The legalization of sports betting in Colorado on May 1 has witnessed the launch of various sportsbooks in the state. Fans of sports betting in Colorado are also jumping into action and looking for the best betting sites to get started with.
So we’ve compiled a list of top 5 sportsbooks that have already launched or are launching very soon in Colorado.
Top 5 Legal Online Sportsbooks in Colorado
|Legal Sportsbooks in Colorado||Ranking||Exclusive Promo Codes|
| BetMGM ||WABPLAY>|
| DraftKings ||Get the Draftkings Promo Codes>|
| BetRivers ||Get the Betrivers Promo Codes>|
| FanDuel ||Get the Fanduel Promo Codes>|
| Foxbet ||Get the Foxbet Promo Codes>|
Welcome bonus for new players: Bonus up to $1000.
Register and create an account on DraftKings, make your first deposit, and receive a bonus equal to the amount of your deposit up to a maximum of $500 plus up to $500 more in risk-free bets.
DraftKings is a well-known sportsbook and fantasy sports operator based in the US. Headquartered in Boston, it is one of the few sportsbooks that went live in Colorado on the same day that sports betting was legalized in the state. They were also the first company to launch in New Jersey after sports betting was legalized in the Garden State.
As we’ve already mentioned above, DraftKings is quite generous in terms of offering a welcome bonus to new players. It’s one of the main reasons why they are already gaining a lot of users even though it’s only been a few years that they entered the sports betting market.
There are a few other factors that make DraftKings Sportsbook one of the best in the market. First of all, they are one of the few operators who provide betting as well as fantasy sports under the same roof. Also, their sportsbook offers all the varieties of sports with competitive odds and plenty of betting variations.
On the technical side of things, the deposits and withdrawals on DraftKings are smooth and players hardly face any issues. Saving the best part for the last, their mobile applications for Android and iOS are extremely well-designed in terms of interface, layout, navigation, and performance.
The total of all these aspects makes DraftKings an excellent legal online sportsbook in Colorado.
Welcome bonus for new players: Risk-Free first bet up to $500.
Create an account on FanDuel, deposit funds, and make your first bet. If your first bet wins, you don’t get the bonus. But if your first bet loses, you will receive the full bet amount as bonus funds up to a maximum of $500.
FanDuel is based in New York, USA, and is one of the closest competitors to DraftKings. Both operators are similar in a few aspects. In fact, the two companies were on the verge of merging back in 2016, but it was not allowed by the Federal Trade Commission as the merger company would then hold 90% market shares. That should give you a good idea of how popular FanDuel is in the United States.
FanDuel also went live in Colorado on May 1. Their welcome offer for new players is a risk-free first bet bonus. So, no matter which game that you bet on, you either win or don’t lose anything at all. They also provide fantasy sports along with sports betting so players can get the best of both worlds. And players will be surprised by the sheer amount of betting variations available. For example, a single NFL game can have more than 30 different types of wagers.
Apart from the usual sports bets, FanDuel also hosts regular tournaments where players have a shot at earning bigger prizes. One of the best things about FanDuel is its mobile app, which gets full marks for interface and performance. The app looks good and feels good, and the overall betting experience is extremely immersive.
In terms of deposits and withdrawals, there are many payment methods and they function smoothly without any issues. Even if some players face some technical issues occasionally, their customer support team is quick and co-operative to handle the problem. These are the main reasons that make FanDuel one of the best sportsbooks in Colorado.
Welcome offer for new players: Risk-Free first bet bonus up to $500.
Create an account on BetMGM, deposit funds, and make your first bet. If your first bet wins, you don’t get the bonus. But if your first bet loses, you will receive the full bet amount as bonus funds up to a maximum of $500.
The reputed MGM Resorts group headquartered in Nevada, USA, started its online gaming service – PlayMGM – in 2017. Two years later, MGM partnered with GVC Holdings and rebranded the PlayMGM platform to BetMGM, incorporating sports betting into their brand.
Even though BetMGM launched in 2019, starting from New Jersey, it has already expanded to a few other states. But a quick tour of their site and mobile app will give you the impression that they have years of experience. In a short time, they have expanded their operations and highly improved the quality of their platform.
Similar to FanDuel, BetMGM also offers a risk-free first bet bonus up to $500, so we don’t need to explain this any further. Their sportsbook includes plenty of sports with match coverage for all the major and minor leagues. Their betting interface displays real-time scoreboards and match updates so you can track the matches you have bet on point by point. Some matches even have the cash-out option so that you can withdraw your bet (and any subsequent winnings) before the match ends. It allows players to minimize their losses if they feel like things are not going their way.
BetMGM also offers mobile apps for both Android and iOS devices. The app interface is optimized perfectly to include all features of the desktop site. Some players may find it even easier to navigate through the mobile app as compared to the website. All payments are processed within standard times and the customer service is excellent which is expected from a big brand like MGM. All in all, BetMGM hits the right spots in multiple areas which makes them one of the best sportsbooks that are already operational in Colorado.
Welcome Offer for new players: 100% First Deposit Bonus up to $500.
Create an account on BetAmerica and make your first deposit. You will receive 100% of your first deposit amount as bonus funds, up to a maximum of $500. Promo Code GET500.
