CO Sports Betting: Best Colorado Sports Betting Sites 2023

CO Sports Betting: Best Colorado Sports Betting Sites 2023

Is sports betting legal in Colorado?


Table Of Contents:

When did Sports Betting become legal in Colorado

Sports betting has now been legal for three years in Colorado. Since May 2020 when sports gambling was legalized, the Centennial State now has more than two dozen legal sports betting apps.

There are currently 25 legal sportsbooks in Colorado, which is the maximum allowed in the state – for now, at least. After doing a deep dive of the sports gambling space in Colorado, let’s take a look at the five best betting sites available to local users as well as current offer codes available with each. Of course, top sites is subjective – but we will not steer you wrong.

Top five sports betting sites in Colorado 

After evaluating all of the Colorado legal betting sites, we have come up with our favorite sportsbooks to use when placing bets in the state. We looked at sign-up offers and promotions, odds and many other aspects to create the list below.

RankSportsbookWelcome Offer + CodePickswise Rating
#1FanDuel Sportsbook
FanDuel Logo
Bet $5 and Receive $200 in Bonus Bets + $100 off NFL Sunday Ticket
#2DraftKings Sportsbook
Draftkings logo
Bet $5, Get $200
#3Caesars Sportsbook
Caesars Logo
Bet $50, Get $250 in Bonus Bets
BetRivers Logo
$250 2nd Chance Bet
Bet365 Logo
Bet $1, Get $365

Colorado betting sites

Now you know our best Colorado betting sites, but this section will explain why these sportsbooks are our favorites. You will learn about all of the sign-up offers as well as the pros and other attractive features of each sportsbook.

FanDuel Logo

FanDuel Sportsbook CO

FanDuel earned a perfect 5/5 in our evaluation process thanks to a wide variety of available Colorado markets, various futures odds and an amazing sign-up bonus. FanDuel also posts odds very quickly for the following day’s games, the next round of playoffs and any pending future.

FanDuel welcome offer

All new FanDuel customers are eligible for a $200 in bonus bets. To claim the promotion for Colorado, you just need to make a deposit of at least $10 and a first bet of at least $5. But that’s not all, you will also be eligible for $100 off an NFL Sunday ticket

Why you should bet with FanDuel

  • Huge deposit bonus
  • Live betting markets for Colorado
  • Special bonuses available for Colorado residents specific to Colorado home teams.

What states is FanDuel available in?

AZ, CO, CT, IA, IL, IN, KS, LA (permitted parishes only), MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY

Draftkings logo

FanDuel Sportsbook CO

Coming in at #2 in our best Colorado betting sites is DraftKings Sportsbook. DraftKings earned a near-perfect grade of 4.9 due to their simple new-user promo, their trusted reputation and their prop market availability. 

DraftKings welcome offer

DraftKings allows new customers to instantly receive $200 in bonus bets no matter what. To claim the promo, you must make an initial deposit of at least $5 and then bet $5 on any market. Once that bet settles, you will receive $150 in bonus bets. It doesn’t even matter if your first bet wins or loses; the bonus bets are guaranteed.

Why you should bet with DraftKings

  • Guaranteed deposit bonus
  • Variety of deposit methods
  • Trusted brand in the sports betting industry

What states is DraftKings available in?

AZ, CO, CT, IL, IN, IA, KS, LA, MD, MA, MI, NH, NJ, NY, OH, OR, PA, TN, WV, WY, and VA

Caesars Logo

Caesars Sportsbook CO

Caesars Sportsbook comes in at number four on our list of best Colorado betting sites, but its overall grade of 4.7 is not that far behind the top spot. Caesars offers one of the biggest sign-up bonuses in the sports betting market, which gives them a huge boost in our scoring criteria.

Caesars welcome offer

The Caesars new-user promotion gives $250 in bonus bets, as long as you deposit and wager at least $50. You need a promo code to join, but you can use our code PICKSWISEGET

Why you should bet with Caesars

  • Excellent player rewards program
  • Extensive menu of markets
  • Huge sign-up bonus

What states is Caesars available in?

AZ, CO, IL, IN, IA, KS, LA, MD, MI, NV, NJ, NY, OH, PA, TN, VA, WV, D.C., and WY

BetRivers Logo

BetRivers Sportsbook CO

Last but not least in our list of best Colorado betting sites is BetRivers. They come in at #5, but there are several sportsbooks that did not make our list. BetRivers is a fairly new sportsbook, but their deposit bonus is competitive with companies that have been in operation for much longer.

