Colorado Sports Betting Online
Colorado certainly wasn’t among the first batch of states to dive headlong into sports betting online; the state’s bill wasn’t approved until the summer of 2019, and was subject to a public referendum since the implementation of legalized sports betting would lead to increased taxpayers for state residents.
The emergence of sports betting in The Centennial State was by no means a slam dunk; voters approved the legalization of sports wagering by a razor-thin margin in November 2019, setting the stage for Colorado to enter the sports betting landscape in the new year. And even with approval secured, it has taken several months for the process to advance to the point where legal sports betting finally became a reality on the morning of May 1, 2020.
Top Colorado Sportsbooks
We’ve found the following sportsbooks to be the best in certain areas for bettors, depending on the skill level, personal preferences, and what you’re looking for from a sportsbook.
- Best online sportsbook interface: DraftKings, FanDuel
- Best sportsbook for variety: BetMGM
- Most Colorado-connected sportsbook: PointsBet
- Best sportsbook for navigation: FanDuel
- Best sportsbook for new players: Caesars
Colorado Sports Betting At-A-Glance
- Colorado sports betting launched in both online and retail formats in May 2020.
- You must be 21 or older to bet on sports in the state.
- All sportsbook apps must be partnered with casinos located in Colorado.
- Colorado does not permit esports betting, nor does it allow betting on high school sports or any event where most participants are younger than 18.
- Colorado sportsbooks booked more than $5 billion in wagers in their first 18 months.
- The state taxes Colorado sportsbooks at a rate of 10%.
- Betting can take place both online and in physical sportsbooks.
- There is a $10,000 initial nonrefundable fee, followed by a two-year $125,000 licensing fee.
Types of Wagers Available in Colorado
Arizona sportsbooks will offer a wide range of bet types, including (but not limited to):
- Moneyline
- Over/Under
- Straight bets
- Single-game bets
- Teaser Bets
- Parlays
- Prop bets
- Futures
Sports Available to Wager on in Colorado
- Auto racing (NASCAR, Formula 1, IndyCar)
- Australian Rules Football
- Baseball (Major League Baseball, NCAA, Nippon Professional League in Japan and KBO League in South Korea, World Baseball Classic, Chinese Professional League)
- Basketball (NBA, Division 1 NCAA men’s and women’s basketball, WNBA, FIBA World Cup, EuroCup, EuroLeague, NBA Draft, several foreign leagues)
- Bowling (PBA)
- Boxing (IBF/WBA/WBC/WBO)
- Cycling
- Football (NFL, FBS NCAA football, Canadian Football League)
- Golf (PGA, LPGA, European Tour, Champions Tour)
- Hockey (NHL, NCAA, several foreign leagues)
- Lacrosse (NCAA and Major League Lacrosse)
- Mixed Martial Arts (UFC, Bellator, Professional Fighters League)
- Olympics (Winter and Summer Games)
- Rugby League and Rugby Union
- Soccer (Major League Soccer, English Premier League, Spanish La Liga, Italy Serie A, German Bundesliga, Europa, UEFA Champions League)
- Softball (NCAA)
- Tennis (Association of Tennis Players men’s, Women’s Tennis Association)
Sports Teams to Wager on in Colorado
- NFL: Denver Broncos
- NBA: Denver Nuggets
- MLB: Colorado Rockies
- NHL: Colorado Avalanche
- MLS: Colorado Rapids
- Collegiate: University of Colorado, Colorado State University
More State Overviews
Indiana Sports Betting
Pennsylvania Sports Betting
New Jersey Sports Betting
New York Sports Betting
Delaware Sports Betting
West Virginia Sports Betting
Nevada Sports Betting
Virginia Sports Betting
Michigan Sports Betting
Tennessee Sports Betting