betting colorado sports betting

Colorado sports betting has gained serious traction over the past couple of years. There are ample choices for bettors to place wagers at, including land-based locations.

In this guide, we will provide the full lowdown on the most reputable sports betting sites, discuss the tax situation and we answer a few FAQs. Buckle in for our whistlestop tour!

Colorado Sports Betting Sites

List of the Best Sportsbooks in Colorado

Colorado is swarmed with online sportsbooks, however, the ones we recommend are offshore sites. Below, are the top 10 operators that Centennial State residents should try out:

  1. BetOnline – Overall best Colorado sports betting site
  2. XBet – Excellent CO sports betting site for beginners
  3. MyBookie – One of the finest CO sportsbooks for mobile betting
  4. BetUS – Extremely generous welcome bonus for a Colorado sports betting site
  5. Bovada – Superb live streaming platform for CO sports betting fans
  6. Sportsbetting.ag – Wide range of soccer odds available
  7. BUSR – Solid operator for horse racing
  8. Everygame – Provides quick payouts for CO residents
  9. BetAnySports – Great site for making prop builders
  10. Jazz – Good range of college basketball markets

Timeline: Legal Colorado Sports Betting Developments

After much deliberation, Colorado sports betting finally got over the line a couple of years ago. But how did it get there? We have charted the key turning points in this timeline:

  • 1958 – Colorado amends the state constitution to permit charitable gaming.
  • 1974 – Harness racing starts in the state, but it lasts for three years before it is abolished.
  • 1983 – The Colorado Lottery begins selling tickets, but only scratch-off tickets are allowed.
  • 1991 – The gaming initiative formally becomes law. This means that casinos aren’t allowed to operate 24 hours a day.
  • 2000 – The state lottery rolls out mega jackpots, such as Mega Millions and Powerball.
  • 2009 – Wagering limits are increased from $5 to $100 per bet. Roulette and craps are available at Colorado casinos.
  • 2014 – Governor John Hickenlooper bars greyhounds racing, and no greyhound races have been run in the state since 2008.
  • 2019 – Casinos in the state are allowed to offer retail and sports betting services after approval of HB19-1327.
  • May 2020 – Online sports betting is rolled out in the state before casinos are forced to close in the wake of the COVID-19 pandemic.

Reviews of the Best Betting Sportsbooks in Colorado

So, what makes the best online sportsbooks in Colorado stand out? We have given you the lowdown with a series of mini reviews.

1. BetOnline – Overall best Colorado sports betting site

BetOnline lobby

BetOnline is a brilliant all-rounder, and the platform is seamless for in-game betting. That aside, it provides in-depth coverage of most sports, so if you are after the best NBA picks throughout the season, then BetOnline will be the place for you.

Indeed, BetOnline has managed to push the needle and it leaves no stone unturned in its quest to provide a great sports betting experience for its customers. It is among the best MLB betting sites we have come across, especially when the World Series rolls around and it has a huge customer base.

BetOnline is also very versatile as a payment provider. So, whether you wish to use credit and debit cards, checks, wire transfers, or money orders, BetOnline will facilitate deposits. This also extends to cryptocurrencies, Bitcoin, Ethereum, and Litecoin.

You can collect the bonus by entering the BetOnline promo code INSIDERS. While the opening offer is solid, it’s not as competitive as other sites. Nevertheless, BetOnline facilitates quick withdrawals, and there is a 24/7 live chat service to tackle any queries.

Pros:

  • Versatile payment provider
  • Superb live betting platform
  • One of the best MLB betting sites in Colorado
  • Diverse range of markets

Cons:

  • No official mobile betting app

2. XBet – Excellent CO sports betting site for beginners

XBet sportsbook lobby Colorado

For newbies looking to dip their toes into the world of Colorado sports betting, then they will be pleasantly surprised by XBet. This offshore operator is extremely user-friendly and you will find competitive odds to liven up your betting slip.

Usually, XBet is very efficient in terms of posting prices ahead of schedule and you will also encounter intriguing features, such as odds boosts where you can get heavily inflated prices. We particularly liked the Top Bets section which will be rather fulfilling for placing NFL bets.

