Colorado Sports Betting – Best Colorado Online Sportsbook Apps 2020

Legal sports betting has landed in Colorado. The state approved sports betting with Proposition DD, which passed on Election Night in November 2019. Four online sportsbooks accepted their first bets on May 1, 2020, officially opening the sports betting market in the Centennial State.

Best Colorado sportsbook sites

Rank
Casino
Offers
Features
1

$250 Bonus

Only 1x Wager Applies, Playable in CO Only

  • Easy to Clear, Generous Bonus
  • Simple Withdrawals, Deposits
  • Unmatched Loyalty Program
  • Excellent Teaser Pricing
2

Up to $1,000 Bonus

21+. CO only. Eligibility restrictions apply. See website for details.

  • Loaded Promotional Schedule
  • Tons of Player Props
  • Best Teaser Pricing
  • Up-to-the-Second Live Betting
3

$1000 in Bonuses

  • $500 Risk-Free + $500 Match
  • PayPal Deposits, Withdrawals
  • Offers Custom Bets
  • Backed by FOX Sports

Colorado online sports betting: Everywhere you can play

The following table shows the recipients of a “Master Sports Betting License,” their online sportsbook partner(s) — the ones that have been announced — and their respective launch dates. We will update this page regularly as new partnerships are announced, and when new books open.

Online SportsbooksBonus OfferCasinoOnline Launch
FanDuelGet BonusGolden Gates Casino5/1/20
DraftKingsGet BonusGolden Gulch Casino5/1/20
BetRiversGet BonusJP McGill's Hotel & Casino5/1/20
FOX BetGet BonusLady Luck Casino Black Hawk5/19/20
FanDuel and DraftKingsGet BonusMardi Gras Casino5/1/20
BetMGMGet BonusMidnight Rose Casino5/1/20
BetMonarch-Monarch Casino Resort Spa5/14/20
Penn Interactive SportsAmeristar Black HawkTBD
BetAmerica, Smarkets, Wynn SportsBronco Billy's CasinoTBD
William HillLady Luck Casino, Isle of Capri Black HawkTBD
Circa SportsCentury Casino Central City, Century Casino Cripple CreekTBD
PointsBet USADouble Eagle Hotel & CasinoTBD
BetfredSaratoga CasinoTBD
SuperBook USA, theScore BetThe Lodge Casino at BHTBD
ISI Race & SportsWildwood CasinoTBD
TBDBrass Ass CasinoTBD
TBDBull Durham Saloon & CasinoTBD
TBDChristmas Casino & Inn At Bronco Billy'sTBD
TBDColorado Grande HotelTBD
TBDDostal AlleyTBD
TBDEasy Street CasinoTBD
TBDFamous Bonanza CasinoTBD
TBDGilpin Hotel CasinoTBD
TBDGrand Z CasinoTBD
TBDJohnny Nolon'sTBD
TBDJohnny Z CasinoTBD
TBDRed Dolly CasinoTBD
TBDZ Casino Black HawkTBD

More than three dozen sportsbook operators have been issued licenses by the Colorado Limited Gaming Control Commission (LGCC), including heavyweights FanDuel Sportsbook, DraftKings Sportsbook, William Hill U.S., FOX Bet, and BetMGM.

Others such as PointsBet USA Sportsbook, Rush Street Interactive, and the SuperBook USA have entered the fray as well, contributing to a broad, highly competitive marketplace. Consequently, customers stand to benefit from favorable odds and attractive pricing across the board throughout Colorado.

CO sportsbooks broken down by licensee

Century Casinos, Inc.

1) Century Casino & Hotel Cripple Creek

  • Type: Brick & mortar
  • Location: 200 E Bennett Ave, Cripple Creek, CO 80813

2) Century Casino & Hotel Central City

  • Type: Brick & mortar
  • Location: 102 Main Street, Central City, CO 80813

Century Casino licensed sportsbooks/skins

  • Circa Sports

Colorado Casino & Resorts, Inc.

1) Double Eagle Hotel & Casino

  • Type: Brick & mortar
  • Location: 442 E. Bennett Ave, Cripple Creek, CO 80813

Double Eagle-licensed sportsbooks/skins

  • PointsBet USA Sportsbook

Eldorado Resorts

1) Lady Luck Casino Black Hawk

  • Type: Brick & mortar
  • Location: 340 Main St, Black Hawk, CO 80422

2) Isle Casino Hotel Black Hawk

  • Type: Brick & mortar
  • Location: 401 Main St, Black Hawk, CO 80422

Eldorado-licensed sportsbooks/skins

  • William Hill US
  • FOX Bet Online Sportsbook

FHR Colorado LLC

1) Bronco Billy’s Casino

  • Type: Brick & mortar
  • Location: 233 E. Bennett Ave, Cripple Creek, CO 80813

FHR Colorado-licensed sportsbooks/skins

  • Churchill Downs (BetAmerica)
  • Smarkets
  • Wynn Sports

Gaming and Leisure Properties, Inc.

