As of May 1, 2020, legal sports betting is available in Colorado both online through apps and at retail locations. Sports betting laws have allowed players to bet on their favorite NFL, NBA, and even some college teams.
Here’s a breakdown of what you need to know when sports betting in Colorado. We’ve included information on the best sports betting app Colorado players can try, promos, laws, and more!
Colorado Sports Betting Laws
It’s important to familiarize yourself with the Centennial State’s sports betting laws before placing bets. As mentioned, legal sports betting in Colorado became possible in May 2020 thanks to Proposition DD.
Some key things to keep in mind include the Colorado sports betting age. Currently, players must be 21 years or older to bet on their favorite app and sports teams, as well as in person.
In-person and online betting can only be conducted at one of the state’s licensed facilities or apps.
This means placing a bet on an unregulated sporting event, including high school events, or through an unauthorized sports betting app or location, which is highly illegal.
Check The Colorado Limited Gaming Control Commission and the Colorado Division of Gaming’s website for a continuously updated list of licensed vendors.
All legal sportsbooks In Colorado 2024
Currently, there are 13 sports betting apps in Colorado that are fully licensed by The Colorado Limited Gaming Control Commission and the Colorado Division of Gaming. These include the following:
- Fanatics
- Bet365
- BETMGM
- BETRIVERS
- Bally Bet
- Bet Monarch
- Caesars
- Circa Sports
- DraftKings
- ESPNBet
- FanDuel
- Smarkets
- Sporttrade Colorado, LLC
These sports betting apps allow you to place bets on your favorite Colorado sports teams without leaving the comfort of your home. However, some are arguably better than others. Consider the following elements when choosing the best sports betting app to place bets on.
Bonuses and Promotions
Bonuses and promotions are an excellent way to cash in on prizes, increase your bankroll, and be rewarded simply for signing up for a sports betting app. In addition to bonus dollars, you can also get rewarded by referring a friend.
Getting access to promotions encourages players to keep coming back for more and reduces the total amount you have to pay to play!
Player Rewards
Rewards are another great way to be rewarded, and they can be done simply by placing bets. Big-name sportsbook operators like Caesars have competitive reward systems. These include destination getaways and reward credits to use in-person or in the sportsbook app.
Licensing and Security
Proper licensing is critical when choosing a sportsbook app. Make sure your app is licensed through the state of Colorado and that it is a trusted and secure app. While you might want to bet on unauthorized games or use unauthorized apps, these offer little protection for your funds.
Best Sports Betting App Colorado Players Will Enjoy
Using these criteria above, we’ve gathered some of Colorado's top sports betting apps you’ll enjoy. Whether you’re a new or more seasoned sports bettor, look at these apps and see if they’re worth the signup!
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DraftKings
DraftKings is one of the most well-established sports betting apps in the Nation. If you’re wondering if DraftKings is legal in Colorado, it is! You can use their sportsbook or fantasy sports app to bet on your favorite teams.
Current Sign-Up Promo: Get $1,000 in DK dollars when you deposit $5.
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FanDuel
FanDuel is yet another highly reputable sports betting app. Thanks to its geolocation usage, you can use this app from anywhere within the boundaries of Colorado. FanDuel players can enjoy a wide range of exclusive offers, an easy sign-up process, and a refer-a-friend bonus.
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Caesars
Caesars is known worldwide for its casinos and gambling. However, it's also an in-person and online sports betting destination. Caesars offers some of the most competitive rewards programs, including access to 50 destinations worldwide where you can use your rewards.
Current Sign-Up Promo: Get your first cash bet back up to $1000
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BetMGM
BetMGM is yet another titan in the casino and sports betting industry. Colorado players can enjoy various perks when using their online sports betting app. These include access to their BetMGM Rewards Program, continuous promos, and more!
Current Sign-Up Promo: Recieve lost bets back up to $1,500
History of Sports Betting in Colorado
Colorado’s journey to legalizing sports betting began in 2019 when Proposition DD was put to a vote. The proposition, which aimed to legalize sports betting in the state, passed with 50.8% of the vote in November 2019. This pivotal moment paved the way for sports betting to officially launch in the state on May 1, 2020.