There are plenty of payment options for deposits, as XBet allows you to fund your account in several ways, including MasterCard, VISA, Bitcoin, and Litecoin. Wire transfers and check payments are not listed on the website, but this may be arranged through the operator’s support team.

The XBet promo code entails a match deposit bonus which will be gratefully received. Oh, and the mobile site is conducive for pre-match and live wagers. It offers a seamless betting experience for both Android and iOS users, and it replicates practically everything you will find on the desktop-based version of the site.

Pros:

  • Lines displayed promptly before the biggest events
  • Great site for newbies
  • Odds boosts
  • Plenty of deposit options, including cryptos

Cons:

  • Welcome bonus smaller than other sites

3. MyBookie – One of the finest CO sportsbooks for mobile betting

MyBookie UFC betting lines Colorado

When it comes to mobile betting, MyBookie is a bit of a juggernaut. Whether you have an iOS or Android device, you will be able to access a full slate of odds across major sports, and it is perfect for in-play betting should you wish to tweak wagers.

Indeed, MyBookie is well covered in terms of US sports, but it also has competitive odds for more niche sports. MyBookie is one of the best UFC betting sites and you will be able to tap into excellent Moneyline prices, as well as other spreads and totals.

But the news and tips section is what helps MyBookie stand out. You will be able to glean insights from the site’s in-house army of writers who will readily provide expert analysis ahead of the biggest events.

Let’s not forget either that MyBookie accepts traditional payment methods, such as MasterCard and VISA, but it is also handy for crypto users, who prefer to bet with Bitcoin, Ethereum, or Litecoin.

Pros:

  • Excellent mobile betting platform
  • Brilliant news and tips section
  • Superb UFC betting site
  • Reliable site for making crypto deposits

Cons:

  • Maximum deposit limits for some payments can be quite small

4. BetUS – Extremely generous welcome bonus for a Colorado sports betting site

BetUS NHL futures Colorado new

Some Colorado sportsbooks that provide an enriching experience, and this is the case with BetUS. Indeed, this operator which boasts over 25 years in the field, blows its rival out of the water with its exceptionally generous welcome bonus which you can collect by entering the BetUS promo code INSIDERS when prompted. It is the best bonus we have come across.

The sportsbook coverage is very meticulous and you can navigate your way around the site with ease. It is very inviting from a design perspective, and BetUS has a full roster of sports in its lobby, including tennis and cycling.

Also, at BetUS, you can deposit and withdraw using credit cards, cash transfers, bank wires, and cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. If you’re wary of providing your credit card information through an online form, you can fund your account via telephone by calling 1-888-51-BetUS (23887).

Pros:

  • Exceptionally generous welcome bonus
  • Can make bets via phone
  • User-friendly site
  • Sportsbook coverage is very meticulous

Cons:

  • Limited payment choices

5. Bovada – Superb live streaming platform for CO sports betting fans

Bovada NFL futures Colorado

While there are plenty of excellent CO sportsbooks, few have live streaming like Bovada. It boasts one of the best live streaming platforms, so if you are on the move, players can get unfettered access to their favorite teams.

However, Bovada isn’t a one-trick pony. It also has a great prop builder. So, those who enjoy customizing bets, they can do so seamlessly. Aside from traditional sports, such as NBA, NFL, and MLB, you will also find niche sports to wager on, including snooker and handball.

You can activate the Bovada bonus code with little hassle, and it is one of the most competitive we have found. Making deposits and withdrawals are very straightforward too. Accounts can be funded using Bitcoin Cash or Litecoin, and payments are usually processed within a matter of hours.

The customer support section is quite extensive, and users can access a 24/7 live chat facility in case they experience trouble online.

Pros:

  • Prop builder function incorporated
  • Great Colorado sports betting site for live streaming
  • Good operator for making crypto deposits
  • Covers niche sports well

Cons:

  • No email support offered

6. Sportsbetting.ag – Wide range of soccer odds available

Sportsbetting.ag promos Colorado

Some sites have their specialties, and this is epitomized by Sportsbetting.ag. They have some of the best soccer odds, so if you wish to bet on the top leagues, such as the English Premier League, you will see the operator is deluged with a wealth of lines, such as total goals over/under, futures, and other prop bets.

