Best Colorado Sportsbook Promos
Colorado has seen sports betting flourish in the Centennial State having launched in May 2020. Since then, the biggest and best US sportsbooks have propelled to the forefront of online betting with thousands of users placing bets and generating revenue for the local economy. New customers in Colorado have 21 sportsbooks to choose from when betting online, including the likes of FanDuel, DraftKings, BetMGM, and bet365, which are all leading the way in the sports betting market in states all across the US.
Below, you will see a quick list of the best Colorado Sportsbook promotions, which when combined can reward you with over $4,000 worth of total bonuses. Make sure you follow the links below to claim these offers as a new customer in Colorado and start betting the right way.
Most Valuable Colorado Sportsbook Promos
There are so many ways in which new customers in Colorado can win big with 21 sportsbooks to choose from. We have outlined some of the most valuable promotions below and ranked them based on the total potential bonus value.
- BetMGM Sportsbook Colorado Promo – Use code ‘OCMAX1500’ when registering a new BetMGM Colorado account, and your first bet will be covered up to the value of $1500. This means you will either get a big win with your first bet, or get your stake refunded as bonus bets and be able to try again. You can bet anywhere from $10 to a maximum of $1500 with little risk.
- Caesars Sportsbook Colorado Promo – Bet $1, Get $150 or Double Your Winnings Your Next 10 Bets.
- Fanatics Sportsbook Colorado Promo – New Fanatics Sportsbook customers in Colorado can get a Bet $30, Get $300 in Bonus Bets. promotion.
- DraftKings Sportsbook Colorado Promo – New DraftKings Sportsbook users in Colorado can claim this epic bet $5, get $200 guaranteed welcome bonus. It’s easy to claim as you simply need to bet $5 for your first wager with DraftKings and get $200 in additional bonus bets right away. Your bet doesn’t even need to go on to win, to claim this bonus.
- FanDuel Sportsbook Colorado Promo – FanDuel Sportsbook is also offering users in Colorado the chance to claim a guaranteed bonus. Just Bet $5 and Get $250 in Bonus Bets If Your Bet Wins.
- bet365 Colorado Promo – bet365 is making waves in the US having rapidly expanded from the UK to across the pond. New Colorado users are being rewarded with their bet $5, get $150 guaranteed promotion. Bet $5 on your favorite sport in Colorado and claim $150 when your first bet settles (win or lose).
How Our Colorado Promos are Selected
There are multiple factors that need to be considered when deciding which are the best sportsbooks to sign up for as a Colorado sports bettor. Below we have outlined some of those key factors to enable us to let you know which sportsbooks meet this criteria in Colorado and allow us to bring you the best new customer promotions.
- Type of Promotion – Sportsbooks employ several different ways of enticing users to sign up for a new account, but there are some that will suit different types of people. Generally speaking, the most popular offers tend to be the bet and get promos, that require users to wager a small amount in order to receive a larger reward in the form of bonus bets. For example, one common offer is a bet $5 and get $150 in bonus bets, which a lot of the leading sportsbooks use. Sometimes, sportsbooks will require your first bet to win, but these stipulations can change. The other popular alternative is the large first bet cover. Normally sportsbooks using this type of offer will give away $1000s in first bet cover, geared towards higher-stakes players. These two types of promotion are what we look for from a sportsbook in Colorado.
- Eligibility – The idea is that promotions are available to as many people as possible, but the general rule of thumb is that you must be 21+ and located within the state lines of a legal betting state, in this case, Colorado. All of the promotions above are geared at new users, but we also like sportsbooks that we know offer existing users solid promotions daily as well.
- Maximum Bonus Available – This one is obvious, and ties in with the type of promotion, but we want sportsbook promos in Colorado that reward users with the largest bonuses possible. Whether that be through first bet cover, or the more traditional bet and get, we want you to receive the biggest bonus possible for signing up to a sportsbook.
