11 Of The Greatest Online Sports Betting Sites in Colorado
Sports Betting Sites in Colorado are now officially live and legal, offering several sportsbooks for enthusiasts to explore. This is an unprecedented opportunity for online sports gamblers in Colorado to maximize their winnings. In late 2019, residents voted in a referendum to approve legal sports betting. Proposition DD was in a closely contested decision, opening the doors to a new legal sports betting sites era in Colorado.
On May 1, 2020, various online betting sites such as DraftKings, FanDuel, BetMGM, and BetRivers were launched. By mid-2021, more than 20 other commercial sportsbooks, along with a tribal sports betting operator, had also gone live online in the state. Moreover, three remote cities in Colorado are now home to over a dozen retail sportsbooks, ready for business. This page aims to provide comprehensive coverage of all aspects of legal Colorado sports betting,
Including The Top Sports Betting Sites in Colorado Sportsbook Apps Available
- FOX Bet
After acquiring William Hill’s sportsbook and launching a high-profile advertising campaign, Caesars Sportsbook has achieved nationwide recognition in multiple states, including Colorado. This strategic move has propelled Caesars Sportsbook to the forefront, solidifying its position as a prominent player in the industry.
Caesars presents a plethora of promotions and bonus bets. With player-friendly odds and frequent odds boosts, it’s a sportsbook that stands out. Additionally, new players can enjoy a sign-up bonus, a wide variety of sports and betting options, and an array of in-play features.
Caesars stands out with its exceptionally user-friendly layout, ensuring smooth transitions between its website on PC and its mobile app. As a United States-based company, Caesars often provides slightly more favorable odds than its US competitors.
New accounts created on the Colorado Caesars sportsbook can take advantage of the exclusive “Full Caesar” bonus. This enticing offer includes a $1,250 first bet on Caesars, 1,000 Caesars tier credits, and 1,000 Reward Credits®. Simply use the code “LINEUPSFULL” during registration to unlock this incredible opportunity.
- Has mobile apps for Android and iOS devices
- Generous sign-up bonus
- Excellent live betting features
- Quick and easy payout
- No live streaming of sports events
- Relatively limited betting markets compared to other sportsbooks on the market
BetMGM is one of the most significant players in the US online betting industry, and it has launched its services in Colorado. BetMGM has partnered with the Midnight Rose Casino in Cripple Creek, offering an impressive array of sports and individual game bets for sports enthusiasts in Colorado. The BetMGM sportsbook app can be easily downloaded from the App Store for Apple device users.
Android users can easily access the BetMGM website via their browser and follow simple instructions to download the app. Creating a free BetMGM sportsbook account is a breeze too. After completing the quick registration process, capitalize on the welcome offer.
New Colorado sports bettors can take advantage of BetMGM’s enticing offer: a $1,000 first bet opportunity. Simply complete the registration process and make a minimum deposit of $10 into your account. If your initial wager doesn’t result in a win on BetMGM, they will credit up to $1,000 back to your account. Don’t miss out on this exciting opportunity!
- Excellent mobile app for Android and iOS devices
- Generous welcome bonus offer
- Extensive range of betting markets
- No live streaming of sports events is available
PointsBet is an online and mobile sportsbook based in Australia that has launched its services in Colorado. Based in Denver but originating from Australia, PointsBet stands out among online sportsbooks in Colorado. This platform offers unique features, including boosted parlays, the “Karma Kommittee,” and its proprietary Points Betting system. With Points Betting, users can win or lose more based on the margin of victory or defeat. While this innovative system sets PointsBet apart from competitors, we strongly advise users to exercise caution. The accuracy of their wagers determines payouts and losses for customers.
PointsBet offers a wide range of betting opportunities on all major sports. The website also features an intuitive navigational system that helps you to find what you’re looking for quickly and efficiently. The PointsBet mobile app is also available for Android and iOS devices.
