Safe, legal and regulated sports betting has arrived in Colorado, courtesy of Proposition DD, a ballot measure that narrowly passed in November 2019. The law set the stage for sports betting at online websites, mobile apps and brick-and-mortar sportsbook lounges in the state.
Best Colorado online sportsbooks
What’s new at Colorado online sportsbooks October 2020
Welcome Colorado sports fans to the world of legal and regulated online sports betting. Patience has paid off for Colorado sports bettors who, after months of no American sports in play, are now treated to seemingly endless action every day of the week.
It wouldn’t be October without MLB playoffs and the NFL season in full swing, but Colorado sports fans are treated to a dynamic NBA finals matchup between the LeBron led Lakers and the Miami Heat led by Jimmy Butler. Tennis fans are watching their second major tournament just a few weeks apart with the French Open rolling into its second week and a limited, but still exciting slate of College Football keeps the action rolling all weekend.
Be sure to check out our sports betting page for a full breakdown of all the top bonus offers, full breakdowns of all the top online sportsbooks, including how to claim the bonuses, banking options, available betting markets and more!
Lets take a look at more exciting news in the world of Colorado online sports betting.
- PointsBet becomes the first online sportsbook to partner with a collegiate sports program when they announced a deal with the University of Colorado.
- DraftKings, FanDuel, BetMGM and BetRivers sportsbooks all launched their online sportsbooks on May 1, 2020, the first day they were legally able to do so, followed by FOX Bet online sportsbook launched on May 19, 2020.
- Elite Sportsbook launched in Mid-August offering a $1000 bonus offer.
- William Hill retail sportsbook opens for business at Lady Luck casino just weeks after DraftKings opened their book at Mardi Gras Casino.
- Sportsbetting.com launches their online sportsbook with an exciting $500 risk-free week of betting.
Its a very exciting time to be a sports fan in Colorado, so be sure the check back often for all your up to date news on who and when will be next to launch, updated bonus offers and everything else you need to know about Colorado online sports betting.
Full list of legal CO online sportsbooks and apps
|Online Sportsbooks||Bonus Offer||Casino Partner||Online Launch|
|FanDuel||Get Bonus||Golden Gates Casino||5/1/20|
|DraftKings||Get Bonus||Golden Gulch Casino||5/1/20|
|BetRivers||Get Bonus||JP McGill's Hotel & Casino||5/1/20|
|DraftKings & FanDuel||Get Bonus||Mardi Gras Casino||5/1/20|
|BetMGM||Get Bonus||Midnight Rose Casino||5/1/20|
|FOX Bet||Get Bonus||Lady Luck Casino Black Hawk||5/19/20|
|BetMonarch||-||Monarch Casino Resort Spa||5/14/20|
News Updates View all CO Sports Betting News
The amendments pave the way for Colorado sportsbooks to begin offering sports pick’em contests as early as next month.→
Tipico, a German-based sportsbook provider, is expected to gain online market access to Colorado through the partnership.→
A ballot initiative would allow voters in Black Hawk, Central City and Cripple Creek to make some gaming decisions.→
Sports Betting in Colorado FAQ Answers to Common Questions and Concerns
HOW MANY AND WHICH BRANDS DO I HAVE TO CHOOSE FROM?
In theory, each one of Colorado’s 33 gambling properties could launch an online sportsbook under a different brand name. However, some casinos have chosen to use the same software provider. Still, the state’s regulatory framework will allow for a wide assortment of options for bettors to shop around for the most attractive lines, promotions and smoothest sportsbook app experiences.
WHICH BRANDS ARE THE MOST WELL-KNOWN AND TRUSTWORTHY?
Entrants into the Colorado market include heavy hitters such as: DraftKings, FanDuel, William Hill and PointsBet USA, which has established its Western hub in Downtown Denver. Daily fantasy sports giants DraftKings and FanDuel have dominated market share in the New Jersey, Pennsylvania and Indiana and are positioned to attain similar success in Colorado. As far as safety is concerned, you need not worry — sports betting in CO is highly regulated, so your money is always safe.
WHAT TYPES OF SPORTS BETS CAN I MAKE?
A full slate of bet types are available, including spread bets, moneyline, game and player props, totals, parlays, teasers, futures, in-game wagers and more.