- Minimum Odds Requirement – One thing that can often be a sticking point for promotions, is that you need to meet a certain minimum odds requirement to secure your bonus. We are pleased to say that our Colorado promos either come without a minimum odds requirement, or the terms are generous enough that you can generally bet very naturally, rather than forcing a long-odds bet, just to unlock a promotion.
- First Bet Restrictions – Tying in with the minimum odds requirement, it is also favorable when a sportsbook lets you wager on any sport of your choice, to unlock a bonus. Ideally, you don’t want to be forced into betting on a sport you know little about or are not interested in, so Colorado promos that do not dictate a bet on a certain sport are far more desirable.
- Bonus Bets Expiration Dates – We prefer that your Colorado promos gives you enough time to use your bonus bets without rushing to use them all at once. Having the freedom to spread your new bonus bets out is vital. Typically, sportsbooks will give you 7 days to use your bonus bets, but this can vary.
You will be able to find all of this information on the landing page of any Colorado promo that you claim from this page, so make sure you’re aware of the terms and conditions so you know exactly what you’re getting when signing up.
Below we are going to rank the current Colorado online sports betting promotions, to guide you to the best offers available in the Centennial State.
1.- DraftKings Sportsbook Colorado Promo – Bet $5, Get $200 Guaranteed
DraftKings Sportsbook has been a consistent market leader in the sports betting industry, not only in Colorado, but all over the US. New users from the CO sports betting market are in a great position to take advantage of their latest offering, which is a bet $5 and get $200 promotion.
DraftKings has fought closely with FanDuel, who have both been dominating the scene in Colorado since launching in May 2020. These two sportsbooks tend to occupy the one and two positions in the market for most US states, and with DraftKings being one of the highest-rated betting apps in America (4.7/5 on the Apple App Store based on 6000+ reviews) it is an essential account to have.
One of the key reasons why DraftKings is so popular in Colorado is down to their exciting welcome bonuses and existing user promotions. Their latest is one of the best offers out there at the moment, and you do not want to miss out on $200 in bonus bets with just a $5 qualifying wager.
With the bet $5, get $200 DraftKings Colorado promo code, you can bet $5 on any sporting event of your choice, regardless of the odds, and as soon as this qualifying bet settles, you will receive $200 in bonus bets.
For example, you could place a $5 bet on the Denver Nuggets to win their next game, and even if they go on to lose, you will still be able to claim your $200 in bonus bets. Whether your first bet wins or loses has no direct impact on your bonus. You will receive the same bonus amount ($200) no matter what. If your qualifying bet does win, you will also get to keep the profits from your initial $5 bet on top of the $200 bonus.
The low first-bet stake is a big selling point of this DraftKings offer, but another key factor is the low deposit. Knowing you not only get your bonus with a $5 bet but also only have to deposit $5 is huge. Some sportsbooks in Colorado also offer bet and get promotions, with a $5 stake, but they will ask you to deposit at least $10 first.
The terms of the DraftKings Colorado promo are as follows:
- Minimum Deposit - $5
- Minimum Bet - $5
- Bonus - $200 in Bonus Bets Guaranteed
- Expiry Date of Bonus Bets – 7 Days (168 hours) from Date of Issue
- How Bonus is Issued – Bonus Bets are delivered a 8 x $25 Bonus Bets
- Bonus Bets Usage – All bonus bets are single-use, non-cashable, non-withdrawable, must be wagered 1x before any resulting cash winnings can be withdrawn and stake is not included in winnings.
- Offer Expiration Date – Valid from 4/15/2024 to 5/6/2024
Pros and Cons of DraftKings Colorado
Pros: Generous welcome bonus, Large choice of betting options, Reputable and trustworthy sportsbook
Cons: Not the quickest to update live betting odds, Terms of welcome bonus are generous, but daily odds boost come with restrictive maximum stakes .