Esports aficionados are well catered for as you will find markets for CS:GO, League of Legends, and Dota 2. Here, you will be able to stream live matches from the biggest tournaments across the world.

Sportsbetting.ag accepts a wide range of crypto payments, including Bitcoin, Ripple, Litecoin, and Ethereum. Typically, you will need to deposit a minimum of $20 and the maximum amount usually imposed is $100,000. The Sportsbetting.ag promo code for new players shouldn’t be scoffed at either.

On the customer support side of things, Sportsbetting.ag doesn’t disappoint, as there is a live chat facility, so if you run into any difficulties online, you can speak to a bot and they will be able to tackle any queries.

Pros:

  • Superb site for soccer odds
  • Live chat facility
  • Deep range of Esports markets
  • Accepts a wide range of crypto payments for deposits

Cons:

  • Website needs modernizing

7. BUSR – Solid operator for horse racing

BUSR Racebook

BUSR has adeptly combined the dual demands of being a great sportsbook and racebook, and it is one of the best horse racing betting sites we have seen. The operator is inundated with all the latest thoroughbred races in the US and Europe, so you can locate the meets that appeal most.

Like Sportsbetting.ag, BUSR is well covered when it comes to Esports, as you will find plenty of pre-match and in-play lines for LoL and CS:GO.

Not only that, but if your preference is to bet with crypto, then BUSR delivers as you can make deposits with Bitcoin and Litecoin. The BUSR promo code can be activated if you wish to collect a matched deposit and it is quite an attractive offer.

BUSR has also developed a reputation for being well versed in providing good customer service. There is an extensive FAQs section, as well as a contact form, phone number, and live chat facility if you want to speak to a member of the team.

Pros:

  • Bitcoin accepted
  • Reliable racebook
  • Good customer support options
  • Healthy range of Esports markets

Cons:

  • Relatively small number of payment methods

8. Everygame – Provides quick payouts for CO residents

Everygame lobby

Everygame is quickly earning a reputation as one of the best Colorado sports betting sites for providing quick payouts. At Everygame, you will find a solid range of options for making withdrawals, especially when it comes to e-wallets, as you can carry out transactions using Skrill, Neteller, or ecoPayz.

Moreover, Everygame has a wide range of sports markets for bettors to explore, so whether you like NFL or NBA, or even niche sports, such as Aussie Rules and table tennis, you are bound to find it here.

Everygame is also held in high regard when it comes to Esports betting, as you will notice markets for CS:GO and Dota 2. Like the main sports library, this will be separated into outright lines and top bets.

There is a neat section of the site entitled Hottest Bets, which draws the bettors’ attention to some of the most insightful picks outlined by Everygame. The Everygame bonus, meanwhile, for new players is worthwhile, and with customer support available 24/7, it makes this one of the best Colorado sportsbooks to place bets with.

Pros:

  • Provides quick payouts
  • User-friendly sportsbooks
  • Ongoing promotions run
  • Politics and entertainment markets available

Cons:

  • Small welcome bonus

9. BetAnySports – Great site for making prop builders

BetAnySports Colorado lobby

BetAnySports which doubles up as a casino, may not be as well known as some of the other AR sports betting sites on this list, but it is still rigorous in terms of its scope. Arkansas residents will find all the usual mainstream sports, but you can also find more left-field options in the Other Sports section, such as handball and water polo.

The props builder section is eye-catching, as you can choose your preferred prop, and filling in the betting slip is easy. You will also find an in-depth guide on how to compile a prop builder. The live section, meanwhile, is quite immersive so you can see what matches are in progress.

The only complaint we may have, is that the BetAnySports promo codes are more targeted towards ongoing players, but the welcome bonus is nevertheless still fair.

In terms of payments, BetAnySports accepts cryptocurrencies and it is one of the best Bitcoin betting sites in the industry. There are no fees incurred for making deposits, however, the range is considerably smaller compared to other offshore sites.

