Sports Betting in Colorado

Licensed Sportsbooks

State-licensed regulated sportsbooks. Operator tax rate: 10%. Online betting legal since May 2020.

DraftKings★ 4.9

Same-game parlaysDFS integration

Hard Rock Bet★ 4.9

Flash Drops rewardsTiered progression

FanDuel★ 4.8

Cash outLive in-play betting

BetMGM★ 4.8

Parlay builderCustom odds

Fanatics★ 4.8

FanCash rewardsFast signup

theScore★ 4.8

Integrated mediaStats-driven

BetRivers★ 4.8

Prop CentralEarly cashout

Bet365★ 4.8

40+ sportsEarly payouts

Caesars★ 4.7

Caesars RewardsProfit boosts

Bally Bet★ 4.7

Unified walletCasino integration

Circa Sports★ 4.7

Sharp linesNo-limit betting

Prediction Markets

Federally regulated by the CFTC. Trade event contracts on an exchange model — separate from state-licensed sportsbooks.

Kalshi★ 4.9

CFTC-regulatedSports event contractsLive trading

Polymarket US★ 4.6

CFTC-regulatedFully collateralizedNo margin or leverage

Robinhood★ 4.7

Powered by Kalshi0% commissionSports contracts in most states

FanDuel Predicts★ 4.6

CFTC-regulatedAll 50 states + DCSports contracts in 17 states

DraftKings Predictions★ 4.6

CFTC-regulated48 states + DCSports contracts in 17 states

Crypto.com Event Contracts★ 4.5

CFTC-regulated10 major sportsUSD + crypto deposits

ProphetX★ 4.7

CFTC-regulatedPeer-to-peer sports exchangeSports-only contracts

Novig★ 4.8

CFTC-regulatedPeer-to-peer sports exchangeNo fee on pre-game trades

Sweepstakes Sportsbooks

Dual-currency social sportsbooks: play with free coins, or with a sweepstakes currency that can be redeemed for cash prizes where the operator's rules allow.

Rebet★ 4.4

Social sportsbookDual-currencyMobile-first

Legal Status

Twelve online sportsbooks live after Sporttrade left in May 2026. A 2025 law phased out the free-bet tax deduction, and it ended entirely on July 1, 2026.

Online sports betting has been legal in Colorado since May 2020.

Tax Information

10% tax on net sports betting proceeds, mostly to the Colorado Water Plan. Since July 1, 2026, operators can no longer deduct free bets from taxable revenue.

College Betting Restrictions

No college player props. Game outcomes allowed.

Legislative Timeline

1. May 2018
   PASPA struck down by SCOTUS
2. November 2019
   Proposition DD approved

   Voters narrowly authorize sports betting via ballot measure.

3. May 2020
   Online sports betting launches

   First state to go live online during the COVID pandemic.

4. May 2025
   Free-bet deduction phased out

   HB25-1311 ends the promotional deduction; fully eliminated July 1, 2026.

How DawBets Helps Colorado Bettors

DawBets compares odds across every sportsbook available in Colorado in real time. Instead of checking each app individually, see all prices side-by-side and always place your bet at the best available line.

Frequently asked questions