Online Sports Betting in Colorado (2023)

Top Sportsbooks in Colorado

If you’re searching for a new Colorado online sports betting site that offers great rewards, boasts fantastic odds, and ensures customers of a terrific experience, then look no further. We’ve taken each of the sites that provide legal sports betting in CO and compiled them into a ranked list, complete with their most impressive features.

The fanfare from Colorado residents towards the world’s biggest sporting events is well-known across the US. Bettors from the state tend to be intuitive, understand the importance of their bankroll, and know how to take advantage of the finest promotions.

With mobile support now arriving from the best CO betting sites due to such a sharp spike in demand, users can bet on the move or from the comfort of their homes. However, sometimes it can be tough to decide on the perfect sportsbook for your betting needs. To discover CO sportsbooks catered to you, read through our list of sites currently available in The Centennial State.

#1 Best CO Sports Betting Site - DraftKings Sportsbook 10/10

Perhaps the most popular sportsbook in the entire country, DraftKings has now made a name for itself in Colorado. Having quickly risen to become the cream of the crop within the state, users will be astounded by the sheer number of customizable features, extra boosts, and markets found on the platform.

What’s better, the site has a downloadable app for iOS and Android devices. With this app, CO sports bettors can indulge in everything they love about wagering on sports in one convenient spot.

DraftKings, partnered with the Mardi Gras Casino in CO, can compete with any of the other household names in the state. By creating an experience personal to the user through clever algorithms that recognize previous betting history, it’s unlikely you’ll be recommended sports and odds that go against your tastes.

DraftKings accepts the following payment methods for its customers to process deposits and withdrawals:

• Credit/debit cards
• In-person at the venue
• E-wallet
• ACH
• Bank Wire
• PayNearMe

#2 Best CO Sports Betting Site - BetMGM 9.8/10

Backed by MGM Resorts, there’s no question that the funding for BetMGM’s sportsbook is strong. After finding a partner in Colorado - The Midnight Rose Hotel & Casino - the guys working at BetMGM’s CO branch quickly got to work on their mobile app and website. Now the platform is one of the best options in terms of CO sports betting markets and odds, which should come as no surprise to anyone that’s played on any of their services before.

Legal sports betting in CO has never been in a healthier state, and that’s partly down to the fantastic contributions from the team at BetMGM. There are plenty of reasons to create an account with the CO online sports betting site, but arguably none more convincing than the cash-out and live betting features. These come as part of the package when you sign up, bringing players even closer to the games and events they know and love.

Moreover, paying at BetMGM is simple. To deposit or withdraw funds, just head to the banking section of the site or app, depending on which you prefer. Then, select from any of the following methods:

• Credit/debit cards
• Bank transfer
• PayPal
• Skrill
• Prepaid card
• Wire Transfer
• PayNearMe

These should all be open for use when withdrawing funds from your BetMGM account wallet, although it’s always best to stick with the payment methods you used upon depositing.

#3 Best CO Sports Betting Site - PointsBet Sportsbook 9.6/10

Originally only available in Australia, PointsBet made its way from down under to become one of the best CO sportsbooks quickly. Having started out with a small name and very few users aware of its features, bonuses, markets, etc, PointsBet is now firmly considered one of the very best on all counts.

Upon its venture to Colorado, PointsBet set up a deal with one of the biggest venues in Cripple Creek: Double Eagle Casino. By November 2020, PointsBet’s online sports betting site in Colorado was up and running, with customers arriving daily. These customers were some of the first to be made aware of the Karma Kommittee - a team of people designated with the task of refunding unfortunate bettors whose wagers fell through at the death.

Ar PointsBet, users can select to place bets on any of the following sports:

• UFC
• Soccer
• MLB
• NBA
• NASCAR
• Golf

While payment methods found on the site include the likes of e-check, PayNearMe, PayPal, online bank transfer, Mastercard, and more.

#4 Best CO Sports Betting Site - FanDuel Sportsbook 9.5/10

Most veterans at FanDuel will remember the site as a Daily Fantasy Sports service rather than a full-fledged sportsbook. Nowadays, FanDuel is considered to be one of, if not the, best CO betting sites in the business. By putting pen to paper on a deal with Twin River Worldwide Entertainment not too long ago, FanDuel cemented its status as one of the big boys in Colorado’s sports betting industry.

