Colorado Sports Betting – Which are the Best CO Betting Sites & Sportsbooks?
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Colorful Colorado has flourished in the sports betting world since legal betting went live in 2020. And in today’s guide, we’ll walk you through some of the best sportsbooks available in the Centennial State, as our team of experts has tried and tested each CO-based operator and ranked them on overall performance.
Below you’ll find the top-ranked Colorado sportsbooks and the reasoning behind our rankings. From bonuses to site performance, customer service, and deposit options, we’ll cover the ins and outs of Colorado’s legal sports betting operators to assist you in finding a site that fits your needs. We’ll also dive into the legalities surrounding online sports betting in CO.
The Best Sportsbooks in Colorado
Best Colorado Sports Betting Sites 2023
Here are the top-10 ranked Colorado sports betting sites:
- BetOnline – The best sports betting site in Colorado
- Bovada – Excellent in-play live betting options
- BetAnySports – A diverse range of sports betting markets
- Bookmaker – A long-standing and reputable sportsbook
- Heritage Sports – Highly competitive sports betting odds
- Everygame – Great live betting and notable bonuses
- BetUS – The best cash and crypto sports betting bonuses
- WagerWeb – Excellent for reduced-juice betting lines
- JustBet – Excels in their prop bet availability
- GTbets – Fast payouts and great bonuses for new and returning customers
Is sports betting legal in Colorado?
Yes, regulated betting services in Colorado have been active since May 2020. Online and physical sports betting was legalized in November 2019 following the approval of bill HB19-1327, Proposition DD.
The Best Colorado Sportsbook Reviews
In pursuit of discovering the most reputable, trustworthy, functional, and valuable sportsbooks in Colorado, our team of experts has noted the pros and cons of each site they test along the way. Below, you can find the top-10 sports betting sites in the Centennial State and a short review highlighting their standout features.
1. BetOnline: The Best Sports Betting Site in Colorado
Gamblers and sports bettors in Colorado looking for a top-tier sportsbook operator needn’t look any further. BetOnline received an A+ ranking from our team due to its impeccable overall services. BetOnline is one of America’s most established and recognizable sports betting operators. They opened their doors in 2001, and this two-decade-plus experience shines through, specifically in their sports betting markets, where bettors can wager on a huge variety of sports from football, basketball, hockey, baseball and mixed martial arts.
BetOnline ticked so many boxes for our team of reviewers that it was challenging to highlight them all. But aside from their diverse selection of sports markets and incredible betting odds, the site’s promotions and bonuses were a huge positive. BetOnline has a welcome bonus of up to $1,000, and you can find significant bonuses for crypto deposits; their casino and online poker reload bonuses are great for those who enjoy casino gambling. BetOnline doesn’t discriminate in their bonuses; whether you’re a sports bettor, casino goer, or avid poker player, you’re guaranteed to find a worthy bonus.
Competitive odds can make or break a sportsbook, but it’s very rare to see a rival of BetOnline offering greater-priced odds. These valuable prices stem through all of their available sports betting markets, as BetOnline has evolved into a must-have sportsbook account for bettors seeking long-term profits. In addition, key features such as their in-play betting system are notable, as bettors can place live wagers throughout a plethora of sports and international leagues.
Pros
- Excellent welcome bonus
- Diverse choice of sports markets
- Wide variety of banking options
- Faster payouts than most online betting sites
- Highly competitive odds
Cons
- Charges fees on certain withdrawal methods
- Reduced juice only applies to NHL lines
2. Bovada: Excellent In-Play Live Betting Options
Begin your sports betting journey at Bovada with a 50% matched deposit bonus of up to $1,000. Furthermore, cryptocurrency depositors can extend the bonus offerings to 75% up to $750, as this operator has truly established itself as one of the best bitcoin sites in Colorado.
With more than a decade of experience within the industry, Bovada is well-respected in many facets as they cater to amateur and experienced bettors alike. Newbies can take advantage of Bovada’s carefully crafted sports betting guides, and veteran bettors will love the unique features such as the prop builder. With so much selection in the available sports betting markets, you’ll never struggle to find a wager to match your preferences.
Our team of experts struggled to fault Bovada’s mobile site, which can be accessed on your desktop or iOS/Android devices. And regarding basic features, Bovada keeps their customer service in check (24/7) while delivering a wide choice of banking options and fast payouts. The available betting odds always compete with the best market prices, and for good measure, they present one of the best live betting services in Colorado. The sheer diversity of Bovada’s live in-play markets is excellent for those who want to get involved during a game to take advantage of fluctuating odds. While browsing the hundreds of available in-play options, you can also live stream the game.