New customers can take advantage of their welcome bonus offer, where they will match your first deposit by 150%. Users are also eligible for their refer-a-friend bonus, which gives you $50 per friend that signs up and makes a qualifying deposit.
- Sports betting app available on Android and iOS devices
- Excellent welcome bonus offer
- Unique PointsBetting system
- Professional customer service
- PointsBetting system not recommended for new players
No live streaming of sports events is available
BetRivers, the pioneering online sportsbook in Colorado, debuted in May 2020. Since then, it has swiftly garnered a massive following among bettors in the state. Renowned for its excellence, BetRivers Colorado has climbed the ranks to become one of the finest sportsbooks in the entire country. You can easily place wagers with BetRivers through their user-friendly website or convenient mobile apps, available for download on Android and iOS devices.
The sportsbook offers endless betting markets and lines, allowing customers to place wagers on all major sports. BetRivers also provides an array of promotional offers for existing and new customers. New bettors can use a generous sign-up bonus that matches the first deposit by 100%.
Utilizing the BetRivers Colorado bonus code “LINEUPS,” you unlock a second chance bet of up to $250. This grants you the opportunity to place an initial bet of up to $250, and in the event of a loss, all losses will be promptly credited to your account. Experience the thrill of betting confidently and enjoy this generous offer’s benefits.
- Excellent sports betting features
- Generous welcome bonus and promotions
- Variety of betting markets
- Quick pay out processing
- No live streaming of sports events is available.
Barstool Sportsbook has rapidly become one of Colorado’s highly favored online sportsbooks. With Penn National Gaming’s partial acquisition of Barstool Sports, it was evident that PNG would leverage the well-known Barstool brand and its dedicated followers for their online sportsbook, establishing a solid synergy.
It provides an impressive range of betting opportunities on all major sports leagues and competitions, including NFL, NHL, MLB, NBA, UFC, PGA Tours & more. The Barstool mobile app is available for Android and iOS users, allowing easy navigation of the sportsbook’s features.
Barstool Sportsbook offers a generous welcome bonus to new customers in Colorado: they will match your first deposit by 200%. This offer doubles your bankroll and boosts your chances of finding success with your wagers.
- Customer service available 24/7
- Generous welcome bonus for new customers
- User-friendly mobile app
- Withdrawal and payouts take some time to process
BetFred Sportsbook, a renowned European sportsbook, has recently expanded its operations to the United States, focusing on Colorado. BetFred is now establishing a solid regional presence in collaboration with Saratoga Casino in Black Hawk.
BetFred offers an intoxicating range of betting markets on all major sports leagues and competitions, including NFL, NBA, MLB, NHL, and more. The website is user-friendly and easy to use with its intuitive navigational system. Mobile app users can also use BetFred’s services with a dedicated app for Android and iOS devices.
With over fifty years of experience, BetFred offers many betting options for Colorado residents and visitors. Notably, the competitive odds set them apart from other choices in the state. When it comes to great lines, BetFred stands unrivaled in Colorado.
- Has daily odds boosts
- Generous welcome bonus and promotions
- 50+ years of sportsbook experience
- Cluttered page design
FanDuel Sportsbook, one of the pioneers in mobile betting, continues to reign as one of the industry’s finest. Renowned for its highly acclaimed app, they have captured the largest market share, cementing their position at the forefront of the revenue race.
The interface boasts vibrant, eye-catching prints and logos that effortlessly outshine the lackluster designs of its competitors. A conveniently placed navigation bar at the top allows easy access to popular sports while providing a seamless way to explore ongoing promotions and bonuses.
Same-game parlays are immensely popular and stand out on FanDuel as a significant attraction. These wagers, known for their immense payout potential, have been imitated by numerous competitors. However, it can be argued that FanDuel still outshines them all, providing unparalleled transparency by displaying each bet’s payouts within the parlay. This enhances the overall experience and offers customers a clear understanding of the prices involved.