Getting the app couldn’t be much easier, as users must simply head to the Google Play Store or iOS App Store and tap download. Within minutes, you’ll be capable of wagering on a whole host of exciting sports events.

To pay, users can utilize these methods:

• Credit card
• Check
• ACH
• PayNearMe
• Wire Transfer
• PayPal
• Online Bank Transfer

There are more than enough bonuses available for newly registered customers while existing users are also frequently rewarded. Based at the Golden Gates Casino in Black Hawk, bettors are free to pay at the cage if that’s their preferred method.

#5 Best CO Sports Betting Site - WynnBet Sportsbook 9.4/10

Cripple Creek is the destination of choice for WynnBet’s CO online sports betting platform, as they teamed up with Bronco Billy’s Casino in December 2020. Much like the sites we’ve already mentioned, WynnBet’s downloadable app can be found on Android and Apple devices. This goes for tablets too, with downloads of the application available from the relevant app stores.

Users can place moneyline bets, create parlays, choose over/under bets, select prop bets, or any of the other types of betting markets found on the site. Whether you’re into UFC, MLB, NBA, soccer, golf, racing, NHL, or other popular sports around the world, there’ll be something to your taste at WynnBet.

To pay, ensure that you’ve got one of the few available methods on hand. These are:

• Visa
• PayPal
• Mastercard
• Play+ Card

Although the selection is severely limited, most of these methods are popular among US bettors. The best CO sportsbooks cater to the majority of the population, and realistically, WynnBet does exactly that.

#6 Best CO Sports Betting Site - BetRivers Sportsbook 9.2/10

BetRivers is considered one of the best around when it comes to all things sports betting. After successfully starting a partnership with Triple Crown Casino in Cripple Creek, BetRivers was subsequently allowed to begin sports betting operations in the state.

By being one of the early birds to take advantage of legal sports betting in CO, BetRivers were able to earn more customers than some might have anticipated. Not long after initiating services in Colorado, the guys behind BetRivers released a downloadable app for iOS and Android devices. For Android users, the app is found via the website itself. Apple devices are free to get the app from the App Store.

There are many sports options for users to select from, including the likes of:

• Baseball
• Basketball
• Boxing
• Football
• Tennis
• Hockey

Regarding the bets themselves, users may choose to place teasers, parlays, moneyline bets, point spreads, and more. This is all possible by first depositing money into your BetRivers account wallet, which can be done using:

• PayNearMe
• Prepaid card
• Cash at Cage
• Visa
• Mastercard

#7 Best CO Sports Betting Site - Betfred Sportsbook 9.1/10

Launched in September 2020 after partnering with Saratoga Casino in Black Hawk, Betfred has been appreciated by most bettors in the state of Colorado so far. Both forms of the platform offer seamless experiences, with the desktop version of the site boasting a wide range of accessible features and the app being jam-packed full of similar offerings.

Finding the best way to pay for your specific needs won’t be difficult with this CO sports betting site, as Betfred allows for all kinds of deposit and withdrawal methods to be used. These are as follows:

• Credit card
• ACH
• Skrill
• PayNearMe
• Cash at Cage

With so much experience in the world of online betting and gambling as a whole, Betfred has used all of this information to create a slick, easy-to-use website and app for CO online sports betting enthusiasts.

Added to that the wide range of betting options available on the site and it becomes easy to understand exactly why and how Betfred was such a massive hit in the UK. Virtually every betting preference is catered to on the site, including:

• Moneylines
• Parlays
• Teasers
• Over/under
• Props
• Futures

#8 Best CO Sports Betting Site - SportsBetting.com 9.0/10

Considering the name of this particular platform, it’s rather surprising that it’s so young. SportsBetting.com arrived on the scene in 2020 and quickly rose in popularity to become a great option for sports bettors in Colorado, with many branding the site as one of the best CO betting sites.

The sportsbook derives all of its odds from specialists working in-house, meaning that every single odd you view on the site has been picked by a real person and not a computer. For players looking for a more human, personalized experience, this could be good news. Amazingly, the team putting these odds together strive to publish around 10,000 new odds each day.