Pros
- Live betting and streaming
- Fast payouts
- Low wagering limits
- Betting guides for beginners
- Great for cryptocurrency fans
Cons
- Limited offering of eWallet banking options
- eChecks come with fees
3. BetAnySports: A Diverse Choice of Sports Betting Markets
It should be no surprise that a top sports betting site in Colorado branded ’BetAnySports’ offers a huge variety of sports betting markets. At BAS, you’ll find an extensive range of sports betting markets, including the NFL, NBA, NHL, MLB, UFC, NASCAR, MLS, and EPL, golf, tennis, and more obscure sports like Formula 1 and handball. Moreover, you can wager on these sports pre-game or with their live betting service.
The reduced-juice offerings at BAS are another great feature, as it provides customers with excellent betting value for spread bets and totals that regularly offer a -110 price tag. And although reduced juice is only presented for specific sports like football, MLB, MMA, tennis, PGA, and basketball, betting value can still be found in alternative markets where BAS provides some of the most competitive prop bet prices in the Centennial State.
BetAnySports has not yet established itself as a household name like some competitors. Still, our team of experts expects this Colorado sports betting site to continue gaining traction in 2023 and beyond as this up-and-coming operator provides all of the services a top-rated operator is expected to.
Pros
- Greatly-priced prop bet odds
- Reduced juice betting lines
- Huge choice of sports betting markets
- Offers live betting
Cons
- Smaller welcome bonuses than other betting sites
- No live streaming
4. Bookmaker: A Long-Standing and Reputable Sportsbook
With close to thirty years of skin in the game, Bookmaker’s sports betting site sails into the majority of top-10 Colorado site rankings you’ll find on the web. Boasting such extensive experience, this operator knows exactly how to treat its bettors and has therefore garnered a loyal customer base in North America.
Bookmaker.eu is renowned for releasing some of the earliest odds, an area where most of its rivals cannot compete. Furthermore, Bookmaker has established their services as one that caters to high-rollers, sharp and professional bettors. With an opportunity to wager high-stakes, big-time bettors return to Bookmaker because they never restrict or limit a winning customer.
Overall, Bookmaker is a sports betting site that provides vital services and does them well. Customer service, banking options, payout times, and bonuses and promotions are all in check.
Pros
- Winning accounts aren’t restricted or banned
- High betting limits
- Low minimum wagering limits
- Early released odds
- A well-established and reputable brand
Cons
- The mobile site could use a revamp
- No live streaming services
5. Heritage Sports: Highly Competitive Sports Betting Odds
Colorado bettors looking for a top sports betting site that offers amazing welcome bonuses, multiple banking options, rebates, competitive odds, and a super secure website on desktop or mobile devices have found the perfect selection in Heritage Sports.
Heritage Sports sits on twenty-plus years of experience, and regarding sports betting odds, there aren’t many Colorado-based operators that can match their value. Fans of various sports, from basketball, football, soccer, hockey, baseball, MMA, boxing, tennis, golf or motorsports, can be assured that Heritage Sports will give them an excellent piece of value.
Thriving behind its reliability and value, Heritage Sports also allows bettors to jump into games once they’re underway with a great live betting service. Prop bets, parlays, moneylines, totals, futures, no matter the market, those excellently priced odds will always creep in.
And to cap it off, Heritage Sports additionally provides a completely optimized site so desktop, iOS, or Android users can access the sportsbooks any time of the day or night. This is sweetened with an excellent casino and racebook for the complete gambler.
Pros
- Some of the best odds in Colorado
- Reduced juice betting lines
- Loyalty rewards
- Optimized site for iOS/Android
Cons
- No live streaming
- Welcome bonuses could be higher
6. Everygame: Great Live Betting and Notable Bonuses
With the growing popularity of in-play live betting, Everygame is one of Colorado’s most popular sports betting sites for this feature. Adding incredible value to the live betting scheme, Everygame offers its customers a boost on halftime odds during the basketball and NFL seasons. And the value doesn’t stop there, as parlay bettors can reap the rewards with “Parlay Prince,” an offer where the best parlay winner of the month receives an additional $1,000 to their winnings.
However, if moneyline or parlay wagers aren’t your style, you can also try your luck with the unique proposition bets for specific events in the United States such as politics, Powerball, and even the stock market. Everygame adds many unique features to their markets but also delivers an excellent range of casino games and poker and a racebook that presents excellently priced odds.
New customers at Everygame can decide between three different sign-up bonuses – a unique feature that undoubtedly separates this operator from the competition. There are always fresh and exciting Everygame promo codes to be found, even after you’ve claimed your welcome bonuses.
Pros
- Diverse football betting markets
- Huge range of sports and esports markets
- “Parlay Prince” feature
- Excellent live betting odds and options
Cons
- No live streaming
- Doesn’t offer PayPal as a banking option
- Account verification process can be drawn out
7. BetUS: The Best Cash and Crypto Bonuses in Colorado
Bonuses, promotions, and cash incentives are unmatched with this top-rated sports betting site in Colorado. BetUS has been in the business for 25 years, so they’ve taken care of their customers with bonuses such as the 125% deposit match bonus of up to $3,125.
