The Colorado sports betting cupboard has 15 online sportsbooks, like DraftKings, FanDuel, BetRivers, BetMGM, Fanatics, and Caesars, which means CO sportsbook promos are generous. This guide will highlight sign-up bonuses from the best sportsbooks while emphasizing Colorado’s top five best betting offers.
Top CO sports betting bonuses
Features
- Some of the best live-betting odds.
- Great deposit options.
- Earn MGM Rewards from betting activity.
BetMGM Review
BetMGM is one of the top-rated sportsbooks in the U.S. offering some of the best live betting odds in the industry. They’re also the largest iGaming operator across the U.S.
Features
Features
- Extensive live betting options.
- More markets than any other sportsbook.
- One of the best apps in the industry.
bet365 Review
Terms and conditions: Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.
bet365 is one of the largest and most popular sportsbooks globally. With a well-received mobile app, popular same-game parlays, and a wide variety of sports leagues to bet on it’s no wonder 80 million sports bettors worldwide continue to use bet365.
Features
Bet $1, Get 10x 100% Profit Boosts
New users only. Must use promo code. Min. $10 deposit. Max. additional winnings $2.5K per token. Tokens expire in 14 days. Void where prohibited. Full terms.
Features
- Earn Caesars Rewards from betting activity.
- Live streaming of NFL games.
- User-friendly mobile app.
Caesars Sportsbook Review
Caesars is proving to be one of the most aggressively expanding brands in sports betting. Unfortunately, like all major U.S. sportsbooks, they are quick to limit you if you go on a tear and their odds boost promos offer low maximum bet limits.
Features
Features
- Top-tier app experience.
- Same Game Parlays and SGP+.
- Extensive promos and odds boosts.
FanDuel Review
FanDuel reigns supreme right now as the No. 1 betting site in America. And it has largely earned that spot on the strength of superior brand recognition, an easy-to-use product, an overwhelming number of markets for North America’s most popular sports, and representation in every state in which it is permitted to offer legal sports betting.
Features
Features
- Live in 21 states
- Extremely powerful brand history and recognition
- FanCash reward system is great for sports fans
Fanatics Sportsbook Review
Fanatics Sportsbook has launched its app in 22 states already, with plans to expand to more in the near future. Fanatics is poised to be a major player in the sports betting industry.
Features
Features
- Lots of promos and odds boosts.
- Wide range of sports and bet types.
- Seamless integration with DFS.
DraftKings Review
DraftKings had a solid reputation as the leading DFS provider in the country, so the shift to legal sports betting felt natural. They offer one of the most voluminous collections of ongoing promos and odds boosts in the industry as they cater to the beginner crowd.
Features
All Colorado sportsbook promo codes and bonuses
Colorado’s appetite for legal online sports betting is evident in that 15 operators are active. With almost two dozen options and licenses to spare, each sports betting site is jockeying for position and market share in the Rocky Mountain State. Of the 15, only four require bettors to enter a promo code at the time of the first deposit: bet365, BetMGM, BetRivers, and Caesars.
Colorado sportsbook 🏆 | Welcome bonus 💰 | Promo code ✅ |
---|---|---|
⭐BetMGM | Up to $1,500 in bonus bets | SBRBONUS |
⭐FanDuel | Bet $5, win $150 in bonus bets | No Code Required |
⭐bet365 | Bet $5, get $150 OR $1,000 first bet offer | SBR365 |
⭐Caesars | Bet $1, get 10x 100% Profit Boosts | SBRBONUSDYW |
⭐Fanatics Sportsbook | Up to $1,000 in No Sweat Bets | No Code Required |
⭐DraftKings | Bet $5, get $150 in bonus bets | No Code Required |
⭐BetRivers | $250 second chance bet | No Code Required |
⭐Bally Bet | Bet $25, get $150 in bonus bets | No Code Required |
⭐BetMonarch | Reward points | No Code Required |
⭐Circa Sports | High limits | No Code Required |
⭐ESPN BET | Up to $2,000 in bonuses | No Code Required |
⭐SBK | Bet $20, get $100 | No Code Required |
⭐Sky Ute | Rewards program | No Code Required |
⭐Tipico | Bet $50, get $150 in bonus bets | No Code Required |
⭐PlayUp | $250 bonus bet | No Code Required |
Gambling Problem? Call 1-800-GAMBLER
The welcome bonus amounts are just the tip of the iceberg when it comes to Colorado sports betting. Here's a quick breakdown of my six favorite sportsbooks in the state, including more details about the value of the sign-up offers.