1) Ameristar Casino Resort Spa Black Hawk

  • Type: Brick & mortar
  • Location: 401 Main St, Black Hawk, CO 80422

GLPI-licensed sportsbooks/skins

  • Penn Interactive Sports

Jacobs Entertainment

1) The Lodge Casino

  • Type: Brick & mortar
  • Location: 240 Main St, Black Hawk, CO 80422

2) The Gilpin Casino

  • Type: Brick & mortar
  • Location: 111 Main St, Black Hawk, CO 80422

Jacobs Entertainment licensed sportsbooks/skins

  • SuperBook USA
  • the Score

Triple Crown Casinos

1) The Brass Ass Casino

  • Type: Brick & mortar
  • Location: 264 Bennett Ave, Cripple Creek, CO 80813

2) JP McGills Casino

  • Type: Brick & mortar
  • Location: 232 Bennett Ave, Cripple Creek, CO 80813

3) Midnight Rose Casino

  • Type: Brick & mortar
  • Location: 256 Bennett Ave, Cripple Creek, CO 80813

Triple Crown licensed sportsbooks/skins

  • BetRivers
  • BetMGM

Twin River Worldwide Holdings

1) Golden Gate Casino

  • Type: Brick & mortar
  • Location: 261 Main St, Black Hawk, CO 80422

2) Golden Gulch Casino

Type: Brick & mortar
Location: 321 Main St, Black Hawk, CO 80422

3) Golden Mardi Gras Casino

  • Type: Brick & mortar
  • Location: 300 Main St, Black Hawk, CO 80422

Twin River-licensed sportsbooks/skins

  • DraftKings Sportsbook
  • FanDuel Sportsbook

What are the best locations for land-based wagering?

Casino gambling in Colorado is confined to licensed casinos in three historic mining settlements: Black Hawk, Central City, and Cripple Creek. More than half of the state’s casinos are located in Black Hawk, a small mountain community located about 40 miles west of Denver.

The former mining town is home to Ameristar Black Hawk Casino, one of the state’s largest casino properties. Ameristar offers an array of table games, featuring Blackjack, Head’s Up Hold’em, and High Card Flush. The table games have limits ranging from $5 up to $100. Smaller properties such as Lady Luck Casino Black Hawk and Golden Gates Casino offer an alternative for bettors looking for a more relaxed setting.

Located about 45 miles southwest of Colorado Springs, Cripple Creek is a former gold mining camp situated near Independence Mine, one of the largest gold strikes in U.S. history. Top casinos such as J.P. McGillis Hotel & Casino and Midnight Rose Hotel & Casino contain a unique facade befitting an early 20th century Western saloon. Central City, meanwhile, boasts small pubs like Dostal Alley Casino, Micro Brewery & Restaurant that draws rave reviews for its pizza, slot machines, and video poker terminals.

The Southern Ute Indian Tribe also owns and operates casinos in the cities of Ignacio and Montezuma.

The benefits of legal online sports betting

Regulated & safe

When wagering at a regulated Colorado sportsbook, players have to complete a strict verification process established in order to protect both their identity and their funds. Details on a customer’s verification must be kept in a secure manner, according to state regulations. In addition, operators are required to develop a documented reporting policy for alerting regulators upon the detection of a fraudulent account.

All licensees are required to maintain sufficient financial reserves in the form of cash or cash equivalents that are maintained separately from the licensee’s operational funds. A complete accounting of an operator’s reserve fund must be made available to the Colorado Limited Gaming Control Commission (LGCC) upon request. Sports betting in Colorado is regulated by the Department of Revenue’s Sports Betting Division with supervision from the LGCC.

Seamless and safe banking

Colorado customers can fund a sports betting account through numerous channels: cash deposit from a reloadable prepaid card, promotional credits, ACH transfers, and wire transfers, among others. The state also has fairly liberal rules pertaining to failed ACH transfers. A failed ACH transfer, under state regulations, is not considered fraudulent if the patron has successfully deposited funds via an ACH transfer on a previous occasion without recording any outstanding chargebacks.

When a customer attempts to withdraw funds from an account, an operator must abide by the request within five business days, according to state regulations. State regulations also require sportsbook operators to provide clear instructions for customers on how to close out an account. When an account is finally closed, operators are required to refund the remaining balance under the company’s internal controls.