2.- FanDuel Sportsbook Colorado Promo – Bet $5, Get $250 If Your Bet Wins
FanDuel is hugely popular all over the US, including Colorado and it’s easy to see why. They offer everything that DraftKings does in Colorado in terms of competitive odds, exciting existing user promotions, and an enticing welcome bonus, albeit the bonus is slightly lower than their closest competitor.
The FanDuel Sportsbook app is rated 4.9/5 on the Apple App Store, and with over 1 million reviews, it is easy to see why FanDuel is so popular in Colorado, and many other States across America.
You do have to make a $10 first-time deposit to unlock this FanDuel promo, despite the minimum bet being $5, which is another reason that we just favor DraftKings in the Colorado online betting market.
The terms of the FanDuel promo are as follows:
- Minimum Deposit - $10
- Minimum Bet - $5
- Bonus - Bet $5, Get $250 in Bonus Bets If Your Bet Wins.
- Expiry Date of Bonus Bets – 7 Days from Date of Issue
- Bonus Bets Usage – All bonus bets are single-use, non-cashable, non-withdrawable, must be wagered 1x before any resulting cash winnings can be withdrawn and stake is not included in winnings.
Pros and Cons of FanDuel Sportsbook Colorado
Pros: Strong welcome bonus, One of the first sportsbooks to launch in Colorado so well-trusted, Good Live Streaming Options
Cons: Can be slow to pay bonus bets (up to 72 hours), Lower bonus offer than DraftKings
3.- bet365 Colorado Promo – Bet $5, Get $150 Win or Lose or $1000 First Bet Safety Net
bet365 made a name for itself in the UK and is now one of the biggest sportsbooks over there and it is now beginning to make waves in the US. They now operate in 10 US states including Colorado, and look set to grow further over the next few years.
bet365 still has a way to go to challenge the market leaders such as DraftKings and FanDuel, but users who do sign up and bet with bet365 Colorado still tend to have a good experience overall. With a 4.8/5 rating on the Apple App Store, users are clearly enjoying the experience of betting with bet365 Colorado. Outside of the main two sportsbooks mentioned previously, we think bet365 is the next best option for those looking to bet in Colorado.
Bet365’s Colorado welcome bonus is very similar to FanDuel’s, showing they are already looking to rival the big sportsbooks in the US. New users in Colorado can get $150 in bonus bets when they first register and bet $5 on any sport. There is also no requirement to win the qualifying wager, so the bonus will be credited regardless. The only difference is that there is a minimum odds requirement of -500, but this won’t affect the users' choice too much when looking to place their opening bet.
Another thing that sets bet365 apart from others is that it also offers an alternative promotion for new users, which is to protect your first bet up to $1000. This might be the better option for those who would prefer to bet big from the start and have the chance to win even bigger than the $150 promotion.
The terms of the bet365 Colorado promo are as follows:
- Minimum Deposit - $10
- Minimum Bet - $5
- Bonus - $150 in Bonus Bets Win or Lose or $1000 First Bet Safety Net
- Expiry Date of Bonus Bets – 7 Days from Date of Issue
- How Bonus is Issued – Bonus Bets are delivered in multiple bonus bets, totaling $150, or up to $1000 if losing with your first bet
- Bonus Bets Usage – Your Bonus Bets are non-withdrawable and the Bonus Bets wager is excluded from any returns. Any returns from Bonus Bets placed will be added to your withdrawal balance. Bonus Bets cannot be used on certain products, offers/promotions, and bet types. See full Terms and Conditions for details.
- Offer Expiration Date – Valid until 4/25/2024
Pros and Cons of bet365 Colorado
Pros: Intuitive menus, Choice of two generous welcome bonuses, Competitive odds and markets.
Cons: Must meet a minimum odds requirement to claim.
4.- BetMGM Colorado Promo – Get Your First Back up to $1500 if Your Bet Doesn’t Win
BetMGM was one of the first sportsbooks to go live in Colorado, having already made a name for itself as a casino in Las Vegas. Since launching as an online sportsbook in the US, BetMGM has gone from strength to strength and has established itself as one of the go-to sportsbooks among users in Colorado.
