Within days of the launch of Colorado online sports betting, several new platforms debuted in the Centennial State. May 1, 2020, marked the date for the newest big arrival in the legal US sports betting market.
Four new sports betting platforms launched in Colorado. This paved the way for legal sports betting in the state after residents voted Proposition DD into law the prior year.
Proposition DD legalized both retail and online sports betting in the state. The initial launch of the state’s first legal online sports betting platforms is just the beginning for Colorado.
When the state’s new sports betting industry reaches full maturity, Colorado bettors could have access to 20 or more different online sportsbooks. In its second month, June 2020, Colorado sportsbooks took in over $38 million in wagers, even while virtually no sports played in the US.
Live Colorado’s Online Sportsbooks
One of the top players in the US legal sports betting industry, DraftKings Sportsbook was one of four platforms to launch in Colorado on May 1, 2020.
After going live as one of Colorado’s first operating mobile sports wagering sites, DraftKings Sportsbook appears poised to be one of the leading brands in the Colorado market. DraftKings Sportsbook operates under the license of Golden Gates Casino, which is owned by Twin River Worldwide Holdings.
The US legal sports betting industry is still evolving, but FanDuel Sportsbook’s status as one of the leading brands in the market won’t likely change anytime soon.
FanDuel Sportsbook was among the first legal sports betting platforms to go live in Colorado, launching on May 1, 2020. Golden Gulch Casino, owned by Twin River Worldwide Holdings, is the land-based license partner for FanDuel Sportsbook.
The BetMGM brand continues to expand into the US market, with online casino and sportsbook products in several states. Formerly known as playMGM, the rebranded BetMGM operates in Colorado under the license of Midnight Rose Hotel and Casino. The land-based property is owned by Triple Crown Casinos.
BetMGM is a product of ROAR Digital, which is a collaborative venture between MGM Resorts and gaming brand GVC Holdings. BetMGM was one in the first group of online sportsbooks to launch in Colorado on May 1, 2020.
Owned by Rush Street Interactive, the BetRivers brand is another emerging player in the US legal sports betting market. With the May 1, 2020 launch of its platform, BetRivers added Colorado to the growing list of states in which it operates.
JP McGill’s Hotel & Casino is the land-based casino license partner for BetRivers Sportsbook. Triple Crown Casinos owns the property.
Unlike the other mobile sportsbook brands on this list, BetMonrach is a homegrown product. The BetMonarch app is owned, operated, and licensed to Monarch Casino.
Located in Black Hawk, Colorado, Monarch Casino is the first land-based property to launch its own Colorado online sports betting site. The product debuted on May 9, 2020, just days after the initial introduction of online sportsbooks in the state.
Bettors in the US can expect FOX Bet to be a major presence in the legal sports betting industry. The brand operates as a partnership between FOX Sports and the Stars Group, which are giants in the sports media and online gambling industries, respectively.
The FOX Bet Colorado mobile sportsbook app launched on May 19, 2020, as a license partner of Lady Luck Blackhawk, owned by Eldorado Resorts.
Sky Ute SportsBook
Sky Ute SportsBook landed in the Colorado history books as Colorado’s first tribal sportsbook, a partnership between the Southern Ute Indian Tribe-owned Sky Ute Casino and Las Vegas-based USBookmaking. Sky Ute SportsBook promises better odds than most sportsbooks because it’s not bound by Colorado state law.
SBK by Smarkets
Smarkets operates differently than most traditional sportsbooks, with odds created by sports bettors in the company’s native UK. Colorado sports bettors aren’t allowed to participate in the market making, but can reap the benefits: which include some of the best odds available at any Colorado sportsbook.
Circa Sports started in Las Vegas and has recently expanded into Colorado it’s first online sportsbook outside of Nevada after partnering with Century Casino. Circa offers high limits and competitive odds.
