Best Colorado Sportsbooks | Guide to Colorado Sports Betting 2024

Is Online Sports Betting Legal in Colorado?

Yes, online sports betting is legal in Colorado. Sports bettors can choose from a variety of online betting sites to place wagers on their favorite teams and sporting events.

RELATED: Learn more about Colorado online casinos and gambling

Which Online Sportsbooks are available in Colorado?

The Colorado Limited Gaming Control Commission has approved several retail and online sports betting operators. The list includes 20 Legal Sports Betting Sites. Currently, well-known betting operators such as FanDuel Sportsbook Online, DraftKings App, Fanatics Sportsbook, Caesars Sportsbook ESPN BET Sportsbook are among the approved online sportsbooks.

The above operators have all partnered with a land-based casino, and are permitted to take legal sports bets in Colorado.

What Bets Can I Place at Colorado Sportsbooks?

Colorado sports betting allows all the standard wagers you’d find at a sportsbook anywhere. Bets on local professional teams such as the Denver Broncos, Denver Nuggets, Colorado Rockies and Colorado Avalanche are popular for bettors across the state. You’ll also wager on college football and basketball, daily fantasy sports, professional soccer leagues (MLS, EPL and more), PGA golf, tennis, UFC, boxing and more.

Here are some of the typical sports wagers offered by Colorado sports betting.

Point spread: This is a bet on a team to cover the spread, whatever the number is. If the Broncos are 7.5-underdogs against the New England Patriots, Broncos bettors win as long as Denver doesn’t lose by eight or more points.

Moneyline: Moneyline bets are wagers on a team to win outright. There is no point spread, but the risk/reward odds vary based on the matchup. If you bet a -180 favorite, you would risk $180 to win $100. If you bet a +180 underdog, you would win $180 for every $100 wagered.

Total: This is a bet on the total amount of points scored in a game, regardless of which team wins. It could be 204.5 for a game between the Denver Nuggets and the Los Angeles Lakers. You’re betting on whether or not the Nuggets and Lakers will combine to score more than 204 points.

Parlay: This is a series of wagers featuring longer odds and bigger payouts. Sports bettors can combine any number of point spread, total or moneyline bets and combine them into a parlay. The payouts get much bigger with each added game, but every bet has to hit or else the parlay is a loser.

Teaser: Like a parlay, but with modified point spreads. Bettors can improve the point spread in their favor, such as taking the Nuggets from an 8-point favorite to a 2-point favorite, and combine these bets into a teaser. But the payouts are far less than parlays due to the modified spread, usually around 1:1 for the entire teaser parlay.

Live betting: In-game betting is extremely popular and allows for multiple wagers throughout the game. Oddsmakers set multiple new betting lines while the game is being played and bettors can pounce on these spreads in real time to make a live bet.

Prop bets: These are bets on different aspects of games. Player props are popular and allow users to bet on individual player stats, such as Over/Under 275 passing yards for Denver Broncos quarterback Drew Lock in a game against the Kansas City Chiefs.

Futures: Futures bets are long-term wagers on how a specific team or player will do throughout the season. They include bets such as Over/Under 50 wins for the Nuggets that season or the Colorado Rockies to win the NL West at +450, meaning a $100 bet wins $450 if the Rockies win the division.

RELATED: Check out the top NFL betting sites

Land-Based Casinos in Colorado

There are nearly 40 commercial and tribal-based casinos in Colorado, all of which will be able to apply for an operator license for legal retail and online sports gambling. The majority have already done so in applying for a master license, which grants the casino the ability to offer legal sports betting both online and at the brick-and-mortar casino.

Many casinos can also partner with gaming operators, and Colorado bettors can register directly from the sports betting apps. That’s great news for Coloradans because some states with legal sports gambling require bettors to sign up at an actual casino physically. In Colorado, you can register online and start betting with your favorite sports betting sites from the convenience of your home or on your mobile device. But you’ll also be able to make in-person Colorado sports bets at most of the following land-based casinos.

Colorado Sports Betting Apps

With Colorado online sports gambling up and running, mobile apps are some of the most popular ways to wager. Top online sportsbooks offer easy-to-use sports betting apps so bettors can get action on their favorite teams from their cellphones.

It’s a very simple process to get started. The state Gaming Commission decided that Colorado sports betting won’t require in-person registration, so bettors just need to download it from their iOS or Android phone like they would any other app.

Coloradans should have some personal information ready in order to register with apps like FanDuel and DraftKings. Mobile sports betting signups usually ask for name, date of birth, Social Security number and proof of residence. This is standard throughout the industry and it’s one of the reasons why we only recommend legal, licensed online betting apps. That way you know your personal information is safe.

Bettors then need to make a deposit using any number of methods. Most mobile sports betting apps accept Play+, PayPal, credit/debit card and bank transfer. Just choose whichever one works best for you, make a deposit and start shopping lines on teams and games to begin placing sports wagers.