Colorado Online Sports Betting: Mobile Sportsbook Apps & Sites

Nearly two years have passed since Colorado legalized sports betting back in May of 2020 and the popularity of online betting is going strong in the state.

So, we have decided to give you a detailed view of Colorado sports betting and everything important that you need to know about it.

Colorado Sports Betting 2022 Updates & News

The constant rise of sports betting in Colorado means that there is always news to follow. Thanks to this, not many people are left wondering “is sports betting legal in Colorado?”. So, let’s take a closer look at some of the most recent news that made the splash when it comes to Colorado sports betting.

CO Sports Betting Continues to Grow with NBA Season

The Colorado Division of Gaming announced $573,720,213 in sports bets were placed during the month of January, representing a more than 24% increase from December 2021. Despite the final weeks of the National Football League and the beginning of the playoffs, football did not see the most money for bets in Colorado during January.

Basketball took the top spot with $163.5 million in bets, with American Pro Football coming in with $144 million. College basketball, ice hockey and tennis ranked third, fourth and fifth respectively for the largest betting totals in the record-breaking month.

Statewide, an overwhelming amount of bets were placed online in January, with a whopping 96%. The rest placed bets on-site in casinos in Black Hawk and Cripple Creek.

“The NFL’s decisions to add an extra week of regular-season games and expand the playoffs were a boon for sportsbooks, but the NBA continues to be the state’s hottest bet,” Ian St. Clair, lead analyst for PlayColorado.com, said in a news release. “With the Super Bowl in February and the NCAA Tournament in March, sportsbooks should continue to see heavy betting volume numbers before seasonally tapering off in spring.”

Date: March 4, 2022

Source: Play Colorado

Record Month of CO Sports Betting Spurred by the NFL Season

As if more evidence was needed, we once again saw that NFL drives sports betting thanks to the latest numbers in Colorado for the month of September. The start of the regular football season brought the record handle in sports betting to Colorado since the state raked $408.3 million in bets in September.

That is nearly double the handle that Colorado saw in August, which was set at $212 million. It is also the biggest in the sports betting history of the state, topping the previous high from January that was set at $326 million. On top of that, the handle from September pushes sports betting in Colorado closer to $3 billion for the year.

Date: October 29, 2021

Source: Play Colorado

Colorado Rakes Millions More Than Expected from Sports Betting

After just a few months of Colorado launching legalized sports betting, the state has collected five times more funds than anticipated. These funds are meant to go toward work to conserve water, improve infrastructure, protect natural habitats, and combat climate change.

One of the reasons for these unexpected boosts can be attributed to the start of the NFL season since the state sportsbooks saw about $44 million in bets during the opening weekend.

Date: September 23, 2021

Source: Denver Post

Colorado Voters Pass Amendment 77 to Give More Control to Casino Towns

The passage of Amendment 77 will give local control to residents of Black Hawk, Cripple Creek, and Central City over adding new casino games and raising singe-wager limits. Amendment 77 passed with 60% of voters being in favor of the amendment.

This will allow voters in mentioned municipalities to expend casino games and, more importantly, raise single-wager limits beyond $100, which were some of the lowest limits in the country.

Date: November 03, 2020

Source: The Denver Channel

Colorado Sports Betting Sites and Apps

The number of Colorado sports betting websites is pretty much on par with other states, so you have a lot of different choices. Let’s take a closer look at some of the most popular Colorado sportsbooks.

Sports Illustrated Sportsbook – The First of Its Kind

ports betting in colorado

Colorado is the only US State that can currently say that they have the Sports Illustrated Sportsbook. The famous sports magazine decided to venture into the sports betting industry and they launched their first sportsbook on September 7th, 2021.

The young sportsbook still has a long way to go before they can reach the popularity of some better-known brands, but with Sports Illustrated behind them, we expect them to become one of the most popular bookies in no time.

Welcome Bonus for Sports Illustrated Sportsbook

As a way to attract new players and carve out a piece of the sports betting pie for themselves, Sports Illustrated Sportsbook has one of the most generous welcome offers in Colorado. Once you open a new account on the website and place your first bet of at least $10 on -200 or higher odds, you will get $300 in free bets.

The free bets are awarded as six $50 free bets and you can use them within 14 days after you receive them. The free bet tokens can be placed on any odds and you get to keep the winnings, minus the free bet amount.