Colorado Online Sportsbooks At A Glance
Online Sportsbook Launch Date Land Based Co Partner DraftKings Sportsbook May 1, 2020 Golden Gates Casino FanDuel Sportsbook May 1, 2020 Golden Gulch Casino BetMGM May 1, 2020 Midnight Rose Hotel & Casino BetRivers Sportsbook May 1, 2020 JP McGill’s Hotel & Casino BetMonarch May 9, 2020 Monarch Casino Fox Bet May 19, 2020 Lady Luck Casino Blackhawk SBK Smarkets June 4, 2020 Full House Resorts Sky Ute Sportsbook June 9, 2020 Sky Ute Circa Sports July 1, 2020 Century Casinos
Check out our Guide To Online Sports Betting In The US.
Coming Soon To Colorado
The PointsBet brand already operates in a handful of US states. The Australian-owned brand features the unique PointsBet betting method. This allows bettors to win more money on a game based on the final score margin. PointsBet Colorado will launch under the license of Double Eagle Hotel and Casino.
Owned by Churchill Downs Incorporated, BetAmerica is another emerging brand in the legal US sports betting industry. BetAmerica is approved for operation in Colorado as a license partner of Bronco Billy’s Casino and Hotel, owned by Full House Resorts.
A major sportsbook brand in the United Kingdom, BetFred USA marks the company’s expansion into the legal US sports betting market. Those expansion plans include an eventual platform from BetFred in Colorado, with a launch expected sometime in 2020. BetFred Colorado will operate under the Saratoga Casino license.
A Barstool Sports-branded legal online sportsbook will hit the Colorado market as a licensed product of Ameristar Blackhawk Casino. That land-based property is operated by Penn National Gaming, which also owns Barstool Sports. No official launch date is announced for the Barstool Sports online sportsbook.
Score Media emerged as one of the world’s most influential sports media brands in the 2010s. The Canadian company’s expansion into legal sports betting includes plans to launch its platform, called theScore Bet in Colorado. Gilpin Casino, owned by Jacobs Entertainment, will license theScore Bet in Colorado.
Twin River Worldwide Holdings owns three retail casinos in Colorado, as well as three internet sports betting licenses. Two of those licenses are already utilized in partnership with DraftKings Sportsbook and FanDuel Sportsbook. The remaining license will eventually be used to launch an online sportsbook under the license of Mardi Gras Casino.
William Hill, one of the world’s biggest sports betting brands, will eventually join the list of online sportsbooks to launch in Colorado. The William Hill platform will operate as a license partner of Isle Black Hawk, which is owned by Eldorado Resorts.
Full House Resorts and Wynn Resorts inked a partnership to bring Wynn Sportsbook to Colorado. The launch date for Wynn Sportsbook is unannounced. When it does go live, Wynn Sportsbook will operate as a license partner to Full House-owned property Bronco Billy’s Casino.
SuperBook’s home base in Las Vegas is the world’s largest retail sportsbook. SuperBook’s expansion plans outside of Nevada include a mobile sports betting platform that will eventually launch in Colorado.
SuperBook has a nationwide partnership in place with Jacobs Entertainment. The Lodge, a Jacobs-owned Colorado property, will license the SuperBook mobile platform in Colorado.
The Carousel Group, an international iGaming company, plans to expand into the US with its Sportsbetting.com brand. Colorado is slated as the first US state in which Sportsbetting.com will launch. The platform is licensed to Johnny Nolon’s Saloon & Gambling Emporium.
Bonuses At Colorado’s Online Sportsbooks
The most common bonus available at Colorado’s legal online sportsbooks comes in the form of the risk-free bet offer.
Risk-free bets offer a rebate, up to a certain amount, on the first bet made at a mobile sportsbook. The rebate is only applied if that first bet results in a loss.
FanDuel Sportsbook, for example, offers a risk-free bet, up to $500, for new players. After depositing, the first bet made on the platform is eligible for up to a $500 refund, but only if the bet is a loss.
