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Best Sports Betting App Colorado: CO Online Sportsbook Sites

Since sports betting became legal in Colorado in May 2020, the state has seen a boom in options for bettors. With so many platforms to choose from, we've narrowed down the best sports betting apps to help you bet with confidence.
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Best Sports Betting App Colorado

Since the legalization of sports betting in Colorado back in May 2020, sports fans in the Centennial State have been spoiled for choice. With 11 retail operators and 13 online sportsbooks, finding the best platform can feel overwhelming.

That's where we come in. We've sifted through the options to bring you the best sports betting app in Colorado, so you can confidently choose where to place your bets.

Ready to boost your betting game? Let’s dive in!

Best Sports Betting App Colorado: First Look

  1. Bet365 - Best Sports Betting App Colorado Overall
  2. BetMGM - Best Sports Betting App Colorado for Promotions
  3. Fanatics - Best Sports Betting App for Perks like FanCash and Live Streaming
  4. DraftKings - Best Sports Betting App for Betting Markets
  5. BetRivers - Best for Playthrough Requirements
  6. FanDuel - Best Sports Betting App for Bankroll
  7. Caesars Sportsbook - Best Sports Betting App for Rewards
  8. Sporttrade - Best Sports Betting App for a Unique Trading Experience
  9. SBK - Best Sports Betting App for Mobile Users

Top 9 CO Online Sportsbook Sites

Colorado sports betting apps offer tons of perks, promotions, same-game parlays, and offers to help you win big and enjoy sports gambling responsibly.

1. Bet365 - Best Sports Betting App Colorado Overall

Bet365 has quickly gained a reputation as one of the best sports betting sites in the Centennial State. With as little as $5, players can get $200 in bonus bets and even a paid 2-month trial for Altitude+.

Bet365 also offers new sports bettors a safety net of up to $1,000. Losses are paid out in bonus cash, making it easy to save money on sports bets even if they don't fall through. Licensed and secure, this online Sportsbook is at the top of the list.

Bet365 Pros & Cons

Pros

  • Parlay boosts
  • Live streaming
  • Early Payouts
  • Easy-to-use interface

Cons

  • The app can sometimes glitch
  • Less well-designed than other sports betting apps

What We Like About Bet365

One of our favorite things about Bet365 is its early payouts. These early payouts ensure that your bets are cashed out if your team reaches a certain threshold of points ahead. For instance, if your NFL team is up by 17 points, you can cash out on straight bets even if they lose later!

These early payouts are unique and rarely found at other Colorado betting sites. Their Bet and Parlay boosts add to your overall bankroll, making Bet365 our top choice among the most rewarding Colorado sports betting sites.

 >>Click here to sign up on Bet365 <<

Available Games on Bet365

One of the things we love most about this sports betting site is the availability of college sports, including football and basketball. We also enjoy the wide range of sports, like badminton and cricket, and the daily lineups.

Payment Methods, Speed, & Convenience

Like other online sportsbooks, Bet365 offers various payment methods to withdraw and deposit funds. Some payment methods include:

Payment Method

Fee

Process Time

Details

Visa / Mastercard / Discover / Amex

Free

Instant

Debit Card

Visa / Mastercard / Discover / Amex

Free

Instant

Credit Card

Online Banking by Trustly

Free

Instant

Bank Transfer

Apple Pay

Free

Instant

Credit/Debit Card

Venmo

Free

Instant

eWallet

PayPal

Free

Instant

eWallet

PayNearMe

Free

Instant

Cash

Fast withdrawal and deposit times are also the norm, with withdrawals processed within 1-4 hours. Deposits are also available instantly, so it's an excellent option for starting sports betting immediately.

 >>Click here to sign up on Bet365 <<

Overall Quality & Reliability

Bet365 has one of the most intuitive sports betting apps and interfaces on the market. Exploring your favorite college sports and betting on industry giants is easy. Finding promos and creating daily lineups for even more rewards is also simple.

We also appreciate that this legal sports betting site is regulated by the Colorado Department of Revenue, Division of Gaming. Colorado sports betting sites regulated and licensed by the Division of Gaming are highly reliable and safe, giving sports bettors peace of mind. 

2. BetMGM - Best Sports Betting App for Promotions

BetMGM is arguably one of the world's most recognizable casino and sports betting sites. They've entered the sports betting industry by offering a Sportsbook platform via a mobile app and desktop site. 

They have one of the most lucrative new user promotions compared to other sports betting apps, offering a whopping $1,500 back in bonus bets if you don't win. Early payouts and boosted bonus bets are another valuable part of this online sports betting platform. 

BetMGM Pros & Cons

Pros

  • Competitive $1,500 bonus cash for new players
  • Large selection of sports to bet on
  • Provides fast payouts
  • Easy to build parlays 

Cons

  • The app can be slow to load
  • Customer service live chat can be challenging to find

What We Like About BeMGM

BetMGM is among the most reputable Colorado betting sites. We love that it actively tries to reward players and even provides perks like a live board for live updates.

Overall, this app suits players who want a safe, reliable Colorado sports betting app. Their desktop site and mobile app are both easy to navigate and even provide a search feature that is uncommon with other legal sportsbooks.

Pre-built SGPs and wagers within the same game also make this one of the best sportsbooks for newer Colorado bettors.

Available Games on BetMGM

The A-Z selection on this sports betting platform is second to none. It includes everything from Biathlon to Boxing, Cricket, Formula 1, and much more. College and professional sports are respected equally on this platform, with many promotions geared toward bonus boosts for college sports bets. 