Partnered with Johnny Nolon’s Casino, SportsBetting.com gives its customers a few opportunities to pay, although we’d like to see more added in the near future:

• Visa
• Mazooma
• Skrill

Payouts aren’t any slower or quicker compared to the industry average with withdrawals coming in at around 3-5 days, which is certainly acceptable. The site uses the most up-to-date security software as it seeks to remain in contention with bigger names in the business by promising an excellent standard of safety.

#9 Best CO Sports Betting Site - Caesars 8.9/10

The Isle Casino Hotel was Caesars destination of choice upon the company's decision to shift its focus towards Colorado, and the CO sports betting site has been in operation since September 2020. Now with a downloadable app for mobile devices, users can enjoy everything they love about Caesars betting services on the go.

The desktop version of the site works perfectly, too. There are ample markets to choose from, so no matter what types of sports you like, there’ll be something for you at Caesars CO sports betting app and site.

Typically, CO sportsbooks will require that you download geolocation software to ensure that you’re within the state's borders. In the case of Caesars, users may be asked to search for their state if the app cannot decipher their exact location.

To pay, use the following methods:

• Visa
• Mastercard
• Online Bank Transfer
• PayNearMe
• Prepaid Card

Added to that is the extensive list of sports betting options at Caesars. With one of the most impressive catalogs we’ve come across at CO sports betting sites, there’s no denying that opportunities to win are rife on the app and site. Notable sports are:

• Soccer
• MLB
• NBA
• NHL
• NFL
• Golf

How We Find The Best CO Sportsbooks

In an age where the internet is overflowing with information, it can often be difficult to separate what’s true from what isn’t. That’s why we’re going to share some intricate details regarding the process in which we find, review, and rate CO sportsbooks.

It’s not all as black and white as it may seem on first viewing. We have a strict list of criteria that we refer to anytime doubts about a site creep into our minds, and today, we’ll share those important pieces of information with our readers.

As always, safety is of paramount importance. It comes before all else, especially when recommending CO sports betting sites to interested users. That’s why it’s first on our list of criteria, as you’ll find out below.

Read on for more about the process in which we review and pick the best CO sportsbooks.

Legal, Licensed & Safe

There are far too many unlicensed, unregulated sports betting operators around at the moment. Due to supposed “gray areas” in the industry, many offshore, illegal businesses feel they have the right to take advantage of unknowing customers. We’ll never review or recommend sites that operate like this.

By remaining onboard solely with licensed and legal CO sports betting sites, you’ll be assuring:

• Your details will be safe
• The games, odds, and markets are fair
• The site will be obligated to provide a helpful service

As each feature included on regulated, licensed CO sports betting sites have been rigorously tested by the relevant authorities, the likelihood of encountering serious issues drops dramatically compared to their illegal counterparts. The markets and odds found at illegal, offshore sites are not regulated, and therefore, they do not feel the need to adhere to any rules or laws set out by professional authorities.

To check if the site you plan on creating an account with is legal, licensed, and secure, look out for a badge or wording explicitly mentioning the Colorado Limited Gaming Control Commission.

Wide Range of Payment Methods

Next, we go through all the payment methods available at the CO online sports betting sites. It may not seem like a particularly big step, but the difference between sites that offer a vast array of payment options compared to those that provide very little is often underestimated.

For instance, imagine you’d created a new account with one of the best CO betting sites. Upon attempting to deposit, you are greeted with errors explaining that your method of payment is incompatible with the platform. This would obviously cause a lot of frustration, and thousands of players likely experience this daily.

To avoid such inconveniences, scroll through the sites’ list of payment methods and see if any of the most popular are permitted for use, such as:

• Visa
• Mastercard
• Online bank transfer
• Prepaid card
• Skrill
• PayPal
• PayNearMe
• E-check

On top of that, it’s crucial withdrawals can be processed without any issues. That’s why we recommend withdrawing funds using the same payment method used to deposit on the site, as most platforms support this feature.

Loads of Sports Betting Markets 

The most exciting part about signing up at any of the best CO sportsbooks is the range of sports betting markets at your disposal. For betting sites in Colorado to make it into one of our reviews, they must provide markets within all the biggest and most popular sports events.

Moreover, adding the likes of live betting and live streaming as features goes a long way to ensuring CO betting sites offer the most immersive, in-depth, and enjoyable experience possible.

