Colorado Sports Betting

Colorado sports betting is live! In November 2019 Colorado voters narrowly approved statewide online and retail sports wagering. A state that’s already packed with casinos, sports betting provides a welcome influx of action for regular brick-and-mortar visitors, while also providing a safe, reliable, and fun way to bet on sports from anywhere in the state.

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General Information on Colorado Sports Betting

The first thing we like to cover is generally the number one question that comes to mind with regard to regulated sports betting in the U.S…

Who is Allowed to Bet?

The answer is pretty simple, you just have to fulfill a few easy requirements. To begin, you must be at least 21 years old if you want to bet on sports in Colorado. There’s no negotiation or exceptions to the rule. You can’t legally make a sports bet until your 21st birthday.

Second, you have to be inside of the state. Sophisticated geolocation software/plugins for computers, and GPS chips in mobile devices will be employed to ensure that all wagers placed with regulated Colorado sportsbooks are done so within the state. Don’t even think about trying to fool the sportsbook with a VPN – it’s not worth getting banned.

And that’s really it – Colorado sports betting is available to anyone that’s older than 21, and in Colorado. 

Creating an Account

Thankfully, Colorado elected to forgo a in-person registration requirement. This means that it’s exceedingly easy to set up an account and start wagering on sports. Bettors are required to submit personal information including name, address, email, phone, etc. The last four digits of your social security number will also be required.

Registration with Colorado online sportsbooks can be done anywhere – you don’t have to be in the state. You can set up your account, and even deposit funds before ever setting foot in CO. Just make sure you’re within its borders before placing a bet.

Colorado Sports Betting Licenses

Under the new law, each of Colorado’s 33 casinos are now eligible to apply for a sports betting license and, if approved, operate a retail sportsbook. In addition, each approved casino will be eligible to host one online skin.

Hopeful operators will be required to pay a $125,000 license fee, which will last for two years. The tax rate has been set at an operator-friendly 10%.

Active Colorado Online Sportsbooks

DraftKings

DraftKings is the leader in daily fantasy sports, and is making a push to conquer sports betting too. In January 2020 the company announced that it would partner with Twin River Worldwide Holdings to bring both retail and online sportsbook products to the state of Colorado. The retail sportsbook will be located at the Mardi Gras Casino Blackhawk.

The DraftKings mobile sports betting app has proven a popular option in other regulated U.S. states including New Jersey, Pennsylvania, and West Virginia. The convenient integration of accounts with its daily fantasy products is also a major plus. Kambi is DraftKings’ tech partner.

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BetRivers

BetRivers, the flagship online brand of Rush Street Interactive, was one of four sportsbooks to officially open the sports betting market in Colorado on May 1, 2020. BetRivers will operate in the state through its partnership with with the J.P. McGills Hotel & Casino located in Cripple Creek.

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BetMGM

BetMGM, one of the world’s largest brick-and-mortar gaming companies, is rapidly expanding its online footprint. Its premier online sports betting app debuted in Colorado on Day 1 of the industry, working in conjunction with the Midnight Rose Hotel Casino in Cripple Creek.

Colorado joins a long list of states including the likes of New Jersey, West Virginia, Indiana, and more, that now has access to BetMGM.

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FanDuel

FanDuel, another familiar DFS face, arrived in Colorado through a partnership agreement with Twin River Worldwide Holdings. Twin River purchased three Colorado properties in early 2020, giving it more room for licensure in the state. For the time being FanDuel does not plan to open a retail sportsbook in the state.

FOX Bet

FOX Bet launched its online sports betting app in the state of Colorado on May 19, 2020. It was the first online sportsbook to launch after the initial wave of operators opened the market a few weeks prior. Colorado was state #3 for FOX Bet, behind both New Jersey and Pennsylvania.

FOX Bet will offer sports betting in the state through an agreement with Eldorado Resorts, and the Lady Luck Casino Black Hawk.

As a part of an exclusive promotional offer, new FOX Bet customers in Colorado that wager $10 on the Denver Broncos to have a winning season will receive an additional $10 Free Bet for every win the team gets during the 2020 season. These bonus bets will hit your account like clockwork, by noon the day after a Denver W. To qualify you must place your initial wager by midnight MDT on September 14, 2020.

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Confirmed Colorado Online Sportsbooks: Coming Soon

Even though not all these sportsbooks are launched, partnerships have already been established as the landscape of sports betting in Colorado begins to take shape. Below we’ve detailed a full list of online sportsbooks that are confirmed as of Colorado’s launch.

