Colorado Sports Betting: Find the Best Colorado Sportsbook
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Last Updated: 27 June, 2025
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With over 19 legal sportsbooks available within Colorado, it's easy to get overwhelmed. Our tool helps cut through the noise.
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We only recommend trusted and regulated sportsbooks available in Colorado.
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Top Colorado sports betting sites & promos
🏈 Colorado sports betting legal status
Is sports betting legal in Colorado?
Yes, sports betting is fully legal in Colorado, both online and in person.
The market opened on May 1, 2020, allowing Coloradans to place wagers with licensed sportsbooks and at retail sportsbooks.
The majority of retail sports betting platforms are located inside Colorado's casinos, most of which are based in one of the state's three gaming frontier towns.
List of Colorado sportsbooks in July 2025
Below is a list of all Colorado sportsbooks currently active and licensed by the Colorado Division of Gaming.
Best Colorado sportsbooks reviewed
When it comes to legal sports betting in Colorado, bettors have no shortage of options.
We’ve tested and reviewed the top Colorado sportsbooks, using key rating factors like customer support, deposit and withdrawal speed, mobile experience, betting options, bonuses, and live betting features.
Our top picks for Colorado in July 2025 are:
FanDuel Sportsbook Colorado – Best for user experience
DraftKings Sportsbook Colorado – Best for daily fantasy and mobile app
Caesars Sportsbook Colorado – Best for odds boosts and promos
BetMGM Sportsbook Colorado – Best for building parlays and payment flexibility
bet365 Sportsbook Colorado – Best for live betting and in-game markets
BetRivers Sportsbook Colorado – Best for new users and NHL streaming
ESPN BET Colorado – Best for market variety
Fanatics Sportsbook Colorado – Best for NFL fans and loyalty rewards
We break down each sportsbook in full below so you can decide which one fits your betting style.
Each review is based on real testing with verified accounts.
1. DraftKings Sportsbook Colorado - Best for beginners
DraftKings overview
DraftKings sportsbook video review
Summary
DraftKings is one of the best sportsbooks when it comes to Colorado sports betting, with a slick sports betting app and plenty of different betting markets to whet the appetites of sports bettors in Colorado.
New customers in Colorado can access the Bet $5, Get $150 in Bonus Bets welcome offer.
After making a qualifying wager, these new users will get six $25 bonus bets.
These bonus bets are valid for up to 7 days, so new players will have more than enough time to explore the platform.
The sportsbook serves up markets on all the biggest sports from the NFL, NBA, NHL, and MLB, to NCAA football and NCAA basketball.
There are also lots of tennis, soccer, and golf markets.
Live betting is prominent, with current odds updating as the action progresses, and restricted live streaming is used to help elevate “in-the-game” wagers.
DraftKings also stands out for its competitive odds, strong prop markets, and Flash Bets, which allow you to quickly place a bet on an individual game event.
Casual betters like DraftKings’ promotions and user experience, but the sportsbook is notorious for limiting consistently profitable accounts, meaning high-limit bettors beware.
Read our expert DraftKings review.
I turned to DraftKings for their NFL betting and was impressed by the instant payouts—much faster than any other platform I’ve used. The integration with my bank account was seamless, making the process hassle-free. DraftKings excels with its fast withdrawals and extensive betting markets. Their odds boosts and loyalty rewards are some of the best in the industry, offering real value for regular users. While they could improve the speed of applying promotions, DraftKings’ overall reliability and strong customer service make it a top choice for serious bettors.
DraftKings pros and cons
Pros
- ✅Offers detailed player and team props across major sports for enhanced betting strategies.
- ✅Supports Flash Bets, allowing rapid wagers during live events for dynamic gameplay.
- ✅Integration with DraftKings DFS accounts enables seamless transitions between fantasy and sportsbook.
Cons
- ❌Bonus bets must be used within seven days, limiting flexibility for casual bettors.
- ❌No dedicated customer service phone line, relying on live chat and email support.
2. Caesars Sportsbook Colorado - Best for sports selection
Caesars Sportsbook overview
Caesars Sportsbook video review
Summary
Caesars Sportsbook is one of the best sportsbooks available in Colorado.
Caesars is one of the most well-known names in all of gambling.
New users receive their own welcome gift:
Deposit $10 and make a $1 wager to automatically receive 10 profit boosts, each of which doubles potential winnings, good for a combined bonus value of up to $25,000.