- Excellent mobile app interface
- Same-game parlays with the massive payout potential
- Transparency when displaying the payouts for each individual bet within the parlay
- Limited live streaming options
8. FOX Bet
While Fox Bet Sportsbook Colorado may not boast the same level of polish as its competitors, it certainly compensates with its strong brand presence and innovative betting promotions.
New users can kick off their gaming experience with a generous $500 Sign-Up Bonus. FOX Bet’s strategic utilization of sports network talent and enticing wagering specials, especially during football season, has positioned it as a top choice in states like New Jersey and Pennsylvania.
Colorado players can bet on MLB, NBA, NHL, NFL, MMA, NASCAR, and many more. FOX Bet also offers a wide variety of betting markets and lines to choose from, as well as in-game wagering on select sports and events. Its top features are the Cash Out and Bet Boost, two of the most attractive features in this online sportsbook.
FOX Bet is an ideal sports betting app for casual players. The site, rules, and promotions are simple, making it an excellent option for beginners.
- Generous new player bonus of up to $500
- Strategic usage of sports network talent and special wagering offers
- Simple rules and promotions, ideal for beginner players
- No live streaming of sports events is available.
When you first open the DraftKings Sportsbook app, it can feel a bit overwhelming. Buttons are scattered everywhere, and flashy ads try to entice you with recommended parlays and boosts. However, once you familiarize yourself with its functionality, DraftKings reveals a remarkably user-friendly interface.
For the best selection of sports, navigate to the “All Sports” button at the bottom menu. From there, effortlessly locate your preferred sport and the desired bet you wish to place. In the top left corner, you’ll find many relevant settings to customize your account, including the option to set responsible betting limits.
In states where betting is allowed, DraftKings is the go-to platform for finding Academy Award odds well before the Best Picture nominations are announced. Moreover, it is also the sportsbook where bettors can discover odds for the highly anticipated annual Nathan’s Hot Dog Eating contest.
DraftKings Sportsbook has established itself as a prominent player in the market, earning a well-deserved spot on any list of the top sports betting sites. Moreover, they consistently provide early access to betting odds, allowing you to seize profitable opportunities before others. Their leadership reputation is backed by their ability to deliver quality services and a lucrative betting experience.
- Early access to betting odds, allowing you to seize profitable opportunities before others
- Attractive promotions and bonuses for new and existing customers
- User-friendly interface with an array of betting options
- Limited payment and withdrawal options
For those who seek a more luxurious betting experience, look no further than WynnBet. WynnBET existed when Wynn Resorts acquired European operator BetBull in November 2020. This acquisition led to the establishment of Wynn Interactive, with Wynn Resorts holding a 71% stake while the remaining 29% went to BetBull’s former shareholders. The strategic intention behind this move was to leverage BetBull’s expertise to establish a prominent U.S. sportsbook brand capable of competing with industry giants like BetMGM Sports, FanDuel, Caesars Sports, and DraftKings.
In December 2020, Colorado became the second state to introduce the WynnBET sportsbook app. This milestone was achieved through partnering with Bronco Billy’s Casino in Cripple Creek, leveraging their master license. Colorado sports enthusiasts now have the opportunity to enjoy a range of WynnBET promo code offers, including the enticing WynnBET welcome bonus – Bet $100, Get $100. Notably, WynnBET proudly serves as the official sponsor of the Colorado Rockies.
The mobile app offers an excellent interface featuring a highly responsive design and bright visuals. Players can access sports betting markets from the football, basketball, baseball, soccer, auto racing, golf, and hockey leagues in domestic and international countries. The navigation bar at the top is conveniently placed for easy access to popular sports while providing a seamless way to explore ongoing promotions and bonuses.
- Luxurious betting experience
- Attractive welcome bonus – Bet $100, Get $100
- Highly responsive mobile app interface with smooth navigation
- No live streaming of sports events is available.
Bet365, a prominent player in the global sports betting industry, has recently set its sights on the burgeoning U.S. market, positioning itself for success. In Colorado, bet365 partners with the Saratoga Casino Black Hawk, leveraging their master license to offer online sports betting.