1. FanDuel CO welcome offer 🔵
The best online sportsbook in Colorado has a welcome bonus for new players. FanDuel offers a bet $5, win $150 in bonus bets reward for anyone who places a qualifying wager on any available betting market. No FanDuel promo code is required. FanDuel also has some of the best Big Game boosts and a selection of props.
- Available via the FanDuel app only.
- Minimum deposit of $5 is required.
- Make an initial wager of $5 or more. If it wins, FanDuel will credit your account with $150 in bonus bets.
- Bonus bets will hit your account within 72 hours of your first wager settling.
- Bonus bets must be used within seven days.
Pros | Cons |
---|---|
✅ Low initial risk required | ❌ Quick expiry |
✅ Bonus can be split into multiple bets | ❌ Available in the app only |
✅ Low min. deposit requirement | ❌ First bet must win |
Why this FanDuel bonus is better than others
Although other CO sportsbooks offer similar (or even identical) deals, FanDuel's welcome bonus is still extremely great value. Getting $150 in super-flexible bonus bets in exchange for a $5 risk is easily one of the best deals I've ever come across, even though your best must win in order to collect.
2. DraftKings CO welcome offer 👑
DraftKings’ current welcome bonus is perfect for newbies. No DraftKings promo code is required to get in on the bet $5, get $150 in bonus bets welcome offer. DraftKings also sports some of the top super boosts out of any sportsbook, just in time for the major events like the the NFL season or World Series.
- You must deposit and place a qualifying wager of $5 or more on any sport
- You'll get the $150 reward instantly
- The bonus funds will come in six (6) $25 increments to be used on future wagers
- Bonus funds must be used within seven days
DraftKings also has a secondary promo available on top of its main welcome offer. You can claim a 20% deposit bonus, up to $1,000, by opting in via the DraftKings promotions page. The downside is the bonus funds come with a hefty playthrough requirement before you can withdraw them as cash.
Pros | Cons |
---|---|
✅ No promo code required | ❌ Smaller maximum value |
✅ Only a $5 initial wager needed | ❌ Seven days to use bonus |
✅ Good for new players | |
✅ Easy to read terms and conditions |
Why this DraftKings bonus is better than others
Unlike some other welcome offers, DraftKings’ bonus is a low-risk play. Staking a mere $5 allows new users to give the platform a try and decide if they want to stay long-term. And, whether or not they happen to win, they'll get $150 in bonus bets to further wager with the sportsbook.
3. BetMGM CO welcome offer 🦁
BetMGM offers an enticing welcome bonus in Colorado. New players can earn a first bet offer up to $1,500, which would be paid out as bonus bets. The BetMGM bonus code SBRBONUS is required for this bonus. Remember: you can only pick one welcome offer from the two options available.
- This promo will run through December 31, 2024.
- A minimum first-time deposit of $10+ is required.
- A first-bet loss unlocks the bonus funds, dollar-for-dollar up to $1,500.
- BetMGM will issue bonus bets in 20% increments for first bets of $50 or more.
- A single bonus bet credit is awarded for first bets of $49 or less.
- Bonus bets must be redeemed within seven days of receiving them.
Pros | Cons |
---|---|
✅ Low minimum deposit | ❌ Bet has to lose |
✅ Large bonus bet total | ❌ Bonus bets expire in a week |
✅ Only have to risk $10 bet |
Why this BetMGM bonus is better than others
BetMGM offers $1,500 in bonus bets, which you can claim simply for making any $10 wager. While your bet has to lose to claim the First Bet Offer token, it's a good way to place a big wager without worrying about losing your money.
4. Caesars CO welcome offer 🏛
New users only. Must use promo code. Min. $10 deposit. Max. additional winnings $2.5K per token. Tokens expire in 14 days. Void where prohibited. Full terms.