BetRivers welcome offer

The BetRivers sign-up promotion allows new customers to receive a 2nd Chance Bet worth up to $250. If your first bet loses, you will receive bonus bets equal to the amount of the losing bet. Your bet must be for at least $10 and a maximum of $250 in order to be eligible for the promo. Use deposit code SPORTS to join.

Why you should bet with BetRivers

  • Low juice odds
  • Instant payouts
  • Large offering of alternate lines

What states is BetRivers available in?


Bet365 icon

Bet365 Sportsbook CO

Bet365 is another sportsbook that ranks very highly in our list of Colorado betting sites. Bet365 has a lucrative deposit bonus, high payout limits and a huge number of betting markets.

Bet365 welcome offer

Bet365’s welcome offer allows new users to receive $365 in bonus bets, regardless of the result of their first bet. The minimum deposit is just $10 and the minimum wager amount is just $1, the lowest minimum qualifying wager of all the sportsbooks in our list.

Why you should bet with Bet365

  • User-friendly website and mobile app
  • Live betting with live streaming 
  • 24/7 customer support

What states is Bet365 available in?


How we rate Colorado sportsbooks

At Pickswise, we have a unique formula that we use to evaluate Colorado betting sites. We look at things such as the various new-user promos, the variety of markets offered for Colorado and the odds offered for those respective markets. In addition to the user experience, we also take into account the overall bang for your buck and site reliability. All of our top sportsbooks are available in a variety of states.

How to sign up with a Colorado sportsbook online

Colorado betting sites that are difficult to join would not crack our list. All five of the best Colorado betting sites are very easy to sign up for. Use the step-by-step guide below to get started.

  1. Use any of the links in the article to join the Colorado sportsbook of your choosing
  2. Create an account
  3. Meet the minimum deposit and bet requirements so that you are eligible for the sign-up bonuses. These can vary so be sure to review the terms and conditions of the offer

How to choose a sportsbook for Colorado?

We have recommended several great options to choose from for your preferred sports betting site. All have their pros and cons, depending on what is most important to you as a sports bettor. You may want the biggest sign-up bonus, the best odds, or simply just the best mobile app – which could all lead you to various Colorado betting sites.

For me, having odds quickly available is a primary determining factor when selecting a sportsbook. For example, at the completion of a game in any sport, a round of a golf tournament, a playoff round of any sport, or a March Madness tournament round, any sportsbook that has the odds of the next game or round up the fastest is one that will draw me. I want to have instant access to the odds for that game so that I can get the best line.

Which Colorado betting site provides the best odds? 

There isn’t one particular sportsbook that offers the best odds for every market. Some have the best odds for futures markets but are not as competitive with player prop markets. You will need to decide which market is most important to you and then seek out which Colorado betting site offers the best odds for that market. 

Are these Colorado sportsbooks legal and legit? 

Yes, all of the Colorado betting sites on our list are legal and legit. In fact, we would not recommend them if they were not. Part of the review process evaluates the legitimacy of each sportsbook to examine how they take deposits and how seamless their payouts are. 

If you are located in any of the following states, you should feel comfortable joining any of our best Colorado betting sites: 

Andrew Wilsher

Managing Editor

Andrew Wilsher has 11 years of sports betting experience and has been the managing editor of Pickswise for 3 years. Born and raised in jolly old London, England, Andrew has an undying love for the NFL, soccer, NBA and horse racing. He is a big-time sports bettor who loves futures markets and is a long-suffering New York Jets fan.

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Can you play fantasy sports in Colorado?

Fantasy sports are entirely legal and available to play in Colorado. Even if you are a massive fan of sports betting, daily fantasy sports (DFS) is a great way to enjoy sports differently while still having monetary skin in the game.

If you’ve ever played season-long fantasy football, you’d quickly get the hang of DFS. It is similar in that you are constructing a team of individual players, and your roster is scored based on their statistical production combined.

The big difference is that it is a daily game instead of a season-long competition. It would be best if you also stayed under a salary cap with your player selections. We recommend Fantasy Alarm as a great resource to help you make informed fantasy decisions.


Yes, Sports Betting is legal in Colorado. The bill was passed in November 2019.


Yes, Colorado legalized sports betting in November 2019. However, legalization was required over voter approval. Officially, Colorado sports betting was launched in person and online in May 2020.

Yes, select Colorado betting sites are now offering live streaming options on their sites so that you can watch your bet in action.

Our reviewed process has selected FanDuel as our top Colorado betting site. However, depending on your wants and needs, another sportsbook may be an even better option.

Our best Colorado betting sites offer a wide variety of deposit methods including credit cards, debit cards, PayPal and bank/wire transfers.