For amounts smaller than $500, the risk-free bet refund would match the amount of the bet. A $250 bet, and a loss, would garner a $250 rebate.
On bets larger than $500, the maximum refund amount is $500.
Deposit Match Bonus
A widely offered bonus found at many online gambling sites, the deposit match bonus awards bonus money that matches a certain percentage of a deposit.
BetRivers Sportsbook presents one of the industry’s most generous deposit match bonus offers to new players. The first deposit at BetRivers is eligible for a 100% match bonus, up to $250.
Utilizing this bonus, a new player can make their first deposit at BetRivers, and earn up to $250 in bonus money. Deposits smaller than $250 are eligible for bonus money that matches the deposit amount.
Deposit match bonuses generally come with a playthrough provision. This requires players to wager a certain amount to unlock the bonus. Many of these bonuses require a 25x playthrough or more, meaning a player has to wager 25 times the amount of the deposit to unlock the bonus.
The BetRivers bonus, however, only requires 1x playthrough, essentially giving new players up to $250 in free bets.
One easy way to get started at an online sportsbook is through no-deposit bonus offers.
DraftKings Sportsbook offers this kind of free sign-up bonus. New players on the platform get $25 in free bets just for registering a new account.
No restrictions come along with this bonus at DraftKings. As soon as a new player’s account is verified, the $25 in free bets goes into the player balance.
What Sports Can I Bet On In Colorado?
Betting On US Pro Sports
Colorado’s capital city, Denver, holds a professional sports distinction that only a few other US cities can claim.
Denver is home to teams in all four major US sports leagues. Major League Baseball’s Colorado Rockies, The NFL’s Denver Broncos, the NHL’s Colorado Avalanche and the Denver Nuggets of the NBA make Colorado a major sports hub in the US.
The legalization of sports betting gives Colorado’s sports enthusiasts access to betting markets featuring all of the Centennial State’s major teams. The entire regular season and postseason schedule is available to bet on for all four major leagues.
Ways to bet on these games include point spread, moneyline, parlay, and live in-game betting.
These options are available for virtually every game on the schedule. Futures betting markets and prop bets are also widely offered on the four major US sports leagues at Colorado’s legal online sportsbooks.
Other US Sports To Bet On In Colorado
Colorado sports betting law also allows for betting on the Colorado Rapids of Major League Soccer, as well as the National Lacrosse League’s Colorado Mammoth. Betting isn’t just limited to these in-state franchises. Colorado’s legal online sportsbooks offer bets on the entire schedule in these leagues.
MMA, boxing, and NASCAR, as well as major tennis and golf events in the US, are open for betting on Colorado’s legal mobile sports betting apps as well.
See our complete guide on How To Bet On Sports Online.
College Sports Betting In Colorado
Betting on college sports is legal at Colorado’s online sportsbooks. This includes major sports like college football and college basketball, both of which offer plenty of options for betting on Colorado-based teams.
The only restriction on college sports betting in Colorado is a ban on prop betting. Other than that, Colorado bettors can legally bet on numerous sports, including contests involving home teams.
University Of Colorado Buffaloes
The Colorado Buffaloes sit at the epicenter of Colorado’s college sports tradition. A college football staple for much of the past century, the Buffaloes play in the PAC-12 conference.
Annual big games for the Buffaloes include PAC-12 matchups against the Utah Utes, USC Trojans, UCLA Bruins, and Oregon Ducks. The Buffaloes’ yearly schedule also includes a non-conference matchup against their in-state rivals, the Colorado State Rams.
Colorado State Rams And Air Force Falcons
The Colorado Buffaloes, Colorado State Rams, and Air Force Academy Falcons are the three biggest college sports programs in the state. Colorado bettors can legally bet on all three schools, all of which are on the national radar in both college football and basketball.
Both Air Force and Colorado State play in the Mountain West Conference and play against each other in big, cross-state matchups nationally.