Whether you’re into novelty bets or sports activities, or if you’re someone that takes it far more seriously than the average bettor, there’s undoubtedly something for you to indulge in at one of the best CO sportsbooks.

Keep an eye out for these sporting tournaments and events when sifting through the markets and options available at CO sportsbooks.

• UFC
• MLB
• NHL
• Soccer (Premier League, MLS)
• NBA
• NFL

High Betting Odds

Betting odds decide exactly how much you’ll win should your bet come good, making them a crucial element of the sports betting industry. Without betting odds, there is no way for users to wager funds on various events, resulting in, well...nothing.

Thankfully, betting odds are easy to find at all the very best CO sportsbooks. More often than not, sportsbooks try to make their betting odds as competitive as possible to fight off competition in Colorado from other websites. This is fantastic for the customer.

Let’s look at an example of why high betting odds are so important and how players can use them to their advantage.

So, you want to wager on the Knicks to beat the Hornets on Site 1, with odds at 2.5. However, you’ve done some research and found another reputable platform, Site 2. This site offers higher betting odds compared to Site 1, with the Knicks beating the Hornets at a whopping 3.0.

The end result of this is a higher payout for the user and more business for the betting site. So, it’s a win for everybody involved.

Mobile Experience & Apps

We spoke earlier about the growth of information across the internet these days. With that, technology has developed rapidly and allowed for easier ways of accessing betting sites. The best CO betting sites have downloadable apps on iOS and Android devices, some of which were mentioned at the top of this page.

When searching for a mobile platform, look for one that provides smooth transitions between desktop and iOS or Android devices. In doing so, you’ll ensure that it’s possible to easily switch from one to the other without even noticing a hiccup in performance.

We take mobile features into account before putting any of our dedicated CO sportsbook reviews on the table. CO sports betting sites with customers in mind will offer apps that can be downloaded to any of these popular pieces of hardware:

• iOS
• Android
• Desktop (Windows, Chrome)
• Tablets

Customer Support

Too often overlooked, customer support is a tremendously powerful aspect of any CO betting site. Support agents are the mouth and ears of CO sportsbooks, so it’s essential that they are helpful, mannered, informative, and keen problem solvers.

Customer support services need to be on hand at any time of the day or night. Not just that, but agents must be ready to communicate with those using mobile devices, desktop software, and tablets.

The best CO betting sites will offer the following ways to get in touch with their customer support teams:

• Live chat
• Telephone support
• Email support
• Mail
• Support ticket
• Contact forms
• Support via social media platforms

Welcome Bonuses & Existing Customer Promotions

Every single one of the best CO sports betting sites will have a terrific welcome offer open to newly registered customers. Usually only open to users that have not yet deposited or set up an account, these bonuses are extremely generous the majority of the time.

That’s why it’s helpful for avid bettors to keep an eye out for the latest and greatest in sign-up offers at CO sportsbooks. First-time customers may feel overawed by the sheer number of promotions on display, so we’ve outlined the best ones to check out if you get the opportunity.

• Welcome Bonus: Usually a match bonus, this is the most common type of sign-up offer. The website will match your deposit by a select percentage (usually 100%) up to a limit. For example, a welcome bonus showing a 100% match bonus up to $50 will credit users with an additional $50 upon their first $50 deposit.
• Reload Bonus: A fantastic option for those expecting to continue depositing on the CO sports betting site. Reload bonuses reward users when further deposits are made after the initial one, with bonuses usually ranging from 20% to 75%. 
• Free Bets: Sometimes, betting sites supply users with a few free bets to use. Although funds won from these free bets are usually not withdrawable, the cash handed out can often be used to place further wagers. 
• Enhanced Odds: There’s no need to be a newbie at a CO betting site to get involved in boosted odds. Often, they’re made available to everybody currently registered on the platform. As expected, new players will likely feel most rewarded from these bonuses - especially if their budget is low.
• No Deposit Bonuses: These appear exactly as they are! No deposit bonuses don’t require users to place funds in their account wallet, meaning they’re entirely free of risk.

The aforementioned bonuses and deals aren’t the only types of promotions available at CO sports betting sites. For more consistent users of a particular platform, there may be opportunities to join in on competitions, loyalty bonuses, daily/weekly/monthly leaderboards, and more.