PointsBet – From Australia to Colorado

Colorado Online Sports Betting: Pointsbet

 

This Australian bookie is one of the major investors in the Colorado sports industry and sports betting market since they have betting partnerships with both the Nuggets and the Avalanche. Their website launched on November 20th, 2020 and their land-based affiliate is the Double Eagle Casino in Cripple Creek.

PointsBet was named after their unique type of betting that turns a twist on the standard bets on spreads and lines. The so-called Points Betting takes into account every point of difference between the final result and the spread and the closer you are to the actual result, the better the payout.

Welcome Bonus for PointsBet

PointsBet offers a welcome bonus that consists of two risk-free first bets – one for fixed odds betting and the other for Points Betting. But before you can claim this bonus, you have to enter the promo code BETMAX when you are registering on the website.

Overall, the two risk-free bets can get you a refund of $2,000, if both your first bets are losing ones. Once your free bets are settled, you will get the refunds in form of free bets that can be split and used as multiple free bets in a way that you find appropriate.

DraftKings Sportsbook – From Fantasy to Reality

colorado online sports betting sites: draftkings

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One of the two DFS powerhouses in the US is DraftKings, but they ventured into the sports betting industry as soon as they got the chance. They are partnered with Bally's Black Hawk casino in Black Hawk, also known as the Golden Gulch Casino.

The reason why DraftKings Sportsbook quickly became so popular lies in the company’s experience in working with daily fantasy and they were able to implement some interesting solutions learned from those experiences into sports betting and to bring great customization to betting on their website.

Welcome Bonus for DraftKings Sportsbook

If you are thinking of playing at DraftKings Sportsbook, keep in mind that they have perhaps the most interesting welcome offer of all. This offer is a 20% matching deposit bonus that can be worth up to $1,000.

That being said, this welcome offer is also one with the strictest wagering requirements and conditions. The bonus funds that you receive come in $1 increments, awarded to you every time you spend $25 on the website. So, unlike other matching deposit bonuses, you actually have to play through your entire first deposit before you can get the bonus in full.

You can meet the wagering requirements by playing, daily fantasy sports, casino games, or by placing sports bets on minimum odds of -300. You get 90 days from your first deposit to satisfy these wagering requirements.

Betfred Sportsbook – Straight from the UK

Colorado online sports betting: betfred sports

Betfred is a well-known and respected sports betting operator from the UK founded all the way back in 1967. Their US operations began in 2019, while their website in Colorado was launched on the 10th of September, 2020, in a partnership with Saratoga Casino in Black Hawk.

The Betfred website has many things to offer, but their app is truly something else. We would go so far as to say it’s one of the best Colorado sports betting apps. It’s easy to use, fully functional and comes with a lot of great features.

Welcome Bonus for Betfred Sportsbook

All newly registered accounts at Betfred will receive a 100% matchup on their first wager, up to $500. This is a very interesting promotion and certainly better than what many other bookies have to offer, like the risk-free first bet. It’s similar, but your first bet doesn’t have to lose for you to get the bonus.

In any case, your qualifying bet (first cash wager) has to be placed on odds of at least -200. It also has to be a minimum $10 bet. Once your first bet is settled, you will receive the free bet wager in the same amount as your first cash wager, up to the maximum of $500. Free bet wagers also have to be placed on odds of -200 or higher.

You will have seven days to use the free bets. Keep in mind that free bets can’t be used on Parlay+, Betfred Boosts and that they can’t be withdrawn or redeemed for cash.

MaximBet Sportsbook – A Respected Brand in Colorado

Colorado online sports betting

Not many people are familiar with MaximBet, but this sports betting operator has been in Colorado since September 2020 and they are the new brand of SportsBetting.com, which was well-known in the state. It was a result of a partnership between Carousel Group and Maxim, the famous media company.

MaximBet Sportsbook is partnered with Johnny Nolon’s Casino from Cripple Creek. They are a unique brand with proprietary in-house software and very ambitious goals and we can see them having a bright future in Colorado and probably a few other states.

Welcome Bonus for MaximBet Sportsbook

The New Year brings us a new and exciting welcome promotion at MaximBet Sportsbook. It is a matching deposit bonus worth up to $2,000. In addition to this, you also get another $22 in free bet credits, regardless of how much you deposit.

To claim this welcome offer, all you have to do is make your qualifying deposit of at least $10 and MaximBet will match it in free bet credits, up to the maximum amount of $2,000. Keep in mind that your qualifying deposit remains non-withdrawable until you meet the wagering requirements and play through the deposit at least once.