Caesars doesn't change their offer very often, but that's not a problem since they have one of the best deals in the industry. New users are welcomed with a bet $1, get 10 100% Proft Boost Tokens offer. You must use the Caesars Sportsbook promo code SBRBONUSDYW when registering. Here is how to take advantage of the promo:
- Create a new account and register with promo code SBRBONUSDYW
- Make an initial minimum deposit of at least $10
- Make an initial wager of $1 or more
- After placing your first wager, you'll receive 10 100% Profit Boost Tokens to use on any market
- The max wager for each rewarded Profit Boost is $25
- The max additional winnings for each rewarded Profit Boost is $2,500
- Profit Boosts will expire after 14 days
Pros | Cons |
---|---|
✅ High-value bonus | ❌ First bet must lose |
✅ No odds or market restrictions | ❌ Quick expiry date |
✅ Great for veteran bettors | ❌ Can’t withdraw as cash |
Why this Caesars bonus is better than others
Caesars has plenty of options for veteran and novice sports bettors, and it has one of the best loyalty rewards programs in the business. This welcome offer is a no-brainer for new Colorado bettors.
5. Fanatics CO welcome offer 🧢
Fanatics is relatively new in the sports betting industry, but its welcome offer goes toe-to-toe with the more established brands. First-time customers will receive ten daily No Sweat Bet opportunities up to $1,000 in total, and no Fanatics Sportsbook promo code is required.
- Minimum $1 daily wager requirement.
- Bonus bets only paid out if your first daily bet loses, up to $100 per day.
- Daily qualifying wager must have -500 odds or longer.
- No opt-in is required on day one, but you must opt-in before wagering on each of the following days.
- Missing a day loses your bonus opportunity for the day.
- Bonuses expire after seven days.
Pros | Cons |
---|---|
✅ Ten separate bonus chances | ❌ Daily opt-in required |
✅ Gain up to $1,000 in bonuses | ❌ Bonuses expire quickly |
✅ $1 minimum wagers | ❌ Bets must lose to claim bonus |
Why this Fanatics bonus is better than others
Few sportsbooks offer welcome bonuses reaching $1,000, and Fanatics checks that box. While the process to claim the maximum bonus amount is a bit tedious (and would require a prolonged losing streak), there are also benefits to spreading your qualifying wagers out over a ten-day span.
6. BetRivers CO welcome offer ⚡
BetRivers has shifted its welcome bonus a little in recent months. Rush Street Interactive’s top-rated sportsbook offers a second chance bet of up to $250, and bettors won't need a BetRivers bonus code at any time.
- Minimum deposit of $10 is required.
- First bet must lose to earn first bet insurance.
- Bonus funds will be added to your account within a day.
- Odds restrictions do apply when using bonus funds.
- Bonus must be wagered on events with odds of -200 or longer.
Pros | Cons |
---|---|
✅ Low minimum deposit required | ❌ First bet must lose to earn |
✅ Allows first bet to be more aggressive | ❌ Odds restrictions on the bonus bet |
✅ Bonus funds hit quickly |
Why this BetRivers bonus is better than others
The terms on this BetRivers bonus are similar to BetMGM's, except the maximum bonus total is lower. Still, the majority of bettors aren't likely to be making $1,500 bets right out of the gate, which means BetRivers' $250 Second Chance Bet is still perfectly aligned with most bankrolls.
More sportbook promo codes
We've covered our top six CO sportsbook promos in-depth, but there are a few others still worth your time. Check out any of these options for further bonus opportunities:
The bet365 bonus code unlocks additional rewards after your first wager and is an excellent choice with great bonuses all year. You can claim $150 in bonus bets OR up to $1,000 in first bet insurance. You can only claim the bet365 welcome bonus in the mobile app.
The ESPN BET promo code works a little differently, with up to $1,500 in bonuses + a 200% first deposit match ($500 max.) available to new users.
Tipico is also a good choice, with a straightforward welcome bonus. Use our Tipico promo code to get $200 in bonus bets when you deposit $50.
