Your Guide
Colorado sports betting is legal to residents and visitors that are physically located within the state borders. It is one of the most progressive US States offering retail, online and mobile betting platforms.
Sports betting law reformation occurred relatively quickly – spanning early 2019 to mid 2020. This resulted in numerous sportsbooks that applied for license to operate retail, online and mobile platforms. In addition one skin was allowed for each retailer.
If you are looking for what mobile apps are available in Colorado, then please read below:
Mobile Sportsbook Apps
Colorado has a vast number of mobile apps that can be downloaded either by iOS or Android. Many of the brands are commonly known, with sportsbooks such as William Hill, BetMGM, DraftKings and Fanduel.
But there are also a number of smaller (regarded as niche) players in the market. They offer very similar odds to the big brands, but may slim on margins for particular events. But overall they are very similar in odds but differ with the bonuses and promotions.
Accordingly, one of the most sought after promos by bettors is the Risk Free bet. Risk Free bets are promotions by sportsbooks which allow bettors to bet with free money. If they win on the free money, the bettor gets to keep the winnings. If the bettor loses the free money, the bettor has effectively not lost anything.
In order to use a risk free bet, the bettor must sign up to the sportsbook.
PointsBet currently has the best Risk Free bet. PointsBet is a listed company on the Australian Stock Exchange, and has not only established a presence in Colorado but in also other states across the US.
Top Colorado Sportsbook Risk Free Bets
| Sportsbook | Risk Free Bet |
| Draftkings Sportsbook | $500 |
| BetRivers | None |
| BetMGM | $500 |
| Fanduel Sportsbook | $500 |
| Fox Bet | $500 |
| BetMonarch | None |
| SBK | $20 |
| Circa Sports | None |
| Sky Ute Sportsbook | None |
| BetWildwood | $50 |
| theScore Bet | None |
| Betfred Sports | $500 |
| William Hill | $500 |
| PointsBet | $1,000 |
| Bet365 | $100 |
Minimum Legal Gambling Age
- 21 for sports betting
Gambling Laws
- Mobile apps are regulated and available
- Onshore Online sportsbooks are regulated and available
- Retail sportsbooks are regulated and available
Gambling Taxes
- A flat 10% on all gross wins
Gambling Legislation
Daily Fantasy Sport
It was the year 2016 in which Daily Fantasy Sport bills were introduced to both the House and Senate to legalize and regulate. The initial proposed Act would create a department called the Office of Fantasy Contests which would be dedicated to DFS only. After introduction, the State Governor John Hickenlooper passed into law HB1404 – the Fantasy Contests Act. HB1404 assigned the Division of Professions and Occupations (rather than an individual body) to regulate DFS, issues licenses and monitor the industry.
Subsequent to legalizing DFS, US Fantasy Sports combined pari-mutuel sports betting with OTB betting. Colorado, therefore became only the second state in the US to combine both forms of betting together.
Sports Betting
In April 2019, HB19-1327 was introduced that would legalize all forms of sports betting – retail (in-person), online and mobile.
The tax rate would be at 10% of gross win and a new department called the Gaming Control Commission would oversee the industry.
HB19-1327 was successful in both the House and Senate and was subsequently approved by the Governor Jared Polis in May 2019. The tax rate was to be set in November 2019, in a vote by the people.
In November 2019 the tax for sports betting just got through with the slimmest of margins of 50.7%. And with that sports betting was officially allowed to launch on 1 May 2020.
In the lead up the official launch, licenses were issued to several casinos and sportsbooks. Among them included, Twin River Casino, DraftKings, Fanduel, Saratoga Casino Black Hawk, Betfred USA, BetRivers and BetMGM.
Covid-19 struck early 2020 and as a result the official launch of retail sportsbooks was delayed until the 17 June. Mobile and online had already launched on 1 May 2020. The first to open a retail book was Saratoga Casino Black Hawk partnering Betfred USA Sports.