Pros:

  • Good site for making prop bets
  • Casino games offered
  • User-friendly Colorado sportsbook
  • Superb site for making Bitcoin deposits

Cons:

  • No mobile app

10. Jazz – Good range of college basketball markets

Jazz college football markets

Jazz hasn’t tried to be overelaborate, but it does the basics well. It is great for those seeking out college football and basketball lines where you will find regular season props and futures. However, the racebook is also eye-catching, as you can place exotic style wagers, such as exactas, trifectas, and superfectas on the most prestigious races in the US.

In terms of other sports, you will find cricket and rugby lines, while the fighting section incorporates MMA and boxing. For any given match, you will find the Moneyline and totals over/under section.

The Jazz bonus is quite enticing compared to some of its competitors, while the other promotions for existing players are also quite generous.

In terms of payments, Jazz facilitates cryptocurrencies as well as P2P deposits, although there is a maximum $500 transaction limit placed here.

Pros:

  • Good site for college football markets
  • Excellent range of sports covered
  • High transaction limits for some payment methods
  • Solid racebook

Cons:

  • No live streaming available

More on gambling in Colorado…

Learn about all types of online gambling in CO in our expert guides below:

Comparing Sportsbooks in Colorado

Now, that you have seen the top Colorado sports betting sites in action, let’s assess them across various criteria, such as live betting and sports markets available. Our table reveals more:

Sportsbook Sign-Up Bonus Bonus Code Sports to Bet On Live Betting Live Streaming
BetOnline 50% deposit match up to $1,000 INSIDERS Football, basketball, baseball, hockey, golf, and more

 

 

 

XBet 100% up to $500

 

INSIDERS NFL, baseball, ice hockey, tennis, and more

 

 

 

MyBookie 100% up to $1,000 INSIDERS Basketball, boxing, esports, horse racing, soccer, and more

 

 

 

BetUS 125% up to $3,125

 

INSIDERS Basketball, baseball, ice hockey, football, motorsports, and more

 

 

 

Bovada 100% Bitcoin match up to $750 INSIDERS Basketball, baseball, football, golf, soccer, tennis, and more

 

 

 

Sportsbetting.ag 50% up to $1,000

 

INSIDERS Hockey, baseball, basketball, football, esports and more

 

 

 

BUSR 100% up to $1,000

 

INSIDERS Basketball, American Football, Soccer, Baseball & More

 

 

 

Everygame 100% up to $150

 

INSIDERS American Football, Baseball, Basketball, Esports & More

 

 

 

BetAnySports 60% up to $1,000

 

INSIDERS American Football, Basketball, Soccer, UFC & more

 

 

 

Jazz 50% up to $1,000

 

INSIDERS American Football, Baseball, Basketball, Esports & More

 

 

 

Is Sports Betting Legal in Colorado?

So, is sports betting legal in Colorado? In short, yes. Online and offline sports betting were given the green light in November 2019 after voters approved the proposed HB19-1327.

Land-based is currently confined to three key areas – Black Hawk, Central City, and Cripple Creek. The Colorado sports betting arena is hugely competitive.

Since the full gamut of betting services were rolled out in 2020, bettors have been given more choice as to where to place wagers. The Colorado Division of Gaming oversees all sports-betting related activity in Colorado.

Who can Legally Bet on Sports in Colorado?

More than 20 online sportsbooks are currently operating in Colorado, but to bet at any one of them, the minimum age requirement is 21.

Offshore sportsbooks are slightly different as you can register an account if you are 18 or over.

How to Bet on Sports Online in Colorado

So, let’s see how you get started at a Colorado sports betting site. We have used the top-rated sportsbook in this guide — BetOnline — to illustrate the sign-up process.

Step 1: Create an Account

Firstly, head over to BetOnline. Once you are in the main sportsbook lobby, click on the ‘Join Now’ button which can be found in the top right-hand corner.

BetOnline Colorado sign up step one

Step 2: Verify Your Email

You will now be required to supply a series of personal details, such as name and address, and then click on the verification email sent by the BetOnline team to confirm your identity.