For more information on these sportsbooks and other promotions, visit our Colorado sports betting apps page.
Colorado sports betting promos summary
🚀 CO apps launch date | May 2020 |
➡️ Legal betting age | 21+ |
📱 Sports betting apps | 15 |
🤔 Do promos require codes? | Sometimes |
🤔 Can you withdraw bonus funds? | No |
🏆 Best CO bonus | Bet $5, Get $150 from bet365 |
🏆 Biggest CO bonus | BetMGM: Up to $1,500 in bonus bets |
💰 Available bonus types | All types |
🎰 Online casinos | No |
🃏 Online poker | Yes |
🎮 eSports betting | Yes |
☎️ CO problem gambling hotline | 1-800-GAMBLER |
🧑🤝🧑 Gambling Addiction Counseling | Yes |
🔔 CO regulator | Colorado Division of Gaming |
How we rate and review sports betting promotions
Our editorial team independently reviews and rates each Colorado online sportsbook and sports betting app for quality, safety, and user experience. Our experts apply the same rigorous evaluation when critiquing the sports betting promotions operators offer new and veteran players. We want everyone to do their due diligence and make an educated decision before signing up with a new online sportsbook, and the quality of the sites’ and apps’ promotions is a big part of the puzzle. Some areas we concentrate our attention on are:
- The sign up offers minimum and maximum value.
- Is a minimum deposit required to earn the bonus? If yes, how much?
- Is the welcome bonus guaranteed?
- What kind of bonus is being offered: Deposit match, bonus bet, or first bet insurance?
- Is a promo code required to activate the offer?
- What are the playthrough requirements or terms and conditions needed to collect the offer?
- Does the welcome bonus have an expiration date, and how long is it?
Types of Colorado betting sign-up offers and bonuses
Colorado is one of the few states where three operators do not offer new players sign-up offers or bonuses. BetMonarch, Circa Sports, and Sky Ute have an uphill climb to compete with FanDuel, DraftKings, and others, with loyalty rewards as their most player-friendly promotions. As for the other online sportsbooks, the three most common sign-up bonuses are bet bonuses and first bet insurance.
Deposit match bonus
The deposit match bonus is the most attractive of all sign-up offers because new players earn bonus funds no matter if their first bet wins, loses, or even if they bet at all.
For example, a 100% deposit match up to $500 would mean a new player who deposits $500 would earn a $500 bonus for $1,000 in available funds in their account wallet. A 50% deposit match up to $1,000 would mean a $2,000 deposit would earn $1,000 bonus funds for $3,000 to start. This bonus is the most satisfying of all sign-up bonuses, but becoming more challenging to find as more operators enter the market.
Bonus bets
Some industry leading sportsbooks prefer bonus bets over a deposit match or first bet insurance. In these scenarios, new players must make a minimum deposit — typically around $10 — and sometimes make a small first wager to unlock the bonus bet funds.
Sometimes these bonus bets will be chopped up into increments of, for example, eight (8) $25 bets on a $200 bet bonus. In other cases, you can use the entire value of the bonus bets on a single future wager.
For example, if a sportsbook offered a bet bonus of $200, the new player may first be required to deposit $10 and then make a $5 first-time wager. After that initial bet clears, the $200 will be credited to your account. You could risk the $200 on any future bet as the new player. Remember that terms and conditions and playthrough requirements may apply before you can request a payout.
First bet insurance
First bet insurance is becoming more common as operators look for new ways to entice new players to sign-up. The bottom line is that to earn any welcome bonus monies, your first bet has to lose. However, this also means you can be more aggressive in your first bet than you would if there was no safety net insurance.
For example, Caesars often offers first-bet insurance up to $1,000. So, if you wager $1,000 on your first bet and it wins, you get a significant boost to your bankroll. Conversely, Caesars will credit your account with $1,000 in bonus bets if your first bet loses. Just remember that bonus bets from first-bet insurance deals expire quickly and can't be withdrawn as cash.
Referral bonus
Beyond the welcome bonuses, sportsbooks will often offer extra promotions on a regular basis. One of the more common types is a referral bonus, where you can earn an extra perk, like a small bonus bet or some cashback, by getting your friends to sign-up to the sportsbook too.
