Colorado's Top Sportsbook Apps Reviewed
The Colorado state legislature approved sports betting during the summer of 2019. In November of that year, the proposed bill to allow legal sports bets was placed on the Colorado ballot. While support wasn't overwhelming, the legislation passed by more than 20,000 votes.
It took a few months to work out the legislative details on how legal sports betting would work. In May 2020, Colorado sportsbooks were permitted to go live. Four physical locations were prepared to launch almost immediately.
Three additional retail sportsbook locations have opened this summer. Lawmakers appreciated the importance of an online sportsbook option in their legislation as well. Since legal sports betting was officially announced, nine online sportsbook betting operators have launched.
Let's take a look at the history of how we got to this point in Colorado sports betting, including an overview of the taxes and regulations in place. Then, we'll review the online sportsbook apps currently in operation. We'll finish with some frequently asked questions about sports betting in the Rocky Mountain State.
Colorado Sports Betting History
Everything began for Colorado and the rest of the U.S. States in May 2018. That's when the United States Supreme Court ruled that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional.
This ruling didn't automatically upon the door for legal sports betting, but it clearly took the right to enforce illegal sports gambling out of the hands of the federal government. It was now up to each individual state to consider the issue.
Colorado's legislators began talking about the bill during the summer of 2018. Most agreed that the Colorado should offer legal sportsbooks in some form. There were few who disagreed. After months of negotiations, final legislation was passed in May 2019.
While lawmakers agreed 27-8 that legal sports betting was a good idea of Colorado residents, it was up to the residents to make the final call. In November, HB19-1327 was placed on the Colorado ballot. Over a million Colorado residents, cast a vote for or against legal sportsbooks.
The margin of error was extremely close, but the final tally box held 20,000 more votes for approval. Colorado's lawmakers began working on the guidelines and regulations. Almost immediately, Colorado saw how successful mobile sportsbooks were becoming in states already allowing sports betting.
It was part of their initial legislation. As they worked out the details of which casinos would be granted licenses for brick-and-mortar facilities, the push was on to gain access to Colorado's sports betting market via mobile.
As the final legislation began to unfold, it is important to note that Colorado lawmakers fought hard not to put any additional tax burden on residents. The entire 10 percent tax levied on sports betting revenue will be paid by the sportsbooks.
Colorado Sportsbook Apps
There are nine licensed mobile sportsbook apps listed. Some have yet to officially launch, including the Barstool Sportsbook. Sky Ute Sportsbook is the exclusive online app for the Sky Ute Casino.
BetRivers Colorado is affiliated with Rush Street Gaming and is also licensed in Colorado. These three are legal, but there are four sportsbook apps that have immediately jumped to the top of the list for Colorado sportsbook apps. Let's take a look at these four top apps.
DraftKings was one of the first to offer a sportsbook app when New Jersey became the first state to launch mobile sports betting. They have not disappointed. DraftKings has followed the trail across the nation as new states passed legislation legalizing sports bets.
DraftKings has launched their online sportsbook app in West Virginia, Indiana, New Hampshire and New Jersey. They also have struck a deal to enter the Illinois sportsbook market with a pending move into Iowa. DraftKings has a physical location in Mississippi as well.
However, they were one of a handful of sportsbook apps that made a serious push for a license in Colorado. As a leader in daily fantasy sports, DraftKings brings a massive customer base to its sports betting operations.
DraftKings also added double the promotional enticements for new accounts. Like many of their competitors, you will get a risk-free first bet up to $500 with the DraftKings app. DraftKings has also raised their matching deposit bonus plan.
They have raised the maximum matching number from $200 to $500. That means new account holders in Colorado have access to as much as $1,000 worth bonus money. DraftKings has a massive list of available sports to be, plus in-play betting.
Each of the major sports are offered, plus a series of futures bets on league outcomes. DraftKings also has unique odds on things such as lacrosse matches, snooker tournaments and swimming competitions. They truly have a diverse betting platform.
It's simple to secure a free DraftKings sportsbook account. Once you have your account verified, you can make a deposit and get right down to betting. We found only one minor disadvantage to DraftKings. The number of deposit options is limited.
The FanDuel Sportsbook has produced some of the most impressive numbers across the states where they have launched their app. They raced to the forefront in New Jersey, nearly double the handle of much of their competition.
They clearly envision the same type of success in Colorado. The FanDuel Sportsbook app is available on PC, iOS or Android devices. All new accounts will receive a $500 risk-free first bet. There is no promo code required to earn this free bet.
FanDuel is supported by the world-renowned betting platform Paddy Power Betfair. The registration process is simple. FanDuel also allows account holders to make deposits using most major credit cards.
You can also fund a FanDuel prepaid card, use a PayPal account, or make a deposit from your bank using an ACH bank draft. The website and mobile app are very similar designs. There is no big difference from placing your bets on a full screen PC, or navigating the full betting board on a mobile device.
FanDuel has betting options for all major sports. There are future lines for upcoming league championships, divisional winners, plus odds to make league playoffs. FanDuel's app is fluid and user-friendly.