We also enjoy the wagers available for MMA. UFC fights have simple moneyline odds that excite this already intense game.

We hope BetMGM continues adding more to its available games and sports repertoire. For now, players can place multiple wagers on multiple sports and within a single game. BetMGM is also an official partner of the NFL and NBA, so you know you're getting some of the best wager options. 

Payment Methods, Speed, & Convenience

BetMGM has many payment methods for depositing and withdrawing your sports bets like other big-name online sportsbooks. These are some options:

Payment Method

Fee

Process Time

Details

Visa

Free

Within 24 hours (after review)

Visa Fast Funds - Debit/Prepaid Card

Mastercard

Free

1-3 business days (after review)

Mastercard Send - Debit Card

PayPal

Free

Within 24 hours (after review)

eWallet

Venmo

Free

Within 24 hours (after review)

eWallet

Apple Pay

Free

1-3 business days (after review)

eWallet

VIP Preferred

Free

2-4 business days (after review)

Bank Transfer

Online Banking

Free

2-4 business days (after review)

Bank Transfer

Instant Banking

Free

2-4 business days (after review)

Bank Transfer

Play+ Prepaid Card

Free

Within 24 hours (after review)

Prepaid Card

Cage (NJ, MI, DC, MS, NV, AZ, OH, MD, MA, PR, KY)

Free

Within 10-12 hours (after review)

Cash

Check by Mail (NJ)

Free

7-21 business days (after review)

Check

These multiple payment options make it easy to start sports wagering right away. 

They also have various withdrawal options, including debit card, VIP preferred, online banking, Play+, and Venmo. According to most users, payouts are fast and have minimal wait times. Most requests are processed within 24 hours. 

 >>Click here to sign up on BetMGM <<

Overall Quality & Reliability

The Colorado Division of Gaming licenses BetMGM as a legal sports betting operator. In addition to being legal in Colorado, it is also available in legal sports betting states like Arizona, Indiana, Michigan, Illinois, and more. 

BetMGM is one of the most highly reputable and safe sites in the legalized sports betting market. Their reliability is also noteworthy, with users boasting about their fast payouts and minimal issues accessing their winnings.

While one of the big complaints previously was slow loading speeds, more updated users on the Apple and Google Play stores state the app has made improvements to its speed and functionality. 

3. Fanatics - Best Sports Betting App for Perks

Fanatics not only has one of the strongest betting markets in the state but is also beloved for its sports fan gear! Fanatics Sportsbook players can enjoy betting on online sports while earning FanCash to redeem for sports memorabilia. 

While new to the scene, Fanatics has done amazingly as a CO Sportsbook. Since legal sports betting competition is stiff, Fanatics has offered unique perks to players like their withdrawal tracker, personalized dashboard, and FanCash based on the odds of your bet. Overall, it's a solid choice for online sports betting.

Fanatics Pros & Cons

Pros

  • Earn 10% back in FanCash 
  • Personalized dashboard
  • Well-designed mobile app
  • Reward surges and profit boosts

Cons

  • Only available via mobile app
  • Promotions need improvement

What We Like About Fanatics 

Fanatics might be more niche than other online sports betting platforms. However, it makes up for its uniqueness through perks like FanCash, which users actively use for merchandise. Fanatics also makes it easy to download their app, make a deposit, and start betting right away.

Their new user promo offers $1000 in no-sweat bets, which is quite generous compared to other Colorado Sportsbook sites. Overall, we enjoy this app's solid app and betting markets, including niche motorsports. 

 >>Click here to sign up on Fanatics <<

Available Games on Fanatics

Fanatics online sportsbook allows you to bet on several different sports. Their betting market includes NBA, NHL, PGA, Soccer, Tennis, Motorsports, and even fighting sports like boxing and UFC. You can also bet on your favorite pro NFL teams or enjoy college basketball betting.

Payment Methods, Speed, & Convenience

Once you download the app, you can deposit at least $10 using various payment methods. These include:

Payment Method

Fees

Processing Time

Details

Debit Card

Free

Instant

Accepts major providers; minimum deposit of $5

Online Bank Transfer

Free

Instant

Secure transfers directly from your bank account; minimum deposit of $5

PayPal

Free

Instant

Requires a linked PayPal account; minimum deposit of $5.

Wire Transfer

Free

Up to 2 hours

Suitable for larger amounts; minimum deposit of $5,000

Apple Pay

Free

Instant

Available for users with Apple devices; minimum deposit of $5

Venmo

Free

Instant

Requires a linked Venmo account; minimum deposit of $5

Cash @ Retail

Free

Instant

Available in select states; minimum deposit of $5

Withdrawals are also available through checks, PayPal, Venmo, and debit or credit cards. Their withdrawal tracking feature makes it easy to see when your request is processed and if it's been released yet. Payout speeds for paper checks can take 48 hours and 7 business days.

 >>Click here to sign up on Fanatics <<

Overall Quality & Reliability

The Fanatics sportsbook app is quite reliable regarding payouts and app experience. Their tracking feature makes payouts easily monitored, which is unique compared to other online sports betting sites and apps.

The app is also designed to be simple and effective, with a customizable dashboard for each user's preferences. Its solid app and fast withdrawals make Fanatics a good choice for no-nonsense sports bettors.

4. DraftKings - Best Sports Betting App for Betting Markets

DraftKings is a giant in the world of sports betting, and for good reason. Players can enjoy putting down bets on pro teams and even NASCAR races! One of the first Sportsbooks to accept bets in Colorado, DraftKings is hailed for its safety and technology features.

