The Colorado sports betting cupboard has 19 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
Bet $5, Get $150 in Bonus Bets
New customers only. Deposit min. $10. Place first bet of $5+ and get $150 in Bonus Bets win or lose (within 72 hours).
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
$1,000 First Bet on Caesars
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
Bet $5, Get $150 in Bonus Bets
Gambling problem? Call 1-800-GAMBLER
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
Get up to $1,000 in Bonus Bets
+$25 in FanCash 🧢
Features
- Live in 19 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 almost 20 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
Bet $5, Get $200 in Bonus Bets
+ No Sweat SGP Every Day of NBA Playoffs 🏀
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. However, their reputation has dwindled as outspoken CEO Jason Robins leads the charge of the anti-profitable bettor mentality that runs rampant amongst sportsbooks that are quick to limit winning players.
Features
Up to a $250 Second Chance Bet
Features
- Competitive odds across all markets.
- Live betting section is well organized.
- Earn iRush Rewards from betting activity.
BetRivers Review
BetRivers is in Colorado! BetRivers has a welcome bonus of up to a $250 second chance bet. Use promo code SBRBONUS upon sign-up to claim.
Must be 21+. If you or someone you know has a gambling problem, call 1-800-GAMBLER.
Features
Up To $1,500 Back In Bonus Bets
Terms and conditions apply.
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
No Bonus
Features
- Massive selection of markets.
- Bonus in NJ, PA, AZ
- Wide variety of banking options.
Betway Review
While this book won’t wow you with its design, you won’t find many apps easier to navigate – or with the sheer volume of sports markets Betway offers. And although you'll find more generous signup offers elsewhere, Betway remains a strong global sports betting brand that deserves to be mentioned among the second-tier sportsbook options in the U.S.
Features
Get up to $250 in Bonus Bets
Features
- Great user interface.
- Deep selection of bets in major sports.
- Ongoing promotions for recurring players.
ClutchBet Review
Bringing its successful track record from Australia to the U.S., ClutchBet is a solid addition to the Colorado, Iowa, and Louisiana sportsbook markets.
Features
Quick links On this page
- Top CO sports betting bonuses
- Promos and Bonuses
- FanDuel ($150)
- DraftKings ($150)
- BetMGM ($1,500)
- BetRivers ($250)
- Caesars ($1,000)
- Other CO sportbook promo codes
- How we rate and review sports betting promotions
- Colorado sports betting promos quick facts
- Types of Colorado betting sign-up offers and bonuses
- Colorado online sportsbooks
- Colorado sports betting latest news
- Colorado betting resources
- Responsible sports betting with Colorado promos
- Sportsbook promos and bonuses in other regions
- Colorado sportsbook promos FAQs
All Colorado sportsbook promo codes and bonuses
Colorado’s appetite for legal online sports betting is evident in that 19 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 19, only five require bettors to enter a promo code at the time of the first deposit: bet365, BetMGM, BetRivers, Caesars, and SuperBook.
While most welcome bonuses are first-bet insurance or bonus bets, some operators, like Betsafe and Tipico, offer the rarely-seen deposit match bonus.
| Colorado sportsbook 🏆 | Promo code ✅ | Welcome bonus 💰 |
|---|---|---|
| ⭐FanDuel | Claim $150 without code | Bet $5, get $150 in bonus bets |
| ⭐DraftKings | Claim $200 without code | Bet $5, get $200 in bonus bets |
| ⭐bet365 | SBR365 | Bet $5, get $150 in bonus bets or $1,000 first bet |
| ⭐BetMGM | SBRBONUS | Up to $1,500 in bonus bets |
| ⭐BetRivers | SBRBONUS | $250 second chance bet |
| ⭐Caesars | SBRBONUS1000 | $1,000 first bet on Caesars |
| ⭐SuperBook | SUPERBOOK | $250 first bet bonus |
| ⭐Bally Bet | Claim $550 without code | $550 second chance bet |
| ⭐Betfred | Claim $105 without code | $105 on Fred |
| ⭐BetMonarch | Claim reward without code | Reward points |
| ⭐Betsafe | Claim $500 without code | $500 deposit match |
| ⭐Betway | No bonus | No Offer |
| ⭐Circa Sports | Start without code | High limits |
| ⭐ClutchBet Sportsbook | Claim $50 without code | Bet $10, get $50 |
| ⭐ESPN BET | Claim $600 without code | Up to $600 in bonuses |
| ⭐Fanatics Sportsbook | Claim $1,000 without code | Up to $1,000 in bonus bets |
| ⭐SBK | Claim $100 without code | Bet $20, get $100 |
| ⭐Sky Ute | Claim reward without code | Rewards program |
| ⭐Tipico | Claim $250 without code | 100% deposit match up to $250 |
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 five favorite sportsbooks in the states, including more details about the value of the sign-up offers.
1. FanDuel CO welcome offer 🔵
New customers only. Deposit min. $10. Place first bet of $5+ and get $150 in Bonus Bets win or lose (within 72 hours).
The best online sportsbook in Colorado has a welcome bonus for new players. FanDuel offers a bet $5, get $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 $10 is required.
