The best promo codes and deposit bonuses available at Colorado sportsbooks.
The Colorado sports betting cupboard has 24 online sportsbooks, which means CO sportsbook promos are very generous. This guide will highlight every site’s sign-up offer and dig into the most common sports betting promos and bonuses while emphasizing Colorado’s top five best betting offers.
If your first qualifying wager loses, Caesars will credit you a bet credit 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.
If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) bonus bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000.
New users to FanDuel are eligible for a No Sweat First Bet of up to $1,000 in bonus bets. All you have to do is sign up and make a first deposit of at least $10. If your first bet loses, FanDuel will give you bonus bets equal to the amount of the first bet. The bonus bets will expire 14 days after being issued.
New customers with DraftKings can place an initial deposit and wager of $5 or more on any pre-game moneyline to receive $150 in bonus bets should they win. The reward will be delivered as six (6) $25 bonus bets that are non-withdrawable, non-transferable, non-refundable, and will expire after seven days.
The offer is available until May 28, 2023.
Gambling Problem? Call 1-800-GAMBLER
bet365 is currently offering a bet $1 and get $365 in bonus bets promotion. Sign up, deposit a minimum of $10 to your account, and place a qualifying bet of $1 to get $365 in bonus bets once your bet is settled with bet365. You must claim the offer within 30 days, and they are non-withdrawable.
PointsBet offers new customers up to five second chance bets for $50 each. If any of your first five cash bets on a fixed odds market loses, you'll receive a bet credit for the losing wager up to $50.
The promotion starts on the day you place your first cash bet. If your first bet of the day wins, you are not eligible for the promotion for that day. If you do not place a bet over the first five days, you will lose the second chance bets, and it will not be extended.
Barstool Sportsbook offers a $1,000 new player bonus for new users.
The $250 risk-free bet Betway offers is modest in terms of its monetary value – and is only awarded to players whose first wager loses. As signup offers go, this one lags behind the top competition in the U.S. Betway also comes up short in terms of ongoing promos, with modest parlay boosts making up the majority of their ongoing enticements.
SuperBook offers new players in 100% First Bet Bonus of up to $1,000.
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.
Betfred offers new users a "Bet $50, Get $250 Free" promotion.
|🚀 Colorado sports betting apps launch date||May 2020|
|➡️ Legal sports betting age||21|
|🔔 Colorado sports betting regulator||Colorado Division of Gaming|
|📱 Number of sports betting apps||24|
|🤔 Do welcome promos require code?||Some, not all|
|🤔 Can you withdraw bonus funds?||Depends on operator terms and conditions of welcome bonus offer|
|🏆 Biggest CO sports betting welcome bonus||Caesar’s $1,250 first bet insurance + Rewards|
|☎️ Colorado problem gambling hotline||1-800-GAMBLER|
|🧑🤝🧑 Gambling Addiction Counseling||Yes, via Problem Gambling Coalition of Colorado|
|💰 Bonus types||First bet insurance, bonus bets, deposit match|
Colorado’s appetite for legal online sports betting is evident in that 24 operators are active, and 26 have launched since May 2020. With two dozen options and nine more licenses, each sports betting site is jockeying for position and market share in the Rocky Mountain state. Of the 24, only two require bettors to enter a promo code at the time of the first deposit; BetRivers and Caesars.
While most welcome bonuses combine first bet insurance and bonus bets – like at FanDuel – some operators like Betsafe, Play Maverick, and Tipico offer the rarely-seen deposit match bonus.