Fast payouts and easy deposits and withdrawals add to its appeal. Available on desktop and mobile apps, it's accessible to players on the go or at home. With some of the most sports markets on the list, this is the go-to online sportsbook for serious players.

DraftKings Pros & Cons

Pros

  • Easily navigate the site and app
  • Promotions are competitive
  • Great welcome bonus
  • Available in many states

Cons

  • Sometimes described as too juiced
  • Customer service can be slow

What We Like About DraftKings

Perhaps the best thing about Draftkings is its reputation and solid standing in the sports betting industry. You know you're getting the best odds and have the backing of a safe and reliable app when placing bets.

We also enjoy the wide range of games and wagers available. If you're a soccer, tennis, or college football fan, everything you need to set a parlay is easy with Draftkings. With a bet and get promotion of $5 and $200 in bonus bets, we also enjoy this platform's commitment to new players.

 >>Click here to sign up on DraftKings <<

Available Games on DraftKings

DraftKings is known for having one of the best betting markets in the online sportsbook industry. You can place a bet on your favorite game here, from NCAA college football to all major league sports. Niche sports also include soccer, NASCAR, hockey, and UFC.

Payment Methods, Speed, & Convenience

We also enjoy the many deposit payment methods available at Draftkings. Methods include:

Payment Method

Fee

Process Time

Details

Online Banking

Free

Up to 5 Days

Bank Transfer

VIP Preferred (e-check)

Free

Up to 3 Days

eCheck

PayPal

Free

Up to 2 Days

eWallet

Debit Card

Free

Up to 24 hours

Debit Card

Cash/Cage

Free

1 Hour

Cash

Venmo

Free

Up to 2 Days

eWallet

Play+ Prepaid Card

Free

Up to 4 Days

Prepaid Card

Trustly Verified Withdrawals

Free

1 Day

Bank Transfer

Apple Pay

Free

1 Day

eWallet

Checks < $100

Free

Up to 14 business days; tracking is unavailable

Check

Checks $100.01 - $1,999

Free

Up to 5 business days with tracking via USPS

Check

Checks > $2,000

Free

Up to 3 business days with tracking via FedEx

Check

Bank Wire

Free

Up to 2 Days

Wire Transfer

Their withdrawal times are also top-notch. Players can access winnings within 24 hours for debit cards. Processing times will vary, but for the most part, DraftKings pays its players fast.

 >>Click here to sign up on DraftKings <<

Overall Quality & Reliability

Their app is by far the most polished and intuitive among sportsbooks. You can easily search for your favorite team and place bets using the desktop or mobile app.

Rewards and promotions are easily viewed, providing transparency for players. The secure platform has a solid history, making it safe and reliable for sports bettors.

5. BetRivers - Best Sports Betting App for Playthrough Requirements

BetRivers is made with players in mind, offering minimal playthrough requirements, major league sports teams, and a simple app. BetRivers is known for its daily promotions, including boosted odds, which reward players handsomely.

Live streaming of NFL games and a good selection of over 20 sports make this a great choice for serious bettors. BetRivers is also tailored to beginners, offering a $ 250-second chance bonus bet to protect your bankroll.

BetRivers Pros & Cons

Pros

  • 1x playthrough low requirement
  • Daily promotions available
  • Great betting rewards for loyal players
  • Bonus bank available

Cons

  • The app can be glitchy
  • Withdrawals can be a bit slow

What We Like About BetRivers

Simplicity is the name of the game for BetRivers. An app that is easy to download, sign up, and make a deposit, combined with tons of payment methods, makes this sportsbook easily accessible.

We also enjoy their daily promotions, which include parlays of the day and daily boosted odds. A low 1x playthrough makes this the perfect app for bettors in for the fun.

 >>Click here to sign up on [Betting App] <<

Available Games on BetRivers

BetRivers offers both a casino and a sportsbook site. Players can enjoy betting on highly unique sports like esports and handball. Its wide range of sports combined with major leagues and events make it a go-to for sports bettors.

Payment Methods, Speed, & Convenience

BetRivers offers a wide range of payment options, making it easy for bettors to deposit and withdraw their funds. 

 

Payment Method

Fees

Processing Time

Details

Online Banking (ACH)

Free

Instant (Deposits), 2-5 business days (Withdrawals)

Secure transfers directly from your bank account; minimum deposit/withdrawal of $10

Debit/Credit Card

Free

Instant

Accepts major providers (Visa, Mastercard, Discover); minimum deposit of $10. Withdrawals not available via this method.

PayPal

Free

Instant (Deposits), Within 30 minutes (Withdrawals)

Requires a linked PayPal account; minimum deposit/withdrawal of $10.

Venmo

Free

Instant (Deposits), Within 30 minutes (Withdrawals)

Requires a linked Venmo account; minimum deposit/withdrawal of $10

BetRivers Play+ Card

Free

Instant

Prepaid card option; minimum deposit/withdrawal of $10.

PayNearMe

Free

~20 minutes

Cash deposits at participating retailers; minimum deposit of $10. Withdrawals not available via this method.

Vanilla Direct

Free

Instant

Cash deposits at participating retailers; minimum deposit of $10. Withdrawals not available via this method

Cash @ Casino Cage

Free

Instant

Available at affiliated casino locations; minimum deposit/withdrawal of $10.

Check by Mail

Free

10-14 business days

Physical check mailed to your address; minimum withdrawal of $500

 

 >>Click here to sign up on [Betting App] <<

Overall Quality & Reliability

BetRivers has been around since 2020 and is fully licensed by the Colorado Division of Gaming. Its high ratings on the Google Play and Apple Store prove this app is reliable, safe, and secure.