Online SportsbookLicense PartnerTech partnerLaunch
DraftKingsTwin River Worldwide HoldingsKambiMay 1, 2020
BetMGMMidnight Rose Hotel & CasinoROAR DigitalMay 1, 2020
BetRiversJ.P. McGills Hotel & CasinoKambiMay 1, 2020
FOX BetLady Luck CasinoStars GroupMay 19, 2020
SBK SportsbookFull House ResortsSmarketsJune 4, 2020
Circa SportsCentury CasinoStadium TechTBD
PointsBetDouble Eagle Hotel & CasinoPointsBetTBD
Wynn ResortsFull House ResortsScientific GamesTBD
BetAmericaFull House ResortsChurchill Downs Inc.TBD
William HillIsle Casino, Lady LuckWilliam HillTBD
theScoreJacobs Entertainment Inc.Bet.WorksTBD
BetfredSaratoga Casino Black HawkPlaytechTBD
FanDuelTwin River Worldwide HoldingsFanDuelTBD

Circa Sports

Circa Sports is coming to Colorado through a 15-year partnership with the state’s Century Casino properties. The Las Vegas based gaming company has established a significant sports betting footprint in its hometown, and is now showing ambition with expansion to other states. Circa Sports is expected to be ready to go with mobile sports betting in Colorado by the May 1st target date.

PointsBet

PointsBet has had eyes on operations in Colorado for some time. In late 2019 it set up its west coast headquarters in Denver. Before sports betting was even legalized in the state PointsBet entered into a multi-year partnership agreement with the Double Eagle Hotel and Casino in July ‘19.

While it doesn’t have the storied gambling history of companies like Caesers or MGM, PointsBet has been excelling in the regulated U.S. market with operations in numerous states including New Jersey and Iowa. Colorado bettors will soon have access to the PointsBet betting sheet, complete with its unique PointsBetting wagers.

BetAmerica

Bronco Billy’s Casino in Cripple Creek will house the official BetAmerica retail sportsbook in Colorado. The well regarded BetAmerica app will also be available for mobile bettors who don’t want to visit the casino.

Signaling its intentions in the state, Churchill Downs Inc. announced the official partnership with Full House Resorts in September 2019, prior to voters approving the measure in November. 

SBK Sportsbook

Smarkets is a United Kingdom based operator primarily known for running betting exchanges. SBK Sportsbook will be used as the company’s U.S. sports betting brand, coming first to Colorado and Indiana. It will operate as a more traditional sportsbook to start, with potential exchange options coming later.

SBK Sportsbook will run as a skin on the Full House Resorts license in Colorado, and is expected to exist, for the time being, in an online-only capacity.

Wynn Resorts

Wynn sportsbook is moving online. The company agreed to a partnership with Full House Resorts in 2019 that will include operations in Colorado. Wynn’s online sprotsbook is also expected to expand in other states including New Jersey and Indiana.

In April 2019 Wynn Resorts agreed to a partnership with prominent tech provider Scientific Games to facilitate its online operations. The Wynn is undoubtedly seeking to replicate the luxurious experience bettors have come to associate with its Las Vegas property.

William Hill

Esteemed UK bookmaker William Hill will be bringing its popular sportsbook to Colorado through its partnership with El Dorado Resorts. Retail sportsbooks are expected at both in-state properties, the Isle Casino Black Hawk and the Lady Luck Casino Black Hawk.

William Hill will offer a polished, proven mobile app and more than 80 years of experience in sports betting to one of the country’s newest betting markets. 

theScore

Having successfully developed a popular content-driven app, theScore now has its sights set on sports betting. Score Media and Gaming Inc. announced in Jan., 2020, that it had agreed to a partnership with Jacobs Entertainment Inc. It’s a significant 10-year deal. While JEI operates casinos in Colorado, the current agreement only covers mobile wagering. We’ll have to wait and see on a retail experience.

theScore was announced in early 2020 as the official betting partner of the NBA, a major get for an up and coming bookmaker. 

Betfred

Betfred will offer both online and retail sports betting experiences in Colorado in conjunction with the Saratoga Casino in Black Hawk. Their agreement was announced in January of 2020, and the pair will be targeting the state’s proposed May 1st launch date. Betfred’s 50+ years of experience will be a valuable asset during the Colorado rollout. Expect them to hit the ground running in both live, and online settings. 

FanDuel

FanDuel, another familiar DFS face, is also arriving in Colorado via an agreement with Twin River Worldwide Holdings. Twin River purchased three Colorado properties in early 2020, giving it more room for licensure in the state. For the time being FanDuel does not plan to open a retail sportsbook in the state.

More On The Way

The Colorado online sports betting scene has the potential to get pretty crowded. The above partnerships have just scratched the surface of what the market may look like in the future. Other operators that could join the fun include FOX Bet, 888, Unibet, Barstool, and more. We’ll keep you updated.