If you have a FanDuel account in a currently legal state, you can transfer your user account information to bet legally online in Colorado. There is little doubt FanDuel will be a prominent sportsbook app in Colorado.
MGM International has one of the solidest reputations in the casino and betting industry. It is not surprising they have had early success in the world of sports betting. BetMGM launched their first sportsbook app in New Jersey.
With a world-renowned reputation, the have continued to partner with physical locations as new states began to open up sportsbooks. In Colorado, this partnership is with the Midnight Rose Hotel and Casino.
You can download the popular BetMGM sportsbook app on iOS or Android devices. BetMGM can also be accessed online on a PC. The sportsbook app is also available in five other states, plus BetMGM operates a physical location in Mississippi.
One advantage of the BetMGM sportsbook app is that account holders can also access online poker and casino games in states where these types of opportunities are legal. Like FanDuel, BetMGM offers new accounts a $500 risk-free first bet.
BetMGM was one of the leaders in offering betting platforms for virtual sports as live sports slowly made a comeback. The BetMGM sportsbook app has enjoyed outstanding success in the states it currently is active and expects similar levels of success in Colorado.
Our fourth major sportsbook app available in Colorado waited a couple of weeks past the previous three to launch. FoxBet opened their sportsbook app up to Colorado residents on the morning of May 19, 2020.
New accounts to FoxBet will get a $500 risk-free first bet similar to the other new account promotions. There is also a 50 percent matching deposit offer up to $500. However, FoxBet added a unique bonus opportunity for Colorado sports fans.
On the futures list of odds, Denver football fans can bet on the Broncos to have a winning season. There is a winning payout at the end of the season for those who choose correctly.
However, FoxBet is also giving those who placed this bet a free $10 to bet with every week during the NFL season. FoxBet has a huge supporter in former Denver Broncos tight end Shannon Sharpe.
With their connection to the NFL through Fox Sports, plus the vocal support of Sharpe, FoxBet should prove to be a fan-favorite of Coloradans. FoxBet is ready to make a tremendous impact on the Colorado sports betting market.
FoxBet is parented by the Stars Group, something that will appeal to online poker players as well. They have engaged the fans of Colorado's professional teams, plus have an established name to further support their chances of having a huge Colorado sports bettor following.
Frequently Asked Questions
- Is sports betting online legal in Colorado?
- Are card rooms legal in Colorado?
- Are there Indian Casinos in Colorado?
- Is there mobile sports betting available?
- Is Poker legal in Colorado?
- Are Casinos legal in Colorado?
- Is FanDuel Sportsbook available in Colorado?
- Is DraftKings Sportsbook available in Colorado?
- What is the tax rate on betting in Colorado?
On May 1, 2020, the voter-approved legislation to allow online sports betting in Colorado officially launched. Upon approval of HB19-1327, Proposition DD, voters added the final requirement for legal sports betting. The initial legislation, approved by voters in November 2019, includes provisions for online sports betting.
Card rooms in Colorado are legal at 13 individual casinos. There are also poker room locations at three additional venues. Colorado's laws restrict professional gambling, but there is legal precedent for poker was ruled a game of skill, therefore not subject to professional gambling restrictions.
There are two official Indian casino locations listed for Colorado. The Southern Ute Indian Tribe, The Sky Ute Casino Resort, is in Ignacio, Colorado. The Ute Mountain Ute Tribe, Ute Mountain Casino 3 is in Towaoc, Colorado. These are the only two licensed tribal casino locations in Colorado.
As part of the law passed in 2019, legal online sports betting in Colorado includes the ability to bet from any PC or mobile device. Mobile sports betting is available through nine active sportsbook apps currently licensed in the state.
Legal precedent has been ruled in many states addressing poker. In Colorado, a judge ruled that defendants charged with illegal gambling at a poker tournament, deemed poker to be a game of skill, and therefore not gambling. Poker is legal at licensed casinos and poker rooms in Colorado.
Casinos are legal in Colorado. There are more than 40 legal casinos listed as licensed gaming facilities in the state. Gilpin and Blackhawk Counties have more than half of the licensed casino locations for the state. There are no casinos located in Denver, the capital of Colorado.
The FanDuel Sportsbook app was one of the initial apps to launch on May 1, 2020. FanDuel is partner with Twin Rivers Worldwide Holdings and affiliated with the Golden Gates Casino Blackhawk, Colorado. FanDuel is available in Colorado on iOS or Android mobile devices.
DraftKings has an affiliation with the Golden Mardi Gras Casino through its sportsbook partnership with Twin Rivers Holdings, Inc. They launched their digital sportsbook app in Colorado on May 1, 2020. There are plans as well to open a physical DraftKings sportsbook at the Golden Mardi Gras location.
There is a 10 percent tax rate levied against sports betting in Colorado. The majority of the revenue generated is set to fund the Colorado Water Plan. This tax is generated from the casinos that house physical sportsbooks, plus the sportsbook app operators with a Colorado license.