In 2018, the US Senate removed the federal ban on sports betting.

This allowed each state to decide whether they would legalize online sports wagering.

However, the issue soon became a political one, with many states eager not to be seen as an early adopter and promoting the sports betting industry. However, the potential returns in terms of additional tax revenue proved too much for states such as New Jersey and Pennsylvania. What started as a trickle soon became a stream with the state after state voting to allow online sports betting.

Colorado was initially concerned with its image, suggesting that it would redirect any tax revenues from sports betting to fix local water issues. However, in 2019 after a lengthy referendum campaign, local voters opted to legalize online sports betting in the state. In May 2020, the state went live and has never looked back.

Colorado is now one of the largest online sports betting markets in the country.

DraftKings and FanDuel enjoy a healthy market share and both sportsbooks have an excellent product customized for Colorado residents.

However, it is PointsBet that gets our vote for the best online sportsbook in the state. The Aussie online sportsbook has invested heavily in their Colorado product and it shows. They have the best odds, selection of bets, payment options and now an incredible welcome bonus.

Once you have selected what sportsbook you wish to sign-up with, you will need to follow a simple sign-up process.

Before we go through these steps, it is important to remind you that you must be within state borders to wager, deposit or withdraw money legally.

You are officially allowed to sign-up to the sportsbook anywhere in the country, but considering you always have to leave a deposit to sign-up, you won't get far.

Additionally, we do not recommend you use a VPN. They simply do not work on geo-restricted phone apps. These apps will contact your cell network to check that you are where you say you are. If you manage to fool the online sportsbook and win, they are within their rights to cancel your account or demand the money back. In short - it's not worth it.

The Sports betting market in Colorado is growing fast.

This can both be good and bad news for you as a new customer.

The higher competition will lead to larger bonuses for you. It will also force sportsbooks to offer a range of different types of bonuses such as second chance bets or even the much-coveted no-deposit bonuses.

Remember, if some bonuses sound too good to be true, then read the small print.

However, sportsbooks will undoubtedly become more creative with their small print to appear more competitive, ultimately resulting in some misleading claims. We usually see this in the form of a high turnover requirement. This means that you are required to win a certain amount of times with your original bonus before it is counted as real money and not a bonus bet. This can mean lead to a situation where one sportsbook may appear to offer a smaller bonus, but this bonus may be the better value.

Let's look at the following example:

• Sportsbook A offers a matched deposit bonus of $1,000
• Sportsbook B offers a matched deposit bonus of $500

At first glance, it would appear that sportsbook A is much better value, especially if you are willing to put down $1000 as a first deposit. However, in the small print, you find a turnover requirement.

• Sportsbook A has an x12 turnover requirement with its matched bonus
• Sportsbook B has an x1 turnover requirement with its matched bonus

This stipulation is often included far down in the terms and conditions. Sportsbook A's requirement means that you will need to win 12 wagers in a row with your bonus bets before the money is yours compared to Sportsbook A, where you must only win once, making it a much better value.

The lesson here is you must always do your homework!

This is currently the in vogue welcome bonus.

A second chance bet bonus guarantees your first wager back in the form of bonus bets if you lose, letting you place another wager to try and win back your first loss.

This is a great type of offer and can offer your some real value. However, it is important to remember that it is not without risk.

You are repaid your original wager in the form of a bonus bet, which means you will need to place one more wager and risk losing before the money is counted as yours.

You can see some of the different outcomes in the example below.

As long as you have accounted for the fact that a second chance bet is not entirely without risk, then we can highly recommend this type of bet.

We prefer to see this type of bet as an opportunity to have a second try, should you screw up your first wager. This is especially relevant to a new customer who may not be acquainted with sports betting or that particular sportsbooks product. Colorado's online sports betting market is growing, so we can imagine there will be many residents trying their hand at online wagering for the first time. But, again, a second chance bet is a great way to test the water.

As we mentioned earlier, there are some outrageous promos out there at the moment. However, we do not recommend that you go for the maximum amount straight off the bat.

This form of bonus matches your initial deposit.

So, if you make a $100 deposit, you will receive $100 in bonus bets.

Every matched deposit on offer will include a minimum deposit amount (usually $10) and a maximum deposit amount.

With this type of offer, it is especially important to check the turnover requirement.

This type of bonus is the holy grail of sportsbook promotions.