The sportsbook offers various popular sports markets such as NFL football, NBA basketball, NHL hockey, and MLS soccer. It also features betting lines for significant events like golf’s Masters Tournament and horse racing’s Triple Crown races.
With a layout similar to many popular betting apps, bet365 stands out with its quick navigation to a wide range of sports. Its unmistakable international flair sets it apart, offering sports like snooker, darts, and cricket in the limelight. If you’re a fan of what some might consider niche sports, bet365 has covered you with a dedicated market.
Bet365 may declare a money line bet as a winner, depending on the sport, before the game ends. This happens if the team you wagered on builds a substantial lead. In the case of MLB games, the early payout occurs when the team you bet on goes up by five runs.
The sign-up bonus is undeniably the most user-friendly aspect of the bet365 experience, especially appealing to new bettors and those with limited bankrolls. By placing a minimal $1 wager, you can receive an impressive $200 in bonus bets, an unmatched ratio in the industry. This enticing offer is available in Colorado, Iowa, New Jersey, Ohio, and Virginia.
- Money line bets can declared a winner before the game ends in certain sports
- Compelling sign-up bonus of $200 in bonus bets with a minimal $1 wager
- Wide selection of niche sports markets and international flair.
- No live streaming of sports events is available.
When Did Sports Betting Sites in Colorado Got Legalized
Colorado’s online sports betting market took off in 2020, giving rise to over two dozen betting apps in the state. Thanks to a sports wagering law that fosters intense competition, Colorado now boasts an ultra-competitive marketplace for sports enthusiasts to engage with.
While mobile and in-person wagering is allowed, online betting reigns supreme among Colorado sports bettors, accounting for over 95% of all sports wagers in the Centennial State. This dominance is a testament to the convenience and popularity of online platforms in capturing the majority of betting activity.
The legalization of sports betting in Colorado occurred in May 2020, when Governor Jared Polis signed House Bill 19-1327. Although the legislation is robust in its scope, it also restricts sports betting to those over 21 years old and residing within Colorado’s borders. Before this, sports betting was illegal in the state, except for three tribal casinos.
What is Sports Betting?
Sports betting is wagering money on the outcome of sporting events like basketball, football, baseball, hockey, and other sports. This form of gambling includes predicting a winner and backing up your prediction with an amount of money you are willing to risk.
It’s important to note that sports betting does not always involve predicting the winner of a game. Bets can also be placed on who will score the first goal, who will win a boxing match by decision or knockout, or even how many points a team will win in football.
Sports betting differs from traditional casino games like poker, blackjack, and slots. Instead of relying on luck, bettors can use their knowledge of a particular sport to make informed decisions on what they think will happen in the game. This makes sports betting a great way for knowledgeable sports experts to test their intuition and increase their odds of winning money.
What Does Pay Per Head Mean in Sports Betting?
Pay Per Head (PPH) is a service that provides sportsbooks with the necessary technology and tools to manage their business operations. This includes software for running odds, tracking the money wagered on each game, providing customer service, and more.
PPH services are typically provided by companies that specialize in this field. The sportsbook pays the PPH company a fee in return for this service. This fee is usually calculated on a per-customer or per-transaction basis.
Pay Per Head services allow sportsbooks to manage their business more efficiently and offer customers a wide range of betting options. By leveraging such services, businesses can provide better customer experience while reducing costs associated with running the operations.
With the help of PPH services, sportsbooks can quickly and easily offer their customers live betting, straight bets, parlays, futures bets, and more. This makes it easier for sports bettors to find the perfect bet they are looking for and get in on the action faster. It also ensures that all wagers are tracked accurately, and the payout is made promptly when a bettor wins.
How is Sports Betting Different From Casino Gambling?
Sports betting and casino gambling are similar in that they both involve wagering money on the outcome of an event. However, these two types of gambling have distinct differences and advantages.