Free bet credits will be awarded to your account within 72 hours of making your first deposit and you will get 7 days to wager the free bet credits. It’s important to note that free bet credits have to be placed on odds of -200 or higher.

FanDuel Sportsbook – Fantasy Sports and Sports Betting Giant

Colorado online sports betting

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The company that started as a DFS operator quickly grew and expanded into the world of sports betting. Now, FanDuel Sportsbook is one of the best in the country and they are present in many states, including Colorado. Of course, you can still find daily fantasy sports at FanDuel if you want to try it out next to sports betting.

FanDuel launched its website in Colorado on May 1st, 2020. They partnered with Golden Gates Casino in Black Hawk to help them launch the website and they are one of the more popular options for Colorado online sports betting.

Welcome Bonus for FanDuel Sportsbook

When you open a new account and FanDuel Sportsbook, you can claim their welcome offer – a risk-free first bet up to $1,000. That basically means that FanDuel will give you a refund in bonus funds if your first bet turns out to be a loss. If your first bet wins, you won’t get anything.

The bonus funds will be awarded within three days after your first bet is settled as a losing one. The bonus funds can be used to place a bet on any sport and market on the website, without any conditions. Of course, if your bet wins, you get to keep the winnings but not the amount of the free bet.

Colorado Online Sports Betting – Guide on Placing a Bet

Placing a bet online may sound like a tough task to someone without any experience, but this is actually not a very difficult thing to learn. In fact, you’ll see just how easy it is from our detailed guidelines:

Step 1 – Find the Right Bookie

If you wish to place a bet online, you need to have an account on a betting website. So, that’s the first step to take – choosing a sportsbook.

We mentioned earlier some of the best betting sites in Colorado, but you can take a look at other bookies as well to find the one that suits you the most.

When you are trying to decide on the betting website to use, consider their offer of sports and markets, how good are the odds compared to other websites, what kind of bonuses and promotions they offer, and other things that are important to you.

Step 2 – Create a New Account

After you make your decision on the bookie to use, it’s time to open an account:

  1. Go to the betting website of your choice
  2. Find the button that says “Join”, “Sign Up” or “Register”. It’s usually found on the right side of the homepage, at the top
  3. Once you click on this button, you will begin your registration
  4. Fill out the registration form with the necessary information
  5. You will likely need to provide some form of ID to show your age
  6. Make sure to verify your location since you have to be in Colorado to create an account
  7. Remember to enter a promo code if needed

Step 3 – Add Funds to the Account

Before you can place any bets, you need to have money in the account. So, you need to make a deposit and that’s a very simple procedure.

First of all, you will see the “My Account” option on the page, which is usually in the same place where the “Join” button was before – the top right corner. When you go to the section, you will see a few options, including making a deposit.

From there on, simply follow the instructions provided by the bookie, choose the payment method, and make a deposit. Most websites will provide you with a few different payment options, such as debit/credit cards, ACH/e-check, bank wire transfer, PayPal, etc.

Step 4 – Placing a Bet

After you add the money to your account, you can now find the game and market that you want to bet on and place your bet. Start by choosing the sport you want to bet on, and then find the specific game you like. Click on the match and you will be provided with a variety of markets for that game.

When you click on the chosen market, it will be added to your bet slip. You can add more games and markets if you want to make a parlay bet, or you can make a single bet. In any case, just enter how much you want to bet and submit the bet.

Colorado Sports Teams to Bet On

A lot of people like to place bets on local sports teams and people from Colorado are no different. So, let us see which professional and college sports teams are the most popular in Colorado.

Denver Broncos

The franchise was established in 1960 and they played in the American Football League (AFL) until 1970 when that league merged with the NFL. The Broncos are very popular in Colorado, but also outside of the state too. They play their home matches at Mile High Stadium in Denver, which is called that way due to the elevation of the city.

The Broncos didn’t have much success in their early days, but that changed once the team reached their first Super Bowl in 1975. Since then, the Broncos have won three NFL titles – in 1997 and 1998 under Hall of Famers Terrell Davis and John Elway, and in 2015 led by Peyton Manning. The Broncos appeared in eight Super Bowls, which is the second-most in NFL history.

Denver Nuggets

The Nuggets were founded in Denver in 1967 as Denver Larks before becoming the Rockets and finally the Nuggets in 1974. The team started its history by playing in American Basketball Association (ABA) until the ABA-NBA merger. The Nuggets host their games at Ball Arena in Denver.