Colorado also has strict guidelines in place for winner payouts to ensure that customers receive the prizes in a prompt, timely fashion.

It is considerably easier to withdraw funds from sportsbooks in Colorado in comparison with offshore books that operate on the black market. Those books are largely unregulated and can attach steep fees in connection with redemptions. Some unscrupulous operators are difficult to track down and may take weeks before completing a payout. At worst, the most abhorrent offenders may even close up shop without returning thousands of dollars in customer funds.

Colorado sports betting: FAQ

Are legal sports betting options live in Colorado?

Yes they are. The first legal sports bets were placed in Colorado on May 1, 2020.

Who is eligible to bet on sports in Colorado?

Legal sports betting is available to all persons physically located in the state of Colorado above the age of 21.

Is there online sports betting in Colorado?

Yes, online sports betting is live and active within the state of Colorado. With all of the state’s retail casinos located in distant mountain communities, mobile wagering is essential. You can sign up and place legal bets online.

What about mobile sports betting apps?

In addition to using a web browser, online wagering can be completed through a mobile app on both iOS and Android devices. More than almost any other state throughout the nation, mobile betting is critical to Colorado’s ability to develop a vibrant sports gambling market. The aforementioned historic mining towns are nestled in hard-to-reach mountain communities for large swaths of Colorado residents. Mobile sports betting gives customers the comfort of wagering from their couch after completing a seamless remote registration process.

What types of sports betting are supported?

Most sports bets are allowed in Colorado with the exception of proposition bets on wagers featuring college athletes. Regulations allow the following bet types:

  • Parlays
  • Totals
  • Money line
  • Pools
  • Straight bets
  • Teasers
  • Round Robins
  • Props
  • In-play wagers

Who is eligible for a sports betting license?

There are three main classifications for sports betting licenses in Colorado. Existing land-based casinos across the state are eligible to apply for a Master Sports Betting License, which permits the facilities to offer sports wagering inside the venues. As of April 1, 2020, all 33 Colorado casinos statewide applied for a master license, according to the Colorado Department of Revenue. The Colorado Limited Gaming Control Commission (LGCC) also issues Sports Betting Operator Licenses for brick-and-mortar partners and Internet Sports Betting Operator Licenses.

How much sports betting revenue does the state generate?

Based on a moderate tax on the net proceeds of an operator’s sports betting activity, Colorado initially estimated that the state would receive around $10 million in fiscal year 2020-21. The estimates were made prior to the 2020 global sports freeze that sidelined the majority of top sports leagues worldwide beginning in mid-March. The projections could be revised given the widespread casino closures brought about by the COVID-19 pandemic. Under the Colorado Taxpayer Bill of Rights (TABOR), any tax revenue collected by the state government that exceed a $29 million cap must be redistributed to taxpayers.

A brief history of legal U.S. sports wagering

When the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in May 2018, the high court effectively opened the floodgates allowing jurisdictions to decide whether to legalize sports betting on a state-by-state basis. Prior to the ruling, U.S. legal sports gambling only existed on a widespread basis in Nevada and in limited form elsewhere.

A formal opinion issued by the Colorado Attorney General office in August 2018 determined that sports betting is constitutionally permissible across the state. Essentially, former Attorney General Cynthia Coffman determined that sports betting is admissible under the state’s constitution since it does not conflict with Colorado standards on limited gaming. As a result, Coffman ruled that only a statutory change would be needed to approve sports betting rather than a constitutional amendment.

With franchises in every major North American professional sports league, including the three-time Super Bowl champion Denver Broncos and the NBA’s Denver Nuggets, Colorado could be one of the most robust markets nationwide. From a geographic perspective, Colorado could capitalize on the relative lack of mobile sports betting west of the Gateway Arch, specifically in the Intermountain West region.

Colorado’s sports betting law and framework

Colorado legislators fast-tracked a sports betting package in 2019 with relatively little opposition. The bill, HB 1327, levies a 10% tax on an operator’s net sports betting proceeds. Net sports betting proceeds in Colorado are defined as the total amount wagered at a given sportsbook minus the payout to bettors and a 0.25% federal excise tax levied on the total amount wagered.

Models developed by the sponsors of HB 1327 assume that the average hold percentage among Colorado operators will hover around 7%, based on historical trends in Nevada’s win amount, as well as trends among numerous states with newly adopted sports betting frameworks. On the off chance that the amount wagered differs considerably from the assumptions made in a Colorado fiscal note that accompanied the bill, tax revenue collected by the state could vary accordingly.