They have used an array of celebrity personalities such as Jamie Foxx, Vanessa Hudgens, and Tom Brady to encourage people to use their sportsbook. However, they back up their strong branding with a hugely competitive sportsbook experience for their users.
BetMGM welcomes users in Colorado through the biggest individual bonus on the market. They will cover your first bet up to $1,500, and pay your stakes out in bonus bets if you lose.
To get the full benefit from this bonus you will need to bet up to $1,500, which may not appeal to some users, but for big-stakes players, this is ideal.
The BetMGM Colorado promo is simple. Bet anything from $10 to $1500 on sports after signing up for an account and either win big with that first bet or get your stakes back in bonus bets.
The terms of the BetMGM Colorado promo are as follows:
- Minimum Deposit - $10
- Minimum Bet - $10
- Bonus - $1500 First Bet Offer – Bet up to $1500 and get your money back if you lose
- Expiry Date of Bonus Bets – 7 Days from Date of Issue
- How Bonus is Issued – If you bet $50 or less and your bet loses, you will receive one bonus bet equal to your original stakes. If you bet $51 or more, you will be paid out as five (5) Bonus Bets back in equal denominations of 20% of the total amount of the Qualifying Bet. If you bet and lost $1500 for example, you would receive 5 x $300 bonus bets
- Bonus Bets Usage – Bonus Bets cannot be redeemed for cash at any time or withdrawn from Participant’s account. Participant cannot “Cash Out” its Bonus Bet(s).
- Offer Expiration Date – Valid until 12/31/2024
Pros and Cons of BetMGM Colorado
Pros: Great Rewards program, Good for high-stakes players, Regular promotions.
Cons: Initial welcome bonus won’t appeal to every user, Customer Service can be slow to respond.
5.- Fanatics Sportsbook Colorado Promo – Bet and Get up to $1000 in Bonus Bets
Many will recognize Fanatics as an online retailer selling sports merchandise, but they also have a successful sportsbook that operates in Colorado. Fanatics Sportsbook launched in Colorado in December 2023, so it is still in its infancy as a sportsbook in the Centennial State.
One thing that makes Fanatics Sportsbook stand out from the rest is that you can earn FanCash by placing bets.
The terms of the Fanatics Sportsbook Colorado promo are as follows:
- Bonus - Bet $30, Get $300 in Bonus Bets
Pros and Cons of Fanatics Sportsbook Colorado
Pros: Excellent Rewards program (FanCash), Solid betting app, useful withdrawal tracker feature.
Cons: Not everyone wants to wager $100 every day for 10 days to claim the $1000 bonus.
Best Sportsbooks Available in Colorado for Promos
In this section, we will confirm a list of all the best sportsbooks available to users in Colorado, and why they will benefit you.
DraftKings Sportsbook Colorado
DraftKings will likely be one of the top two sportsbooks in most US states due to its reputation and enticing promotions. With their latest bet $5 get $200 new user promo, those in Colorado have the best opportunity to win bigger with bet and get promotions, as DraftKings leads the way. You can’t get a bigger bonus anywhere else from a bet and get promotion in Colorado, so this is definitely one to take advantage of. There is room for improvement in certain categories, like its max stakes on odds boosts, but is otherwise a very good betting experience.
- App Store Rating: 4.8/5.
- Standout Features: Modern interface makes DraftKings App user friendly, Good Existing User Promotions, Solid Rewards Program.
- DraftKings CO Bonus: Bet $5, Get $200 Guaranteed.
- DraftKings CO Bonus Code: No Code Required.
FanDuel Sportsbook Colorado
FanDuel is the closest competitor to DraftKings and they are constantly battling for the top spot in each US state. They often provide users with exciting sportsbook offers as well as partner offers such as NFL Sunday Ticket and NBA League Pass. FanDuel also works with streaming companies such as MAX and Paramount to offer streaming service options to users.
