There are a lot of things in Colorado that could give you a Rocky Mountain High, but winning sports betting wagers was recently added to the list. The Centennial State started taking legal sports bets on May 1, 2020 and Colorado has become a real hotbed for wagering.
It is a state with some very fair laws and fees for the operators and a state that offers Remote Registration for all bettors, so that means that you can sign up for a sports betting account from anywhere. Because of that, the ease and convenience of betting on sports has allowed thousands upon thousands of Coloradoans to bet on the Broncos, Nuggets, Buffaloes, Rams, Falcons, Rockies, and all of the teams that reside in other states, countries, and nations around the globe.
Colorado law requires that you are 21 and older and you do have to bet while physically located within the state borders. Remote Registration allows you to sign up for Colorado sportsbooks and Colorado sports betting apps from outside of the state, but you cannot make a deposit or place a bet unless you are geolocated inside Colorado borders.
The fact that Colorado is a Remote Registration state makes life much easier on bettors. With retail sportsbooks located in Cripple Creek, Black Hawk, and Central City, it would be a lot more onerous to bet if you had to commute to those locations. They can be a long way away and we all know how the weather can be in the mountains.
Fortunately, you can sign up and deposit from anywhere in the state of Colorado, so that makes it easy. You can bet from the comforts of home or the convenience of on the go with mobile apps or the sportsbook’s website.
If you want, you can sign up at the retail properties and make a day of it, but most simply choose to do it the easy way.
Let’s dig a little deeper into how it all works to start betting on sports in Colorado:
There are a ton of options in Colorado. Because of the friendly rules and regulations and the openness of the Colorado sports betting market, there are more than 15 sportsbook operators and many more yet to come. National brand names like DraftKings, BetMGM, BetRivers, PointsBet, William Hill, and FanDuel operate alongside more regional sportsbooks like SportsBetting.com, Sky Ute, BetMonarch, and BetWildwood.
Other household names with a smaller market share like theScore Bet, Fox Bet, and SBK Sportsbook (Smarkets) have also started operations in Colorado.
There is even some Las Vegas flare with Circa Sports and SuperBook USA. Wynn Resorts is expected to come on board at some point as well.
Choices are good for the consumer. You can see which sportsbooks work best for you by reading reviews, like the ones we have here at ATS.io, or you can decide based on sign-up bonuses, look and feel, or the different contests and promotions offered on a daily or weekly basis.
For example, DraftKings offers a sign-up bonus up to $1,000, split between a Risk-Free Bet and a 20% Deposit Match Bonus. William Hill offers a 100% Deposit Match Bonus up to $500. PointsBet Sportsbook, headquartered in Denver, has two Deposit Bonus options, including a Deposit Match Bonus up to $250. Make the most of your money.
Make it about your personal preference. Do your research. It is an important decision, especially for those that are just starting out. Betting on sports can lead to information overload and you want to find a place that puts you at ease.
Once you decide on a sportsbook or decide to have multiple sportsbooks so that you can shop for the best odds, then it comes time to register. There are no punches pulled in this department. The sportsbooks want to make registration really easy. It is a simple, painless process that only requires some basic personal information so that your identity can be verified.
Most sportsbooks have a landing page with the entry form for registration. Some will have you click a big ‘Register’ button in the top corner. If you click through one of our affiliate offers to get a special Welcome Bonus, you are usually directed to the place to sign up.
Don’t worry about your personal information. Sportsbooks have invested in state-of-the-art cybersecurity and encryption technologies to protect your sensitive information.
Just about every sportsbook will have the same deposit methods. You might find some that accept a third party payment processor like PayPal or Skrill and others that don’t, but this is becoming standard across the industry.
Debit and credit card will be the most popular methods. Direct bank transactions like an ACH payment or an e-check will also be one of the most frequent ways of funding an account.
Most sportsbooks will process payouts and withdrawals in the same manner as the deposit, so keep that in mind for when you have winnings to withdraw.
When it comes to a Sign-Up Bonus, you may have to enter a promo code, like ATS or ATS150 or ATS300 or something to ensure that you get that initial deposit bonus. Don’t forget about this! You don’t want to leave free money just sitting there when you register and deposit.
