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

FanDuel★ 4.8

Cash outLive in-play betting

BetMGM★ 4.8

Parlay builderCustom odds

Fanatics★ 4.8

FanCash rewardsFast signup

theScore Bet★ 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

Sporttrade★ 4.5

State-licensed exchangePeer-to-peer tradingLow fees

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★ 4.6

CFTC-regulated (via QCEX)High-volume marketsCrypto-native

Robinhood★ 4.7

Powered by Kalshi0% commission50-state availability

FanDuel Predicts★ 4.6

CFTC-regulated50-state availabilitySports contracts in 18 states

DraftKings Predictions★ 4.6

CFTC-regulated38-state availabilitySports contracts in 17 states

Crypto.com Event Contracts★ 4.5

CFTC-regulated10 major sportsUSD + crypto deposits

Peer-to-Peer Sweepstakes Exchanges

Dual-currency model. Trade directly against other users instead of against a sportsbook.

Fliff★ 4.6

Social sportsbookDual-currency (Fliff Coins + Cash)Largest US sweepstakes operator

Rebet★ 4.4

Social sportsbookDual-currencyMobile-first

ProphetX★ 4.7

Peer-to-peer exchangeDual-currency model~3% commission

Legal Status

Highest sportsbook density in the US (16 operators). Lawmakers proposed taxing free bets in 2026.

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

Tax Information

10% tax on operator revenue. Bulk goes to CO Water Plan + behavioral health.

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. 2026
   Free-bet tax proposal

   Lawmakers propose taxing promotional free bets to boost revenue.

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.