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Best Colorado Sportsbook Promos & Bonuses

The best promo codes and deposit bonuses available at CO sportsbooks.

It has been a while since Colorado was referred to as part of the Wild West – but that’s the best way to describe the state’s approach to legal sports betting. No other state in America offers its residents and visitors more sports gambling options, with Colorado having welcomed more than two dozen online operators alone inside its borders. Here's a look at the top sports betting bonuses available to Colorado-based players.

Top Colorado Sports Betting Promos

Caesars Review Logo
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  • $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®
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Caesars Review

If your first qualifying wager loses, Caesars will credit you a free bet equal to the value of your first wager up to $1,250, plus get 1,000 Tier Credits and 1,000 Reward Credits® win or lose.

BetMGM Review Logo
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  • $1,000 Risk-free Bet
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BetMGM Review

If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) free bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000.

FanDuel Review Logo
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  • $1,000 "No Sweat First Bet"
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FanDuel Review

Offer valid for new players who sign up for a sportsbook account on the FanDuel betting app. If your first bet wins, you get no bonus money. If your first bet loses, FanDuel will give you a free bet credit in the amount of your first wager up to $1,000.

DraftKings Review Logo
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  • 20% Deposit Match up to $1,000
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DraftKings Review

DraftKings features a 20% first deposit match up to $1,000. In this case, you must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000.

PointsBet Review Logo Online since: 2015
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  • 5 Risk-free Bets up to $500
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PointsBet Review

Get up to five $100 Risk Free Bets during your first five days with PointsBet.

Barstool Sportsbook Review Logo
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  • $1,000 Risk-free Bet
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Barstool Sportsbook Review

Barstool Sportsbook offers a $1,000 risk-free bet for new users in most regions.

WynnBET Review Logo
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  • Bet $100, Get $100
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WynnBET Review

The offer most players will find at WynnBET is a paltry $100 bet & get. Their offers vary by state, so read our full review for more info.

BetRivers Review Logo
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  • 100% Deposit Match up to $250
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BetRivers Review

BetRivers goes with a deposit match up to $250, which is nice as it gives you free money to play with instead of risk-free bets that only award you if your first bet is graded a loser.

Bally Bet Review Logo
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  • 100% First Bet Match up to $50
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Bally Bet Review

Bally Bet offers new users a 100% first bet match up to $50 in most regions.

Golden Nugget Review Logo
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  • $250 Deposit Match
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Golden Nugget Review

Golden Nugget offers a matched deposit bonus of up to $250 for new customers with odds of -200 or better.

Colorado Sports Betting Bonuses

Caesars Colorado Bonuses

If your first qualifying wager loses, Caesars will credit you a free bet equal to the value of your first wager up to $1,250, plus get 1,000 Tier Credits and 1,000 Reward Credits® win or lose. Your Free Bet is for one-time use within 14 days and cannot be divided across multiple wagers.

Get Caesars Colorado Bonus

BetMGM Colorado Bonuses

If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) free bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000. If your qualifying bet loses and it is less than $50, you will receive a single free bet back in a single denomination equaling the total amount of the qualifying bet. Example: If you place a $1,000 qualifying bet and your bet loses, you will receive five (5) $200 free bets. If you place a $49 bet and lose, you will receive one $49 free bet.

Get BetMGM Colorado Bonus

FanDuel Colorado Bonuses

FanDuel regularly changes its welcome bonus, especially during peak sports seasons like the NFL. The latest offer from FanDuel is a "No Sweat First Bet" of $1,000. If your first bet loses, FanDuel will offer you a free bet credit in the equal amount of your first bet up to $1,000. If your first bet wins, you win.

Get FanDuel Colorado Bonus

DraftKings Colorado Bonuses

At DraftKings, you will receive a $50 free bet with a minimum deposit of $5. If you don’t have the bankroll to make a more extensive first deposit, this is a humble offer. Still, far from generous considering, DK is a multi-billion dollar industry giant. The more significant offer DraftKings features is a 20% first deposit match up to $1,000. In this case, you must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000. This is not a reasonable offer for the casual bettor.

Get DraftKings Colorado Bonus

PointsBet Colorado Bonuses

PointsBet offers new players a $100 risk-free bet on each of their first five days as an account holder. Their deal is of the "if you don't use it, you lose it" type, so to get the most out of this, you must be super active in your first week as a player. PointsBet used to be one of the most generous betting sites with their new player promos, but as the industry as a whole has cut back on promotions, so has PointsBet.

Get PointsBet Colorado Bonus

Barstool Colorado Bonuses

Barstool Sportsbook has an average sign-up bonus offering a $1,000 risk-free bet for new users in most regions. They try and word it differently sometimes calling it a “2 for 1” but it’s a standard risk-free new player bonus. With the risk-free bet, you only get money back if your first bet loses, and they match your first bet, not deposit, up to $1,000.

Get Barstool Colorado Bonus

SuperBook Colorado Bonuses

SuperBook offers new players a 100% First Bet Match of up to $1,000. It's important to know that the bonus is tied to your first bet, not your first deposit. So, if you deposit $1,000 but place a first bet of just $50, you'll only get a $50 bonus. You also need to place your first wager the same day that you make your deposit, or you may not qualify for the bonus. First wagers must be on sporting events with odds of  -200 or worse.

Get SuperBook Colorado Bonus

WynnBET Colorado Bonuses

The offer most players will find at WynnBET is a paltry $100 bet & get. The silver lining is the promo is pretty simple and accessible for casual players. Bet $100 with odds of -120 or greater and get a $100 free bet. Free bets will expire ten (10) days after being credited. Free bets are only valid on sporting events with odds of -150 or greater (for example, -100, +120). Free bets also aren't valid for live betting.