BetRivers might not have a fancy interface like other sportsbook apps. But it makes up for it with easy navigation and competitive lines. Its reliable withdrawal speeds add to its solid reputation.

6. FanDuel - Best Sports Betting App for Bankroll

What started with daily fantasy sports has now grown into one of the top sports betting apps in the industry. FanDuel offers a seamless and user-friendly interface, making it easy for bettors to navigate and place their bets.

Besides traditional sports like football and basketball, FanDuel offers betting options on niche sports like snooker and table tennis. Profit boosts, secure payments, and bet and get rewards make this an exciting and rewarding sports betting app for players.

FanDuel Pros & Cons

Pros

  • Local and team-specific promotions
  • Daily fantasy sports
  • User-friendly interface
  • Live betting options

Cons

  • Limited withdrawal methods
  • No rewards program for sportsbook

What We Like About FanDuel

FanDuel's focus on user experience makes it a top choice for bettors. Its simple and easy-to-use interface lets players quickly find the sports they want to bet on. We enjoy their continuous promotions and exciting bonuses based on region, adding a layer of personalization to user experiences.

We also like the wide range of available sports one can bet on. From popular sports such as football and basketball to niche sports like snooker, FanDuel has something for every type of bettor. Even new players can take notice of their parlay hub to set their own parlays.

 >>Click here to sign up on FanDuel <<

Available Games on FanDuel

Sports enthusiasts will rejoice at the sheer number of games available on FanDuel. Bettors can choose from popular sports like football, basketball, baseball, and hockey to niche sports like cycling and rugby.

They also offer different types of bets for each sport. From traditional moneyline bets to more advanced options like props and single-game parlays, you'll find a rewarding wager at FanDuel.

Payment Methods, Speed, & Convenience

FanDuel's payment methods are limited, with only a few options for deposits and withdrawals..

Payment Method

Fees

Processing Time

Details

Online Banking (ACH)

Free

Instant (Deposits), 3-5 business days (Withdrawals)

Secure transfers directly from your bank account; minimum deposit/withdrawal of $10.

Debit/Credit Card

Free

Instant (Deposits), Up to 24 hours (Withdrawals)

Accepts major providers (Visa, Mastercard, Discover); minimum deposit of $10. Withdrawals available to the same card.

PayPal

Free

Instant (Deposits), Up to 48 hours (Withdrawals)

Requires a linked PayPal account; minimum deposit/withdrawal of $10.

Venmo

Free

Instant (Deposits), Up to 48 hours (Withdrawals)

Requires a linked Venmo account; minimum deposit/withdrawal of $10.

FanDuel Prepaid Play+ Card

Free

Instant (Deposits), Up to 24 hours (Withdrawals)

Prepaid card option; minimum deposit/withdrawal of $10.

PayNearMe

Free

20 Minutes

Cash deposits at participating retailers; minimum deposit of $10. Withdrawals not available via this method.

Wire Transfer

Free

Up to 24 hours

Suitable for larger amounts; minimum deposit of $10,000. Withdrawals not available via this method.

Cash @ Casino Cage

Free

Instant

Available at affiliated casino locations; minimum deposit/withdrawal of $10

Check by Mail

Free

7-10 business days

Physical check mailed to your address; minimum withdrawal of $10.

Apple Pay

Free

Instant

Available for users with Apple devices; minimum deposit of $10. Withdrawals not available via this method

>>Click here to sign up on FanDuel <<

Overall Quality & Reliability

FanDuel was founded in 2009 and has since become one of the most trusted and reliable sports betting apps. With a clean track record and operations in multiple states, FanDuel is known for providing users with secure betting.

With an app and desktop site that's easy to navigate, players can enjoy reliable bets and live updates. Withdrawing and depositing money to enjoy winnings is also straightforward.

7. Caesars Sportsbook - Best Sports Betting App for Rewards

Known for being a giant in the Las Vegas casino industry, Caesars also offers one of the best sports betting apps. With a wide range of bonuses and promotions, it's easy to see why many bettors choose this app.

One of the standout features of Caesars Sportsbook is its generous rewards program. Bettors can earn points for every wager placed, which can be redeemed for free bets or other exclusive perks.

Caesars Sportsbook Pros & Cons

Pros

  • VIP rewards and perks
  • Large betting market
  • Highly reputable and safe
  • Live streaming services

Cons

  • No real-time stats
  • Odds are not as competitive as other sportsbooks

What We Like About Caesars Sportsbook

As a big player in the casino industry, Caesars Sportsbook offers a seamless and professional betting experience. The app's simple navigation and user-friendly interface make it easy for bettors to find their desired bets without hassle.

Furthermore, its rewards program is one of the best, with various options for redeeming points and earning perks. From free bets to VIP experiences at Caesars properties, there are plenty of incentives to keep using this app. Squares, live betting, and micro-betting all make using Caesars Sportsbook enjoyable and exciting.

Available Games on Caesars Sportsbook

You'll find most major sports on Caesars Sportsbook. This includes football, soccer, horse racing, basketball, auto racing, hocket, and MMA. But, for niche sports lovers, you won't find as many sports betting options.

 >>Click here to sign up on Caesars Sportsbook <<

Payment Methods, Speed, & Convenience

Yet another advantage of Caesars Sportsbook is its quick and seamless payment process. The app supports a variety of payment options, including credit and debit cards, PayPal, and online banking transfers.