- App Store Rating: 4.9/5.
- Standout Features: Original home of the Same Game Parlay, Excellent all-user promotions, Easy-to-use betting app.
- FanDuel CO Bonus: Bet $5, Get $250 in Bonus Bets If Your Bet Wins.
- FanDuel CO Bonus Code: No Code Required.
bet365 Colorado
bet365 is a relatively new entity in the US having been an established bookmaker in the UK, which then ventured across the pond to expand further. They currently operate in 10 states currently, including Colorado, and look set to grow further in the future. As the leading entity in the UK sports betting market, they know exactly what users want and how to retain them, and that includes looking after users new and old, while offering excellent live streaming options.
- App Store Rating: 4.8/5.
- Standout Features: Best app for Live Streaming in Colorado, bet365 Super Boosts are always popular, Simplistic app that suits many users.
- bet365 CO Bonus: Bet $5, Get $150 Win or Lose.
- bet365 CO Bonus Code: ‘CHECK’.
BetMGM Colorado
BetMGM certainly has high expectations by branding itself as the ‘King of Sportsbooks’. A combination of exciting offers, star-studded commercials, and an easy-to-use betting app and website confirms their status. Online sports bettors in Colorado should expect a wide array of markets, with good betting promotions and reasonably competitive odds.
- App Store Rating: 4.7/5.
- Standout Features: Biggest welcome bonus in Colorado, Edit My Bet option is a nice feature.
- BetMGM Sportsbook CO Bonus: Get up to $1500 back in bonus bets if your first bet loses.
- BetMGM CO Bonus Code: ‘OCMAX1500’.
Caesars Sportsbook Colorado
Caesars Sportsbook knows exactly how to look after its customers, and they know holding onto users takes more than just quick welcome bonuses or offers. Loyalty is at the heart of what they offer in Colorado and across the country as they provide competitive odds and markets, as well as regular offers and Caesars Rewards. Caesars offers everything you need from a sports betting app.
- App Store Rating: 4.7/5.
- Standout Features: Reliable betting app, Good Existing User promotions, Caesars Rewards system encourages loyalty.
- Caesars Sportsbook CO Bonus: Bet $1, Get $150 or Double Your Winnings Your Next 10 Bets.
Fanatics Sportsbook Colorado
Fanatics Sportsbook has risen quickly in a fairly clustered market in Colorado and the rest of the US, but has shown it is worthy of being among the top sportsbooks that are available in the Centennial State. Combined with an incentivized welcome bonus and a rewards program that any sports fan would get behind, FanCash, It’s easy to see why bettors are turning to Fanatics Sportsbook as one of their secondary betting accounts.
- App Store Rating: 4.7/5.
- Standout Features: FanCash Rewards System, Impressive betting app, NFL live streaming.
- Fanatics Sportsbook CO Bonus: Bet $30, Get $300 in Bonus Bets
- Fanatics Sportsbook CO Bonus Code: N/A.
Complete List of 20 Colorado Sportsbooks
Here is the list of all the 20 Colorado Online Sportsbooks that are legal and regulated in the Centennial State:
- FanDuel
- Caesars
- bet365
- BetRivers
- Betfred
- DraftKings
- BetMGM
- SBK Sportsbook
- Betway
- ClutchBet
- Fanatics
- Bally Bet
- SuperBook
- Tipico
- ESPN BET
- SI Sportsbook
- Betsafe
- BetMonarch
- Circa Sports
- Sporttrade
Colorado Sports Betting Facts and Information
Here are some interesting facts about the sports betting market, that will give you an insight into what to expect from Colorado’s betting experience.
- Online sports betting was legalized in May 2019, with the first sportsbooks launching in May of 2020 in Colorado.
- The legal age for users to bet in Colorado is 21+.
- Colorado’s total handle in 2023 was $5.56 billion.
- More than 90% of sports bets in Colorado are placed via a mobile device.
- There are nine retail locations for players in Colorado to place bets in-person.
