Colorado sports betting is a thriving ecosystem with new entrants emerging all the time. There are 13 live online sportsbooks in Colorado at the time of this writing, and over a dozen more sportsbook licenses up for grabs. The Colorado Limited Gaming Commission still has plenty of room to grow Colorado’s sportsbook industry, which got an impressive start out of the gate in its first months in business.
Most of Colorado’s sportsbooks are either standalone companies or the result of casino partnerships. DraftKings, FanDuel, and William Hill are companies whose core businesses are sportsbooks. However, Colorado’s homegrown casinos want in on the red-hot sports betting industry, too. Many have either partnered with sportsbook companies or developed their own. BetMonarch is one such sportsbook app that’s wholly owned and developed by Monarch Casino. Another is Sky Ute SportsBook, the first tribal-run sportsbook to launch in the state.
Online sports betting has taken off like a rocket in Colorado. That may be because it’s the safest betting option in the social distancing age. However, Colorado’s online sportsbooks are competitive choices for bettors’ funds. Here’s everything bettors need to know about them.
Colorado Online Sports Betting Sites for October 2020
|Colorado Online Sportsbook||Deposit Bonus||Launch Date||Visit Site|
|BetRivers||100% up to $250||May 1||Visit BetRivers|
|DraftKings Sportsbook||$500 Risk-Free Bet + 20% up to $500||May 1||Visit Draftkings Sportsbook|
|BetMGM||$500 Risk-Free Bet||May 1||Visit BetMGM Sportsbook|
|SportsBetting.com||$1,000 Risk-Free Week||September 13||Visit SportsBetting.com|
|FanDuel Sportsbook||$500 Risk-Free Bet||May 1|
|FoxBet||$500 Risk-Free Bet; $10 Bonus Bet for Broncos betting||May 19|
|SBK Sportsbook||$20 Risk-Free Bet||June 4|
|Sky Ute Sportsbook||-||June 9|
|Circa Sports||-||July 1|
|Elite Sportsbook||50% up to $500, $500 Risk-Free Bet||August 14|
|theScore Bet||$100 Free Bet, Up to $1k Cash Back bets in 60 days||September 2|
|BetFred Sports||$500 Risk-Free Bet||September 8|
|William Hill||$500 Risk-Free Bet||September 8|
Pro sports got off to a late start this year due to the pandemic, and Colorado has mostly reopened since the March stay-at-home orders were rescinded. But even the lack of professional sports and the pandemic couldn’t deter Colorado from opening its first legal sportsbooks on May 1, or the bettors from flocking the newly launched sites and apps.
The launch of online sports betting in Colorado took some navigating, as officials grappled with the fallout from coronavirus. At the time of launch, there were few sports to bet on, but the market has done very well in the first months, even with bettors at first confined to wagering mostly on golf or table tennis. Here are the online sportsbooks who’ve secured partnerships in Colorado so far.
Colorado Online Sportsbooks (Ranked by our Editors)
Bonus: 100% up to $250 on deposit
Retail Partner: J.P. McGills
BetRivers is owned by Rush Street Interactive, which makes iGaming platforms in addition to its sportsbook offering. One of BetRivers’ differentiators is its extensive rewards system, which start at the basic level but top off at the “luxury” rewards for higher-tier wagers.
Retail Partner: Mardi Gras Casino
DraftKings Sportsbook is one of the top US brands in sports betting, and it’s open for business for sports bettors in Colorado. Its variety of sports and lines are almost unmatched, and it offers some unique betting opportunities like teasers and parlays. It also has frequent bonuses and promotions.
Bonus: $500 Risk-Free Bet
Retail Partner: Midnight Rose
MGM is a premier name in gambling and entertainment, and its sports betting app BetMGM is available to CO sports bettors. BetMGM currently operates in Colorado, Indiana, New Jersey, and West Virginia.
Bonus: $500 Risk-Free Bet
Retail Partner: Golden Gates Casino
Once known only for fantasy sports, FanDuel Sportsbook is all grown up, serving CO sports bettors 24 hours a day. FanDuel Sportsbooks has lines on MLB, NFL, NHL, and NBA, along with all kinds of other sports and events, both niche and mainstream. It has bets on the spread, the moneyline, halves and quarters of select games, and the over/under, and offers highly competitive odds in the CO sports betting landscape.
Retail Partner: Monarch Casino
Monarch Casino in Black Hawk launched BetMonarch in May 2020, the first fully in-house sportsbook in the state developed by a casino. It offers the sports and leagues you’d expect lines on, but it also has an advantage many other sportsbooks don’t: BetMonarch rewards points players accumulate through their play can earn free hotel stays, meals, and more.