The BetUS site is safe and secure but also provides a wide array of sports betting options from the NFL, MLB, NBA, NHL, UFC, MLS, EPL, NHL, boxing, tennis, NASCAR, esports and much more. Customers of this operator won’t struggle to find a sport of their choosing, and if you’re unsure how to bet, you can make excellent use of the sports betting guides and advice offered throughout the site.
BetUS is renowned for its welcome bonuses, but you can also take advantage of the repeating reload bonuses. Such offers, like the 50% claim you can make when using cryptocurrency, are unique offerings that most competitors cannot match.
The odds at BetUS are well-priced, you can visit unique pages on their site, such as the “Locker Room,” which discusses the latest sports, gambling news, and entertainment, and they cover various banking options while providing responsive customer service – all under a beautifully designed website that operates flawlessly on desktop or mobile devices.
Pros
- The best sportsbook bonuses in Colorado
- Attractive site that’s simple and pleasurable to navigate
- Diverse sports betting markets
- Unique site pages such as the “Locker Room”
Cons
- No live streaming
- Some banking options have fees
- High playthrough requirements on bonus funds
8. WagerWeb: Excellent for Reduced-Juice Betting Lines
WagerWeb has been providing online betting services since 1999, and with an array of top-tier services such as multiple banking options, reduced juice betting lines, notable welcome bonuses, great customer service and competitive odds, our team of experts couldn’t neglect this operator when crafting a list of the top 10 sports betting sites in Colorado.
Catering for both new and experienced bettors, WagerWeb allows small and high betting limits. They present responsive customer service, and the site’s overall functionality is great – whether you’re using a desktop computer or a mobile device.
Behind its completely optimized site that is safe and secure, you’ll find an excellent choice of cryptocurrency banking options and common banking methods such as debit or credit cards. One of their unique features is the cashback system, which ultimately gives bettors a 1% return so that spread bets can go from -110 to -109.
Pros
- 1% cash back
- Rebates at the racebook and casino
- Notable bonuses and regular promotions
Cons
- $300 minimum withdrawal on checks
- The welcome bonus could be higher to compete with rival sites
9. JustBet: Excels in Their Prop Bet Availability
Bettors should expect JustBet to continue climbing our top 10 rankings during 2023 as this sports betting site continues adding value to its overall services. And if you’re a fan of the four major U.S. sports leagues, you’ll find a great selection of markets.
Regarding NFL prop and future bets, I don’t think we’ve stumbled across a site providing more options than JustBet does. You can also wager on football leagues such as CFL and Arena league, as this operator loves to cater to their football fans.
With that said, JustBet wouldn’t reach our top 10 rankings just for its football offerings. Colorado sports bettors will find excellent moneyline, total, and prop bets for golf, boxing, MMA, tennis, soccer, and more.
The site functionality at JustBet is perfect for those wanting to place quick bets. The options are endless for parlays, teasers, or pleaser bets, and these wagers can be placed within a few clicks as the site is operational and easy to use.
Pros
- Excellent range of prop bets
- Great site for football fans
- High maximum and low minimum betting limits
- Simple-to-navigate interface
Cons
- No reduced juice
- No live streaming
10. GTbets: Fast Payouts and Great Bonuses for New and Returning Customers
When arriving at the GTbets sports betting site, you’ll instantly notice its simplicity and basic site layout. This provides minimal distraction and an operational site that rarely fails when browsing for the best sports betting odds in Colorado.
With speedy payouts and an excellent range of cash bonuses, GTbets knows how to compete with the big dogs. This top-rated Colorado sports betting site offers a VIP program for its customers, so the perks and benefits are never-ending.
There’s a wide choice of sports to bet on at GTbets; whether you’re a football fan or want to get in on some basketball, baseball, hockey, MMA, boxing, golf, tennis, or motorsport action, this operator has you covered.
Behind these great features is an outstanding customer service team; furthermore, credit card deposits are completely free! Overall, GTbets is an excellent all-rounder, and although they’re No.10 in our top 10 rankings, our experts don’t expect this operator to drop out of these rankings in the future.
Pros
- Reduced juice
- Varied banking options with speedy payouts
- VIP loyalty rewards program
- Functional site on desktop or mobile
- No fees on credit card deposits
Cons
- Betting limits could be higher
- No live streaming
Colorado Sports Betting News and Developments
Since the push for widespread legalization of sports betting in North America has been underway since PASPA was overturned by the Supreme Court, many states have succumbed to a high rate. However, a 4.63% flat tax rate on income in Colorado isn’t as steep as in some states. Of course, this doesn’t include the 24% federal tax on top, as this is withheld and given to the IRS by casinos and alternative gaming operators in Colorado.