A unique draw is the live streaming of NFL events.
Bettors can stream regular season and playoff NFL games directly from the app, which most sportsbooks lack.
Another big draw is the Caesars Rewards program, which lets you earn redeemable points for gift cards, electronics, and VIP perks at 50-plus Caesars Entertainment properties in the U.S.
With a plethora of banking options to choose from, including Venmo, PayPal, and Play+, deposits and withdrawals start at just $10, with all but one transaction processed within 24 hours.
Gamblers must choose from 25-plus betting markets with live betting and same-game parlays to wager on.
While Caesars’ odds and market availability occasionally lag behind top competitors, its top-notch customer service, distinctive features, and exceptionally rated mobile app (4.6/5 iOS, 4.2/5 Android) make it a premier option for Colorado sports bettors.
Read our expert Caesars Sportsbook review.
As someone who has tested numerous betting platforms, I was intrigued by Caesars Sportsbook’s sign-up bonus—matching my deposit immediately was a strong start. However, I quickly noticed that losing parlays lingered in the active bets section far too long, which cluttered the interface and made managing my bets less efficient. Caesars stands out in the competitive sportsbook market with its top-tier promotions and odds boosts, which are consistently among the most attractive I've encountered. These perks provide real value and make the platform worth considering, especially for serious bettors. While Caesars excels in promotions, the app’s interface and functionality lag behind some of its competitors. Issues like the delayed removal of settled bets and occasional technical glitches can hinder the betting experience.
Caesars Sportsbook pros and cons
Pros
- ✅NFL live streaming is available in-app, providing exclusive access to regular season and playoff games.
- ✅Microbetting options allow users to wager on individual plays, passes, or possessions for dynamic engagement.
- ✅The user-friendly bet slip enables customization of spreads and totals directly within the slip.
- ✅Caesars Rewards integrates with over 50 destinations, offering personalized redemption options like hotel stays and gift cards.
Cons
- ❌Caesars' odds are often less competitive, especially for futures and golf markets.
- ❌Betting markets are frequently removed quickly, limiting opportunities for sharp bettors.
- ❌Odds are displayed in a disorganized layout, making navigation challenging for some users.
3. BetMGM Sportsbook Colorado - Best for mobile betting
BetMGM overview
BetMGM sportsbook video review
Summary
BetMGM Sportsbook is a top-notch option for Colorado sports bettors.
With over 130 betting options per NFL contest, including point spreads, moneylines and totals, as well as more than 30 alternate half-point spreads to choose from, bettors are sure to enjoy their different offerings.
New users can claim a welcome bonus worth up to $1,500 in bonus bets if their first wager loses, while existing bettors can take advantage of ongoing promotions such as parlay boosts, bet insurance and exclusive Vegas discounts.
Boasting a roster of 75-plus betting markets for every MLB game and a robust overall focus on live or in-game betting, BetMGM is great for real-time wagering.
This includes a steady offer of in-game player props and competitive baseball odds.
A strong mobile app rating of 4.8/5 (iOS) and 4.3/5 (Android) facilitates betting on the go, with live feeds, game alerts and intuitive navigation.
BetMGM offers an impressive range of gaming options, including access to its online casino and poker platform, intriguing lines for golf, UFC and entertainment events.
While sharp bettors do run into account limits from time to time, casual bettors will be satisfied with the fact that BetMGM Rewards Points allow for loyalty points to be earned and redeemed across states.
BetMGM is backed by MGM Resorts International, so the combination of proven industry know-how and a premier sports betting experience make BetMGM one of the best options for Colorado bettors.
Read our expert BetMGM review.
I signed up for BetMGM, attracted by their generous deposit bonus which matched my $500 deposit with another $500. I was initially cautious after reading some negative reviews, but my experience turned out to be smooth. BetMGM’s daily odds boosts add significant value, making them a strong contender despite their standard sports odds. Their casino games are particularly robust, offering a great variety for those who like to mix up their betting. The app is user-friendly and reliable, with quick deposit and withdrawal processes. However, the absence of horse racing is a minor drawback.
BetMGM pros and cons
Pros
- ✅Offers betting markets for unique events, including entertainment and cross-sport parlays.
- ✅BetMGM Rewards Points can be redeemed across multiple jurisdictions, supporting frequent travelers.
- ✅Comprehensive racebook covers over 200 tracks worldwide, making it ideal for horse racing enthusiasts.