|Online sportsbook||Welcome bonus||Promo Code|
|Bally Bet||$550 second chance bet||✅ No code required|
|Barstool Sportsbook||$1,000 first bet insurance||✅ No code required|
|bet365||Bet $1 get $365 in credits||✅ No code required|
|BetFred||Up to $1,111||✅ No code required|
|BetMGM||Up to $1,000 in first bet insurance||✅ No code required|
|BetMonarch||Reward points||✅ No code required|
|BetRivers||$500 second chance bet||SPORTS|
|Betsafe||100% deposit match||✅ No code required|
|Betway||Up to $250 bonus bet||✅ No code required|
|Caesars||Up to $1,250 insurance plus Ceasars Rewards||SBRFULL|
|Circa Sports||High limits||✅ No code required|
|DraftKings||Bet $5, win $150||✅ No code required|
|Elite Sportsbook||First bet up to $500||✅ No code required|
|FanDuel||No Sweat First Bet up to $1,000||✅ No code required|
|FOX Bet||$50 second-chance bet||✅ No code required|
|Play Maverick Sports||Up to $300 deposit match||✅ No code required|
|PlayUp||First bet up to $250||✅ No code required|
|PointsBet||Up to $250 in bonus bets||✅ No code required|
|SBK||Bet $20 get $100||✅ No code required|
|SI Sportsbook||Bet $20 win $200||SI200|
|Sky Ute||Rewards program||✅ No code required|
|SuperBook||100% match on first bet||✅ No code required|
|Tipico||100% deposit match up to $250||✅ No code required|
|WynnBet||Bet $100 get $100||✅ No code required|
The best online sportsbook in Colorado has a welcome bonus for new players. FanDuel offers a No Sweat First Bet of up to $1,000 in bonus bets. No promo code is required.
|Large amount for first bet insurance||Only achievable if the first bet loses|
|Allows new players to be aggressive with the first bet||Quick expiry|
|Only a $10 min deposit required||Available in the app only|
FanDuel’s Colorado welcome promo means a few things. New players can be confident knowing their first bet will be insured win or loss.
That depends on if your first bet is a winner or loser. If it wins, you will get winnings depending on the odds of your first bet and will receive no bonus bets. If it loses, FanDuel will deposit bonus bets into your account, matching the amount of the first bet.
FanDuel rewards new players simply by placing a first bet, win or loss.
DraftKings’ current welcome bonus is perfect for newbies. No promo code is required to get in on the bet $5, win $150 in bonus bets welcome offer.
|No promo code required||Relatively small maximum value|
|Only a $5 initial wager needed||Seven days to use bonus|
|Good for new players|
|Easy to read terms and conditions on the app|
A $5 deposit and first bet generates $150 in bonus funds if you win the wager.
The money you can earn via this promo depends on your success as a bettor. You can make a considerable amount if you win your qualifying wager and subsequent bets with the provided bonus funds. If, however, you lose your initial wager, you won't earn anything.
Unlike many 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, if they happen to win, they'll get $150 in bonus bets to further wager with the sportsbook.
BetMGM continues to lean on its four-figure first bet insurance as its preferred welcome offer to new players. The “King of Parlays” will stake your first bet up to $1,000 should it lose. You won’t need a promo code at the time of the first deposit.
|Low minimum deposit||First bet needs to lose for player to earn welcome bonus|
|No risk first wager for new players||Quick expiration date on bonus|
|One of most valuable first bet insurance offers in IN|
BetMGM’s promo means Colorado bettors can be more aggressive with their first wager because of the safety net valued at up to $1,000, ready to catch them should the first bet lose.
If you win your first bet, you can earn no money via this promo. If your first bet loses, you’ll receive five equal bonus bets, which you can use to grow your bankroll and earn unlimited profits.
Exceptionally few welcome bonuses — be it deposit matches, first bet insurance, or bonus bets — are valued at $1,000 or more. BetMGM doesn’t make you risk all your insurance bonus money on a single wager.
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 $500, and Bettors must enter promo code SPORTS at the time of first deposit.
|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|
BetRivers will stake Colorado bettors up to $500 on their first bet. If the first wager is a loss, BetRivers will credit up to $500 in insurance funds to your account within a day.
If your first bet wins, you can earn no money via this promo.
If your first bet loses, you can earn money by winning future bets using promo funds. Remember, the insurance funds themselves can’t be withdrawn as cash, but you can utilize them to your advantage and make money by winning future bets.