Get WynnBET Colorado Bonus

Betfred Colorado Bonuses

Betfred offers new users a "Bet $50, Get $250 Free" promotion. The odds on the initial wager must be -200 or less. However, new users do not receive the full $250 at once. After the initial $50 wager, the bettor will receive a $100 credit. Once that bet settles, the account is credited again with a $50 credit the following Monday of the new week. In the subsequent two weeks, beginning each Monday, the bettor must place a wager of at least $1 to receive the remaining two $50 credits equating to $250. 

Get Betfred Colorado Bonus

MaximBet Colorado Bonuses

MaximBet offers first bet insurance of up to $500 for new customers. Wager on any sporting event (boosts excluded) with odds of -200 or worse (for example, -110, +110). If the initial bet loses, the user will receive the bet amount back in free credits. Free bet credits expire within seven days, and MaximBet requires a 1x rollover on bonuses before you're allowed to withdraw.

Get MaximBet Colorado Bonus

Colorado Promo Codes

SportsbookOfferPromo Code
Caesars        $1,250 Free Bet + Credits        ✅ No Code Required
BetMGM           $1,000 Risk-Free Bet        ✅ No Code Required
FanDuel             $1,000 "No Sweat First Bet"        ✅ No Code Required
DraftKings         20% Deposit Match up to $1,000       ✅ No Code Required
PointsBet       5 Risk-free Bets up to $500        ✅ No Code Required
Barstool       $1,000 Risk-free Bet       ✅ No Code Required
SuperBook       $1,000 First Bet Match        ✅ No Code Required
WynnBET       Bet $100, Get $100       ✅ No Code Required
Betfred       Bet $50, Get $250       ✅ No Code Required
MaximBet       $500 Risk-free Bet✅ No Code Required

Sports to Bet on with Colorado Bonuses

It will come as no surprise to see a rather extensive list of major professional and amateur sports available to Colorado bettors; here are the marquee sports on which Coloradans can wager:

NFL

Big-name sportsbooks clamored to join forces with the Denver Broncos – and BetFred gained a big early edge thanks to a partnership agreement that included a sports betting lounge on a lawn outside Empower Field at Mile High. BetMGM and FanDuel have since signed partnership arrangements with the team.

NCAA Football

Coloradans have full reign when it comes to wagering on college football, which isn't something many other legislated states can say. Whether you're leaning toward the Colorado Buffaloes, Colorado State Rams or Air Force Falcons, you are completely unencumbered when it comes to making NCAAF bets.

NBA

A visit to Ball Arena wouldn’t be complete without stopping by the PointsBet Club Level, the crown jewel of the sportsbook operator’s partnership with Kroenke Sports and Entertainment. PointsBet Club Level offers Denver Nuggets fans access to a host of premium amenities, including private event spaces.   

NCAA Basketball

Don't expect Colorado to generate a lot of local college basketball handle – at least, compared to most of the other states with legal sports betting. The state has just five NCAA Division I basketball programs in total, and only three of those are in what are typically considered strong conferences.

MLB

DraftKings emerged out of thin air (Get it? Because Denver is a high-altitude city?) to become the Rockies’ first sports betting operator. And while signage, branding and DK-inspired giveaways make up the bulk of the partnership, fans should expect to see a sportsbook at Coors Field at some point. 

NHL

Branding Ball Arena’s premium sections isn’t the only impact PointsBet has had on the mile-high venue, home of the NHL's Avalanche. PointsBet has also gone the extra step to upgrade the arena’s Wi-Fi, giving visitors one of the best mobile betting experiences of any sports venue in the U.S.

Golf

Tee up those golf bets! In addition to offering a comprehensive collection of PGA Tour markets, the majority of Colorado sportsbooks also offer outright, Top-X and round-by-round plays for the LPGA and European Tours, as well. It's the next best thing to being on the course!

Soccer

Locally, Coloradans can wager freely on Major League Soccer's Rapids. But that's only the tip of the soccer wagering iceberg, with hundreds of markets across the majority of European domestic league games – and bettors have an extra treat in 2022 with the return of the World Cup tournament.

Bet Responsibly With Colorado Promos

Like most states, Colorado’s state gaming authority has put safeguards in place to ensure that bettors have a way out of any potential trouble spots. 

Players who want to engage in self-exclusion can do so either through the Problem Gambling Coalition of Colorado, or through their online sportsbooks (which also allow bettors to set daily, weekly or monthly limits on deposits and/or wagers. 

Visit the Colorado Gaming Association site.

Colorado Sportsbook Promos FAQs

What Is a Free Bet Offer?

Many sportsbooks will offer you a free bet or several free bets as a reward for choosing them ahead of the competition. However, you should not expect a free bet offer to come with no strings attached. You will generally have to deposit your own money to unlock the free bet and then place several bets at a specific minimum set of odds before you can make a withdrawal.

What Is a Betting Bonus?

Betting bonuses are awarded to new players to encourage them to sign up or to existing players so they remain loyal. They include match deposit bonuses, reload bonuses, boosted odds bonuses, and much more. They vary from one sportsbook to the next, so you should always shop around for the most appealing free bets and sign up for multiple books to enjoy several free bet offers. Always check the terms and conditions attached to free bets before accepting them.

What Is a Rollover Requirement?

This refers to the number of bets you must place before you are permitted to make a withdrawal. It applies to sign-up free bet bonuses and reload free bet bonuses. A typical rollover requirement would be 6x, which means you must wager your credit six times (place at least six bets) at a certain minimum price before you can make a withdrawal. The rollover requirement generally applies to the cash you deposit as well as the free bets you receive.