- ✅Wide range of sports covered, including niche options like badminton, snooker, and water polo.
Cons
- ❌Website layout can feel cluttered and cramped due to redundant navigation menus and persistent sidebars.
- ❌Customer support lacks phone assistance and has state-specific email addresses, complicating communication.
- ❌Some users report slower performance compared to rivals like DraftKings and FanDuel.
4. bet365 Sportsbook Colorado - Best for market selection
bet365 overview
bet365 sportsbook video review
Summary
bet365 Sportsbook Colorado offers one of the leading betting experiences available today.
Players are able to enjoy placing bets on over 30 sports markets and are able to bet on the NFL, NBA, MLB, cricket, and virtual sports, for example.
A $150 bonus on a $5 wager for new account users in Colorado or first-bet insurance up to $1,000.
All bonus bets are deposited into accounts within 1 hour of fulfilling the qualifying criteria.
Live betting and streaming, in particular, stand out; you can get real-time updates while you wager and watch, plus high-definition streaming for big games like the Super Bowl and World Series.
With competitive betting odds offered across MLB, UFC, horse racing and many more sports, bet365 provides Colorado bettors with great value for money, while there’s good flexibility in bet limits with the minimum stake priced from just $0.10.
Safe payment methods are provided, including PayPal, Visa, and Skrill.
No fees required in order to withdraw, the minimum deposit is $10 and transactions are quick and free from fees.
For Colorado bettors looking for first-class live betting, quality promotions, and top-notch odds, bet365 is a great sportsbook option.
Read our expert bet365 review.
bet365 quickly stood out to me, particularly during an NFL game where their early payout feature allowed me to secure my winnings before the final whistle. The speed at which the funds were deposited into my account was unparalleled—minutes after the game ended, I had full access to my money. bet365 may not boast the most visually appealing interface, but its extensive market options and the flexibility in crafting Same Game Parlays (SGPs) are what truly set it apart. Unlike other platforms that impose limitations, bet365 gives bettors the freedom to build customized bets that align perfectly with their strategies. Though the user interface could benefit from some refinement, bet365 excels where it matters most—payment speed, market depth, and promotional value. Instant withdrawals, particularly to e-wallets like Skrill, provide a seamless experience, and their no-strings-attached bets are a rarity in the industry.
bet365 pros and cons
Pros
- ✅Offers odds boosts for major events like the Super Bowl and FIFA World Cup.
- ✅Refer-a-Friend program rewards users with $50 bonus bets per referral.
- ✅Wide range of payment options, including PayNearMe and Paysafe Card for deposits.
- ✅Live chat support connects users with a representative in under 5 minutes.
Cons
- ❌No loyalty program or long-term rewards system available for sportsbook users.
- ❌Maximum win limits vary significantly between sports and lack transparency.
5. FanDuel Sportsbook Colorado - Best for promos and bonuses
FanDuel overview
FanDuel sportsbook video review
Summary
FanDuel Sportsbook Colorado delivers a diverse array of odds and markets, including competitive prices.
Players can bet on 20+ sports and have access to hundreds of daily markets for a few of the popular domestic leagues, like the NFL, NBA, and MLB, to name a few.
New users in Colorado can earn $150 in bonus bets by placing a $5 bet, with bonus bets credited to accounts 72 hours after a winning bet is resolved.
The FanDuel app boasts 4.8 out of 5 stars on iOS and a 4.7 experience on Android devices.
It's easy to navigate, offers up-to-the-second updates, and offers prebuilt same-game parlays in addition to options to customize and build your own.
FanDuel is a leader in live betting with fast-changing odds and exclusive live streaming rights with Major League Baseball for its “Game of the Day”.
It is also available on FanDuel+ in-app.
Colorado bettors can also take advantage of industry-leading responsible gaming features, including “My Spend” tracking.
Read our expert FanDuel review.
I was immediately impressed by FanDuel’s odds, especially when I placed a 6-leg NFL parlay. The difference in potential payout compared to other platforms was staggering—FanDuel offered nearly five times the return, which confirmed its value for maximizing profits. FanDuel’s higher payouts on parlays and the flexibility in adjusting spreads make it an essential tool for serious bettors. Their early cash-out feature is particularly useful for managing risk, allowing more strategic control over wagers. Despite its strengths in odds and market variety, FanDuel could enhance its offering by improving customer loyalty promotions and streamlining the app’s interface. However, the platform’s fast withdrawals and consistent market fairness position it as a top contender in the betting industry.