Payment Method

Type

Process Time

Details

Visa/Mastercard

Credit/Debit

Instant (Deposit)

Debit only for withdrawals. Not available in Ontario, Louisiana, Massachusetts, Tennessee, Washington

Discover® Card

Credit

Instant (Deposit)

Available for deposit only. Not available in Arizona, Louisiana, Massachusetts, Washington, Ontario

American Express

Credit/Debit

Instant (Deposit)

Accepted for deposits and debit cards only. Available in select states

Online Banking

Bank Transfer

Instant (Deposit)

No registration required, single log-in, secure funds transfer. Not available in Washington

PayNearMe

Cash

Instant (Deposit)

Pay with cash at a retail location, confirmation required. Not available in Washington, Ontario, Ohio

PayPal®

eWallet

Instant (Deposit)

Secure online/mobile payments with linked bank accounts. Not available in Washington

ACH e-check

Bank Transfer

Instant (Deposit)

Requires bank routing and account number. Not available in Ontario or Washington

Cash at Sportsbook

Cash

Within 1 hour

Deposit/withdrawal at Caesars Sportsbook locations; ID required. Available in select states

Caesars Pre-paid Card

Prepaid Card

Instant (Deposit)

Fund via PayPal, Credit/Debit, or Online Banking. Not available in Ontario or Washington

Venmo

eWallet

Instant (Deposit)

Link to a verified bank account. Not available in Washington, Ontario, Puerto Rico

Apple Pay

eWallet

Instant (Deposit)

Safe deposits via Apple Wallet with verified bank accounts; requires mobile device. Not available for gaming transactions in certain states

Wire Transfer

Bank Transfer

1-5 business days

Direct transfer for amounts over $2,500; requires request initiation online. Not available in Washington

Even PayNearMe and Play+, which aren't offered at many casinos and sportsbooks, are offered here for cash players. Withdrawal speeds vary but are usually available within 24 hours.

Overall Quality & Reliability

By far, Caesars can be considered one of the most reliable and high-quality sports betting apps available. Its long-standing reputation in the industry and security features like SSL encryption make its app and desktop sites highly reliable.

The quality of bets and promotions is also noteworthy. Even its welcome bonus of $1,000 lets players know this is the perfect sportsbook for high rollers.

8. Sporttrade - Best Sports Betting App for Unique Trading Experience

Of all the sports betting apps available, Sporttrade offers a unique experience for users by combining traditional betting with trading on a stock market-like platform. This innovative approach has made it a popular choice among bettors looking for something new and exciting.

Instead of simply placing bets on outcomes, users can now buy and sell their positions on teams while the game is in progress. Dynamic, interactive, and exciting, Sporttrade is quickly making a name for itself as an alternative to traditional sports betting.

Sporttrade Pros & Cons

Pros

  • Unique trading experience
  • Real-time market updates
  • Innovative approach to sports betting
  • No limits on bets

Cons

  • Not available 24/7
  • Not a traditional sports betting platform

What We Like About Sporttrade

The best thing we enjoy about Sporttrade is its unique trading experience. The real-time market updates also add to the thrill of trading on teams while a game progresses.

The app itself is well-designed, with a user-friendly interface and easy navigation. Additionally, bets are not limited, so the dreaded bans of other sportsbooks are non-existent here.

 >>Click here to sign up on Sporttrade <<

Available Games on Sporttrade

Unlike traditional sports betting platforms, Sporttrade offers unique trading opportunities. These include main lines, alternate lines, player props, game props, and its unique futures betting. You can bet on many major sports and leagues, including UFC, F1, major soccer leagues, NFL, NBA, and more.

Payment Methods, Speed, & Convenience

Interestingly, Sporttrade is unique in that it doesn't accept traditional payment methods, including credit and debit cards. Here is what it includes:

 

Payment Method

Fees

Processing Time

Details

Online Banking

Free

Instant (Deposits), 3-5 business days (Withdrawals)

Secure transfers from most major banks; minimum deposit/withdrawal of $10.

PayPal

Free

Instant (Deposits), Up to 2 days (Withdrawals)

Requires a linked PayPal account; minimum deposit/withdrawal of $10.

Venmo

Free

Instant (Deposits), Up to 2 days (Withdrawals)

Requires a linked Venmo account; minimum deposit/withdrawal of $10.

Cash @ Partner Location

Free

Instant (Deposits and Withdrawals)

In-person cash deposits/withdrawals at select partner locations; minimum deposit/withdrawal of $10.

>>Click here to sign up on Sporttrade <<

Overall Quality & Reliability

Founded in 2022, Sporttrade is a relatively new player in the sports betting world. However, it has quickly gained popularity and established itself as a reliable and high-quality platform.

With its innovative approach to sports betting and constantly improving features, Sporttrade continues to gain more users. Its peer-to-peer trading system ensures a fair and transparent platform, making it highly reliable for those looking to try something new in sports betting.

9. SBK Sportsbook - Best Sports Betting App for Mobile Users

As a new app, SBK is nothing short of extraordinary. By far, its call to fame is an easy-to-use app and intuitive interface.

SBK is closely tied to Sporttrade, licensed by the same company (Smarkets) by the Colorado Division of Gaming and Indiana Gaming Commission. For new bettors and those who like great odds, this is the best sportsbook app for mobile users.

SBK Pros & Cons

Pros

  • Highly intuitive interface
  • Offers best odds
  • Doesn't limit when on a winning streak
  • Can interact through a community forum
  • Fast payouts

Cons

  • Only available on mobile
  • Newer app

What We Like About SBK

SBK puts players' quality of profits. They have reduced lines and don't profit as much as other sportsbook apps.