The most apparent difference between sports betting and casino gambling is the type of games they offer. Sports betting involves predicting the outcome of various sporting events with real-time odds, while casino gambling includes traditional games like slots, blackjack, and poker.
Sports betting also offers more options for wagering than casino gambling
While many sportsbooks offer straight bets on a game’s spread or money line, others also provide parlays, prop bets, teasers, and futures betting. On the other hand, most casinos only allow players to bet on select games, such as slots and table games.
Additionally, the tax implications of sports betting are different from those of casino gambling. While winnings from casino gambling are taxable, any money won through sports betting is not subject to taxes. On the other hand, states may collect various fees related to sports wagering operations, such as licensing fees and taxes on revenue.
Finally, the money that can be won through sports betting is typically greater than the winnings from casino gambling. Sports bettors can take advantage of promotions and bonuses offered by sportsbooks to increase their profits, though these are not available with traditional casino games.
What Sports Can You Bet Online?
Sports betting in Colorado encompasses many prominent professional and college sports, allowing sports enthusiasts to place their wagers. The sports available at Colorado betting sites include:
- Football – The NFL, college football, Arena Football League, and other minor leagues are all included in Colorado sports betting.
- Basketball – The NBA, the NCAA’s March Madness, and numerous international leagues can be wagered on.
- Baseball – Major League Baseball (MLB), Triple-A Baseball, Minor League Baseball, and other international leagues are all offered.
- Hockey – The NHL, the American Hockey League (AHL), and international hockey leagues can all be wagered on.
- Soccer – Major soccer leagues worldwide, such as the English Premier League and LaLiga Santander, can be wagered on in Colorado sports betting.
- Tennis – Major tennis tournaments such as the US Open, French Open, and Australian Open are offered.
- Combat Sports – Boxing, UFC, and other mixed martial arts events can be bet on in Colorado.
- Golf – Major golf tournaments such as The Masters, PGA Tour events, and European Tour events are available for betting in the state.
- Auto Racing – Numerous NASCAR races, Formula 1 Grand Prix, IndyCar Series events, and more are offered.
In Colorado, live betting and prop bets are not allowed for college sports. However, bettors can still place game wagers on the Colorado Buffaloes and Colorado State Rams games. The professional teams in the state, including the Denver Broncos, Denver Nuggets, Colorado Rockies, Colorado Avalanche, and Colorado Rapids, do not impose any limitations on betting.
What age is Allowed to Use Sports Betting Sites In Colorado?
Colorado sports betting is restricted to those 21 or older who reside within the state’s borders. It is illegal for anyone younger than 21 to place a bet on any sports event, regardless of whether it is online or in person. Violators can be subject to fines and criminal prosecution. When registering for a sports betting site, new players may be asked to present personal identification to confirm their age.
What are the Types of Bets in Colorado Sports Betting
Colorado offers a variety of different betting options that are available for its customers. These include:
- Parlay – Parlay bets are a thrilling form of wagering that involves placing a single bet on multiple games. However, there’s a catch: all your chosen selections must emerge victorious to claim your winnings. The beauty of parlay bets lies in their potential for higher odds and more significant payouts. For instance, a three-team parlay with odds at -110 could yield a handsome payout of close to +600, while a four-teamer could offer even more enticing odds, closer to +1200. Just imagine the thrill of turning a $100 winning bet into a remarkable $1,200 profit!
- Point spread – Teams are designated as favorites or underdogs based on the number of points or goals they are expected to win by. Bettors can select the favorite or underdog based on the corresponding betting odds. The spread is used to level the playing field, ensuring that both teams carry equal risk. This type of bet is widely popular for football and basketball games.
- Moneyline – When placing a bet on a game, you’ll find odds set by the Colorado Sportsbook. There won’t be a point spread, but the odds will be adjusted based on the favored team. For instance, if the Nuggets are favorites at -150 against the Suns, you’d need to bet $150 to make a $100 profit on a Denver win. On the other hand, as the underdog at +130, Phoenix would require a $100 bet to yield a $130 profit. This type of wager is commonly used in MLB and NHL betting.
