Gambling Deals in Colorado
Colorado joined the list of US states that offer some form of legal, regulated online gambling when it launched its online and mobile sports wagering market on 1 May 2020.
The only form of legal online gambling in the Centennial State is sports betting. But that certainly doesn’t mean there is a lack of gambling deals for prospective bettors.
Read on for a complete overview of Colorado’s legal online gambling options and the best deals available in the Centennial State!
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The best gambling deals in the Centennial State
At this moment in time, Colorado only permits online sports betting. The market has been created in such a way that once it reaches full maturity there could be more than 30 legal online sports betting sites.
That’s a lot of sportsbooks and offers to sift through, but don’t worry – this is where we come in. The experts at GamblingDeals.com have shopped around for the best online gambling deals that will get you some serious bang for your buck.
We’ve scoured Colorado’s online gambling space to find the best promotions, sign up bonuses and offers. It’s important to remember that the gambling sites listed on this site are 100% legal and regulated to serve customers in the Centennial State.
Legal online gambling options in Colorado
The state of Colorado currently permits online and mobile sports betting, and daily fantasy sports contests. There are currently no plans to legalize online casino gambling or online poker.
However, the state does permit land-based gambling at the state’s tribal and commercially owned casino venues.
Online sports betting in Colorado
The Centennial State narrowly legalized sports betting in November 2019 after voters approved the sports betting measure through a referendum. Sports betting was legalized in the state as a means to fund the state’s water projects using tax revenue.
The state of Colorado went on to launch sports betting on 1 May 2020.
Like many states with legal sports betting, Colorado’s laws allow for the state’s land-based casinos to operate physical sportsbooks and partner with online operators to host online and mobile sports betting products.
Due to the licensing structure, Colorado could have more than 30 online sports betting operators serve the state.
These are the legal online sports betting sites currently available in the state:
- SportsBetting.com (Carousel Group)
- Circa Sports
- ELITE Sportsbook
- Fox Bet
- SBK Sportsbook (Smarkets)
- Sky Ute
- theScore Bet
- William Hill
Online sports betting bonuses in Colorado
Colorado’s online sports betting sites offer new and existing customers with a variety of promotions and bonuses.
Here are some of the sports betting bonuses and promotions you’re likely to find in Colorado’s betting market.
First deposit bonuses
Nearly all online betting sites will offer new customers some kind of first deposit bonus. These bonuses can vary between sports betting sites, but you’re likely to come across free bets, odds boosts on first wagers, and matched deposits where the operator will match your initial deposit amount up to a certain amount.
Before snatching up a bonus, be sure to check the wagering requirements. Most offers will require the player to meet these before you can withdraw any profit you’ve made using bonus credits.
Online betting sites will also offer bonuses to existing customers. Often known as reload bonuses, these are typically used as a means to keep players coming back for more, and there’s always the possibility of winning some cash with them.
Reload bonuses are more or less the same as first deposit bonuses and can include matched deposits, odds boosts and free bets. However, they are usually less generous when it comes to how much you’ll be given.
A handful of Colorado’s sportsbook operators have integrated their rewards and loyalty programs into their sports betting apps. This gives players a chance to earn points and then redeem them for real world prizes like hotel stays and merchandise. Some schemes will also give bettors the chance to win free bets and cash to bet with.
Operators like MGM and Caesars, who operate major online and land-based gambling operations, have some of the most robust rewards schemes in the entire US gambling space.
Terms and conditions
Colorado gambling sites typically attach a range of terms and conditions to their bonuses, and it’s always wise to check these out before settling on a bonus. Here are a couple examples of key T&Cs you’ll encounter.
Many online gambling bonuses come with specific wagering requirements. These are certain criteria that must be met before a player can withdraw the winnings earned from a bonus as real cash.
For example, the wagering requirement may stipulate that you bet your bonus winnings a certain number of times before you can withdraw the profit. The upshot is, you should always check the wagering requirements of any bonus or deal before depositing funds.
Some gambling sites may also require you to make a minimum cash deposit to redeem a bonus. This will vary depending on the specific sportsbook and bonuses on offer, so it’s always best to check the terms and conditions.
Avoid offshore betting sites
While looking for an online gambling site in Colorado, you may come across unregulated sites, many of which are located offshore, that claim to accept Colorado customers. Do not fall for this ploy.
Online gambling sites that are not regulated or licenced by the state regulator do not have the legal right to serve customers in Colorado. They are, in other words, operating illegally.
Offshore gambling sites are not subject to the same regulatory standards as legal and regulated sites. This means that such sites may not have basic player protection standards in place and there’s no guarantee that your funds will be protected if something goes wrong.
These offshore or unregulated sites can be spotted by looking at the website’s domain name. If you see a domain that ends in .EU or .AG, it does not hold a license to operate in Colorado and therefore should be avoided. Bear in mind that some sites operating under a .com domain may also be doing so illegally.
The best way to tell if an online gambling site in Colorado is trustworthy is to check for the state regulator’s seal of approval before placing a bet. You can also check the state regulator’s site for a list of approved operators.