FanDuel pros and cons
Pros
- ✅Verified withdrawals process within 12-24 hours via PayPal and other secure methods.
- ✅Customer support is available 24/7 with live chat for quick issue resolution.
- ✅Same-game parlays offer both prebuilt options and customizable tools for greater flexibility.
- ✅Its daily fantasy sports platform enhances crossover appeal for DFS users.
Cons
- ❌DFS and sportsbook accounts require separate wallets, reducing convenience.
- ❌FanDuel lacks a loyalty program that so many other sportsbooks offer to their customers.
6. Fanatics Sportsbook Colorado - Best for rewards program
Fanatics overview
Summary
Fanatics Sportsbook Colorado has not taken long to make an impact on the state.
This sportsbook not only offers NFL live streaming, but also has a mobile app with an impressive app store rating of 4.7/5 on iOS and 4.5/5 on Android.
New users can claim up to $1,000 in “No Sweat Bets,” paid out over the first 10 days, with a minimum $1 bet.
Bettors can receive FanCash rewards of up to 10% on every bet they place, which can be used to redeem Fanatics merchandise and more.
The platform’s live betting system utilizes Amelco software to deliver continuously updating odds in real-time to enable smooth in-game wagering.
A highlight is Fanatics’ withdrawal tracker, providing transparency on payout processing in as little as 24 hours.
With excellent live streaming, dynamic betting markets, and exclusive rewards to top it off, Fanatics Sportsbook Colorado should appeal to both casual and experienced bettors alike.
Read our expert Fanatics sportsbook review.
I was intrigued by their generous refer-a-friend bonus—$50 each, plus 500 spins just for signing up. I decided to dive in during an NFL weekend and found the variety of props and live betting options impressive. I did encounter a minor glitch while setting up a parlay, but it didn’t affect my overall experience. Fanatics Sportsbook has quickly become one of my favorites, especially because of their tailored daily bonuses. The $10 daily bonus to play on any game is a standout feature, far surpassing what other platforms offer. The quick and hassle-free withdrawals further cemented my confidence in this site. While the platform offers a great range of sports and props, there are occasional interface glitches when creating parlays. However, their customer support is responsive and resolves issues swiftly.
Fanatics pros and cons
Pros
- ✅Users can redeem FanCash rewards for merchandise and other items.
- ✅Unique withdrawal tracker provides real-time updates on payout status.
- ✅Offers early cash-out options for maximizing profits or minimizing losses.
- ✅Comprehensive 24/7 customer support includes live chat, email, and phone options.
Cons
- ❌The sportsbook is relatively new and unproven compared to established competitors.
- ❌Live streaming availability is limited to select sports and events.
7. BetRivers Sportsbook Colorado - Best for live betting
BetRivers overview
BetRivers sportsbook video review
Summary
BetRivers is a trusted name in betting, and while it offers fewer promotions than its competitors, BetRivers does have a great sportsbook on an easy-to-use interface.
Expect to see plenty of live betting, the same-game parlay option, and plenty more features.
Colorado bettors can access over 300 different NHL betting options, plus a wide range of NFL and NBA futures, like playoff odds, division winners, and best player awards.
The BetRivers mobile app (iOS and Android) offers streaming for select events and a seamless interface (though some users feel it’s a bit busy).
BetRivers offers all the major sports you’re looking for, fueled by Kambi’s odds.
There are also exotic markets, including first-period moneylines in hockey and first-inning results in MLB.
Promotions include parlay insurance and profit boosts. Some promos have restrictive terms.
For example, the same bonus bets mentioned above have a -200 minimum odds requirement.
Offering live chat 24/7, secure deposit transactions and regulation specific to Colorado, BetRivers is a well-rounded option for casual bettors searching for a good variety of betting markets and reliable customer service.
Read our expert BetRivers sportsbook review.
As an experienced bettor, I decided to give BetRivers a try, lured by their competitive sign-up bonus. I placed a wager on an NBA game, and what really stood out was how quickly I could withdraw my winnings—by the next morning, the funds were already in my account, which isn’t something you see with every platform. BetRivers may not have the flashiest interface, but their customer service and fast payouts are top-tier. For seasoned bettors, these factors are far more important than a polished design, making BetRivers a reliable choice in the betting landscape. Despite its strengths, BetRivers does have room for improvement, particularly with its user interface, which feels outdated and cumbersome, especially with the need for separate apps by state. However, the platform’s efficiency in withdrawals, strong promotions, and responsive customer support outweigh these drawbacks.