- Futures – A futures bet is a wager placed on a team or player, with the outcome to be determined later. For instance, you can bet on a team to win the Super Bowl before or during the NFL season or on a golfer to win the Masters before the tournament commences. Futures bets offer an exciting opportunity to speculate on future sports outcomes, adding anticipation and thrill to the betting experience.
- Over/Unders – Referred to as the total, this type of wager involves predicting the number of points or goals scored in a game. You have the option to choose either Over or Under the line.
- Prop Bet – A prop bet involves wagering on specific events within a game that is independent of the game’s outcome. For instance, a Colorado sports betting site might offer a player prop such as the Over/Under on LeBron James’ points in a game. Additionally, a team prop bet could be as straightforward as predicting which team will score first in the Sunday game between the Chiefs and Broncos.
- In-game – Live betting, also known as in-game betting, provides many options for wagering while a game is in progress. The possibilities are endless, from prop bets on players in real-time to fluctuations in point spreads, or even predicting the number of runs scored in an inning of an MLB game. Online Colorado sportsbooks utilize sophisticated computer algorithms to determine in-game wagering odds, ensuring bettors a fast-paced and exciting experience.
- Teasers – Teaser wagers allow bettors to adjust the point spread in a game, albeit at the cost of reduced odds. These types of bets are commonly used in parlays. For instance, let’s consider a matchup between the Denver Broncos and the Los Angeles Chargers. In a 6-point teaser, the bettor can choose the Broncos at -1 or the Chargers at +13. The magnitude of the odds reduction is contingent upon the number of points teased.
- Round Robin – Similar to a parlay bet, a round-robin bet provides an alternative where not all of your selections need to win. Let’s say you choose three MLB teams to win on a given night; this allows you to create three separate two-team parlays. The round-robin bet is less risky and offers a lower reward than traditional parlays.
How Much Tax is Included in Sports Betting Sites in Colorado?
States that have legalized sports betting levy taxes on gambling winnings, with tax rates varying from 6.75% to 51%. Any winnings obtained through gambling are subject to taxation and should be disclosed on your tax return. In Colorado, sports betting winnings are subject to a 2.2% state tax rate. This applies to all forms of gambling, including sports betting, casino games, horse racing, fantasy sports, and more. The proceeds from this tax rate are partly used to support community-based programs such as substance abuse treatment and mental health services throughout the state.
What Are the Advantages of Sports Betting Sites in Colorado?
Legal sports betting in Colorado offers numerous advantages compared to its illegal counterparts. Using a regulated platform gives you access to specific rights and protections that are absent when dealing with rogue bookies. Moreover, in a dispute between you and the operator, you have a voice and can effectively address the issue. Here are some of the best benefits of sports betting in Colorado.
- Player Protections – As per state regulations, operators must offer self-exclusion options to individuals at risk of gambling-related harm. If desired, you can be included on a list, which will result in being denied access to all legally authorized sportsbooks.
- Paper Trail – When you successfully win money through legal sports betting, the operator will provide you with the necessary documentation. This documentation proves invaluable when filing your taxes and clarifying your gambling income.
- Legal Gaming – Engaging in activities on unlicensed websites can potentially lead to illegal actions, resulting in undesirable financial penalties. Adhering to regulated companies can avoid such consequences and ensure a safer and more secure experience.
- Reliable – Reputable gambling sites are operated by large corporations with robust funding and reliable infrastructure. In contrast, rogue sites are less dependable and stable and can cease to exist unpredictably.
- Regulated -All legal gambling activities are regulated by state authorities. This ensures the operator will not deceive you regarding your winnings, as the state has verified the software. Rest assured that your winnings are protected.
What Are the Disadvantages of Sports Betting Sites in Colorado?
While sports betting in Colorado has numerous advantages, there are also some drawbacks.
