Esports betting is still gaining traction in Colorado in 2023. Back in early in 2020, the governor of the state legalized esports betting and online wagering. While esports betting in the USA is still in its early stages, US fans can still bet on esports if they’re in Tennessee, New Jersey, Colorado, Nevada and a few other states.

Colorado’s Sky Ute Casino announced that it would launch the first US-based esports-only sportsbook in cooperation with USBookmaking and GameCo as soon as the decision was made public. This was terrific news for Colorado bettors since the sportsbook would only be available in their state.

Moving to present day, what is the state of esports betting in Colorado?

Esports Betting Colorado

Esports Betting Laws In Colorado

Before we get into the details on betting sites in Colorado, let’s take a closer look at Colorado’s gambling laws.

According to the HB 1327 2019 law, esports events are categorized as sports events, making them legal. As a result, many esports bookmakers have launched in Colorado since May 1st, 2020. However, it is also stated that any esports games that aren’t sanctioned by a sports governing body or any events that include high-school participants are not to be bet on.

Colorado was one of the first states to legalize daily fantasy sports when the legislation passed the CO HB1404 law.

What are the requirements for you to bet on esports in Colorado?

While you have to be 21 years of age for physical casinos, you can bet on an online sportsbook if you’re at least 18 years old. If you want to participate in online betting in Colorado, you’ll also have to be in Colorado physically. And while you don’t need to live there (you won’t be asked to provide an address in Colorado), you still have to be in the state.

When it comes to depositing and withdrawing your winnings, you’ll have tons of options like credit or debit cards, wire transfer, PayPal, prepaid cards, etc. We’d highly suggest using online banking or PayPal since those are the most reliable and efficient ways.

So, which are the best betting sites in Colorado?

Best Esports Betting Sites in Colorado

While there are tons of esports bookmakers out there, there are a few that stand out in Colorado.

1. DraftKings

When it comes to DFS (Daily Fantasy Sports) and Fantasy Esports, DraftKings usually tops the lists. DraftKings has had success all over the country, from New Jersey to Nevada.

Boasting a top of the line user-friendly interface, as well as daily odds boosts makes DraftKings the best sportsbook to bet on in Colorado.

They regularly offer promo codes, like $50 free bets and up to $1,000 deposit bonus on your first deposit. So keep an eye out for these.

draftkings fantasy esports promo

2. BetMGM

While BetMGM is an option offered by MGM Resorts International, an actual casino, it has to be said that their transition to online betting is superb. Their platform is really sleek, and while they may not offer as many features as the other two betting sites we mention, the options that they offer are really good.

Plus, they usually offer bonus codes for Colorado users, which are probably the best ones you can find in the state.

3. FanDuel

For many users, FanDuel is the best choice for Colorado-based bettors, because of the plethora of features offered for DFS. Some have even characterised it as a “sports betting powerhouse”.

New bettors can get a risk-free bet of up to $1,000.

What really makes FanDuel stand out is their app. It’s undoubtedly the best looking app you can get from any esports betting sites in the US. So if you’re wondering which one to choose, our first choice is DraftKings Esports. But you can also test all three.

Future of Colorado’s Esports Betting

Going ahead, Colorado has a lot to offer in the esports betting scene. It’s been several years since esports betting in Colorado became legal, and many improvements are still made, both by the state and by the esports bookmakers. Currently, 23 operators are licensed to operate online sports betting in Colorado, several of which also feature esports markets in their portfolio.