated by sports betting is allocated to support the treatment of problem gambling, which includes funding the state’s 24-hour hotline at 1-800-522-4700.

National helpline for gambling addiction in the United States: 1-800-GAMBLER

Underscoregs to avoid in Colorado

In the past, before Colorado had 19 online sportsbooks, sports betting apps, and 12 retail sportsbooks available, bettors would commonly turn to offshore sportsbook operators for their betting needs. However, these unregulated sites are not overseen by federal and state authorities, making them risky options. It is recommended to steer clear of these blacklisted sites and instead rely on the sportsbooks that have been reviewed by SBR’s editorial team.

Here are three offshore sportsbooks that engaged in unethical business practices instead of offering a positive user experience for Colorado sports bettors.

Growth of sports betting 📈

In 2018, the repeal of PASPA by the U.S. Supreme Court led to a massive surge in the growth of legal sports betting across the United States. Nearly thirty states have now legalized various forms of sports betting, with popular regulations including the authorization of online sportsbooks and mobile betting applications. Explore our legal sports betting tracker for detailed information on any state that piques your curiosity.

In the last two years, states such as Ohio and Massachusetts have experienced highly successful online betting launches. This has provided sports fans with another avenue to connect with their favorite teams, while also generating much-needed revenue for the states through licensing fees and taxes.

On March 11, 2024, North Carolina welcomed legal sports betting, introducing eight top sportsbooks to the state. With major events such as the Copa America and Euro 2024 soccer tournaments taking place throughout the summer, the excitement and possibilities for sports betting fans are on the rise.