Colorado Moneyline Betting — 20 Licensed Sportsbooks and What Bettors Should Know

Colorado runs one of the most competitive legal sports betting markets in the country. Twenty active licensed sportsbooks — including BetMGM, FanDuel, DraftKings, Novig, and Tipico — are all fighting for the same customers. That competition directly benefits moneyline bettors. More books mean more price variation, and more price variation means more opportunity to find a better number before you click "place bet."

Why does having 20 licensed sportsbooks matter for moneyline bettors?

I spent years setting lines at a sportsbook. Here's what that experience taught me: every book prices the same game slightly differently based on their own liability and incoming action. A -150 at one book is sometimes -140 somewhere else. That 10-cent difference on a $500 bet is real money over time. Not line-shopping — accepting the first moneyline price you see — leaves meaningful expected value on the table over hundreds of bets. Twenty competing books in Colorado makes line-shopping easier than almost anywhere else in the US. See our full breakdown of Best Licensed Sportsbooks for Moneyline Betting to compare the current options side by side.

How do I actually find the best moneyline price in Colorado?

Open two or three apps before every bet. Check the moneyline on your game across BetMGM, FanDuel, and DraftKings at minimum. Add Novig or Tipico if you want a wider look. The whole process takes under two minutes. If you want a more systematic approach, read Line Shopping Moneylines — How to Find the Best Price Every Time. The method matters more than the tool.

Is Colorado sports betting fully legal and regulated?

Yes. Sports betting was illegal in most US states until the Supreme Court struck down PASPA in May 2018. Colorado launched its regulated market after that ruling, and the 20 books operating today are all licensed at the state level. You must be physically located in Colorado when you place a bet — sportsbook apps use geolocation to verify your location. Most states, including Colorado, require bettors to be 21 or older. Always confirm current state requirements before signing up.

Should I use an offshore sportsbook for better odds?

No. Some offshore sites advertise sharper lines, but they operate outside the US licensing system. That means no regulatory protection if they refuse to pay out. Colorado's 20 licensed books give you a wide enough selection that chasing offshore odds is not worth the risk. Read more on that at Offshore and Unlicensed Sportsbooks — Why They're a Risk for Moneyline Bettors.

What about welcome bonuses — are they worth it for moneyline betting?

Bonuses can add value, but read the fine print carefully. Bonus bets are non-withdrawable — only winnings from using them can be cashed out. Some offers carry rollover requirements up to 25× the deposit plus bonus amount. Minimum odds thresholds may also apply to the qualifying bet, which affects how you use a moneyline wager to trigger the offer. Get the full picture at Welcome Bonuses for Moneyline Bettors — What the Fine Print Says.

21+ only. Colorado sports betting is legal for eligible residents and visitors who are physically present in the state. Gambling problem? Call 1-800-GAMBLER.