In addition to football and basketball, other sports legally available to Colorado bettors include college baseball, softball, hockey, lacrosse, and others.
International Sports Available On Colorado Online Sports Betting Sites
International sports betting markets are aplenty at Colorado’s legal online sportsbooks. Platforms like DraftKings Sportsbook and FanDuel Sportsbook offer bets on a wide array of international contests.
With these international sports on the menu, Colorado players will find no shortage of year-round betting opportunities.
Major International Soccer Leagues
Colorado’s online sportsbooks offer betting markets that feature all of the biggest leagues in the world’s most popular sport.
Teams like Real Madrid and FC Barcelona of Spanish La Liga are open for betting. The English Premier League, and its powerhouse clubs like Arsenal and Manchester United, are available to Colorado bettors as well.
Germany’s biggest league, Bundesliga, offers yet another available betting market for international soccer. Interleague events like the UEFA Champions League are on the menu as well.
International Golf And Tennis
Major events in golf and tennis take place all around the world, and Colorado’s legal online sportsbooks grant bettors access.
International tennis majors like the Australian Open, French Open and Wimbledon, and other overseas events from the ATP and WTA are on the board. Golf majors, like the British Open, are open for wagering in Colorado as well.
Other International Sports And Events
Colorado’s legal online sportsbooks offer a wide scope of other international betting markets. These include international leagues and events in rugby, hockey, basketball, baseball, table tennis, darts, and cycling.
Can You Bet On Esports In Colorado?
Colorado’s expansion into legal online sports betting doesn’t include esports betting, for now.
Esports rising popularity shows no signs of diminishing, as games like Dota 2, Counter-Strike: Global Offensive, and others created robust betting markets at offshore gambling sites.
The future looks bright for esports to continue its ascent into mainstream culture. ESPN began broadcasting competitive events for games like NBA 2K and Rocket League in 2020.
As esports competitions continue to rise in popularity, state-level legislation on esports betting could change to include legal esports betting.
What Else Can You Bet On In Colorado?
The Colorado Division of Gaming, which regulates online gambling in Colorado, has language in place to allow for betting on new sports that might come into the market.
Newly formed leagues can apply for authorization to be included on the menus of Colorado’s legal online sportsbooks.
Can I Place Parlay Bets At Colorado’s Online Sportsbooks?
Throughout the history of sports betting, parlay bets have offered some of the most enticing odds, and biggest potential payouts, of any kind of bet.
Colorado’s legal online sportsbooks offer numerous parlay betting options. Parlay bets will almost certainly be a popular option for Colorado bettors as the state’s legal online sportsbooks continue to launch.
Traditional Parlay Bets
Parlays allow for multiple bets to be combined into one bet, with an exponentially higher payout for a win. For a parlay bet to be a winner, however, all bets in the parlay must be a winner.
For example, standards odds for a single bet are often -110, meaning a $110 bet yields a $100 profit if the bet is a winner. Taking two separate -110 bets, and combining them into a two-team parlay, could yield a 13-to-5 payout. A three-team parlay could yield a 6-to-1 payout, and so on.
Parlay bets allow bettors to dream big, as the odds increase with each bet added. Parlays can involve point spread, moneyline, and over/under bets.
The total payout for a winning parlay depends on the odds of the individual bets. Putting multiple underdog bets on the same parlay could yield an astronomical payout in the events of a win.
The teaser bet takes the traditional parlay and makes it even more enticing, with more favorable points spreads.
For example, if the Denver Broncos were favored by 3 on a given Sunday afternoon in the NFL, that point spread would appear as “Broncos -3” on the betting menu. A teaser parlay could shift that line six-point, and turn that line into “Broncos +3”, which would then give the bettor the Broncos and three points.
A teaser parlay would offer the entire slate of that weekend’s NFL games at teaser odds. The payouts on a teaser parlay are considerably smaller than a traditional parlay. But bettors have a better chance of winning with the more favorable point spreads.