We implore all players to read the terms and conditions published alongside offers displayed at any one of the sites providing legal sports betting in CO. At times, wagering requirements may need to be met within a specific time limit. On other occasions, users may not be eligible for an offer because of restrictions on a deposit method.

Live Streaming & In-Play Betting

Last but not least on our list of criteria is live streaming and in-play betting services. Starting with live streaming, this feature can be incredibly helpful to anyone without access to some lesser-known sports events or who doesn’t have a subscription to the TV channel or streaming service showing the event.

Through using live streaming services at CO sportsbooks, bettors are brought even closer than ever before to the sports action they love most. Live streaming provides more context, information, and various other barometers for users to utilize when deciding on their next wager.

In-play betting actually goes hand-in-hand with live streaming. This is because users can view the event they want to place bets on and wager while it’s underway. Unlike standard betting - which takes place prior to the event’s start - in-play betting shows regularly updated odds to stay remain in line with the current events unfolding in the game, race, or match.

How to Create an Account at CO Sportsbooks

Once you’ve chosen the sportsbook you’d like to create an account with, you’ll have completed the most difficult step of the entire process. More often than not, the way in which CO online sports betting sites let customers sign up is similar to their competitors.

This is because CO sportsbooks want to make it as easy as possible for users to experience everything they can offer. Putting hurdles in the way of players eager to create accounts on the platform would just be bad business.

After selecting the CO sports betting site, be sure to have the following information close by:

• Full name
• Address
• Email address
• Nationality & country of residence
• Date of birth
• Mobile number 
• Home address
• Username 
• Generated password

Then, choose the currency you typically use in your daily life as this makes everything that little bit easier. Opting for a currency you’re not overly familiar with may lead to confusion at times, so we generally recommend picking the one closest to home.

Now it’s time to accept the Terms and Conditions written up by the CO betting site. Although it’s tempting to skim through these pages quickly, it’s better to read each section entirely to get a good understanding of what the site can be held responsible for, what they are obligated to do, etc.

Following that step, it’s time to activate your account. You can do this by clicking the link emailed to you or texted to the registered mobile number. If neither of these options is available, there should be a code sent to you to activate the account.

The next part is the most important element of creating an account at any of the sites offering legal betting sites in Colorado: Verifying your identity.

In doing so, you’ll open the whole site up in more ways than one. By proving you are who you claim to be, CO betting sites will allow withdrawals to be processed and protects against criminals from stealing your identity and using it to sign up on the site.

Below, you’ll find everything needed to verify your identity at CO sportsbooks.

Verifying Your Identity at CO Sports Betting Sites

Before beginning the process of verifying your identity with any of the CO online sports betting platforms, it’s helpful to hold documents detailing your address and name nearby

This is because sites often ask to see the following:

• Recent utility bill (mobile phone bill, bank statement, water bill, etc)
• Credit card
• Government-approved photo ID (driving license, passport)

Admittedly, carrying out these steps can be incredibly boring. However, it’s a positive sign as it shows the desire on the bookmakers’ part to make betting on their site more secure.

By requiring that users upload photos of the documents mentioned, CO betting sites assure that:

• Underage users are protected 
• Criminals cannot use that identity
• Regulations are being followed

How to Deposit & Withdraw Money at CO Sports Betting Sites

Arguably the easiest aspect of the whole thing, processing transactions at CO online sports betting sites is necessary to get the full experience.

To get started, click on the Cashier/Banking icon. This is usually near the Account icon, although depending on the website you’re using it could be placed elsewhere.

Once you’ve made your way to the cashier area, it’s time to enter your payment method. Typically, CO sportsbooks accept the most-used methods of payment, including the likes of:

• Mastercard
• Visa
• Prepaid card
• PayNearMe
• E-check
• Cryptocurrencies (Bitcoin, Ethereum)
• Debit/credit cards
• Bank Transfers
• E-wallets

The option you’ve used to deposit funds into your account wallet is available for withdrawals most of the time. Using the same payment method for both deposits and withdrawals can speed up processing times, so we recommend checking to see if your preferred payment method is available for the two.