BetOnline step two verify new

Step 3: Make Your First Deposit

You will now be free to make your first deposit into your account. Choose from the options in the cashier section and make sure you collect the BetOnline promo code, which consists of a 50% match deposit up to $1,000.

BetOnline banking step three Colorado

Step 4: Start Betting

After completing the previous steps, you can bet as you wish. Head over to the main sportsbook lobby and line up your wagers!

BetOnline sign up part four

Previous Sports Betting Bills in Colorado

Compared to other states, Colorado hasn’t pushed through many sports betting bills, however, we have highlighted the main one that fell through or rather was revised.

2014

  • HB 14-1146 – Governor Hickenlooper threw a curveball by criminalizing betting on greyhound racing. It was expected it wouldn’t have an impact on the state as greyhound-racing regulators had already been eliminated.

Tax on Sports Betting Winnings in Colorado

Colorado currently has a flat state income tax of 4.63% and this replaced the traditional tiered system which had higher rates depending on how much you earned. All Colorado sports betting winnings and losses need to be reported on your IRS form.

The tax is on top of the 24% federal tax imposed, which will be withheld and paid to the IRS by casinos and other gaming providers in the state. You won’t be double taxed if you won money in another state, providing you can prove you won outside of Colorado state lines.

Payment Methods available at Colorado Betting Sites

For those keen on signing up for a Colorado sports betting site, you will want to be assured that you will have plenty of ways to bankroll your account and make withdrawals. The operators we have mentioned in this list are versatile and they will facilitate payments through a variety of traditional and more novel options.

Crypto Betting Options

Bitcoin is a trusted crypto option and it is free to use if you have a Bitcoin wallet. As such, Bitcoin is available at most offshore sportsbooks, including BetOnline and XBet.

XBet Colorado banking crypto

E-Wallet Betting Options

There’s more to e-wallets than PayPal. At Bovada, you can make deposits using Neteller and Skrill, and the processing times are quick.

Traditional Payment Methods

This is still a go-to option, and most, if not all sites will accept VISA and MasterCard. For peace of mind, we suggest you fill in a credit card authorization form.

Bonuses Available at Colorado Sportsbooks

Bonuses come in all shapes and sizes at the top Colorado sports betting sites. They act as a snapshot of the type of betting experience you will receive when you sign up. We have illustrated the three main types of promos you can tap into.

Match Deposit Bonuses

To get the ball rolling, match deposit bonuses will be quite enticing too. Whatever you deposit into your account will be matched by a certain percentage. Usually, a 50% or 100% matched deposit bonus is quite common, but at BetUS, this goes up to a whopping 125%.

BetUS Colorado promotions

No Deposit Bonuses

A No Deposit Bonus will reward players purely for signing up and at Colorado sports betting sites, you can tuck into free credits which are highly sought after.

Free Bets

New players may stumble across the best free bets offers, but be wary that to collect winnings, you will need to meet the steep wagering requirements, which are usually x30 or x40.

Popular Sports to Bet on in Colorado

Colorado has a rich sporting heritage, and so with that, there are plenty of sports markets to wager money on. We have run through some of the most popular sports that have captivated the attention of bettors:

NFL Betting

Bets on the NFL are rife at many sportsbooks, and in Colorado, you will find the best NFL betting sites will be well stocked with lines throughout the regular season as well as for the Super Bowl. We were particularly impressed with BetOnline and MyBookie. The Denver Broncos will be the team of choice for many CO residents.

BetOnline NFL

NBA Betting

Home to the Denver Nuggets, the NBA is huge in Colorado. At many of the best offshore sportsbooks, you will find point spreads, prop bets, and parlays. We rate Bovada very highly here.

MLB Betting

From the opening day of the new series to the World Series, betting on the MLB is a highlight. At BetOnline, you will be able to locate futures, prop bets and regular season lines.

NHL Betting

Many fans will gravitate towards the Colorado Avalanche, who have been crowned Stanley Cup champions in the past. At BetUS and XBet, they will be flooded with some of the best pre-game lines, and they are great for in-play betting.

NCAA Football

College football is very exciting in Colorado, especially when it gets to the playoffs or the latter stages of a national championship. Most offshore sportsbooks will also offer prop markets for which awards players will walk away with.

