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Sports Betting

10 Facts About Colorado Sports Betting, CO Online Sports Betting + Promo Codes

Sam Smith

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New to Colorado Sports Betting? Check out our $500 FREE Bet offers and everything you need to know about COL online sports betting apps

Let’s get into some Colorado sports betting basics and take you through what you need to know to get set up with the sportsbook of your choice, and how to get into online sports betting in Colorado. For more information, check out our main betting page. Check out our $500 FREE Bet offers and everything you need to know about COL online sports betting apps betting legal?

Table of Contents

1) Is Sports Betting Legal in Colorado?

Colorado state legislators passed through a sports betting bill last year, and taxpayers cast their ballots for its approval in the fall. As of May 1, 2020, sports betting is legal and active in the state of Colorado. This start date was implemented with the hopes of everything operating at top capacity in time for football season in the fall, which is the America’s most popular sport to bet on.

2) Is Online Sports Betting Legal in Colorado?

Colorado is planning on fully leaning into the online betting market. A number of companies and apps have expressed interest in making their services available in Colorado, and some of those are listed below. Under this online sports betting plan, you would need to be within the borders of Colorado, but you would not need to be a Colorado resident to use the various sportsbook apps.

While there is nothing official with regard to what apps will be live for Colorado sports betting, here are a few that have been made available elsewhere in the United States:

  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • PointsBet
  • Fox Bet
  • William Hill
  • 888
  • Bet365
  • BetAmerica
  • Caesars
  • MGM

Of course, other apps could become available once Colorado officially launches online betting, and there is also the chance that the state sponsors their own app for bettors to use, as is the case in nearby Montana.

3) What Promo Codes / Deposit Bonuses are available for me and How Can I Use Them?

DraftKings Sportsbook

On May 1, 2020, DraftKings mobile sportsbook opened its virtual doors in Colorado. Make sure to take advantage of DraftKings latest offer: a Deposit Bonus up to $1,000 for new users. 

CLICK HERE TO SIGN UP

If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL). Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA/MI), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), 1-888-532-3500 (VA) or call/text TN REDLINE 1-800-889-9789 (TN). 21+. NJ/PA/WV/IA/IN/CO/IL/TN/MI/VA only. Min. $5 deposit required. Deposit bonus requires 25x play-thru. Deposit bonus issued as site credits. Eligibility restrictions apply. See draftkings.com/sportsbook for details.

BetRivers Sportsbook

BetRivers also began taking bets in Colorado via its mobile sportsbook in Colorado on May 1, 2020.

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Sign up now and receive a $250 first deposit match bonus: CLICK HERE TO SIGN UP

BetMGM Sportsbook

BetMGM is one of the newer kids on the block but was one of the four sportsbooks offering action on day 1 in Colorado.

Sign up now and receive a risk free first bet up to $500:  CLICK HERE TO SIGN UP

FanDuel Sportsbook

FanDuel is also live now in Colorado.

Sign up now and receive a risk free bet up to $500. CLICK HERE TO SIGN UP.

4) What Sportsbooks and Online Sports Betting Apps are available in Colorado?

betrivers (Rush Street Interactive)
  • The website address will be www.betrivers.com.
  • Visitors in Colorado will be automatically redirected to http://co.betrivers.com.
  • Master: J.P. McGill’s Hotel and Casino
betmgm (Roar Digital)
  • Website: http://sports.co.betmgm.com/
  • Master: Midnight Rose Hotel and Casino

FanDuel

  • website: co.sportsbook.fanduel.com
  • Master: Golden Gates Casino

Draft Kings

  • website: https://sportsbook.draftkings.com/
  • App: https://sportsbook.draftkings.com/sportsbook-app
  • Master: Golden Mardi Gras

Monarch Casino Blackhawk

  • website: https://monarchblackhawk.com/
  • app: https://monarchblackhawk.com/casino/games/sportsbook/betmonarch-sports-app
  • Master: Monarch Casino Blackhawk

The Stars Group

  • website: co.foxbet.com
  • Master: FoxBet

5) Where Can I Bet on Sports in Person in Colorado?

There are 33 land-based casinos in Colorado and all of them will be able to apply for sports betting licenses. The cost and renewal fees of those licenses are not yet known, but the licenses will last for two years. Additionally, casinos that are approved for sports betting operation will be allowed to partner with a land-based and/or internet operator for their online betting services.

6) How Do I Make Deposits and Withdrawals for Online Sports Betting in CO?