Keep in mind that some withdrawals could take up to five business days to clear, whereas others may come through within 24 hours. It all depends on the holding period on the website, the payment method used, and the time the transaction was initiated at. Typically, e-wallets are the quickest way to withdraw funds from CO sports betting apps and sites.

Online Sports Betting Laws in Colorado

In 2020, Colorado became the 19th state to offer legal sports betting to its residents. Since its inception, sports wagering has earned, in tax revenue, well above $500,000. This money is subsequently placed in vital sectors, such as education and resources for nature.

Today, around ten sites are providing legal sports betting in CO. With so many sportsbooks to choose from, and various markets being advertised each day, it can be difficult to grasp the ins and outs of what’s actually allowed in Colorado when it comes to sports betting.

In this section, we’ve detailed everything you need to know about the legal side of things regarding wagering on sports in the Centennial State.

Are Online Sportsbooks Legal in CO?

Three cities in Colorado host the majority of the state’s retail casinos. More than thirty are currently in operation, with every licensed venue permitted to apply for sports betting licenses - both online and in-house. 

Casinos aren’t limited to just one operator for all their sports betting business, though. By law, casinos in Colorado can have a sports betting operator working on their retail wagering and another developing their online services. If they want, casinos can have the same operator working on both mediums.

So, to answer the question of whether or not sports betting is legal in CO - yes. However, it doesn’t come without a few notable restrictions.

For one, users are not allowed to wager on eSports events. It’s not yet understood if lawmakers will become lenient towards eSports betting in the future, but we know that as of now the practice is not allowed.

On top of that, bettors cannot bet on high school sports events. This rule is far more understandable considering there will likely be minors participating in these events and as a result, this is a popular law amongst states with legalized sports gambling.

Who Regulates Colorado Sports Betting?

The Colorado Limited Gaming Commission is one of two parties that provides regulatory oversight for all things sports betting related within the state. There’s also the Colorado Division for Gaming which is the official body responsible for regulating sports betting. The two work closely to create a safer, friendlier environment for everyone partaking in sports betting.

The Division for Gaming and Colorado Limited Gaming Commission may accept proposals from the general public regarding potential rule changes. Rule changes can also be proposed from within either of the two authorities, and they are subsequently sent to an expert on the matter to put together a piece of law.

New rules will then be heard at a public hearing and, if accepted, they’ll become effective between 45 and 60 days afterward.

Other responsibilities of these regulatory bodies include ensuring the integrity of gambling in Colorado and guiding bookmakers towards becoming the best CO sportsbooks. To do this, the authority is tasked with forcing sites to follow their rules and regulations.

 To carry this out, they retain the right of beginning proceedings seeking to revoke the license of a CO sports betting site if the commissions feel that “there is probable cause to believe that the licensee, the licensee’s employees, or licensee’s agents have violated any of the provisions” within the rules and regulations. The commission may feel that the licensee is no longer suitable for licensing, and therefore, it may be left with no option but to take away its license.

Licensed & Legal CO Online Betting Sites vs Offshore Illegal Sites

Playing at licensed and legal online betting sites is always better than gambling at offshore, illegal platforms. This isn’t just because offshore sites aren’t regulated, but also since these sites and services do not have the same security features as those based domestically.

Creating an account with an offshore sports betting site puts your personal information at risk of being leaked if the app or site doesn’t have protocols in place to encrypt that data. At domestic sites offering legal sports betting in CO, such encryption is basically a requirement.

Not just that, but it’s also necessary for odds to be fair and accurate. There’s no way to guarantee that offshore sportsbooks are operating in a manner that puts fairness first as registered regulatory bodies recognized by the government aren’t in place to test their software.

Without testing, the only way to find out if the features are suitable for use by the general public is by testing them on the general public. This simply isn’t appropriate and no honorable business would operate in this way.

By remaining at legal, licensed, and regulated CO sportsbooks, your can rest assured of the following:

• You’re experiencing the best CO sportsbooks available
• You are putting safety above all else
• The markets and odds are fair for everyone

To top it all off, the customer support at offshore sites is renowned for being unreliable and at times, ill-mannered. This is because the site isn’t obligated to provide customers with a solid service as it’s not licensed, meaning there’s no reason for them to offer even the most basic level of assistance.

Remember, the best CO betting sites will always be licensed, legal, and fair. That’s why we never recommend offshore, illegal bookmakers.