The team did not have a lot of success so far since their best result has been reaching the ABA Finals in 1976. They failed to get to the NBA Finals in all their years after, but things seem bright for the Nuggets right now since they are currently led by the NBA MVP Nikola Jokic, the first-ever Nugget to receive this prestigious award.

Colorado Rockies

Colorado online sports betting: colorado

The Colorado Rockies joined the MLB in 1993 as an expansion team and they are one of the youngest teams in the league. The Rockies play their home matches at Coors Field, which is one of the biggest hitter’s parks because of the altitude. The stadium is located in the Lower Downtown area of Denver.

They are also one of the teams without a title, which is not surprising given their relatively recent start as a professional franchise. Still, the team did reach the World Series once in 2007, after they won 21 of their last 22 games to win the pennant. However, the Rockies themselves were then swept in four games by Boston Red Sox.

Colorado Avalanche

This franchise was founded as the Quebec Nordiques in 1972 and they competed in the World Hockey Association until joining the NHL in 1979. In 1995, the team moved to Denver and took the name Colorado Avalanche.

In their first season under the new name, the team shocked everybody by winning the Stanly Cup, becoming the first modern sports team in the US to win a championship straight after moving. The team won their second and ultimate Stanley Cup in 2001. The Avalanche shares the arena with Denver Nuggets, the Ball Arena in Denver.

Colorado Rapids

The Rapids are one of the founding members of the MSL and they’ve been a part of the league since 1996. While soccer is not as popular as other sports in Colorado, the Rapids did are one of the Colorado teams that has a championship since they’ve won the MLS Cup in 2010.

The Rapids play their home matches at Dick's Sporting Goods Park in Commerce City, where they moved after the stadium opened in 2007.

Colorado College Teams

Colorado sports betting also includes betting on college teams from the state and collegiate sports overall. So, here are some of the best college teams from the state:

Colorado Buffaloes

The Buffaloes have respectable programs in basketball and football. Their basketball program joined the PAC-12 in 2012 and the team managed to win the conference tournament right away. Before that, the biggest success for the team was making the Final Four in 1942 and 1955 and producing the NBA Champion Chauncey Billups.

The Colorado Buffaloes football program had the biggest success in 1990 when they won the national championship. Other than that, the Buffaloes also have 27 conference titles to their name. The team played in the Big Eight conference for half a decade before they became one of the founding members of the Big 12 conference.

Colorado State Rams

Nest to the Colorado Buffaloes, Colorado State Rams also have relatively successful football and basketball programs. Their football team plays in the Mountain West Conference, just like their basketball team, and they’ve won it 15 times so far.

Meanwhile, the basketball team won the conference four times. Also, the State Rams appeared in ten NCAA tournaments so far, making the Elite Eight in 1969, which was their best season.

Denver Pioneers

Denver is clearly a hockey town and not just because of Colorado Avalanche. After all, Denver has one of the best ice hockey college teams in history – the Denver Pioneers. This college program is one of the most successful in the country and one of the main reasons why hockey is so popular in Colorado.

The Pioneers are tied for the second-most NCAA national championships after winning the title eight times, just one short of Michigan’s nine championships. The last championship came in 2017 and Denver Pioneers have already sent more than 70 players to the NHL.

Frequently Asked Questions for Colorado Sports Betting

Who Can Place a Bet Online In Colorado?

Any person that is older than 21 and located in Colorado can go to a betting website and place a sports wager of any kind.

Is Sports Betting Legal in Colorado?

Yes, sports betting became legal in Colorado in May 2020.

How to Know Which Colorado Sportsbooks Are Reliable?

We talked about some of the betting sites that you can trust in Colorado, but if you want to try some other bookies, make sure that they are licensed by the Colorado Division of Gaming.

What Are the Best Colorado Sportsbooks?

You can find a lot of different bookies that operate in Colorado as of now, including PointsBet, DraftKings, Sports Illustrated Sportsbook, FanDuel, BetMGM, Caesars Sportsbook, MaximBet, BetFred, and others.

Do All Colorado Sportsbooks Have Welcome Offers?

We can’t say with certainty that all Colorado bookies offer a welcome promotion for new players, but those that are worth your while certainly do.

What Type of Bets Can I Place in Colorado?

You can place a variety of bets on any betting site in Colorado, including money line bets, spreads, totals, parlays, props, futures, teasers, and of course in-play bets (live betting).