Sports Betting in Colorado: A Comprehensive Guide
Legalization and Regulatory Framework
Colorado legalized sports betting through a public vote in November 2019, with Proposition DD passing by a narrow margin. The law officially took effect on May 1, 2020, making Colorado one of the early adopters of legalized sports wagering in the United States. The Colorado Division of Gaming, under the Department of Revenue, is the primary regulatory authority overseeing both retail and online sports betting operations across the state.
The legislation allows both in-person and online/mobile betting, including wagering on professional, collegiate, international, and Olympic events. However, proposition betting on college sports is prohibited. Each of Colorado’s 33 casinos can apply for a sports betting license and partner with one online sportsbook operator.
Top Online Sportsbooks in Colorado
Colorado’s open and competitive market has attracted many of the nation’s leading sportsbooks. The most popular platforms include:
- DraftKings Sportsbook
- FanDuel Sportsbook
- BetMGM
- Caesars Sportsbook
- PointsBet
- Barstool Sportsbook
- BetRivers
- SuperBook
Each operator offers unique promotions, competitive odds, and user-friendly apps compatible with iOS and Android. Colorado bettors are encouraged to shop around for the best lines and bonuses, as the state’s regulatory model supports healthy market competition.
Retail Sports Betting Locations
Retail sports betting is available at licensed casinos in Colorado’s three gambling towns: Black Hawk, Central City, and Cripple Creek. Many of these locations have partnered with major sportsbook brands to offer in-person betting kiosks and betting windows. Notable retail sportsbooks include:
- Monarch Casino (BetMonarch)
- Ameristar Casino (Barstool Sportsbook)
- Saratoga Casino (Betfred Sports)
- Bronco Billy’s Casino (Caesars Sportsbook)
These retail venues provide a full-service experience, often featuring lounges, food and beverage service, and multiple TV screens showing live games.
Types of Sports Bets Available
Colorado allows a wide variety of bet types, including:
- Moneyline bets
- Point spread
- Totals (over/under)
- Parlays
- Teasers
- Futures
- In-play/live betting
- Props (excluding college player props)
This diversity appeals to both casual and professional bettors looking for flexible wagering opportunities.
Tax Revenue and Economic Impact
Sports betting in Colorado is taxed at 10% of the net proceeds, and the funds primarily support the Colorado Water Plan, as well as other public programs. In its first year, the state collected over $6 million in tax revenue, a figure that has steadily grown as the industry matures.
The industry has also contributed to job creation and increased tourism, particularly in mountain towns where retail sportsbooks operate.
Responsible Gambling Measures
Colorado emphasizes responsible gambling through state-mandated programs. Licensed operators must provide tools for self-exclusion, deposit limits, time-out periods, and links to help organizations such as:
- Colorado Problem Gambling Coalition (CPGC)
- National Council on Problem Gambling (NCPG)
The state also allows individuals to voluntarily exclude themselves from all licensed sports betting platforms through a centralized self-exclusion program managed by the Division of Gaming.
Future Outlook
The future of sports betting in Colorado appears strong. Ongoing legislative reviews may expand betting options, and new operators continue to enter the market. Innovations in live betting, integration with esports, and enhanced mobile experiences are expected to drive growth.
Colorado’s well-structured regulatory environment, combined with a competitive marketplace and high consumer demand, positions the state as a model for sports betting regulation in the U.S.
Conclusion
Colorado has emerged as a leading sports betting state due to its consumer-friendly laws, wide selection of sportsbooks, and transparent regulation. Whether placing a bet online from Denver or visiting a sportsbook in Black Hawk, Colorado offers a robust and safe sports wagering environment for all types of bettors.