NCAA Basketball Betting

When March Madness rolls around, all eyes are on the collegiate basketball scene. Jazz obliges with some irresistible lines for this competition.

Golf Betting

Golf is huge in the US, and at many CO sportsbooks, they will have pre-tournament lines for all the biggest PGA Tour events. You will be able to locate specials too for how many Majors a player might capture in a season, and Bovada is great for golf betting.

Horse Racing Betting

BetUS and BUSR are big players when it comes to horse racing betting, and you will find exotic bets for a wide range of thoroughbred races across the world. Also, you will be able to wager on the biggest US meets, including the Preakness Stakes and Kentucky Derby.

DFS Betting

Colorado was one of the first states to legalize and regulate DFS betting in 2016. All of the major operators, including DraftKings and FanDuel operate in Colorado, so you can test your sporting knowledge against your friends in a series of contests.

Live Betting with Colorado Sportsbooks

All our reputable Colorado sports betting sites will facilitate live betting, so you can wager when the action unfolds, and you will see the odds fluctuate in real time. Most sportsbooks will have a stats center breaking down all the key incidents.

BetOnline provides a seamless live betting platform and it is one of the best cash out sportsbooks, so you can resolve wagers before the market closes.

Bets that are Illegal in Colorado

While Colorado doesn’t provide too many restrictions when it comes to sports betting, there are a couple of exceptions. You can’t bet on politics and awards ceremonies, such as the Academy Awards. Nevertheless, should you wish to bet on this, you will be able to make use of the sportsbooks we have referred to in this guide.

How Colorado Sports Betting Compares to its Neighboring States

Colorado is in a privileged position compared to some states. For example, Nebraska sports betting is yet to take off, and they are waiting for retail betting to be approved.

Meanwhile, Utah is ultra conservative and it could be some time for Utah sports betting materializes.

Casinos with Sports Betting in Colorado

If you are still wondering at this point is sports betting legal in Colorado, well you will find plenty of land-based casinos that will accept in-person wagers. We have listed the top 5 in the state:

Ameristar Casino Blackhawk

  • Address: 111 Richman St, Blackhawk, CO 80422, US
  • Opening Hours: Open 24 hours

With incredible views of the Rockies, the Ameristar Casino provides the perfect backdrop for placing bets, and aside from an in-house sportsbook, you will find an array of table games to enjoy here too.

Bronco Billy’s Casino

  • Address: 233 E Bennett Ave, Cripple Creek, CO 80813, US
  • Opening Hours: Open 24 hours

Voted the best casino for 10 years in a row, Bronco Billy’s has become a haven for sports betting. You can bet using the casino’s mobile app and there are plenty of fine restaurants if you are after a bite to eat.

Century Casino

  • Address: 102 Main St, Central City, CO, 80427
  • Opening Hours: Open 24 hours

Providing an immersive gaming experience, Century Casino is located just 45 minutes west of Denver, and aside from having a sportsbook, the casino hosts regular bingo events.

Colorado Grande Casino

  • Address: 300 E Bennett Ave, Cripple Creek, CO 80813, US
  • Opening Hours: Open 24 hours

 Complete with hotel rooms and a coffee bar, Colorado Grande Casino is a superb place for making sports wagers and you will find multiple options here.

Easy Street Casino, Central City

  • Address: 120 Main St, Central City, CO 80427, US
  • Opening Hours: Monday to Sunday, 8am -2am

 This land-based casino is flushed with sports betting options and it also has a wide array of hot new slots and video poker choices.

The Best Sportsbook for Colorado

Colorado is blooming from a sports betting perspective, and it will only continue to grow. Our research has shown BetOnline to be the best sportsbook across key performance indicators, such as live betting and sports coverage. So, what are you waiting for? Don’t pass up the opportunity to sign up for BetOnline today.

FAQs

Can I bet on sports in Colorado?

Is it legal to bet on sports in Colorado?

Which sports betting apps work in Colorado?

Do Colorado casinos have sportsbooks?

Charles Perrin

Charles is highly self-motivated and accomplished digital sports editor with a keen interest in football, golf and tennis.