What Do I Need To Register At A Colorado Online Sportsbook?
Signing up at one of Colorado’s legal online sportsbooks takes just a few steps. For example, signing up at DraftKings Sportsbook requires these steps:
- Navigate to the DraftKings Sportsbook homepage, or download the app for iOS and Android devices. For iOS devices, the DraftKings Sportsbook app can be found in the App Store. For Android devices, the app must be downloaded directly from the DraftKings Sportsbook site.
- Click on the “Sign Me Up” link.
- Choose a username and password, and supply a valid email address.
- Provide proof of identity and age. Only players 21 and over will be able to access the site.
- Upon verification of email address and identification documents, new players are eligible to deposit and start betting.
Online Sportsbooks: Legal Versus Illegal
The development of Colorado’s legal online sports betting market is only just getting started. By the time the industry reaches its full potential, players in the Centennial State will enjoy access to a market that could include more than 20 different platforms.
Colorado Division Of Gaming
The Colorado Division Of Gaming approves and oversees all of the state-regulated, legal online sports wagering sites. The Division of Gaming is a government agency that regulates Colorado’s entire casino industry.
The Division of Gaming’s oversight includes all legalized operators of retail and online gambling in the state. The state’s retail casinos must offer fair games, prompt payouts, and protection of personal information. They also most offer protocols for settling customer disputes.
Land-based casinos are accountable to the Division of Gaming. By extension, the legal online sportsbooks offered by these land-based casinos also operate under the Division of Gaming’s jurisdiction.
Any bet placed at a legal mobile sports wagering site in Colorado comes with the same level of security as placing a bet at a retail casino in the state.
Risky Offshore Gambling Sites
Offshore gambling sites, or any non-approved online gambling site operating within state borders, are operating illegally in Colorado. These sites are not obligated to offer the same level of security as state-regulated online gambling platforms.
All legal online sportsbooks in Colorado will feature the Division of Gaming seal.
Looking for more information? Check out our Comprehensive Guide To Online Gambling In Colorado.
Colorado Online Sports Betting FAQ
The minimum age for casino gambling in Colorado is 21. This age applies to any kind of casino gambling at a retail casino or online. The only exceptions to this rule are lottery and bingo, which carry a minimum playing age of 18.
Legal sports betting in Colorado, both retail and online, requires players to be at least 21 years old.
Yes. Colorado is one of several states in which DraftKings Sportsbook operates legally. The platform launched in Colorado on May 1, 2020, under the license of Golden Gates Casino, owned by Twin River Worldwide Holdings.
DraftKings Sportsbook is available to Colorado bettors as a mobile app for iOS and Android devices. Players can also access the platform directly on a desktop computer.
Yes. FanDuel Sportsbook debuted in Colorado on May 1, 2020, which was the first day any of the state’s legal online sportsbooks could begin operations.
The FanDuel Sportsbook platform is available to Colorado players age 21 and over. Bettors must be located within state borders at the time of a bet to legally place a wager. Golden Gulch Casino operates the FanDuel Sportsbook license. Twin River Worldwide Holdings owns Golden Gulch Casino.
No. Colorado’s legal online sportsbooks do not offer credit lines for betting use. Potential bettors must complete the registration process and deposit funds to start betting at a mobile sports wagering site.
Some sportsbooks do offer site credit as part of various bonus offers. These credits must be used for betting, and cannot be withdrawn on their own.
Yes. The state permits betting on college sports on Colorado’s online sports wagering platforms. Colorado bettors can wager on in-state teams like the Colorado Buffaloes, as well as any in-state college athletic contests.
The only restriction on college sports betting in Colorado is a ban on prop betting. Betters can only make prop bets on professional sports events.
No. Colorado’s legal online sportsbooks are open for registration from anywhere within state borders. Most of these platforms are available as mobile apps for iOS and Android devices, as well as on desktop.
Visiting the parent casino of an online sportsbook is an option for opening an account, but isn’t necessary.