Retail Partner: Eldorado Resorts (Caesars Entertainment)
Fox Bet’s local gaming partner is the Lady Luck Casino in Black Hawk, owned by Eldorado Resorts, which recently acquired gaming giant Caesars Entertainment, as well as the Isle Casino. Fox Bet has some solid bonus offers, including a $1,000 sign-up bonus ($500 risk-free bet + 100% match bonus of up to $500). In addition to the standard slate of sports to bet on, Fox Bet offers a wide range of betting boost, which are riskier, but could be lucrative wagers for lucky bettors.
Retail Partner: Christmas Casino*
SBK Sportsbook by Smarkets has a different approach to setting odds from most sportsbooks. Rather than making its money tilting the odds in its favor, SBK charges a 2% commission on bettors’ net winnings. The odds are then created as a consensus is slowly reached among where bettors are putting their money. SBK is a bit light on welcome bonuses, but it does offer a refund of the first $20 in lost bets over multiple bets.
Retail Partner: Sky Ute Casino
The launch of Sky Ute SportsBook made a bit of history for Colorado sports betting as the first tribal-owned casino in the state to launch its own sportsbook. Being on tribal lands, Sky Ute isn’t beholden to Colorado state laws governing odds, so they say their lines are some of the best in the state. Bettors can fund an account and start betting with just $25.
Retail Partner: Century Casinos
Circa Sports, a Las Vegas-based sports wagering operator, was the first partnership agreement struck by Century Casinos, which operates two eponymous casinos in Colorado, one in Black Hawk, the other in Cripple Creek. Circa Sports is partnered with the Cripple Creek location, so that’s where eventual Circa-branded kiosks and windows will most likely be located. Circa offers multiple deposit and withdraw options, and has some of the best odds on favorite to win bets of any CO sportsbook.
Retail Partner: Wildwood Casino
Cripple Creek’s first retail sportsbook, Woody’s at Wildwood, was also the first self-launched app by a casino in Colorado’s southern gambling resort town. BetWildwood offers sports bettors moneyline and spread bets on a variety of sports, and has live in-game betting for many. There are numerous deposit/withdrawal options, and it offers new members a $50 free bet.
Retail Partner: Red Dolly Casino
ELITE Sportsbook was the 11th sportsbook to launch in Colorado. Bettors can start placing wagers on its website or through the app right now. ELITE Sportsbook offers bettors a variety of prop bets and parlays, and promotions will be available, including a sign-up bonus worth up to $1,000 in free bets. The company says it will be the only sportsbook in the state to offer a progressive parlay.
Retail Partner: Jacobs Entertainment
theScore bet is a popular sports betting platform that launched in Colorado in September through its partnership with Jacobs Entertainment, which owns and operates the Lodge Casino and Gilpin Casino, both in Black Hawk. theScore debuted in New Jersey in 2019, the first ever sportsbook launched by a North American Media company, Score Media.
Retail Partner: Saratoga Casino
Betfred, a major player in the United Kingdom sports betting market, expanded into the US in 2020, with the first Betfred USA sportsbook opening at Iowa’s Grand Falls Casino. The brand’s second US location is Colorado. Saratoga Casino has partnered with Betfred USA for its sports betting platform. Betfred operates more than 1,500 locations in the UK. Betfred’s sportsbook was the very first retail window to open in Colorado, giving it a first-mover advantage.
Retail Partner: Eldorado Resorts (Caesars Entertainment)
UK-headquartered William Hill is one of the biggest and most widely available sportsbooks in the U.S. Partnered locally with Eldorado Resorts (now Caesars Entertainment), William Hill kiosks have been available in Black Hawk since July, but the app didn’t launch until Sept. 8. New sign-ups can get up to a $500 risk-free bet with our exclusive link.
SportsBetting.com is so-far a web-only play, with no app yet announced. One thing that sets it apart is its welcome bonus. Rather than giving players a single free bet of up to $500, SportsBetting.com gives players an entire week of bets, refunding up to $500 in lost bets over that time. Unlock this promotion using our exclusive link right here.
Retail Partner: Double Eagle Casino
Australian-owned PointsBet is mobile gaming partner of Double Eagle Casino in Cripple Creek. PointsBet was one of the first sports wagering companies to announce its intentions to operate in Colorado and was awarded an online license March 19. Pointsbet offers a unique winnings boost if your team wins big, called PointsBetting, offering multipliers for winning wagers based on the number of points a team wins a game. PointsBet also has a partnership with Koenke Sports & Entertainment to be the exclusive gaming partner of the Avalanche, Nuggets, Colorado Mammoth, and the Pepsi Center itself.
Penn National (Barstool Sports)
Retail Partner: Ameristar Casino
Penn National, which operates the Ameristar Casino Black Hawk, has brought its Barstool Sports sportsbook brand to Colorado and soon will open branded retail sportsbook windows at Ameristar, the largest casino in the state. Ameristar soft-launched a self-branded sportsbook this summer, so bettors can place bets in person for now until the Barstool Sports app launches.
