Online sports betting is legal in the Centennial State! Colorado was the 19th state to legalize sports betting, but it might have the best situation of any new legal state for bettors. Colorado has full online sports betting on sites and apps, plus a low barrier to entry for operators, which is creating healthy operator competition that will benefit consumers. Here’s what you need to know about Colorado sports betting from top sportsbooks and promotions to current betting markets and educational resources.

In addition to legal sports betting, Colorado sports bettors can play PrizePicks, a DFS provider that is currently available in 30 states and Washington D.C. Bettors simply select their favorite players like Nikola Jokič and Nathan MacKinnon, choose an over/under player prop, and they’re entered in to win cash prizes!

How to Place a Mobile Sports Bet in Colorado

It’s easy to get started with sports betting in Colorado. Here’s how:

Step 1: Choose a CO Sportsbook

Colorado has a few sportsbooks, and will eventually have more than a dozen, so you’ll be able to shop for the best lines. But you have to start with one. Let’s start with BetMGM, which gives you up to $1,500 back on your first bet if you don’t win if you follow this link. If you want signup steps with a video walkthrough on placing your first bet in Colorado, check out our write-up here.

Step 2: Sign Up & Deposit

Follow the prompts to set up your account with BetMGM. They may ask for your social security number or driver’s license to verify your identity and age. BetMGM will take you right to the deposit screen once you’ve put in your information. Select your payment method, then click deposit. The best method, in our opinion, is direct deposit via a bank account. You can use your login, and when you cash out, the money will go straight to your bank account (and not credited back to a card).

Step 3: Verify Your Location

If you’re using a desktop computer, Colorado sportsbooks require you to download location-tracking software. The state uses GeoComply, which is an industry gold standard. If you’re on your phone, just allow the app to track your location, and you won’t need additional software.

Step 4: Place a Legal Bet in CO

BetMGM offers fair odds compared to its competitors in a lot of markets. Here’s how to make a bet. Congrats! You’ve just placed your first legal sports bet online in Colorado!

• Go to the sport
• Click the line you want to bet
• Click bet slip (or navigate if you’re on a computer)
• Enter your bet amount
• Submit

CO Sports Betting Regulations

CO gives sports bettors freedom to wager with relatively few restrictions, but there are some key regulations in place to be aware of.