Its transparency is available through the SBK Price+ feature. We also enjoy their sleek interface and easy user experience.

 >>Click here to sign up on SBK <<

Available Games on SBK Sportsbook

SBK still offers a good range of sports to bet on. Players can bet on the NFL, NBA, NHL, MLB, MLS, UFC, ATP, NCAA, PGA, and EPL, among many others.

Payment Methods, Speed, & Convenience

SBK offers users simple payment methods. You can fund and withdraw from your account using a debit card, PayPal, Skrill, or wire transfer.

Deposits

Payment Method

Type

Process Time

Details

Visa debit / credit card

Credit/Debit Card

Instant

 

PayPal

eWallet

Instant

 

Skrill

eWallet

Instant

 

Wire Transfer

Bank Transfer

5-10 business days

$20 fee if under $3,000 deposit; free if $3,000 or more

Withdrawals

Payment Method

Type

Process Time

Details

Visa debit / credit card*

Credit/Debit Card

30 minutes

 

PayPal

eWallet

1-2 business days

 

Skrill

eWallet

1-2 business days

 

Wire Transfer

Bank Transfer

5-10 business days

 

Withdrawals are also relatively speedy, with winnings available in 1-2 business days. Its simple payment options make this an excellent app for sports bettors who don't want a complicated depositing or withdrawal process.

 >>Click here to sign up on SBK <<

Overall Quality & Reliability

While it's newer in terms of sportsbooks, it still has solid 5-star ratings by players. Thanks to its simple app design, new players can enjoy fast payouts and minimal lags and crashes.

Live betting is also relatively easy to use, as is their parlay picker. Overall, this more streamlined sportsbook makes betting on your favorite sports a no-brainer.

Colorado Sports Betting History

The Colorado sports betting handle was $5.515 billion wagered online in 2023 alone. While this handle might make it seem like sports betting has been alive and well in the Centennial State, it's only been around for the past four years, thanks to recent changes in Colorado sports betting law.

In 2019, voters agreed to amend their state's constitution to legalize sports betting in both in-person and online sportsbooks. Known as Proposition DD, this vote made introducing online sportsbooks to the State possible.

The first Sportsbook launched in May 2020, during the COVID-19 pandemic. DraftKings, BetMGM, and FanDuel were among the first sportsbooks in the state to accept bets.

Today, new sportsbook sites are still launching, with Sporttrade being one of the most recent. The Colorado Division of Gaming, part of the Department of Revenue, currently licenses 13 operators online and 11 retail Colorado sportsbooks.

The sports betting handle continues to grow, with the September 2024 handle at $563 million, showing how profitable Colorado sports betting laws have made the state.

Popular Online Betting Sports in Colorado

Colorado online sportsbooks are filled with college sports, niche sports betting like badminton, and even UFC and MMA sports betting. Here are some popular online sports betting industries to consider.

Baseball (MLB)

The Colorado Rockies are beloved for their ties to the beautiful Colorado scenery, baseball world, and standings. Part of the NL West, they currently remain 5th and continuously have the backing of Colorado bettors in online sportsbooks and beyond.

Basketball (NBA and college)

Denver Nuggets fans can rejoice at the many wagers and SGPs in online sportsbooks. In addition to the NBA, you can place bets on the Colorado Buffaloes men's basketball team on Colorado sports betting apps. 

Football (NFL and College)

You can also find NFL and college football team wagers in Colorado. The Denver Broncos and the Colorado Buffaloes football teams are top picks for serious bettors and football fanatics. Spreads and money lines are also available for the Colorado State Rams, extending betting options for college football fans.

Ice Hockey (NHL)

As members of the Central Division in the Western Conference, the Colorado Avalanche NHL team is a fan favorite for online sportsbooks fans. Sports bettors can enjoy puck lines, over/under, and money line wagers for the Colorado Avalanche team.

Soccer (MLS, International leagues)

Whether playing against the LA Galaxy or the Seattle Sounders, the Colorado Rapids are always in the mix in the sports betting world. Total goals, money lines, draws, and spreads are popular betting options for online sportsbooks in Colorado.

Popular Sports Betting Bonuses in Colorado

The online sports betting industry is highly competitive. To stand out, betting apps reward players with bonus bets, profit boosts, and other bonuses. Here are some of the most popular. 

Welcome Bonus

Welcome bonus bets are meant to reel in players and reward them upon first deposit. BetMGM has one of the most lucrative welcome bonuses, offering $1,500 in bonus cash if you lose on your first bets. Bet and get deposits are also popular, with some online sportsbooks requiring a deposit as low as $5 to give you bonus cash! 

Deposit Match Bonus

Deposit match bonuses are also available for new and existing players. These bonuses require you to put in a deposit, usually between $5 to $100, and then match that up to a certain amount. These deposit matches are an excellent way to bet big and earn big.

No Deposit Bonuses

For players without a bankroll, no deposit bonuses are a perfect way to start sports wagering online. These no-deposit bonuses are usually only for first-time players. You don't have to place a bet and can still be rewarded just for signing up for an account.

Odds Boost

Odds boost allows you to win bigger payouts basically free of cost! Odds boost increases the payouts of your favorite odds, which are offered daily on multiple Colorado sports betting sites like DraftKings and FanDuel.

Loyalty Rewards Program

Loyalty or VIP rewards are a great way to rake in cash and rewards online and in person. For instance, Caesars Sportsbook offers players loyalty rewards points that can be used at multiple locations and hotels in Las Vegas and beyond. 