Twin River Worldwide Holdings
Two of the biggest names in mobile sports betting will come to Colorado via Twin River Worldwide Holdings, which has been awarded three master licenses from the CLGCC.
Twin River (operating as Premier Entertainment Black Hawk in Colorado), has announced partnerships with both FanDuel Sportsbook and DraftKings Sportsbook, the two companies leading the market so far in open mobile sports betting markets in the U.S.
Three Colorado land-based casinos (Golden Gates, Golden Gulch and Mardi Gras) were purchased by Twin River in January, with the intent of using those properties in partnership with FanDuel and DraftKings to bring sports betting to Colorado.
Online Sports Betting Partnerships
|Online Sportsbook||Casino Partner||Colorado Casino Owner|
|PointsBet||Double Eagle||Double Eagle|
|BetAmerica||Bronco Billy's||Full House Resorts|
|Barstool Sports||Ameristar||Penn National Gaming|
|Twin River||Golden Mardi Gras||Twin River Worldwide Holdings|
|Bronco Sportsbook||Bronco Billy's||Full House Resorts|
|Wynn||Bronco Billy's||Full House Resorts|
|SuperBook||The Lodge||Jacobs Entertainment|
|SportsBetting.com||Johnny Nolon's||Carousel Group|
|Bet365||Century Casino, Cripple Creek||Century Casinos|
|IGT PlaySports||Wild Card Saloon, Sasquatch Casino||Ed and Shirley's Inc.|
|ISI||Colorado Grande, Cripple Creek||G Investments LLC.|
Guide To Betting Online In Colorado
Although Colorado’s sportsbooks are each uniquely branded, there are similarities between each sportsbook. Here are a few things bettors can expect no matter where they wager.
Common Sportsbook Bonuses
When bettors create sportsbook accounts, they’re often offered welcome bonuses. These bonuses incentivize bettors to place wagers and continue placing bets long after the first one is settled. The most common bonuses in Colorado are deposit bonuses and risk-free bets.
Deposit bonuses usually require bettors to deposit funds into their accounts. (There are also deposit bonuses that award site credits upon signup, but they’re usually tiny–less than $50.) Most deposit bonuses will match bettor deposits at a certain rate. For example, Fox Bet has a 50% deposit rate. That means for every $2 bettors deposit, Fox Bet will give a bettor $1 in site credits. That allows bettors to deposit at their own pace and place larger bets with less risk.
However, these deposit bonuses usually max out at $250 to $500. Sportsbooks can’t award site credits indefinitely.
Many sportsbooks also offer risk-free bets. They’re bets that get refunded if bettors lose a bet. FanDuel offers a risk-free bet of up to $500. If a bettor’s first wager is $500 and it loses, then that bettor will get $500 back in site credits. However, the risk-free bet is only good for the first bet. So, a $50 that loses would only get $50 of site credits back. Risk-free bets are popular choices for sportsbooks to offer, but they don’t allow bettors to wager at their own paces like deposit bonuses.
Colorado Teams That Can And Can’t Be Bet On
There are many different sports to bet on, but Coloradans have their favorite teams. The Broncos will have lines available during the NFL season. They’ll have moneylines and point spreads ripe for enthusiastic betting. There are plenty of prop bets and futures that’ll be available on the Broncos, too.
A Colorado list of teams wouldn’t be complete without the other three main sports, though. The Colorado Rockies, Colorado Avalanche, and the Denver Nuggets are huge draws for sports fans across the state. All of them are fair game for sports betting, too.
College teams are fair game for certain types of bets, too. The Colorado Buffaloes are one of Colorado’s most popular teams, whether it’s CU’s football or basketball teams. Bettors will have the standard moneylines, spreads, and futures available as the professional teams offer.
However, Colorado sportsbooks won’t offer prop bets on college games. Colorado’s Division of Gaming prohibits prop bets on college games. It likely arises from a compromise with the NCAA, which is adamantly opposed to sports betting. Bettors shouldn’t be surprised when they don’t find sports betting on college teams.
What Is The Status Of Esports In Colorado?
Colorado not only allows esports betting. It also counts esports among its authorized sports catalog. The Division of Gaming’s rules stipulate that the Division will regulate sports and bets. That way, no one can make up a sport or bet that cons bettors out of their money. Sports matches must have clear, consistent rules to ensure bettors can understand how their wager will play out throughout the game. Bets must have similarly clear rules. Otherwise, sports betting wouldn’t be fair to bettors.