You'll get a unique code or referral link. If someone uses that referral info to register a new account and make a real money deposit, you'll be rewarded with some sort of bonus. Discover which platform offers the best sportsbook referral bonus via our complete guide.
Colorado online sportsbooks
Did you know Colorado offers the most legal online sportsbooks in the United States, with 15 active sports betting sites and apps? Interestingly, when the first batch of operators launched their products in May 2020, state law allowed 33 licenses to be issued. So, 18 more online sportsbooks and sports betting apps can still enter the market in the near future.
With so much competition, sports betting site operators often work to create a unique user experience in the state, making the entry point more accessible and welcome bonuses and ongoing promotions the most attractive to new players.
Here are all 15 Colorado sports betting apps you can use:
Colorado online and mobile sportsbooks
CO sportsbook | Best known for |
---|---|
Bally Bet | Live in-game betting |
bet365 | Live video streaming |
BetMGM | "King of Parlays" |
BetMonarch | Colorado-based app |
BetRivers | Award-winning parent company |
Caesars | Huge welcome bonus |
Circa Sports | Higher betting limits |
DraftKings | Industry leader |
ESPN BET | Personality driven promos |
Fanatics Sportsbook | Apparel partnerships and rewards |
FanDuel | #1 rated app |
PlayUp | Upstart sportsbook |
SBK | Price+ |
Sky Ute | Top safety and security features |
Tipico | Daily promotions |
Colorado sports betting recent updates
Nov. 25, 2024: Caesars updates its welcome offer, giving new users 10 100% Profit Boost Tokens for placing a $1 wager.
Nov. 12, 2024: ESPN BET updates its welcome offer. New users can now claim up to $1,500 in bonus bets + a 200% first deposit match up to $500.
Nov. 5, 2024: bet365 updates its CO welcome offer to a $150 bonus and two months of Altitude+ streaming.
Oct. 21, 2024: BetMGM rolls out a new CO welcome bonus for new users, now offering a bet $10, get $200 in bonus bets deal.
Oct. 3, 2024: bet365 opens a new U.S. headquarters in Denver, Colorado. The new office will bring up to 1,000 jobs to the area over the next few years, according to the company.
Sept. 30, 2024: Betsafe officially closes its online sportsbook in Colorado.
Sept. 16, 2024: ClutchBet closes its online sportsbook in Colorado indefinitely, exiting the U.S. market completely.
Sept. 4, 2024: Colorado announces its sports betting revenue numbers for July 2024, bringing in $32.5 million of gross revenue on a $320.3 million betting handle.
Aug. 31, 2024: Betfred exits the Colorado online sportsbook market, as it struggles to gain market share in many U.S. states.
Aug. 29, 2024: bet365 increases its CO welcome offer ahead of the new NFL season, now giving new users $200 in bonus bets after a first wager of just $5 or more.
Aug. 19, 2024: Both FanDuel and DraftKings increase their CO welcome offers, in anticipation of the approaching new NFL season.
Aug. 6, 2024: Monarch Casino Resort Spa partners with International Game Technology to bring a new app to the CO market called BetMonarch.
Aug. 2, 2024: The Colorado Division of Gaming releases its June revenue report, which is headlined by a $350.4 million handle (a 12.8% year-over-year increase).
July 10, 2024: Betway announces it will be closing its online sportsbook in all U.S. states, including Colorado. It will continue to offer online casino products in NJ and PA.
July 1, 2024: The Colorado Department of Revenue reports $447.6 million in sports betting handle for May, representing a 16.2% year-over-year increase from May 2023 ($385.2 million). However, Centennial State sportsbook operators saw a 12.2% decline from April 2024 ($509.5 million).
June 24, 2024: Colorado betting regulators win their battle with illegal offshore sportsbook Bovada, which stops accepting customers in Colorado after a cease-and-desist letter.
Apr. 25, 2024: The Colorado Division of Gambling unveils a new "Play Legit" campaign to try and combat unlicensed online gambling platforms.