Personal financial responsibility is so important when you bet on sports. There are a ton of games and events that you can bet on over the course of a day, week, month, and year. Several sportsbooks have instituted some safeguards so that users can protect themselves from taking it a step too far by giving customers the chance to place self-imposed daily, weekly, or monthly betting limits.
You need to know why you want to bet and what you hope to achieve. If you want to just have fun, some rooting interest, or maybe show your support in ways other than wearing a jersey and a cap, keep it that way. Don’t let what you win or what you lose consume your life.
If you feel like you want to do something more, understand that it can be a tough way to make a supplement or earn a living. Don’t spend your days deciding between paying a utility bill or placing a bet. Deposit what you can afford to lose and take a step back if you keep having to reload your account.
As we already mentioned, Colorado is a very fair state for the sportsbook operators. As a result, a lot of them got operations up and running as quickly as they could. You have a ton of choices.
We’ll let you know some of the best in our opinion:
The PointsBet US headquarters are in Downtown Denver, Colorado. The global headquarters are in Australia. This is an extremely popular sportsbook for its numerous promotions, boosted odds, and overall customer outreach. The innovative PointsBetting, higher-risk, higher-reward option draws rave reviews.
You can get a 100% Deposit Match Bonus up to $250 OR up to $1,000 from a Risk-Free Fixed Odds wager and a PointsBetting wager depending on which sign-up bonus works best for you.
This is a really good option for those in Colorado. SportsBetting.com doesn’t get as much pub or as much run because it is currently restricted to Colorado unlike a lot of the big-name operators, but they might have the best sign-up bonus in the business.
Through January 11, you can Triple Your Deposit Bonus up to $750. Once that promotion ends, SportsBetting.com will likely go back to its Risk-Free Betting Week up to $1000 promo.
BetMGM is known around the world for lavish casino and resort properties and operates in Colorado with a license from Midnight Rose Casino. This is a trusted and reputable name across all forms of gaming, including sports betting. BetMGM was one of several operators to launch on May 1, 2020.
You can get a Risk-Free Bet worth up to $500 from BetMGM upon sign-up.
BetRivers Sportsbook also launched on May 1 with a license through JP McGill’s Casino. BetRivers is one of the best sportsbooks for betting basketball, with hotbeds in places like Pennsylvania and Indiana in other locales.
BetRivers offers new customers a Deposit Match Bonus up to $250.
By now, everybody knows the name DraftKings. The transition from DFS site to robust sportsbook has been an extremely successful one. DraftKings has its Colorado licenses through the Golden Gulch Casino and the Golden Mardi Gras Casino and launched on May 1.
You can get up to a $1,000 Deposit Bonus from DraftKings split between a Risk-Free Wager and a Deposit Match Bonus.
William Hill is a global leader in sports betting and a company traded on the London Stock Exchange. William Hill US operates in several states, including Colorado, and has licenses in the state through Isle Casino and Lady Luck Casino. Colorado operations began on September 9, 2020.
William Hill offers a 100% Deposit Match Bonus up to $500.
There are a lot of additional options in Colorado. US Bookmaking runs Sky Ute Sportsbook and often offers reduced juice odds. Circa Sports launched on July 1, 2020 in its second state to go along with its Downtown Las Vegas books. FanDuel has licensing through Golden Mardi Gras Casino and Golden Gates Casino. Betfred operates through Saratoga Casino. Fox Bet and theScore Bet are among the other operators.
The Barstool Sports brand (Penn National Gaming) will be lauching soon in Colorado, along with bet365, Bet America, and others.
The process for betting on sports in Colorado is remarkably easy. You can sign up from anywhere. You can bet from anywhere in the state. You have a ton of options to pick from and lots of different offers, sign-up bonuses, and promotions to sort through before you figure out what is best for you.
When it comes to the right sportsbook, Colorado boasts all the major ones like SportsBetting.com, DraftKings, PointsBet, William Hill, BetMGM, and BetRivers. Read our reviews. Weigh the perks and promotions against each other. Then make your decision.
We’re always willing and able to help here at ATS.io, so don’t hesitate to reach out if you have any other questions for how to bet on sports in Colorado.