Sportsbooks Coming Soon To Colorado
There are two sportsbooks that are in other states but could come to Colorado next. The first one is Golden Nugget. It’s available in New Jersey, but it doesn’t have a partnership in Colorado yet. The second is Parx. It has an online casino and sportsbook in Pennsylvania, another prominent sports betting state.
However, the full list is anyone’s guess. There will likely be 20 online sportsbooks in Colorado by the time everyone arrives. That gives Colorado’s online sportsbook market to double.
Legal Vs Illegal Sports Betting In Colorado
Sports betting used to be an illegal activity in all but four states. Sports bettors’ only options were illegal sportsbooks and bookies. If there was a bookie or website that bettors created relationships with, it could be hard for some of them to leave. However, legal sports betting sites are superior to illegal sites.
Legal sportsbooks are required to have a cash reserve so it can pay its winning bets out. Think about what happens if an underdog with long odds comes through. A futures bet with +5,000 odds will drain a sportsbook’s cash reserve quickly. Licensed sportsbooks have a formula set by the Colorado Division of Gaming to determine how much cash to have on hand.
In contrast, local bookies may not have that kind of cash on hand. They could be collecting bets informally at the bar with a makeshift business. In that case, there’s nothing stopping them from pocketing bettor money. Even if they’re reliable, they may get stretched too thin and be unable to pay out winnings. If that happens, bettors have no legal recourse because betting with a bookie is illegal in Colorado. They’re stuck without their winnings.
The worst-case scenario is a bookie that works for a crime syndicate. Your bookie may be cool, but his employers may come after bettors who bet on credit and don’t repay their debts. Bettors in good standing may also fund human and drug trafficking unknowingly. Licensed sportsbooks’ transparency ensures bettors don’t fall into these traps.
How Do I Know Online Sportsbooks Are Fair?
Online sportsbooks aren’t all shady offshore websites. However, new bettors may struggle to tell the difference between the two. Here’s how bettors can know they’re betting at a legitimate company.
Who Regulates Legal Online Sportsbooks?
The Colorado Division of Gaming regulates all the sportsbooks in Colorado. It’s a government agency that awards licenses, establishes rules, and enforces industry guidelines. The Division of Gaming also has resources for sports betting operators and customers alike, creating a transparent environment for all industry players.
Before sportsbooks are licensed, the Division of Gaming thoroughly examines each applicant. That includes financial statements, background checks, and a complete record of lawsuits the applicant was involved in. And if a sportsbook doesn’t pay out winnings, the Division of Gaming is a bettor’s next stop. It has processes in place to keep sports betting safe and fair across the board.
Why Should I Trust Online Sportsbooks?
Before they go live, online sportsbooks submit to a security audit. It ensures the sportsbook can protect sensitive bettor information. The sportsbook hires an independent auditor who submits her findings to the Division of Gaming. If the auditor finds areas of improvement, she’ll list them in the report as well.
The Division won’t award a license to a sportsbook that can’t protect its bettors’ information. Since bettors submit their banking information during registration, sportsbooks need top-notch security in place. Bettors can rest assured that by the time they place a wager, their sportsbook of choice is prepared to protect their data.
How Do I Get Paid If I Win?
Sportsbooks make transferring money in and out of the sportsbook account easy. They know no one wants to bet at a sportsbook that makes handling money a hassle. If bettors win, they’ll have cash moved into their sportsbook account. From there, it’s usually as easy as hitting ‘withdraw’ and moving money to their bank or PayPal account. There are other options too, but no one’s using 7-Eleven’s cash withdrawal option during a pandemic.
In short, bettors can get paid from the app. They just have to win, which is win. Best of luck to all the aspiring bettors out there!
Online Sports Betting FAQs
Online sports betting is new to Colorado, so bettors may have a few clouds of doubt about the industry. Here are some common questions we can clear up at the end.
Yes, you can register online and start betting anywhere in Colorado. You only need to be physically within the Colorado border to place wagers.
Moneylines, spreads, prop bets, and futures are legal on professional teams. However, Colorado bettors cannot place prop bets on college games. All bets are prohibited on high school games. (No one seriously thought DraftKings would have lines on their daughter’s softball game, did they?)
Yes. Because the Buffs are a PAC-12 team, college sports is a big draw in Colorado. And that’s before factoring in all their popular opponents. Everything besides prop bets is fair game on college sports.
Yes. Several sportsbooks have esports sections in their apps. If the pandemic shuts down major sports again, bettors may end up relying on the esports section to get their betting fixes. Counter Strike, anyone?
Licensed Casinos and established sportsbook companies. Unless aspiring entrepreneurs have all the pieces of their business in place, they can’t complete the license. It wouldn’t be impossible for someone to start a sportsbook in Colorado. However, it would require a massive cash infusion upfront. The sports betting market is largely inaccessible to companies without a track record.
Yes. It was also one of the first sportsbooks to do so.