BetRivers pros and cons
Pros
- ✅BetRivers offers over 300 betting opportunities per NHL game, including period-specific and multi-goalscorer markets.
- ✅Features robust futures markets for NFL and NBA, including in-season bets like playoff qualifications and win totals.
- ✅Same-game parlays and player prop options are extensive across all major sports, catering to experienced bettors.
- ✅Live betting integrates real-time updates, ensuring accurate odds and markets for ongoing games.
- ✅Sportsbook promotions include parlay insurance and profit boost offers tailored for frequent sports bettors.
Cons
- ❌Odds pricing is uncompetitive, leading to lower payouts compared to top-tier sportsbooks.
- ❌Withdrawals via bank transfer can take up to seven days, slower than industry norms.
8. ESPN Bet Sportsbook Colorado - Best for cashback rewards
ESPN Bet overview
ESPN Bet sportsbook video review
Summary
ESPN Bet takes ESPN’s extensive sports knowledge and integrates it with a streamlined, user-friendly sports betting experience that could be a tough new player on the Colorado sportsbook scene.
New users can take advantage of 2 welcome offers: Up to $1,000 First Bet Reset (Where losing bets are refunded as bonus bets in 20% increments) and a 200% deposit match up to $500 for deposits of $10 or more.
ESPN Bet is equipped with 19 sports for bettors to choose from, including the NFL, NBA, MLB, college football, and hundreds of betting markets per game to satisfy casual and experienced bettors alike.
The mobile app, rated 4.8/5 on iOS and 4.3/5 on Android, was easy to use, offering an overall seamless experience.
Early cash out and solid live betting features were highlights.
Although live streaming has not yet launched, the legacy of ESPN’s market dominance in the sports media space would indicate a roll-out at some point.
With round-the-clock support available via live chat and email 24 hours a day, seven days a week, ESPN Bet is shaping up to be an appealing option for Colorado sports bettors.
Read our expert ESPN Bet sportsbook review.
ESPN Bet pros and cons
Pros
- ✅The platform provides niche sports betting options, including CFL, NCAA hockey, and cycling, catering to diverse interests.
- ✅With 24/7 live chat, a callback option, and a dedicated Twitter support account, customer service is highly responsive.
- ✅Cashback rewards allow users to unlock 10% on sportsbook bets and 1% on casino bets, adding value to wagers.
Cons
- ❌ESPN BET lacks live streaming capabilities despite its strong sports media connections.
- ❌Cashback rewards must be unlocked and used within 30 days, limiting long-term value.
- ❌The platform offers fewer advanced features compared to competitors like FanDuel and DraftKings.
How we rate & rank Colorado betting sites
Our intention is to provide factual, impartial reviews of legal Colorado sports betting sites that make it simple to comprehend their pros and cons.
We use a uniform set of nine criteria to judge each platform, so you know you’re comparing them in a fair, apples-to-apples way:
Safety: We check whether the sportsbook is licensed to operate in Colorado. We also take a full look through their history, whether it’s new or well established, so that we’re certain your money is safe there. Further safety features are added whenever necessary.
Mobile betting app: We analyze the layout, functionality, user experience, distinct features, and how easy it is to place a real money wager.
Web betting site: We put everything you need to know to the test, including pros, cons, and how to customize the site and place a bet.
Deposits & withdrawals: We check out what payment methods you can use, how easy it is to make transactions, fees, and processing times for both deposits and withdrawals.
Markets: We look at the range of sports you can bet on and compare the quality and breadth of markets on offer across US sportsbooks.
Pre-match betting: We evaluate the convenience and flexibility of the pre-match betting functionality.
In-play betting: We assess your options for betting live on sports. Our focus is on how good the live markets are and how easy they are to use.
Welcome incentive: We outline the current sign-up bonus and compare it to what other sports betting sites are offering.
Customer service: We assess the quality of customer service, including live chat responsiveness and the efficacy of the support supplied.
We download and use each betting site ourselves with our own money to ensure the quality of the site is good enough for our readers to use.
Scoring & overall rating
Each criterion is scored on a points system, which is then converted into a star rating.