It allows new players to be slightly more aggressive as BetRivers insures their first bet up to $500.
Caesars Sportsbooks must embrace the mantra of if it’s not broke, don’t fix it because their welcome bonus remains the same: first bet insurance up to $1,250 with thousands of Caesars Rewards to new players. You must enter the promo code SBRFULL at the time of the first deposit.
|One of the most valuable welcome bonuses||Only receive the bonus if the initial bet loses|
|Only a $10 minimum wager needed||Bonus funds must be wagered on a single bet|
|Great for more veteran bettors||Can’t withdraw as cash|
In short, it means Caesars protects new players from a first bet loss of up to $1,250. They are rewarded for their loyalty simply by signing up because Caesars provides 1,000 Caesar Rewards and 1,000 Loyalty Tiered Rewards off the jump. Redeem those for bonus credits and exclusive experiences.
If your first bet wins, you can earn no money with Caesar’s first bet insurance promo.
If your first bet loses, the amount of money you can earn in the future depends solely on the success of your second bet. Caesar’s terms and conditions require you to wager all your insurance bonus funds on a single bet. So, you must win your second bet to earn money with this promo.
Aside from the fact that new players can enjoy a $1,250 safety net on their first bet, you can earn thousands of Caesars Rewards at Caesar properties for hotel stays and VIP experiences.
Sportsbook Review’s editorial team independently reviews and rates each Colorado online sportsbook and sports betting app for quality, safety, and user experience. SBR’s 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:
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 21 online sportsbooks, the three most common sign-up bonuses are bet bonuses and first bet insurance.
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.
Some industry leaders, like DraftKings and FanDuel, prefer bet bonuses 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, or, in other cases, you can use the entire value of the bonus bets on a single future wager.
For example, if operator X 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 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 Sportsbooks offers first bet insurance up to $1,250. So, if you wager $1,250 on your first bet and it wins, you get a significant boost to your bankroll. Conversely, Caesars will credit your account with $1,250 in insurance funds if the first bet loses. Just know that Caesars requires you to wager the total amount on a future bet within seven days.
Did you know Colorado offers the most legal online sportsbooks in the United States, with 24 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, nine 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.
|Online sportsbook||Best known for|
|Bally Bet||Live in-game betting|
|Barstool Sportsbook||Personality driven promos|
|bet365||Live video streaming|
|BetFred||Daily odds boost|
|BetMGM||"King of Parlays"|
|BetRivers||Award-winning parent company|
|Betsafe||Large menu of betting options|
|Betway||Daily odds boosts|
|Caesars||Huge welcome bonus|
|Circa Sports||Higher betting limits|
|Elite Sportsbook||Easy withdrawals|
|FanDuel||#1 rated app|
|FOX Bet||Super boosts|
|Play Maverick Sports||Odds boosts|
|PlayUp||Thousands of markets|
|PointsBet||Points Betting ™|
|SI Sportsbook||Perfect 10 contest|
|Sky Ute||Top safety and security features|
|WynnBET||Wynn Happy Hour|
For those new to Colorado sports betting, before you dive too deep into the best sports betting promos in the state, you’ll want to check out some other guides. SBR’s team of experts produced several helpful guides that break down the best sportsbooks, sports betting apps, and best sportsbook 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:
The term best is relative to individual preference. Still, you could make a case that SuperBook’s 100% match on your first bet, BetSafe’s 100% deposit match, and the Play Maverick deposit match up to $300 are pretty strong contenders because the sports betting bonus isn’t tied to anything besides making a deposit.
Any Colorado sportsbook offering deposit match bonuses is considered the best value because the funds are added to your account simply by making a deposit and aren’t contingent on your first bet winning, losing, or making any bet.
You must be at least 21 to bet on Colorado sports.
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.
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 in” to any bonus or promotions. Read through the T&Cs and understand playthrough requirements before accepting a bonus offer.