Refer-a-Friend Bonus

Online sportsbooks also offer referral bonuses for players who convince others to open accounts and deposit money. These referral bonuses can include bonus bets for the person making the referral and discounts for new players. 

Sports Betting Payment Methods in Colorado 

Sports betting requires players to deposit funds to place bets. Colorado sports betting sites offer a variety of payment methods and fast and convenient withdrawal options.

Deposit Methods

Depositing is fairly easy once you’ve set up an account. Options for depositing include credit or debit cards, e-wallets, and cash options like PayNearMe or Play+. Some of the most common deposit methods for Colorado sports betting sites include:

  • Credit/debit cards (Visa, Mastercard, Discover)
  • PayPal
  • Skrill
  • ACH/e-check
  • PayNearMe

Withdrawal Methods

When it comes time to withdraw funds, most sportsbooks offer a variety of options for players to receive their winnings. Colorado online sportsbooks often encourage players to use the same method to withdraw as they did to deposit. Some methods, like debit card and e-wallet withdrawals, take less time than check or wire transfers but have different limits. Popular withdrawal options include:

  • Debit card
  • Check by mail
  • ACH/e-check
  • PayPal/Skrill
  • Wire transfer

How We Ranked the Best Sports Betting App Colorado

Choosing the best sports betting app in Colorado can be overwhelming, but there are a few key factors to consider when making your decision. We've ranked the top apps based on the following criteria so you can rest assured your sports bets are earning you as much as possible.

Payment Methods

Multiple payment methods make it easy for players to access their winnings and place bets immediately. When choosing the best online sportsbooks, we've looked at which apps have the most options and which are the quickest for withdrawals.

Customer Support

Whether it's 24/7 live chat, e-mail support, or an extensive FAQ section, top-rated Colorado sports betting apps should have top-rated customer support to help players. We've looked at player experiences and what they say about customer service when picking the best sportsbooks.

Sports Bet Selection 

Known as the betting market, we consider the selection of sports bets available when choosing the best Colorado sports betting app. Some players prefer a wide variety of sports to bet on, while others may be more interested in niche markets.

User Experience and Interface

From exploring different teams to creating an SGP, the user experience and interface are crucial for players to enjoy their sports betting app. The top-rated apps in Colorado have clean layouts, simple navigation, and intuitive search features.

Mobile Compatibility

A working mobile app can be a great feature for sports betting enthusiasts who are always on the go or prefer to place bets from their phones. We've looked at which apps have user-friendly mobile versions and which have dedicated mobile apps. We've also reviewed mobile app reviews on popular stores, including Apple and Google Play.

Bonuses and Promotions

Bonuses and promotions make betting rewarding, fun, and enticing for players. Daily promotions, like odd boosts, sign-ups, and loyalty bonuses, can greatly impact players' overall experience.

Licensing and Regulation

Proper licensing by the state ensures these online sportsbooks have minimal risk. We've ensured the Colorado Division of Gaming licenses these apps to ensure your safety and security when placing bets.

Colorado Professional Sports Teams

Colorado has its fair share of professional sports teams, which means plenty of opportunities for sports betting. Here are some of the top teams in Colorado and the leagues you can place sports bets on.

Denver Broncos

Winners of 3 Super Bowls and multiple division titles, the Denver Broncos are a major National Football League (NFL) team. Fans can bet on all their games, set single-game parlays, and place prop bets on individual players through Colorado's top sports betting apps.

Denver Nuggets

With their recent 2023 win in the NBA finals, the Denver Nuggets are on the rise. Fans can place bets on all of their games and follow along with in-game live betting options like those available at BetMGM.

Colorado Rockies

While they're considered underdogs in the Major League Baseball (MLB), the Colorado Rockies always put up a good fight on their home turf. Fans can bet on all of their games and follow along with live betting options at top sportsbooks like DraftKings.

Colorado Avalanche

The Colorado Avalanche won the Stanley Cup championships 3 times, most recently in 2022, making them a top pick for NHL fanatics and Colorado sports bettors. You can find them at top sports betting apps like Bet365 and FanDuel.

Colorado Online Sports Betting Legal Considerations

A massive change to Colorado sports betting law came in 2019 when Proposition DD was passed. This made sports betting legal in the state through mobile and online sportsbooks. A separate bill, House Bill 19-1327, made betting on your favorite sports teams at licensed casinos legal.

All taxed profits from these sportsbooks go toward funding water projects and even gambling addiction services in Colorado. There are minimal restrictions on sports betting, with no limits placed on bets (besides those by individual sportsbooks) and college sports available for bets.

However, players must be 21 or older and only place bets with licensed sportsbooks. They must also not bet on individual players within college sports. The state still taxable any winnings as they are considered annual earned income. Colorado has a flat 4.40% individual income tax rate.

Key Regulatory Bodies Governing Sports Betting in Colorado

It's important for sports bettors to only use licensed and regulated sportsbooks in Colorado. Casinos, including Century, Red Dolly, and Bally, hold master licenses, which allow them to contract with sports betting operators. 

Here's a breakdown of other oversight commissions and vital regulatory bodies governing Colorado sports betting:

Federal Oversight in Sports Betting

The Internal Revenue Service (IRS) is responsible for taxing your winnings, whether big or small, and requires in-person and online sportsbooks to report payouts. Bettors must also declare their winnings so they can be properly taxed on a federal level (different than Colorado's state income tax).