We average these scores to provide an overall rating for each legal sportsbook, making it easier for you to decide which one best meets your needs.
With our thorough and clear reviews, you can trust that you are getting an honest assessment, free from personal bias.
You can view our dedicated page for more information on how we test and review sportsbooks.
Additionally, you can view all of our sportsbook reviews.
What is the best Colorado sports betting app for iPhone?
What is the best Colorado sports betting app for Android?
🏢 Land-based Colorado sportsbooks
🏈 Colorado sports betting guide
Is sports betting legal in Colorado?
Yes, sports betting is completely legal in Colorado.
Voters in the state passed Proposition DD in November 2019, which legalized sports betting, both in brick-and-mortar and online formats, under the regulation of the state.
The market launched on May 1, 2020, and is regulated by the Colorado Division of Gaming.
Players are able to place bets in person at licensed sportsbooks located in casinos in Black Hawk, Central City, and Cripple Creek or online though licensed operators.
🏁 How to start betting in Colorado
If you’re new to sports betting or just new to the state, here’s how to start placing bets with a legal Colorado sportsbook.
✅ 1. Choose a legal Colorado sportsbook
Bet only with licensed operators given the green light by the Colorado Division of Gaming.
Among such established and credible brands are FanDuel, DraftKings, BetMGM, Caesars, BetRivers, and others.
What to look for:
Mobile app ratings of 4.5+
Fast withdrawals and low deposit minimums
Welcome bonuses that match your betting style
📝 2. Register for an account
Sign up online or in-app. You’ll be asked to provide:
Full name, address, and date of birth
The last 4 digits of your SSN for identity verification
Location access (you must be physically in Colorado to place bets)
💳 3. Make your first deposit
You can fund your account with trusted payment methods:
PayPal, online banking, Venmo
Visa, Mastercard, or Play+ prepaid cards
Minimum deposits start at $5–$10, depending on the sportsbook.
🎁 4. Claim a welcome bonus
New users can typically claim one of the following:
Bonus bets
Deposit matches
Second-chance bets
Pro tip: You can redeem a welcome bonus from each licensed sportsbook once.
🏈 5. Place your first bet
Pick a sport and wager type that fits your style:
Moneyline – Bet on the outright winner
Point spread – Bet on the margin of victory
Totals (Over/Under) – Bet on the combined score
Parlays – Combine multiple picks for bigger payouts
Place your wager and wait for the results.
💰 6. Withdraw winnings
Most withdrawals are processed within 1–3 days via:
PayPal, Venmo, or online banking
Paper checks and eChecks may take 3–7 days
Make sure to verify your identity before requesting a withdrawal.
📅 Colorado sports betting revenue (2024-2025)
🚫 Colorado sportsbooks to avoid
While Colorado offers a wide range of legal, licensed sportsbooks, some betting sites should be avoided.
These platforms operate offshore or without a license from the Colorado Division of Gaming, putting your money and personal information at serious risk.
🔐 Why you should stick to legal sportsbooks
Legal Colorado sportsbooks are regulated by the Colorado Division of Gaming, meaning:
Your money is protected
Disputes can be resolved
Customer service is responsive
Promotions follow fair terms
Responsible gambling tools are available
💡 Pro tip: Only place bets with sportsbooks listed on the Colorado Division of Gaming's official site. All brands reviewed on this page are fully licensed and safe.
How is Colorado sports betting changing in 2025
Recent statistics
Colorado set a new tax revenue record in January 2025, collecting $4.44 million, the highest since legalization, with a handle of $657.2 million—a 1.35% year-over-year increase.
Despite a 7.5% dip in handle to $496.6 million in February 2025, gross gaming revenue (GGR) soared 80% year-over-year to $46.4 million, up from $25.8 million in February 2024.
Online betting now accounts for 99.4% of all wagers, with retail betting nearly negligible in comparison (just $2.99 million in February).
Basketball remains king, making up 33% of the February 2025 handle, with $163.99 million in online bets.
Fiscal year-to-date (as of February 2025), Colorado's total wagers reached $4.31 billion, a 4.71% increase from the previous year, and tax revenue jumped 19% to over $24.5 million.
Sources: Colorado Department of Revenue, Yogonet
Sporting Post insights
Colorado’s sports betting market is maturing rapidly, but not without volatility. The state’s ability to post record tax collections and GGR despite month-to-month handle fluctuations reveals a market that is not just growing in volume but in profitability.