Apr. 15, 2024: DraftKings switches its Colorado welcome bonus, not offering a bet $5, get $200 in bonus bets offer, plus a daily No Sweat SGP for all NBA Playoff dates.
Apr. 9, 2024: FanDuel changes its CO welcome bonus, now offering a bet $5, get $150 in bonus bets deal — win or lose.
Mar. 15, 2024: BetMGM switches its CO welcome bonus to an (up to) $1,500 first bet offer, one of the highest sign-up offers available.
Nov. 14, 2023: ESPN BET goes live in Colorado, along with 16 other states.
April 5, 2023: The Colorado Rockies announce a three-year partnership with bet365.
March 3, 2023: Sen. Dylan Roberts and Rep. Cleave Simpson introduce Senate Bill 177, which would potentially allocate more than $10 million in sports betting revenue to state water projects.
Feb 17, 2023: The Colorado Limited Gaming Commission fines Monarch Casino $400,000 for proxy betting by three employees.
May 2020: The first online sports betting sites go live in Colorado. BetMGM, BetRivers, DraftKings, and FanDuel are all among the first books to launch.
May 2019: Governor Jared Polis signs House Bill 1327 into law, legalizing sports betting in Colorado.
Colorado betting resources
For those new to sports betting in Colorado, before you dive too deep into the best sports betting promos in the state, you’ll want to check out some other guides. Our team of experts produced several helpful guides that break down the top sportsbooks, premier sports betting apps, and best sportsbook promos.
Sports betting by category
It doesn't matter what sport or league is your favorite; there's a great sportsbook bonus waiting for you at any number of legal and licensed sportsbooks in your state. Here's a list of the best sportsbooks by category, to make your decisions even easier:
Responsible sports betting with Colorado promos
The governing body of Colorado’s sports betting industry is a little unique compared to the rest of the country. The Colorado Division of Gaming (CDOG) is part of Colorado’s Department of Revenue – Specialized Business Group. The CDOG is responsible for ensuring the integrity of sports betting within the state while reviewing operator applications, issuing licenses, performing regular audits, enforcing laws, and handing out fines when necessary. The CODG also provides problem gambling resources for those in need.
Here are some of the problem gambling programs and options available:
- National Council on Problem Gambling hotline: 1-800-522-4700
- Problem Gambling Coalition of Colorado: (303)-662-0772
- Self-exclusion programs
National U.S. gambling helpline: 1-800-GAMBLER
Sportsbook promos and bonuses in other regions
Sportsbook promos & bonuses in legal U.S. states
Every state makes its own laws about gambling of any kind, including betting on sports and whether it's available online. For a more detailed explanation, check out SBR's legal sports betting states tracker or any of the state-specific pages below.
Colorado sportsbook promos FAQs
What’s the best sports betting bonus in Colorado?
The term "best" is relative to individual preference. However, we would strongly suggest that bet365's bet $5, get $200 in bonus bets deal is among the top contenders since it requires very little risk, and your first bet doesn't have to win or lose to claim the bonus funds.
Which verified Colorado sportsbook promos are the best value?
The CO sportsbook promo with the best value depends on your own betting style and budget. Some prefer smaller bonuses that are guaranteed, while others might want to test out a larger first-bet insurance offer.
How old do I need to bet on sports in Colorado?
You must be at least 21 to bet on Colorado sports.
Do all Colorado sportsbooks provide sports betting promo codes?
No, promo codes are NOT required at most online sportsbooks and sports betting apps. Promo codes are sometimes automatically applied when opting for an offer or bonus, which is one less thing to worry about. If you do need a promo code, check our list above for the latest verified and accurate codes.
What are the playthrough requirements on legal online sportsbooks in Colorado?
Welcome bonus and regular promotion playthrough requirements vary based on the online sportsbook. The good thing is, unlike in the past, the terms and conditions tied to all offers are spelled out in crystal clear messaging before you opt into any bonus or promotions. Read through the T&Cs and understand playthrough requirements before accepting a bonus offer.
How many sign-up bonuses can I claim in Colorado?
You can claim a single sign-up up bonus from every online sportsbook in CO that offers one. Remember that the welcome bonus is a one-time promotion for new customers only.