Additionally, the Financial Crimes Enforcement Network (FinCEN) is a force to be reckoned with, ensuring compliance with the Bank Secrecy Act or BSA. They require casinos, which are now considered financial institutions, and sportsbooks to report suspicious activity and prevent money laundering as best they can.

Colorado Division of Gaming

All sportsbook operators need a valid license to operate within Colorado's state borders. The Colorado Division of Gaming, part of the Department of Revenue, is responsible for issuing and regulating these licenses and overseeing compliance with state laws and regulations related to sports betting in Colorado.

For those interested in obtaining a license to operate a sportsbook in Colorado, the Division of Gaming has strict requirements and fees to apply. Appropriate measures ensure that only reputable and highly qualified sportsbook operators, like Fanatics and Bet365, can operate in the state.

Consumer Protection Programs

The Federal Trade Commission, or FTC, also regulates sports betting in Colorado. With the help of its Bureau of Consumer Protection (BCP), it protects consumers from fraudulent or deceptive practices, such as false advertising claims or hidden fees.

If you feel a sportsbook site is fraudulent, you can report it to the FTC and the Colorado Division of Gaming. The BCP also has the power to sue on your behalf and ask for compensation.

Sports Betting Safety and Privacy Considerations in Colorado 

Staying safe while betting online doesn't have to be complicated. Using a licensed sportsbook operator in Colorado makes avoiding potential risks like stolen money or financial information much easier.

Most reputable sportsbooks have tons of security measures that help protect valuable personal information. When using an online sportsbook to place a bet, ensure the site has a secure lock on the URL, known as SSL encryption. This helps ensure that your sensitive information, such as credit card numbers and login credentials, is protected from hackers.

For those who value extra privacy, consider using a deposit and withdrawal method that doesn't require sharing personal data, such as PayNearMe or Cash at Cage. Your chosen sportsbook should also have an updated CO Division of Gaming license. 

Responsible Sports Betting in Colorado 

Sports betting can be an excellent way to have fun, explore new teams, and discover new sports. But, it can also be a source of addiction for some. If you're experiencing issues such as feeling stressed, anxious, or lacking control when betting, it's essential to seek help.

Fortunately, Colorado has resources to help you gamble responsibly or get treatment. The Problem Gambling Hotline is available 24/7 and offers confidential support and resources to anyone struggling with problem gambling.

Colorado also has a self-exclusion program that allows individuals to voluntarily exclude themselves from all licensed sportsbooks. For more help, you can find more resources online.

Best Sports Betting App Colorado FAQs

Can You Use Sports Betting Apps in Colorado?

Yes, you can use multiple sports betting apps and desktop sites to place bets. These include Fanatics, Bet365, BetMGM, and more.

Is FanDuel Legal in Colorado?

Yes, FanDuel is fully licensed in Colorado. You must be within state borders to use it and can place real-money sports bets online.

How Many Online Sportsbooks Are There in Colorado?

There are currently 13 fully licensed sportsbooks in Colorado. The Colorado Division of Gaming provides an updated list of operators online.

Is Sports Betting Legal in Colorado?

Yes, placing money for sports is legal both online and in person. However, certain restrictions apply, like only using licensed sportsbooks and not betting on certain college sports game wagers.

What Are the Best Colorado Sportsbook Promos?

BetMGM is one of the best online sportsbooks for promos, including a $1,500 guaranteed bonus cash for new users. Other promos from sportsbooks include daily promos, refer-a-friend bonuses, odds boosts, profit boosts, and more.

When Did Sports Betting Go Live in Colorado?

Sports betting went live in May 2020, and operators like DraftKings and FanDuel accepted bets. However, it was legalized through Proposition DD in 2019.

Do I Have to Have a Colorado Address to Bet?

No, you do not need a Colorado address to place a bet through a sportsbook. However, you must be located within the state and enable location on your mobile device.

How Old Must I Be in Order to Bet in Colorado?

All sports bettors must be 21 years or older to place a bet with an online sportsbook.

What Types of Bets Can I Make in Colorado?

You can make several sports bets on various teams, including NFL, NBA, NHL, and MLB. Spreads, money lines, same-game parlays, and over/under bets are among the most popular bets you can make in Colorado.

What Are Colorado Sports Betting Tax Rates?

Colorado's state income tax is a flat rate of 4.4%. You'll also need to pay federal taxes on your sports betting winnings, which can vary depending on your income bracket.

Best Sports Betting App Colorado Final Verdict

Colorado has fully embraced online sports betting, with new sportsbooks like SBK and Sporttrade being game-changers in the industry. Still, trusted online sportsbooks like BetMGM and Bet365 remain popular among bettors.

With its wide range of sports betting options and user-friendly apps, Colorado offers a top-notch betting experience for both new and experienced bettors. Platforms like Caesars offer incredible VIP rewards, while platforms like DraftKings and Fan Duel make placing bets fun and easy.

These online sportsbooks are at the top of the list for Colorado sports betting. With their constantly improving technology, you can expect faster loading times, minimal app glitches, and more opportunities to win.

Disclaimer: These sites are for people 18+ only. Online gambling comes with many risks. Players should only gamble with money they can afford to lose and ensure they behave responsibly when visiting an online casino. Gambling laws and policies vary from region to region. Some sites mentioned in this review may not be accessible in your area, depending on laws and restrictions. Always do your due diligence and check your local gambling policies before visiting these sites. It is always better to be safe than sorry.

If you suspect you’re becoming addicted to gambling, seek help immediately by contacting the National Gambling Helpline at 1-800-522-4700.