This is likely due to a combination of improved sportsbook margins (the average hold jumped to 9.3% in early 2025, up from 7.7% in 2024), more sophisticated promotional strategies, and increased player engagement with higher-margin bet types like parlays and in-play wagers.
The dominance of mobile betting—now nearly 100% of all action—signals a shift in consumer behavior that’s unlikely to reverse. Colorado’s regulatory approach, which encourages competition (with 18+ online sportsbooks live as of April 2025), has fostered innovation and better odds for bettors, but may also be driving smaller or less competitive operators out of the market.
Recent exits (Betway, ClutchBet, BetSafe) and new entrants (Fanatics Sportsbook) show the landscape is consolidating around major brands with strong tech and marketing.
Another underreported trend: the increasing importance of tax revenue for public projects. With voters approving the removal of the $29 million tax cap in late 2024, all sports betting tax proceeds can now be used for state water projects, making the sports betting industry a more integral part of Colorado’s fiscal planning.
Sporting Post predictions
Continued Revenue Growth, but Handle Plateaus: Expect Colorado’s annual handle growth to slow as the market matures, but GGR and tax revenue will keep rising thanks to higher hold percentages and more profitable bet types.
Market Consolidation: The number of active sportsbooks will likely shrink further, with only the most innovative and well-capitalized brands thriving. Expect more mergers, acquisitions, and exits among smaller operators.
Tech and Product Innovation: AI-driven odds, personalized promotions, and expanded live streaming will become standard, as operators seek to differentiate in a crowded field.
Policy and Regulatory Shifts: With the tax cap lifted, lawmakers may look to further refine regulations, possibly tightening rules around college props or introducing new responsible gambling initiatives as betting becomes more embedded in state revenue streams.
Mobile-First, In-Play Future: With nearly all bets already placed online, expect even more emphasis on in-play betting, micro-markets, and seamless app experiences, further distancing retail outlets from the action.
Colorado’s sports betting scene in 2025 is defined by record tax revenues, a fiercely competitive (but consolidating) operator landscape, and a digital-first bettor base.
The next phase will be about maximizing profitability, harnessing new technology, and integrating sports betting even more deeply into the state’s economic and social fabric.
How to gamble responsibly in Colorado
Before we end this article, we need to caution you to always bet responsibly.
To ensure you’re being cautious, betting sites implement various responsible gambling practices that will help you keep your betting habits in check.
Limits: Sportsbooks allow you to set betting limits, i.e., limit how much you can bet in a day, a week, or a month.
Cashouts: You can withdraw your winnings quite easily from any betting site. This prevents you from spending all of your winnings. There’s also the option for early cashout, so you can still get paid if the bet is starting to go sideways.
Help & resources: Betting sites provide access to resources for problem gamblers and point them to organizations that can help with gambling addiction.
To help with gambling, we created a 'how to bet on sports' guide that helps new sports bettors understand the industry better, to play safer and more securely.
Responsible gambling organizations and charities in the US
Frequently asked questions
Editorial policy
Our editorial policy ensures thoroughly researched, accurate, and unbiased content through strict sourcing standards and diligent review by top betting experts and seasoned editors.
This process maintains the integrity, relevance, and value of our content for our readers.
References
Colorado Limited Gaming Control Commission and Colorado Division of Gaming
https://wsb.wharton.upenn.edu/wp-content/uploads/2023/05/Beggy_2023__Betting_Kelly.pdf
https://sc.edu/uofsc/posts/2024/01/stephen-shapiro-sports-gambling.php
Contributors
Bradley Gibbs
Author
With over 12 years of experience, Bradley Gibbs is a seasoned sports betting writer and analyst specializing in uncovering value bets across football, horse racing, tennis, and golf.
His extensive coverage of these sports has been featured on numerous websites and in The Racing & Football Outlook, a renowned UK betting publication.
Bradley's expertise lies in identifying betting edges and delivering insightful, data-driven content for informed wagering.
Josh Miller
Reviewed By
Josh Miller, Sporting Post’s Sports & Casino Editor, brings over five years of experience in feature writing, blogging, and SEO.
With a strong background in football coverage and sports betting, his work has been featured in VAVEL.
Josh also writes extensively about online casinos, providing expert insights into games, bonuses, and gambling trends.
His engaging and informative content makes him a reliable resource for Sporting Post readers.