- Make an initial wager of $5 or more. Win or lose, 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 |
| ✅ Only a $10 min deposit required |
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 bet is easily one of the best deals I've ever come across.
2. DraftKings CO welcome offer 👑
+ No Sweat SGP Every Day of NBA Playoffs 🏀
DraftKings’ current welcome bonus is perfect for newbies. No DraftKings promo code is required to get in on the bet $5, get $200 in bonus bets welcome offer. DraftKings also sports some of the top super boosts out of any sportsbook, just in time for major events like the NBA and NHL Playoffs. In fact, DraftKings is offering a daily No Sweat SGP for all NBA Playoff dates as an additional bonus.
- You must deposit and place a qualifying wager of $5 or more on any sport.
- You'll get the $200 reward instantly.
- The bonus funds will come in eight (8) $25 increments to be used on future wagers.
- Bonus funds must be used within seven days.
| Pros | Cons |
|---|---|
| ✅ 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 |
Why this DraftKings bonus is better than others
This bonus is very similar to the Colorado offers from FanDal and bet365. In my opinion, you should try to claim all three, as they all stand out as terrific bonuses that require very little risk. Combined, the three offers would amount to $500 in bonus bets for just $15 risked.
3. BetMGM CO welcome offer 🦁
Terms and conditions apply.
BetMGM continues to offer new players a four-figure first-bet insurance as its preferred welcome offer. The “King of Parlays” will stake your first bet up to $1,500 should it lose. Use the BetMGM bonus code SBRBONUS at the time of the first deposit.
- Minimum deposit of $10/
- Your first bet must lose to earn welcome bonus insurance funds.
- If your first bet wins, no bonus monies are received.
- The $1,500 will be credited within 24 hours of your first bet settling
- Bonus credits are divided into five equal bonus bets. So, a $1,500 first bet loss would be converted into five (5) $300 bonus bets.
- If first bet was less than $49, bonus bets will be issued as a single credit.
- You must use the bonus within seven days.
| Pros | Cons |
|---|---|
| ✅ Low minimum deposit | ❌ First bet must lost |
| ✅ First bet insurance for new players | ❌ Bonus bets expire in a week |
| ✅ Highest total dollar value bonus |
Why this BetMGM bonus is better than others
I hardly ever see a welcome bonus valued as high as $1,500, which gives BetMGM the edge in terms of total dollar value. If you want to make a significant initial wager in Colorado, I would definitely recommend using BetMGM's first-bet insurance deal.
4. BetRivers CO welcome offer ⚡
Terms and conditions apply
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 must enter the BetRivers bonus code SBRBONUS at the time of first deposit.
- 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.
5. Caesars CO welcome offer 🏛
Terms and conditions apply
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 can snag an offer of up to $1,000 first bet on Caesars. Just use the Caesars Sportsbook promo code SBRBONUS1000 when registering.
- Minimum deposit of $10.
- Make your initial bet within 30 days of opening your account.
- First bet must lose to unlock first bet insurance.
- Bonus funds will be credited to your account within 48 hours of the first losing bet settling.
- You must use all bet insurance bonus funds in a single wager.
- You must use the bonus fund within 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
Even though this first-bet insurance is less than BetMGM's offer, it's still more than BetRivers. I also like that Caesars throws in one of the best loyalty rewards programs in the business, making this welcome offer a no-brainer for new Colorado bettors.
Other CO sportbook promo codes
We've covered our top five CO sportsbook promos in depth, but there are a few others still worth your time. Check out any of these options for further bonus oppurtunities:
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?
Colorado sports betting promos quick facts
| 🚀 CO apps launch date | May 2020 |
| ➡️ Legal betting age | 21+ |
| 📱 Sports betting apps | 19 |
| 🤔 Do promos require codes? | Sometimes |
| 🤔 Can you withdraw bonus funds? | No |
| 🏆 Best CO bonus | Bet $5, get $150 on 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 |
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 19 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, 14 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 19 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 |
| Betfred | Daily odds boost |
| BetMGM | "King of Parlays" |
| BetMonarch | Colorado-based app |
| BetRivers | Award-winning parent company |
| Betsafe | Large menu of betting options |
| Betway | Daily odds boosts |
| Caesars | Huge welcome bonus |
| Circa Sports | Higher betting limits |
| DraftKings | Industry leader |
| ESPN BET | Personality driven promos |
| Elite Sportsbook | Easy withdrawals |
| Fanatics Sportsbook | Apparel partnerships and rewards |
| FanDuel | #1 rated app |
| SBK | Price+ |
| Sky Ute | Top safety and security features |
| SuperBook | Early lines |
| Tipico | Daily promotions |
Colorado sports betting latest news
Feb. 2, 2024: Colorado announces that December 2023 set a new monthly record for betting handle, hitting $716.4 million. That topped the old monthly record by more than $100 million and brought the annual total to $5.56 billion.
Jan. 15, 2024: Colorado announces a new monthly betting handle record for November 2023, which saw $608.4 million in total bets made.
Nov. 14, 2023: ESPN BET goes live in Colorado, along with 16 other states.
Oct. 10, 2023: Colorado reports an August sports betting handle of $306.1 million, more than $15M more than the same month in 2022.
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 $150 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.