- Taxation – Colorado imposes a 2.2% tax on sports betting winnings, which can be quite substantial when your payouts exceed a certain amount. This could significantly reduce the return from bets, depending on the size of your wagers.
- Time and Effort – Signing up for online sportsbooks requires some work up front, including verifying personal information and choosing appropriate payment methods. This can be time-consuming, as you must go through several steps before being able to bet on sports.
- Age Restrictions – Colorado has strict laws on online gambling, which specify that all players must be 21 or older. Trying to access any betting site without meeting the eligibility requirements may result in a ban from the operator.
- Misinformation – Much misinformation is available online with the influx of online betting. Conduct your own research and double-check any information before relying on it. Additionally, do not rely solely on rumors or hearsay regarding sports betting in Colorado.
- Limitations – Depending on the jurisdiction of your state, certain types of sports betting may be prohibited or limited. For example, Colorado does not allow bets on collegiate games that involve in-state teams. Additionally, specific wagers may not be available for certain events or leagues. Before betting, check with your online sportsbook for applicable limitations or restrictions.
What Are the Payment Methods Available in Sports Betting Sites in Colorado?
Not all online Colorado sportsbooks offer the same range of options. Most accept Play+, credit and debit cards, e-checks, and prepaid cards. Additionally, PayPal, Neteller, and other e-wallets are frequently accepted, providing a convenient alternative to credit and debit cards that may incur bank fees.
- Play+ – This virtual prepaid card, designed specifically for online casinos and sportsbooks, offers a convenient way to fund your account and make instant deposits or withdrawals while playing online. You can easily manage your funds by linking it to your credit card or bank account. Applying for the card is a breeze, as most Colorado online sportsbooks allow you to do so directly from your account page. Plus, you can conveniently withdraw your winnings from participating ATMs.
- PayPal – PayPal offers a seamless way to transfer funds from your PayPal account to an online sportsbook account. Setting up a PayPal account is easy and can be funded using a credit or debit card. Experience the simplicity and convenience of PayPal for all your online transactions.
- E-wallets – CO online sportsbooks offer convenient online accounts for securely storing bank or credit card information, facilitating easy deposits. You can choose from various e-wallet options, with PayPal and Neteller being famous examples. These e-wallets provide a secure and efficient way to manage your funds.
- Credit cards/Debit cards – Nearly all Colorado online sportsbooks say they accept debit and credit cards, but not all cards will allow transactions with online casinos and sportsbooks. Even if legal in your jurisdiction, some banks and financial institutions incorrectly flag the payments. When they do work, funds immediately transfer to quick play. Some credit and debit cards may also add fees, treating the transaction as a cash advance.
- Bank transfer/ACH – Transfers enable the Colorado Sportsbook to establish a direct link with a player’s checking account, facilitating immediate transactions. This widely accepted practice ensures easy reloading of your account when needed, providing a seamless user experience.
- PayNearMe – You can make deposits without needing a bank account. Players can fund their accounts with cash at 7-Elevens, CVS pharmacies, and Family Dollar stores.
What Promotions Do Online Sports Betting Sites in Colorado Companies Offer?
With numerous Colorado betting sites currently available and many more on the horizon, much competition is vying for your sports betting patronage. Virtually all Colorado sports betting platforms extend various sportsbook promotions, particularly tailored for first-time customers in Colorado. Here are the varieties of sportsbook promotions available in Colorado.
- First-time deposit – One of the most popular offerings for new customers is the deposit bonus. Once you make an initial deposit, the operator will promptly add a full or partial amount to your bankroll, instantly boosting your funds. However, remember that this bonus amount must be wagered within a specified timeframe. Additionally, some Colorado sportsbooks may also provide reload bonuses for existing accounts. Carefully review the terms and conditions before taking advantage of these offers.
- Loyalty and Rewards programs – Rewards programs have become commonplace, providing enticing benefits to frequent bettors. These perks can range from cash rewards to exclusive travel and hotel privileges.