Colorado Sports Betting Options

Generally speaking, Colorado sportsbooks offers all of the most popular betting types. Bettors should have no trouble finding odds on moneylines, totals, futures,  props, etc., or building parlays and teasers.

During the legalization process Colorado elected to allow betting on college sports, including in-state college sports, however, they did add a caveat: there is no prop-wagering on collegiate athletics. That means you can’t wager on your favorite college QB to throw for more than 300 yards, or a basketball player topping 20 points in the NCAA tournament. 

Colorado Betting Platforms

As Colorado sports betting is now live, bettors have access to the three main platforms: 

iOS apps are typically easy to find with a simple search in the apple app store. Android apps can either be found within the app store of your choosing, or via a direct download from a sportsbooks website. Lastly, web browser based books are a pretty straightforward option – fire up your favorite, log-in, and you’re good to go. Of note, if you’re using a browser you’ll be required to install a geolocation plugin to prove you’re in Colorado. Mobile devices can do this automatically with their GPS chips.

Why You Should Bet on a Regulated Site

Now that legal sports betting has arrived in Colorado, it’s time to say goodbye to other wagering options. Whether it’s a friend down the street or an offshore site, the regulated market offers a superior experience. 

Security

Security is one of the principal advantages to regulated online sports betting. You never have to waste a minute worrying about the safety of your online funds, or the security of your account. All bettor funds are held in segregated bank accounts, completely separate from those used for operating costs. Plus, every online sports betting site in Colorado has been approved by the Colorado Division of Gaming. You can trust regulated sports betting completely. 

Ease of Deposit/Withdrawal

Getting money on or off an unregulated site can be a chore. Within the legal market, there are numerous, easy to use options available. You can link your bank account directly to the sportsbook, use a credit card, eWallet, or even deposit with cash at the casino cage. When cashing out you can withdraw at the cage, request a paper check, and more. There’s transparency in banking with clear timeframes. The worrying is gone.

Accurate, Fair Odds

Regulated sports betting operators and their tech partners work hard to offer the most accurate, up-to-date odds in the industry. You’re never going to be taken for a loop by a bookmaker looking for extra value. In general, prices are pretty comparable across the board.

Choice

In a state like Colorado which has multiple online sportsbooks, choice is a luxury. If one book has a great promotion, move some money over and take advantage. If you spot a small difference in odds on one site, bet it there. Getting set up to wager on an offshore site can be a pain, leading bettors to an undeserved sense of loyalty out of necessity. Colorado bettors have options, and can easily shop around for the best values. 

Customer Support

If you have questions, the answers aren’t far off. Colorado sports betting sites offers easily accessible customer support lines. Comprehensive FAQs, email, telephone, and even live chat available to help in any circumstance. 

Colorado’s Gambling History: A New Gold Rush?

Colorado’s gaming tradition dates back to the 1800s, when Americans flocked west in search of gold. A prominent gaming community developed throughout the Colorado frontier as watering holes, and subsequent gambling halls popped up throughout the state. 

Despite its popularity, Colorado wouldn’t pursue regulated gambling until 1983 when it began offering a state lottery. The lottery would eventually expand to include powerball in 2001,  and Mega Millions in 2009.

It wasn’t until 1991 that the state’s first casinos opened, centered in the mountain towns of Black Hawk, Central City, and Cripple Creek – which still serve as gambling centers today. Significant limitations on betting limits were also imposed, with a max wager of just $5 on games like slots and blackjack. In 2008 an amendment was passed that allowed for limits of up to $100 – still not ideal, but better than the alternative. Sports betting won’t share the same restriction.

When it comes to online wagering, the Colorado Attorney General ruled in 2005 that online gambling would be categorized with traditional gambling, and thus not legal by existing state law. No substantial progress was made on the online front until 2019 when Proposition DD, the Legalize Sports Betting with Tax Revenue for Water Projects Measure narrowly passed on the November ballot.

A new chapter in Colorado’s gambling history started on May 1st, 2020, when online sports betting officially launched in the state.

FAQ

Is it legal to bet on sports in Colorado?

Yes it is! However, while sports betting has been legalized, we’re still waiting for the official rollout. This means you can’t legally place bets within the state just yet.

When will sports betting launch in Colorado?

As of May 1st, 2020, Colorado sports betting is up and running.

What’s the minimum age to bet on sports in Colorado?

You must be twenty-one (21) years old. It’s the same age required to gamble at brick-and-mortar casinos in the state.

Are both online and mobile wagering legal?

Yes they are – Proposition DD, the official measure that legalized sports betting in Colorado, covered both retail and online sports betting. You can wager on the go using a browser or mobile app from anywhere in Colorado.