Overall, Colorado sports betting sites and operators have flourished. In 2022, Colorado sportsbooks recorded record highs in revenue, returning more than $2 million in taxes for the state in November alone. Since their launch, the total handle is reaching $10 billion, with more than $31.7 million generated in taxes from sports betting as of January 2023.
Timeline of Colorado Gambling Events
- 2023 – Colorado breaks a state record with $10 billion surpassed in sports betting handle since the launch of legal sports betting in 2020.
- 2020 – The launch of online sports betting took place in May 2020. Retail sports betting becomes available in licensed casinos after COVID restrictions are lifted
- 2019 – With the approval of Proposition DD, Colorado-based casinos can apply for online and retail sports betting licenses.
- 2014 – The unpopularity of greyhound racing in the Centennial State results in its banning, as the last racetrack is closed.
- 2009 – Wagering limits go from $5 to $100 per bet when casino gambling. Roulette and craps arrive in Colorado casinos.
Colorado Sports Betting Teams
Colorado isn’t short of well-established major sports teams and strong college athletics programs. Residents of Centennial State have a great selection of teams to support, whether it’s professional or college football, baseball, basketball, or hockey.
Some of the most notable Colorado-based sports teams include:
- Denver Broncos (NFL)
- Colorado Rockies (MLB)
- Denver Nuggets (NBA)
- Colorado Avalanche (NHL)
- Colorado Rapids (MLS)
Here are the top college teams:
- Colorado State Rams (NCAA)
- Colorado Buffaloes (NCAA)
- Air Force Flacons (NCAA)
How To Bet on Sports in Colorado
As sports betting is completely legal in the state of Colorado, finding retail books or online sports betting sites isn’t difficult. However, before registering with a sportsbook operator, you should weigh your options and find the best available services. Our extensive guide has already listed Colorado’s top 10-ranked sports betting operators. Still, you may wonder why we haven’t mentioned the locally regulated operators such as Caesars Sports, FanDuel Sportsbook, or DraftKings Sportsbook.
Simply put, the offshore sportsbooks highlighted in our guide don’t need to adhere to the gambling laws and regulations of sports betting set out in the United States. And for this reason, they provide significantly greater services like welcome bonuses, a variety of banking options, VIP programs, competitive odds, and unique benefits that U.S.-based online sports betting sites cannot offer due to their significant holds on tax. It’s easy to see why Colorado residents are utilizing offshore bookmakers because they provide a safe and secure experience no different from online sportsbook operators based in the United States, but the additional benefits are unmatched.
Compare the Best Colorado Betting Sites & Sportsbooks
| Sportsbook | Rating | Online Since | Payment Methods | Read Review |
|---|---|---|---|---|
| BetOnline | A+ | 2001 | Credit Card, Bitcoin, Crypto, Cashiers Check, Bank Transfer, P2P | BetOnline Review |
| Bovada | A+ | 2011 | Credit Card, Bitcoin | Bovada Review |
| BetAnySports | A+ | 2002 | Credit Card, Bitcoin, Electronic Check | BetAnySports Review |
| Bookmaker | A+ | 1996 | Credit Card, Bitcoin, P2P, Crypto | Bookmaker Review |
| Heritage Sports | A+ | 2001 | Credit Card, Bitcoin, Cashiers Check, Bank Transfer, P2P | Heritage Sports Review |
| Everygame | A | 1996 | Credit Card, Bitcoin, Skrill, Neteller, Bank Transfer, P2P | Everygame Review |
| BetUS | A | 2000 | Credit Card, Bitcoin, Bank Transfer, P2P | BetUS Review |
| WagerWeb | A | 1994 | Credit Card, Bitcoin, Cashiers Check, Bank Transfer, P2P | WagerWeb Review |
| JustBet | A | 2000 | Credit Card, Bitcoin, P2P, Crypto | JustBet Review |
| GTbets | A | 2011 | Credit Card, Bitcoin, Crypto | GTbets Review |
Colorado Betting Guides
FAQs – Sports Betting in Colorado
Online sports betting was launched at the same time as in-person sports betting in Colorado, via the Prop DD ballot measure.
FanDuel Sportsbook is a licensed sportsbook operating in Colorado. It is one of many online operators that have received licenses in the state, along with DraftKings Sportsbook and Caesars Sports.
Online operators are allowed to offer wagering on a wide variety of sports, including taking bets on college sports. If you would like to wager on a unique market, like esports, you will have to use offshore sites.
There are over a dozen licensed operators in the state of Colorado that accept sports bets. Colorado residents can also use offshore sites to access more sports betting action with fewer restrictions.
There are no longer betting limits written into the gambling laws of the state. Each online sportsbook can set its own betting limits, with most offshore sites offering higher limits than local digital sportsbooks.
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