State regulations allow operators to take action on college sports events, as well as events on the international stage such as the Olympic Games. Licensed sportsbooks are prohibited, however, from offering bets on high school sports events and video games that are not sanctioned by a sports governing body. In addition, bettors are restricted from placing prop bets on individual college athletes.
CAN I PLAY FROM OUT OF STATE?
No, players must be physically within Colorado state lines in order to place bets for real money.
DO I HAVE TO BE A RESIDENT IN ORDER TO PLAY?
While persons under the age of 21 are prohibited from placing legalized sports bets, out-of-state residents of age are eligible to wager on sports.
HOW WILL THE SITE KNOW THAT I'M IN COLORADO?
Colorado regulations require sportsbook operators to utilize a geofencing system in order to reasonably detect the physical location of a bettor who is attempting to place unauthorized sports wagers outside of the state.
IS IT POSSIBLE TO BET VIA KIOSK AT ANY BRICK-AND-MORTAR LOCATIONS?
Although the commission permits sportsbook operators to allow wagering through kiosks, all self-service sports betting devices must be certified by an independent testing laboratory. Additionally, all self-service betting kiosks must be located in approved designated sports betting wagering areas, according to Colorado regulations.
WERE ONLINE CASINOS AND POKER SITES LEGALIZED TOO?
No. Both online poker and other forms of online casino games remain illegal in Colorado.
WHO IS IN CHARGE OF REGULATING CO SPORTS BETTING?
The LGCC is tasked with overseeing the activity in the state. The commission approved a set of regulations in 2020 crafted by the Colorado Department of Revenue’s Division of Gaming, which will assist in enforcing the rules.
HOW DOES CO'S TAX AND FEE STRUCTURE COMPARE TO OTHER STATES?
With a 10% tax rate on the net revenues of land-based and online sportsbooks, Colorado has designed a tax structure that is fairly similar to other jurisdictions such as New Jersey and Indiana. The structure is less favorable for operators in several other states, most notably Pennsylvania and Rhode Island. The state’s licensing fees are also a bargain compared to states such as Illinois, which will assess a $1 million renewal every four years.
Colorado Sports Betting Legislation More On CO's Sportsbook Bill
What’s in the bill
Here are the main points of the law broken down:
- Who can play: Anyone 21 years and up who is physically inside the state.
- Betting locations: Via brick-and-mortar locations, mobile and internet-connected devices.
- Who will regulate: Colorado Limited Gaming Control Commission (LGCC)
- Operator tax rate: 10%
- Annual licensing fee: $125,000 upon license approval, plus an annual sports betting operations fee. Colorado regulations authorize the commission to set the operations fee before June 1 of each fiscal year.
- Where the taxes go: State water projects, funding for the state homeless population and gambling addiction treatment programs.
Why this bill is good for Colorado sports bettors
More than almost any state in the nation, bettors in Colorado may benefit immensely from mobile betting. State casinos are mostly located in remote mountain communities that can be difficult to reach at times. Few bettors will want to negotiate steep, windy roads in the middle of a winter storm. The mobile component gives bettors the option of registering for accounts and betting from their homes when a trip to a casino can be a little treacherous.
What’s more? Colorado has developed a licensing structure that should create a vibrant marketplace, replete with options for recreational and sharp bettors alike. Numerous operators offer creative promotions through boosted bets and free wagers in an effort to attract new customers. Consequently, a highly competitive marketplace will enable bettors to collect favorable payouts that may not be available in other states.
How Colorado sports betting was made possible
A bill legalizing sports betting moved through the Colorado Legislature expeditiously, passing in the Senate in May 2019, less than a month after it was first introduced. Weeks later, Gov. Jared Polis signed off on the bill. Despite Polis’ signature, state law required the measure to be put to a public referendum. Since sports betting was not legal under the state’s criminal code at the time, a referendum was required to amend it.
On Election Night, the referendum, Proposition DD, passed by a narrow 51.4% to 48.6% margin. With more than 1.5 million votes cast, the proposition passed by a mere 43,982 votes. Under the measure, Colorado will increase state taxes by $29 million annually to fund state water projects and commitments and to pay for the regulation of sports betting.
Sports betting kicked off in the state on May 1, 2020, when four well-known sports wagering operators launched online and mobile apps.