If you are lucky enough to come across a no deposit bonus with a licensed and reputable online sportsbook then we highly recommend that you snap it up.

A no deposit bonus requires no financial commitment from you. You simply need to sign-up to the sportsbook which has offered a no deposit bonus and collect your bonus bets.

It is comparable to walking into a retail store, providing your details and simply being handed a load of vouchers.

No deposit bonuses only appear once in a blue moon and usually as part of a marketing drive. However, as a new market, it is highly likely that an CO sportsbook will offer a no deposit bonus at some point.

Since the US Senate removed the federal ban on sports betting, dozens of states have decided to legalize sports betting. As a result, there are now a significant number of legal and licensed sportsbooks operating all over the country.

Despite this, there is still a great deal of confusion within the US banking system regarding transactions to and from sportsbooks. This means that there is always a great deal of uncertainty surrounding direct bank transfers and Visa and Mastercard transactions.

Banks routinely block perfectly legal deposits using Visa and Mastercard. So if you manage to get your money in using your card, you are more than likely not going to be able to withdraw any winnings using the same method.

This teething phase has led to many trusted payment providers filling the gap, playing intermediaries between the banks and the sportsbooks.

All licensed sportsbooks in Arizona offer PayPal as a payment option.

The world-renowned payment provider is currently the most popular deposit and withdrawal option for sports wagering in the country.

There are several reasons for this:

An easy-to-use platform → PayPal is trusted and used by millions of people across the world. It has built its brand around its functionality and user-friendly interface. It has both an excellent desktop website and mobile app.

Ease of payments → As PayPal is trusted by both banks and sportsbooks, it is the perfect middleman, allowing you to circumvent restrictions placed on you by the banks. Instead, the banks simply see money going to your PayPal account.

Security → PayPal boasts a state of the art encrypted security system that guarantees your payments are safe and adds an extra layer of security to your sportsbook deposits and withdrawals. In addition, if you use PayPal as a payment option, you will not need to store sensitive banking information with your sportsbook.

Skrill is another payment provider that offers an almost identical service to PayPal.

The company is much smaller, and much more of its revenue comes from sports betting compared to its main rival, PayPal which boasts a global customer base across every imaginable industry.

However, the fact that Skrill is focused on sports betting has meant that it is popular with a number of global brands including British sportsbook giant Bet365.

Skrill ticks all the same boxes as PayPal including a secure encrypted payment service and great functionality.

Skrill is not offered as a payment option by all online sportsbooks in the US. It is currently partnered with four online sportsbooks:

• Bet365
• BetMGM
• FoxBet
• Unibet

Even though the two payment providers offer almost identical services, there are a few factors to consider when picking which one to use.

Why use PayPal over Skrill?

No withdrawal fee → PayPal will charge you a 2.9% fee when you deposit into your account along with a flat $0.30 fee. However, it will not charge you when you withdraw your funds. This means that if you like to place a larger lump deposit but withdraw your funds more frequently, then PayPal is the best option. Skrill, on the other hand, charges you when you withdraw cash.

PayPal can be used for online shopping → Which means that it is possible to hold your winnings in your PayPal account and spend them online rather than transferring your money again from your PayPal account to your bank account. Unfortunately, Skrill is not accepted by as many online merchants.

Are you an existing customer? → If you are, then it makes sense to stick with a platform you are familiar with.

Why use Skrill over PayPal?

No Deposit Fee → Skrill will charge you $5.50 when you withdraw your cash from your Skrill account. This means that if you prefer to make smaller, more frequent deposits to your online sportsbook, then Skrill could be the right choice for you.

Keep your sports betting money separate → It can make sense to keep your sports betting winnings from the rest of your money. Since Skrill is primarily a sport betting payment platform, it is much easier to track what money is from sports wagering.

Well, where do we start? Why not with the fact that Denver is the smallest city in the US with 4 professional sports teams!

These teams are:

• Denver Broncos (NFL)
• Denver Nuggets (NBA)
• Colorado Rockies (MLB)
• Colorado Avalanche (MLS)

Outside of Denver you also have the MLS team, the Colorado Rapids.

In terms of minor league baseball you also have:

• Colorado Springs Sky Sox
• Grand Junction Rockies

If this is not enough for you then the state also offers:

NASCAR races at the Colorado Springs Sky Sox

PGA tournaments at the Castle Pines Club