Best Colorado Sportsbook Promotions & Bonuses

Sports betting in Colorado was a long time coming, but when it finally launched in the summer of 2020 sportsbooks from around the world wasted no time jumping on board. With so much competition, the sportsbooks in Colorado are looking for something to help them stand out from the crowd. Step forward betting bonuses.

Best Colorado Sportsbook Bonuses

Who Qualifies for a Betting Bonus in Colorado?

To use a betting bonus in Colorado you simply need to be at least 21 years of age and be physically located within the state.

You can actually sign up to a Colorado sportsbook and claim your bonus from another state, but to use it you need to be actually inside state lines.

Basically all you need to do to claim a bonus is sign up with a sportsbook.

How Do I Claim My Colorado Betting Bonus?

During the registration process, you may be given the chance to type in a bonus code, which will unlock your bonus. Some sportsbooks let you claim bonuses at any time after signing up, usually by entering a code or opting-in in the cashier.

There are also sportsbooks that will credit all new users with a bonus just for signing up, with no need for a bonus code.

To avoid ever missing out on a Colorado betting bonus, head over to our sportsbook reviews and sign up via the links.

Colorado Sports Betting Bonuses

What Are the Different Types of Betting Bonuses Available in Colorado?

Colorado has a great selection of sportsbooks, which means plenty of different types of bonuses. To get a more detailed explanation about each of them, you can check out our full guide to betting bonuses. Below you can find some of the most common types of bonuses in Colorado:

  • Free Bet Bonus
  • Risk-Free Bet
  • Money-Back Bonus
  • Sign Up/Deposit Bonus
  • No Deposit Bonus
  • Reload Bonus
  • Enhanced Odds
  • Parlay Bonus
  • Real Prizes

What Are the Terms and Conditions for Colorado Betting Bonuses?

Just about every single betting bonus has some small print attached – and it can often be the difference-maker between an amazing bonus and just an amazing sounding bonus. Investigating the terms and conditions of any bonus in full is essential. You can find more details in our full guide, but below we’ve listed some common conditions to be aware of in Colorado:

  • Rollover Requirements
  • Minimum Odds
  • Maximum Bet Size
  • Restricted Markets
  • Expiry Date

Which Colorado Sportsbooks Have the Best Bonuses?

While it’s true that some bonuses are simply more valuable than others, there also aren’t really too many hard and fast rules about what makes a bonus great. This is because everyone likes to bet differently, and values different things when it comes to bonuses.

Some bonuses are only really valuable when you can invest a fairly significant sum yourself. Others might offer players some bonus cash totally free, but the limit tends to be so small that higher rollers won’t be interested.

In this section, we’ve listed three of the top bonuses you can find in Colorado, to give you a sense of the options out there. Hit up our full sportsbook reviews for more info.

If you’re looking to bet on the Denver Nuggets, or your other favorite NBA teams then you’ll want to see which sportsbooks offer the best NBA bonuses. Check out our page on the best NBA promos and bonuses, updated weekly!

BetRivers

BetRivers kicks things off with a 100% deposit bonus, worth up to $250. Whatever your first deposit, the sportsbook will match it with bonus cash. If you deposit more than $250, you still receive $250 in bonus cash.

The gambling requirements are very reasonable too – you just need to bet all your bonus cash once to unlock it.

We’re big fans of this bonus from BetRivers, which is perfect for both low and mid to high-stakes players.

Get a $250 Deposit Bonus at BetRivers!

FanDuel

FanDuel’s welcome bonus on the other hand is really valuable as a one-off for higher stakes players.

It comes in the form of a risk-free bet. The first bet you place will be refunded in full if it loses, up to a huge $1,000. That means if you happen to be signing up to place a single $1,000 bet, this bonus is amazing.

Your lost bet is paid back in bonus cash, which you can unlock by gambling it once at odds of at least -200. This means you could lose your first huge bet, and then take your time trying to turn over the bonus cash to win your money back.

DraftKings

Draftkings welcome bonus is also worth up to $1,000, but in this case, it’s shared between a deposit bonus and a risk-free bet.

Both are worth up to $500 individually.

The deposit bonus is worth 20% of your first deposit, so to get the full value of $500 you would need to make a pretty sizable first-time deposit of $2,500. This is certainly out of the question for plenty of players.

For the risk-free bet, if your first bet loses DraftKings will refund it with bonus cash.

This bonus is likely to sound amazing to high-stakes players but less valuable for those who don’t bet as much.

Get a $1000 Welcome Bonus at DraftKings!

What Is the Current Sports Betting Situation in Colorado?

Colorado sports betting kicked in at a pretty crazy time. In May 2020 the US was still reeling from coronavirus restrictions, all the major sports leagues were canceled, and Colorado residents didn’t exactly have a full menu to bet on.

Sportsbooks weren’t deterred though. By the end of the summer, at least seven sportsbooks had launched in the state, with just about double that expected to join them over the rest of 2020 and into 2021. US sites like FanDuel and DraftKings are already up and running, along with some platforms designed by local casinos. Huge names from European betting, including bet365 and William Hill, are expected to launch before too long. The future is bright in Colorado.

More Sportsbook Bonuses & Promo Codes

Colorado Betting News

Colorado Climbs to Another New Sports Wagering Record Month in January
Colorado Climbs to Another New Sports Wagering Record Month in January
Colorado followed an excellent December with an even better record-breaking January.
2 March | 09:59 | Larry Gibbs
Colorado Notches $1.2B for 2020 in Sports Wagering Handle with Record December
Colorado Notches $1.2B for 2020 in Sports Wagering Handle with Record December
Colorado, coming on a record-breaking November, surpassing that in December with $284.6 million, concluding the year with a $1 billion-plus handle.  …
3 February | 13:26 | Larry Gibbs
Colorado Sports Betting Handle $231,238,842 for November
Colorado Sports Betting Handle $231,238,842 for November
The Colorado Dept. of Revenue posts that the total sports handle for November has posted an all time high with $231,238,842 …
23 December | 05:58 | Evan Henningsen
Record October Helps Colorado Leap Among Top Five US Sports Wagering States
Record October Helps Colorado Leap Among Top Five US Sports Wagering States
While amassing their impressive total, Colorado moved past Indiana to land inside the top five overall nationwide online sports betting markets.
3 December | 10:56 | Larry Gibbs
Colorado Sports Betting Handle $210,719,821 for October
Colorado Sports Betting Handle $210,719,821 for October
Like many other states that have legalized sports betting since the repeal of PASPA, Colorado continues to see the popularity of sports betting rise month by month.
1 December | 06:39 | Evan Henningsen
Penn National Proudly Announces Birth of its First Barstool Brand Sportsbook in Colorado
Penn National Proudly Announces Birth of its First Barstool Brand Sportsbook in Colorado
With significant pride, the company announced it will be the first involving a significant rollout planned for the immediate future.
9 November | 10:27 | Larry Gibbs