Since then, the Colorado sports betting market has experienced rapid growth, with numerous online sportsbooks and retail sports betting locations opening their doors to eager sports bettors. The legalization has not only provided a new form of entertainment but also contributed significantly to the state’s economy.
Current State of Sports Betting in Colorado
The current state of sports betting in Colorado is nothing short of thriving. With 22 legal online sportsbooks operating in the state, sports bettors have a plethora of options to choose from.
The Colorado sports betting industry has seen remarkable growth since its inception, with many sports betting apps and online sportsbooks reporting impressive revenue figures.
The state’s sports betting market is expected to continue its upward trajectory, with experts predicting it will become one of the largest sports betting markets in the country. This growth is a testament to the robust regulatory framework and the enthusiastic participation of Colorado sports bettors.
Funding Your Betting Account in Colorado
Funding your betting account in Colorado is a straightforward process, designed to be as convenient as possible for sports bettors. You can use a variety of payment methods to deposit funds into your accounts, including credit cards, debit cards, e-wallets, and bank transfers.
Most online sportsbooks in Colorado offer a range of payment options, ensuring that every sports bettor can find a method that suits their needs.
Payment Methods for Online Sports Betting
Some of the most common payment methods for online sports betting in Colorado include:
- Credit cards: Visa, Mastercard, and American Express
- Debit cards: Visa, Mastercard, and Discover
- E-wallets: PayPal, Skrill, and Neteller
- Bank transfers: ACH and wire transfers
- Prepaid cards: PayNearMe and other prepaid card options
These options provide flexibility and convenience, making it easy to fund your betting account and start placing bets.
Minimum and Maximum Deposit Limits
The minimum and maximum deposit limits for online sports betting in Colorado vary depending on the sportsbook and payment method. Most online sportsbooks have a minimum deposit limit of $10-$20, while the maximum deposit limit can range from $1,000 to $10,000 or more.
It’s always a good idea to check with your sportsbook to confirm their specific deposit limits and any associated fees. This ensures you can manage your funds effectively and enjoy a seamless betting experience.
Colorado Sports Betting App FAQs
How Old Do I Have to Be When Sports Betting in Colorado?
All players must be 21 years or older when placing bets. You must also keep your sportsbook app account private from other players.
How Do I Download a Sports Betting App on My Phone?
Navigate to the site you want to download, such as BET365 or DraftKings. These sites will direct you to their sportsbook app store, which can be the Apple Store, Google Play Store, or both. Download the app and sign up for an account.
Can I Win Real Money From Sports Betting?
Yes, you can win real money betting with sportsbook apps in Colorado. You’ll need to research which teams are likely to win, bet in parlays, and wager real money first.
Where Are Some Colorado Sports Betting Locations?
In addition to Colorado sports betting apps, there are also several sports betting locations in Colorado. These include Ameristar Casino Black Hawk, Lady Luck Casino Black Hawk, and Bally's Black Hawk North Casino. Check the Colorado Department of Revenue Website for updated retail locations.
Can I Bet on Sports From Home?
Absolutely! Although these licensed sportsbook apps have an associated casino attached to their name and license, you can still bet from your sportsbook app while at home. This changes state by state, so check your local laws.
Final Verdict: Is sports betting legal in Colorado?
Yes, sports betting is fully legal in Colorado, with licensed apps and retail locations offering secure and enjoyable betting experiences for residents. Since its legalization in May 2020, Colorado has seen a booming sports betting market, supported by top platforms like Fanatics, Bet365, and BETMGM.
These platforms not only provide a broad selection of sports to bet on but also offer enticing promos, user-friendly apps, and strong player rewards programs that enhance the betting experience.
For Colorado residents looking to get started, it’s essential to choose a licensed platform, ensuring both security and compliance with state laws. With various trusted options available, sports fans can enjoy betting confidently, knowing they are part of a robust and regulated market that continues to
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.