- Risk-free bet – A favorite among new Colorado sports betting accounts is the opportunity to place your first bet risk-free. The Colorado betting site will reimburse your account if you lose, ensuring you are not at a loss.
- Parlay insurance – If you play a four-team parlay, you can place insurance on it to get your bet refunded if it fails to hit. Three of your teams must hit, and big favorites are excluded.
- Odds boost – Odds boosts are gaining popularity among major US sports betting websites, providing enhanced odds on specific teams compared to the usual offerings. For instance, if the Colorado Rockies are listed at +200 in a game against the Los Angeles Dodgers, betting sites in Colorado might elevate the odds to +250 for those wagering on the Rockies.
Are Sports Betting sites in Colorado Legal?
Yes. In 2019, Colorado voters granted their approval for both online and in-person sports betting through a referendum. On May 1, 2020, the sports betting scene in Colorado sprung to life, with BetMGM, DraftKings, and BetRivers leading the charge as the first platforms to take off.
The Colorado Limited Gaming Control Commission and the Colorado Division of Gaming oversee Colorado sports betting. The Commission, consisting of five members, establishes regulations on taxes, fees, and responsible gaming guidelines. Additionally, it enforces statutes and manages the statewide licensing process. By law, the Commission convenes at least once a month to fulfill its obligations.
Can You Bet on Politics in Colorado with Sports Betting?
Yes. Political betting is legal in Colorado and available in most sportsbooks, including the DraftKings Sportsbook. You can find a variety of wagers, such as Presidential election results (including Electoral College totals), individual state gubernatorial results, and even propositions on specific issues. Political betting has grown in popularity recently, with many people finding more excellent entertainment value in predicting the outcome of political events than sports games.
Can You Bet on Esports in Colorado with Sports Betting?
Yes. Esports betting has become one of the most popular forms of wagering among Colorado bettors, with numerous online sportsbooks offering a variety of esports bets. Some common esports leagues found at Colorado betting sites include League Of Legends (LoL), Counter-Strike: Global Offensive (CSGO), Dota 2, and Overwatch. Whether you are into battle royale games or MOBA titles, you can find all the action within Colorado sportsbooks. Whatever your preference, there is undoubtedly something for everyone in esports betting.
What is the Population of Colorado?
According to estimates from the US Census Bureau, Colorado is home to a population of 5.8 million people. Of those, the majority (84%) live in urban areas, while the other 16% reside in rural communities throughout the state. Denver is the most populous city in Colorado, with an estimated 693,000 citizens living within its boundaries.
How to Become a Bookie in Colorado?
Becoming a bookie in Colorado requires all applicants to obtain a Colorado Limited Gaming Control Commission license. The process is highly competitive, with applicants needing to complete numerous steps before being eligible for consideration. Here’s how to become a bookie and start your own sports betting biz in Colorado.
- Submitting a completed application packet with supporting documents such as financial records and business plans
- Undergoing an extensive background check,
- Obtaining a $100,000 surety bond issued by an approved Colorado insurer.
- Attending an approved Colorado Limited Gaming Control Commission training class
- Paying the $5,000 application fee
What is a Bookie in Colorado?
A bookie or a sportsbook operator runs and manages a sports betting site or business in Colorado. In most cases, bookies act as intermediaries between bettors and sportsbooks, taking customer bets and calculating payouts. Bookies can operate online or in person by setting up a physical bookmaking location at an approved gambling establishment. To become a bookie in Colorado, you must obtain the necessary license issued by the Colorado Limited Gaming Control Commission.
Colorado has become one of the most progressive states in liberalizing its gambling laws, allowing for increased opportunities for bookies to make a living. However, this does not come without risks. Bookies manage customer funds responsibly and keep tabs on their daily operations. As a result of it, it must be prepared to handle customer complaints or disputes reasonably and promptly. Licensing and proper regulations ensure bookies can operate safely and effectively within Colorado.