BetAmerica has not yet launched in Colorado, but they are in line to start operations in the state very soon. The company started in 2008 and they specialized in horse racing bets back then. Over the years, they have successfully expanded into the sports betting domain and have garnered more than a decade of experience in the industry.
The welcome offer we have mentioned above is for New Jersey and other states where they are operating. But we are pretty sure that they will continue the same offer once they launch in Colorado as well, so it’s something that players can look forward too. Their sportsbook doesn’t fall short in variety as it includes different sports with an extensive amount of matches.
There’s plenty of betting variations available, and popular sports leagues in the US such as NFL and NBA have even more wagering options. They do offer features such as custom parlays, and the option to cash out bets in select games. A ‘statistics’ menu is also available where experienced bettors can get a look at the most recent game data and statistics to help them make well-informed decisions when betting.
Their mobile apps for Android and iOS have a simple interface that is easy to navigate. Most of the important info is displayed beside every match so players don’t need to jump around menus to find the data they need. Payments are fast and reliable from both the desktop site and mobile apps.
All in all, BetAmerica is one of the more experienced operators in our list and though they are not yet live in Colorado, they will surely be one of the best sportsbooks in the state when they do start their operations in the state.
Welcome Bonus for new users: 100% First Deposit Bonus up to $500 and 100% Risk-Free First Bet Bonus up to $500.
Create an account on Fox BET and make your first bet. You will receive 100% of your first deposit amount as bonus funds up to $500. Additionally, your first bet is also risk-free meaning if it wins, you win nothing but if it loses, your full bet amount will be credited as bonus funds up to $500.
Fox BET launched in the US in May 2019, under the partnership of two big names – Fox Sports and the Stars Group. Again, they are not yet live in Colorado but slated for release in the upcoming months. Considering that both companies behind the Fox BET platform are giants in their field, it means that they mean serious business.
Even with just a year of experience in the sports betting industry, Fox BET is establishing a solid reputation in the market. Once again, the welcome offer mentioned above is what is being offered in the states where they operate so they will probably follow the same in Colorado too. The bonus offer is certainly the best in the market, offering both first deposit bonus and risk-free bonus to players at the same time.
Their website is extremely professional with an aesthetic design and an impressive, clean betting interface. Their mobile app takes things a notch higher and is even better than their official website. They have included a lot of payment options for deposits and withdrawals so there’s a lot of variation in this aspect with safe and smooth transactions for players.
While all their features are quite impressive, it’s the huge Foxbet welcome bonus that is the biggest highlight. Considering all things, we are certain that they will hold their reputation in Colorado too, so they deserve to be on our list of the best sportsbooks in the state.
Important Points to Consider When Choosing the Best Sportsbook
With many sportsbooks competing with each other in the market, players can have a tough time deciding the best operator to register with. Here are some things that players should consider before choosing a reliable sports betting service.
The first thing that players should consider is the welcome bonus being offered. We suggest players opt for operators that provide the best bonuses.
Odds And Betting Options
The odds and varieties of wagers enhance the overall betting experience for players. So it’s best to go for operators that have the most competitive odds and a huge variety of betting options.
Payment and transactions
Players should choose the sportsbook that has many different payment options and where the transactions are smooth, fast, and reliable.
Players can occasionally face issues, be it with the sportsbook features or payments. That is why it’s important to review the customer service quality of the operator before registering with them.
The availability of extra features such as live bets and cash out options in matches provides an extra edge to players so it’s something to consider when choosing the best sportsbook.
How to Create an Account and Place Bets on Online Betting Sites
The registration process for sports betting sites is more or less similar.
- Most sites have the ‘Join Now’ or ‘Sign Up’ option displayed at the top of the home page itself. Clicking on it will open the registration page.
- The registration process includes entering basic details such as personal, contact, and payment info.
- The next step is opting for relevant bonuses and entering promo codes if applicable.
- The final step is to submit the necessary documents to verify the account details. After the verification is complete, players can proceed to make their first deposit.
- Once the account is funded, placing bets is a simple process. The upcoming matches are listed on the home page itself as well as on the individual sport categories. Clicking on any match will open the betting interface.
- On the betting interface, players can see the odds and betting options and choose the amount they want to wager on the match.
Frequently Asked Questions (FAQs) on Sports Betting Sites
Since When Did Sports Betting Become Legal In Colorado?
Sports betting activities got legalized in Colorado since May 1, 2020.
Do I Have To Be A Citizen Of Colorado To Place Bets?
Players don’t have to be a citizen of Colorado to place bets on legal sportsbooks. The only requirement is that they need to present inside the state at the time of placing bets even if they are not a permanent resident of Colorado.
What Is The Verification Process For Sports Betting Sites?
Usually, players need to submit a copy of their SSN ID so that the sportsbook operators can check and verify the different information provided during the registration process. Full details of the verification process will be explained in the Help and FAQ section of the sports betting sites.
Are Sports Betting Sites Reliable?
Legal sports betting sites are licensed and regulated by respective authorities in Colorado as well as all other states. As such, they are reliable, and players need not worry about the trust factor of their services.
What Is The Purpose And Significance Of Betting Odds?
Betting odds are an indication of how likely it is for an event to occur in a match, and what amount of money players can win if their predicted event turns out to be correct.
Here are the best online sportsbooks in Colorado that deserve your attention: