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Colorado Sportsbook Promotions 2024: Best CO Betting Bonuses & Promo Codes Unveiled

Last Updated on 30.03.2024
Fact checked by: Emily Carter

Since online sports betting was made legal in Colorado, the top sportsbooks have all made themselves at home, from DraftKings to Bet365, and they all have an outstanding welcome bonus just waiting for new bettors.

In this complete guide to the best Colorado sportsbook promos, I’ll tell you how you can gain big deals at all of these sites. From bonus bets worth hundreds of dollars to a second chance if your first wager loses, these are the finest and freshest promotions for Centennial State bettors.

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Take advantage of the best sports betting bonuses in Colorado for 2024

Bet365
Recommended
Favicon
4.7/5
Requirements (WR): 1x Bonus
Min. Deposit: $10
Min. Odds: -500
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Colorado
Players from Colorado accepted
T&Cs apply, 21+
Go to Bet365
Get bonus now
Payment Methods
Find out more on Bet365.
Withdrawal
1 – 10 Days
Apps
License
Colorado (US)
Award
EGR – Operator of the year (2017)
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Show less
BetMGM
Hot Offer
Favicon
4.7/5
Requirements (WR):
Min. Deposit: $5
Min. Odds:
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Colorado
Players from Colorado accepted
T&Cs apply, 21+
Go to BetMGM
Get bonus now
Payment Methods
Play+
Bank Transfer
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Colorado (US)
Award
GGA – Digital Operator of the Year (2023)
Show less
FanDuel
Hot Offer
Favicon
4.6/5
Requirements (WR): 1x Deposit
Min. Deposit: $10
Min. Odds:
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
Colorado
Players from Colorado accepted
T&Cs apply, 21+
Go to FanDuel
Get bonus now
Payment Methods
Play+
Bank Transfer
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Colorado (US)
Award
Global Gaming Awards (2022)
Show less
Caesars
4.
Favicon
4.5/5
Requirements (WR): 1x Deposit
Min. Deposit:
Min. Odds:
Caesars Bonus
100% up to $1000
Colorado
Players from Colorado accepted
T&Cs apply, 21+
Go to Caesars
Get bonus now
Payment Methods
Bank Transfer
PayPal
PayNearMe
+
Withdrawal
1 – 5 Days
Apps
License
Colorado (US)
Show More
DraftKings
5.
Favicon
4.5/5
Requirements (WR): 1x Bonus
Min. Deposit: $5
Min. Odds:
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Colorado
Players from Colorado accepted
T&Cs apply, 21+
Go to DraftKings
Get bonus now
Payment Methods
Play+
Bank Transfer
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Colorado (US)
Award
EGR – Operator of the year (2023)
Show More
BetFanatics
6.
Favicon
4.4/5
Requirements (WR):
Min. Deposit:
Min. Odds:
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
Colorado
Players from Colorado accepted
T&Cs apply, 21+
Go to BetFanatics
Get bonus now
Apps
License
Colorado (US)
Show More

A lightning guide to online sports betting in Colorado

Online sports betting is live and legal in Colorado. Here’s a lightning quick guide to everything you need to know:

  • November 2019: Online and retail sports betting was made legal in Colorado after a statewide referendum vote.
  • May 2020: Sports betting launched in Colorado. Four sportsbooks were originally given licenses but this number has now increased.

Both retail and online sports betting are permitted in Colorado as long as bettors are over the age of 21 and physically located within the state.

Is college sports betting allowed in Colorado?

It’s 100% permitted to bet on college sports in Colorado, including college basketball and football.

What sort of betting markets are there?

Bettors in Colorado can access a lot of different bet types, including moneylines, futures, totals, spreads and more. In line with Colorado gambling regulations, prop bets on individual players in college sports aren’t allowed.

How about paying taxes on winnings?

Under Colorado state law, you’ll have to declare any winnings you make from gambling on your annual tax return. This is set at a flat rate of 4.40%.

Types of Colorado betting promotions – what’s the big deal?

It’s a dog eat dog world of competition out there, but welcome promotions are one of the ways that sportsbooks stand out from the crowd. These are the most popular Colorado sports betting bonus types explained.

Deposit match

This kind of welcome promotion gives you a bonus bet amount equal to your deposit, or a percentage of your deposit. For example, a 50% match on an initial deposit of $100 would give you $50 in bonus bets.

The best deposit match bonuses, usually those hoping to attract new bettors to a site, can provide a 100% match, or even more.

Advantages
  • The higher your deposit, the more credit you get
  • Simple to claim
  • Adds to your bankroll
  • Bonus credit delivered quickly as bonus bets
Disadvantages
  • Minimum deposit required

Bet & get bonus

A bet & get bonus gives new bettors a set amount of bonus bets once they make a deposit and a qualifying wager. The wager can be low as $5, while the value of the bonus bets can run into hundreds of dollars. Bonus bets can’t be withdrawn but any winnings made from them can be.

Advantages
  • Doesn’t matter if your first bet wins or loses
  • Easy to claim
  • Split up into smaller amounts
  • Lets you make risk bonus bets
Disadvantages
  • Bonus bets expire after a few days

First bet offer, or 2nd chance bet

This welcome deal is another common type of Colorado sportsbook bonuses. If your first wager loses, the sportsbook will refund your bet amount to you as on site credit, up to a set limit. So, if you make your first bet for $100 and it doesn’t win, you’ll get $100 back as a bonus bet to use on the site.

Advantages
  • Make a risk free first bet
  • Receive 100% of your stake back
  • Painless to claim
  • You’ll have several days to use bonus bets
Disadvantages
  • Your original wager has to lose for you to receive the bonus

Our top sportsbook picks for CO

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Bet now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
PayNearMe
PayPal
Bank Transfer
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Prepaid Card
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
E-Check
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
PayPal
VIP Preferred
Play+
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+

Colorado betting promos – buzzer beating deals just for you

There are 20 online sportsbooks open to Colorado bettors at the moment, all with an exciting range of welcome bonuses. I’ve picked out the very best of the bunch to make choosing between them an absolute breeze:

SportsbookBonusPromo code
BetMGMWager $5 and get $158 in bonus betsNo promo code required
DraftKingsBet $5, and get $200 in bonus bets.No promo code required
FanDuelGet $200 in bonus bets when you make a winning $5 wager.No promo code required
Bet365Bet $5 and get $150 in bonus bets.No promo code required
Caesars‘Risk-Free’ first bet worth up to $1,000.Use promo code CRZ1000 when you sign up

BetMGM Colorado welcome offer

BetMGM sportsbook and casino
BetMGM Bonus: Pros & Cons
  • Receive bonus bets in 24 hours
  • Small initial outlay
  • Get a bonus whether your initial bet wins or loses
  • Bonus bets divided up to use on multiple wagers
  • Bonus bets have to be used in 7 days

How does the BetMGM sign up bonus for Colorado bettors work?

BetMGM are one of the most renowned sportsbooks open to US bettors and their deal is one of the best and simplest Colorado betting bonuses you could ever find. Bettors don’t need any prior experience to make a new account as the process is streamlined and just requires you to input some basic details like name, address, and date of birth.

Once your account is live, you can use any of the numerous payment methods that BetMGM accept to make an initial deposit of at least $15. Then you’ll need to place a wager of at least $5. When the bet has ended you’ll get $200 in bet tokens.

How to withdraw your winnings?

Once you’ve received your bonus bets you can use them to place wagers on any sport you like, and there are a lot to choose from. In common with many of the best sportsbook promotions, if these bets are winners you’ll be able to withdraw your winnings but not the stake.

Is this the best bonus for Colorado sports bettors?

The light initial outlay required to claim this bonus should make it a favorite among Colorado sports bettors who are new to this type of play. The fact that the bonus bets are divided up means that you can try out a few different types of bet too.

Bonus quick facts

To make claiming this bonus as low stress as possible, I’ve outlined key portions of the promotion terms and conditions that you should bear in mind:

  • Your first deposit must be at least $15.
  • Your qualifying bet has to be a minimum of $5.
  • You should get your $200 bonus bets in 24 hours. They’ll be split up into three tokens – two worth $50, and one worth $58. Each bonus bet must be used in its entirety on one wager.
  • Bonus bets expire after 7 days.
Sports Bonus
4.7/5
BetMGM
Sports Bonus
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Free Bet
|
T&Cs apply, 21+
Go to BetMGM
Get Bonus

DraftKings Colorado welcome offer

draftkings main
DraftKings Bonus: Pros & Cons
  • No promo code required
  • Can be claimed on the app
  • Receive bonus bets regardless of first bet outcome
  • Low minimum deposit of $5
  • Bonus bets last 7 days

If you’re looking for a fantastic sportsbook deal in Colorado then DraftKings definitely fits the bill. Their welcome promo gives you $200 in bonus bets when you sign up for a new account and place an initial wager of just $5.

How does the DraftKings sign up bonus work for Colorado bettors?

DraftKings gets top marks from me for the simplicity of their latest promotion. Once you’ve joined the site, added a deposit, and made your first wager, you’ll get $200 of bonus bets to use on any market. There’s no requirement for any Colorado sportsbook bonus codes, making things even more straightforward.

You’ll then have seven days to use your bonus bets, which come as 8 x $25 tokens. Bonus bets can’t be withdrawn, but any winnings you make from them can be.

Is this the best bonus for Colorado sports bettors?

The DraftKings welcome bonus is a low risk way to get your hands on $200 of betting fuel. Anything you win you get to keep so there’s the potential for this promotion to be quite lucrative.

Bonus bets are split up into $25 chunks so you don’t need to worry about using all of them at once. It also means that if you don’t quite manage to get through all of them before they expire, you haven’t lost the whole amount.

Bonus quick facts

In order to claim this bonus, you’ll have to meet a few specific requirements:

  • The minimum deposit to be eligible for this bonus is $5. The minimum wager amount is $5.
  • After you’ve made your qualifying wager, and it’s completed, your bonus tokens should be in your account in 24 hours.
  • Bonus bets expire after 7 days (it’s counted as 168 hours from the time they were issued).
Sports Bonus
4.5/5
DraftKings
Sports Bonus
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly
Welcome Bonus
|
T&Cs apply, 21+
Go to DraftKings
Get Bonus

FanDuel Colorado welcome offer

fanduel main
FanDuel Bonus: Pros & Cons
  • $200 as 8x $25 bonus bets
  • Low initial bet requirement of $5
  • Hassle free claiming process
  • Use your bonus bets on any market
  • Only available on winning bets

Coming in as one of the top Colorado betting bonuses, FanDuel will give new Centennial State bettors $200 in bonus bets when they make a qualifying wager of $5.

How does the FanDuel sign up bonus work for Colorado bettors?

You don’t need to use a promo code to collect this bonus but you will need to download the FanDuel app. Once you’ve done that you can place your first wager of at least $5. If it wins, then the good times keep coming with an instant delivery of $200 in bonus bets.

Is this the best bonus for Colorado sports bettors?

The FanDuel sign up bonus is competitive in the market (except against DraftKings because they’re perfectly matched). The low initial outlay makes it a good option for new sign ups, and the fact that bonus bets are delivered in smaller portions means you can stretch your gambling out over a few days. However, you need  to bear in mind that it only kicks in for winning bets.

Bonus quick facts

These are the key terms and conditions of the FanDuel bonus:

  • You’ll need to make a minimum first time deposit of $10 and a first wager of $5 or higher.
  • Bonus bets come into your account within 3 days of your original bet settling.
  • You can split up your bonus bets into smaller denominations to be used on any market.
  • Bonus bets expire after 7 days.
Sports Bonus
4.6/5
FanDuel
Sports Bonus
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Welcome Bonus
|
T&Cs apply, 21+
Go to FanDuel
Get Bonus

Bet365 Colorado welcome offer

Bet365 Bonus: Pros & Cons
Bet365 Bonus: Pros & Cons
  • $150 in bonus bets
  • Use your bonus bets on any sport
  • 30 days to claim your welcome bonus
  • Bonus isn’t tied to the outcome of your bet
  • Look out for restrictions on odds

Bet365 joined Colorado in September 2022. They have a high pedigree for innovative features and an easy to use site, as well as excellent bonuses. Bonuses like their current welcome deal that is – $150 in bonus bets when you make a new bettor account and place a $5 wager.

How does the Bet365 sign up bonus work for Colorado bettors?

Whether your first bet wins or loses, as long as it’s over $5, you’ll get $150 in bonus bets with the Bet365 welcome. You can make your qualifying bet on any market as long as it has minimum odds of -500. That means you could start things off at Bet365 with a win, or a loss, and follow it up with a $150 boost to your bankroll.

Is this the best bonus for Colorado sports bettors?

This is a strong contender for one of the best Colorado betting bonuses. The $5 qualifying bet is easy to achieve and opens the door to an immediate $150. Your bonus bet credit can be used to place multiple smaller bets, so you don’t even need to use it all at once, and it’s eligible to use on any betting market or bet type.

Bonus quick facts

To make claiming the Bet365 bonus even easier, I’ve highlighted the key terms and conditions below:

  • You must make a first deposit of at least $10.
  • Make a minimum $5 wager within 30 days of opening your account. To meet the bonus requirements, your bet must include a selection with odds of -500 or more.
  • Once issued, bonus bets last for 7 days.
Sports Bonus
4.5/5
Caesars
Sports Bonus
4.5/5
100% up to $1000
Risk-Free Bet
|
T&Cs apply, 21+
Go to Caesars
Get Bonus

Caesars Colorado welcome offer

Caesars
Caesars Bonus: Pros & Cons
  • Up to $1,000 safety net bet
  • Straightforward bonus to claim
  • You’ll have 14 days to use bonus bets
  • No odds restrictions
  • Not available if your first bet wins

One of the most generous Colorado betting promos, Caesars will guarantee your first bet up to $1,000 if it loses.

How does the Caesars sign up bonus work for Colorado bettors?

Getting the Caesars sign up bonus is simple. Once you’ve signed up for a new account (using the promo code CRZ1000), you’ll have 30 days to make your first deposit and place a wager. If this bet fails to win, Caesars will give your stake back in bonus bet tokens, up to a limit of $1,000.

Is this the best bonus for Colorado sports bettors?

If you’ve got a bet in mind, for example you think the Nuggets will repeat history and get another Finals win, then this bonus ensures that you’ll either win, or get your stake returned to you as bonus bets.

Bonus quick facts

I’ve read the terms and conditions of the Caesars sign up bonus carefully, and noted several important features:

  • You must make your first bet within the first 30 days of having your account.
  • Bonus bets will disappear 14 days after issue.
  • The maximum amount of bonus bet credit you’ll receive is $1,000, which comes as one token and can’t be split up.
Sports Bonus
4.5/5
Caesars
Sports Bonus
4.5/5
100% up to $1000
Risk-Free Bet
|
T&Cs apply, 21+
Go to Caesars
Get Bonus

Final thoughts on Colorado sportsbook bonuses – lots of deals in store for colorful Colorado

It’s never been easier to find a whole collection of scintillating bonuses at the top online sportsbooks in Colorado. My list features five of the best, which I’ve tested out myself to make sure there are no nasty surprises in store for you guys. These bonuses are simple to claim, and have clear and easily navigable terms that make them ideal for the first time bettor.

And the best bit – every single one delivers over $100 in bonus funds. In the main, your bonus bets come from making a small one time wager, but Caesars is the site to visit if you’re looking to make a higher value, risk free wager.

It’s always important to read through a bonus’ full terms and conditions so you’re confident you can meet the minimum requirements and you’re clear on any playthrough rules. And if you’re new to sports betting then don’t forget that online betting calculators can help you to work out your potential winnings and losses.

In case you missed them…

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Go to Bet365
Get bonus now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Min. Deposit: $5
Go to BetMGM
Get bonus now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
Go to FanDuel
Get bonus now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit
Go to Caesars
Get bonus now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $5
Go to DraftKings
Get bonus now
T&Cs apply, 21+

Colorado sportsbook promos FAQs

🏡 Do you have to be a resident to claim Colorado betting offers?

You don’t need to call Colorado home to be able to get one of these bonuses but you will need to be physically in Colorado at the time of making your account. Sportsbooks will verify this using geolocation technology, special software that tells them where you are.

🤨 How do I claim a sportsbook bonus in Colorado?

To be able to claim any of these bonuses you’ll need to meet a few specific criteria. You’ll have to be over the age of 21 and located in Colorado. You’ll also need to be a new customer at the sportsbook you choose. Many of these deals don’t require Colorado sportsbook promo codes but I’ve highlighted any that do.

If you’ve had an account previously you won’t be able to claim the welcome deal but you will be able to grab any current promotions for existing bettors. These can include odds boosts, rakeback on any losses, or even bonus bets when you refer a friend.

📅 How old do I need to be to bet on sports online in Colorado?

Under Colorado law, you’ll need to be over the age of 21 to be able to place a bet at a Colorado sportsbook. All legal sports betting sites will verify this by asking for a copy of your Social Security number and ID when you sign up.

Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly
T&Cs apply
4.5/5
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Emily CarterJackson T. PierceMike GoodpasterJP ZhangBrendan Heffernan
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Emily Carter
Gambling Editor
Jackson T. Pierce
Gambling & DFS Editor
Mike Goodpaster
Mike Goodpaster
Chief Editor Betting
JP Zhang
JP Zhang
Founder
Brendan Heffernan
Editor
Eric Winkler
Editor
Ian Johnson
Editor

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