With the inclusion of online betting in Colorado, the state immediately included access to many of the most user-friendly sportsbooks, making it easy to get starter and/or withdraw winnings. The following are common methods to deposit or withdraw money for sports betting in Colorado:

  • Debit/Credit Card
  • ACH (Online Banking)
  • PayPal
  • Prepaid Sportsbook Cards
  • PayNearMe
  • Cash at the Cage
  • Check

7) What are the Most Common Types of Sports Bets Can I Make in Colorado?

Straight bet

This is the most common bet type and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain amount of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:

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Boston Celtics -6.5 (-110), moneyline -320

at Cleveland Cavaliers +6.5 (-110), moneyline +260

O/U 206

The Celtics are favored by 6.5 points in this example. This means that if you bet the Cavaliers, you are getting 6.5 points, so if the Cavaliers win the game, or lose by fewer than seven points, you will win the bet because of your 6.5-point cushion. On the other side, when you are laying 6.5 points as the favorite, you would need the Celtics to win by seven or more to win the bet.

Final Score: Celtics 102 Cavaliers 98. Cavaliers would cover even though the Celtics won the game because the +6.5 point spread is enough to cover a four-point defeat.

Moneyline Bet

The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Cavaliers ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Celtics ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.

In the example above, the Celtics ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.

Over/Under

This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less.

Parlay

A parlay is a bet where you combine multiple bets into one bet and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.

8) Where’s a Good Place to Start Learning How to Online Sports Bet in CO?

Update coming shortly.

9) What are the Most Popular Sports Teams to Bet on in Colorado?

Denver is one of the most prolific sports cities in the country with professional teams in all four major North American leagues. The Broncos won a Super Bowl within the last five years, the Avalanche have a Stanley Cup win this century and the Nuggets and Rockies both have fairly recent histories of team and individual success. Plus, Denver serves as the sports hub of the Mountain West, so these four teams could attract gambling interest from neighboring states as well.

As for collegiate sports, the University of Colorado has consistently competitive football and basketball programs. The University of Denver boasts one of the most prolific hockey programs in history with 16 appearances in the Frozen Four and eight championships, second-most ever. Those two programs are the strongest in their respective fields, and Colorado State also has a successful football program that consistently sends players to the NFL.

10) Is There Anything Else to Know About CO Sports Betting?

Colorado sports betting history

Despite Colorado currently being one of the more progressive states with regard to gambling, that has typically been far from the case. The state first allowed casinos to take wagers in 1991, and even then the casinos were few and far between in small Rocky Mountain towns. And even if Colorado legislators had an appetite for sports betting to come to the state, they had another barrier to break through: taxpayers. The Taxpayer Bill of Rights, or TABOR, makes it mandatory for all laws that raise taxes to go through a public vote.

Colorado finally passed legislature on sports betting last summer, doing so on the last day of session, and the bill went to a vote in November. TABOR requires language that makes clear that the law will lead to tax increases, presumably to limit tax hikes from passing, but Colorado voters still passed the bill by 20,000 votes to bring sports betting to the Centennial State.

Colorado Sports Betting FAQs

Is CO sports betting legal?

Sports betting is legal as of May 1, 2020. Operators may launch their apps around this time, but with no sports going on and with casinos still applying for licenses, it may still be a bit before bettors can start placing wagers.

Is CO betting also legal online?

Yes, Colorado projects to have a number of online operators working in partner with the casinos that apply for sports betting licenses.

What are the best options for Colorado sports betting in person?

Any of the land-based casinos that obtain licenses will be available for betting in person. Until sports betting is fully live and we know which casinos obtained licenses, we cannot say for sure which will have sportsbooks available. Casinos, however, will be located all over the state, from metropolises like Denver to less industrial towns such as the Four Corners area.

However, as long as you are within the Colorado state lines, you will be able to place bets with the CO sports betting apps, so in-person wagering will not be as important as in other states.

Who can apply for a sports betting licence?

The 33 casinos can apply for licenses. Once approved, they can work with an online operator to establish a mobile and/or online betting presence.

Who oversees sports betting in Colorado?

Gambling will be overseen by the Colorado Division of Gambling.

Who can bet on sports in Colorado?

Anyone within the Colorado border who is 21 or older can bet on sports.

MUST BE 21+ • PLAY IN COLORADO ONLY • GAMBLING PROBLEM? CALL 1-800-522-4700p

Sam Smith is a writer and editor with Awesemo.com. He has been immersed in the world of professional sports data since 2015, while also writing extensively on the NFL for a multitude of blogs and websites. With Awesemo, Sam looks to blend his sports and editorial expertise with Awesemo's data to bring you the best fantasy information possible. You can follow Sam on Twitter @samc_smith.

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