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Best Colorado Sportsbook Promotions & Bonuses in 2024

Written by: Richard Janvrin
Fact-checked by: James Whitelock
Updated April 5, 2024
27 min read

There are 19 sportsbook operators offering promos, but only a few of them can truly be the best Colorado sportsbook promotions. We’ve compiled a list of the top CO betting bonuses available right now, with bet365 as our frontrunner. On this page, we have covered everything you need to know about claiming, finding, and making the most of bonuses in the Centennial State.

🥇 Our best CO sportsbook promo in April 2024 is bet365's 'Bet $5, Get $150 OR $1,000 First Bet Safety Net ' Use promo code WSN365 when signing up. 🥇

Best Colorado Sportsbook Bonuses

🔥 Claimed by 72 people this week!

Logo #2

DraftKings

4.8/5

Bet $5, Get $200 in Bonus Bets Instantly

21+ | T&Cs apply

Logo #3

FanDuel

4.8/5

Bet $5, Get $150 in Bonus Bets

21+ | Terms and conditions apply

🔥 Claimed by 108 people this week!

Logo #4

BetMGM

4.4/5

Get Up to $1,500 in Bonus Bets!

21+ | T&Cs apply. *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.

🔥 Claimed by 145 people this week!

Logo #5

Caesars

4.3/5

$1,000 First Bet on Caesars

21+ | T&Cs Apply. Gambling problem? Call or text 1-800-GAMBLER.

Logo #6

BetRivers

4.1/5

$500 Bonus Bet

21+ | VA only | Gambling problem? Call 1-800-532-3500

Colorado Sportsbook Promo Codes

Our handpicked sportsbooks have a variety of Colorado betting promos that cater to both experienced and new bettors. Welcome bonuses tend to be the most generous of the lot, and that’s what you can see in the table below. Some sportsbooks simply require you to sign up to claim their welcome bonus. Other platforms will ask for a promo code, and we have provided the latest codes to unlock the best Colorado sports betting promotions below.

Sportsbook Welcome Offer Promo Code
bet365 $1,000 Safety Net Bet OR $150 in Bonus Bets Click to claim and use promo code WSN365
FanDuel Bet $5, Get $150 in Bonus Bets Click to claim
Caesars $1,000 First Bet on Caesars Click to claim and use promo code WSN1000
BetMGM Get Up to $1,500 in Bonus Bets! Click to claim and use promo code WSNMGM
DraftKings Bet $5, Get $200 in Bonus Bets Instantly Click to claim
BetRivers $250 Second Chance Bet Click to claim

How We Rated the Best Colorado Sportsbook Promotions

At WSN, our approach to rating promotions relies on a simple yet effective principle. We take the time to go through the process of signing up and claiming every available Colorado sportsbook bonus. By doing so, we can evaluate firsthand how these bonuses function. With a wealth of experience, our team has a deep understanding of what makes a bonus truly valuable. 

Our experts are asked to concentrate on these five factors in particular when we’re rating a bonus: 

  1. Accessibility - We look at how straightforward it is to claim the bonus. Do you have to opt in or use a promo code? Are there specific criteria that users need to meet, such as minimum deposits or wagers?

  2. Value - We assess if the promotion is worth your time and how it’s going to improve your betting experience. The bonus is also weighed against other offers in the industry. 

  3. Type of Bonus - We consider whether the bonus is better for a newcomer or a seasoned gambler. Additionally, are there any limitations of sports or markets that bettors should be aware of? Is there a specific type of bet that must be used?

  4. Playthrough - Many bonuses have wagering requirements that you need to meet before cashing out any winnings. Further down this page, we will explain how this works in detail.

  5. Other terms and conditions - Beyond the main criteria, we delve into any other terms and conditions that impact the value and usability of the bonus, from time limits to restricted markets. 

Our Top Recommended Sportsbooks in Colorado - Why They’re The Best

1. bet365 Colorado Promo

bet365 best Colorado promo offer

bet365 Pros and Cons

Pros Choice between welcome bonuses
Pros Reputable global platform
Pros Highly-rated mobile app
Cons Fewer markets than competitors
Cons No loyalty scheme

Best for: Welcome bonus

bet365 has a well-established standing in the global betting landscape and is now making waves in the US industry. If you are looking for a sportsbook with international acclaim and an excellent welcome offer, bet365 is a great choice to consider.

What I love about bet365 is that they go the extra mile for new customers by offering a choice between two welcome bonuses when you use the code WSN365. The first is a second chance bet up to a whopping $1,000. Essentially, if your first bet loses, you will receive up to $1,000 of your stake back in bonus bets. If your first bet wins, you don’t technically get a welcome bonus. But you’ve won your bet, so happy days!

The other offer is $150 in bonus bets after making a deposit and a first wager of $5. Your bet doesn’t even have to win. It just needs to settle within 30 days of signing up to guarantee your bonus. The availability of two options is fantastic, as it caters to the different preferences of bettors. Are you a high-risk bettor or experienced in the betting world? Then, it is worth making the most of the $1,000 second chance bonus. Are you a newcomer just dipping your toes into sports betting? If so, the $150 in bonus bets for just $5 is likely the more suitable choice for you. 

Following this, you can explore lots of regular promotions such as bet boosts, multi-sport parlay bonuses, and early payout offers. The only letdown in my book is the fact that there is no loyalty scheme, which I'd love to see changed down the line.

Take a look at our bet365 review where we go into further detail.

  • WSN rating: 4.5/5

  • Sign up offer: $1,000 Safety Net Bet OR $150 in Bonus Bets. Use promo code: WSN365

  • Promo Code: WSN365

  • App rating: 4.8/5 (iOS); 4.6/5 (Android)

Claim your bet365 CO promo CTA icon

2. DraftKings Colorado Promo

DraftKings Colorado Promo Offer

DraftKings Pros and Cons

Pros Frequently updated promotions
Pros $5 minimum deposit
Pros Top mobile app
Cons No phone support
Cons Cryptocurrencies not supported

Best for: All-round platform

DraftKings has become a powerhouse in the betting world, offering a cutting-edge sportsbook and lots of other features. If you are looking for an all-around fantastic platform, DraftKing is an ideal option.

After registering, new Colorado bettors can claim a Bet $5, Get $200 in Bonus Bets Instantly promo offer. All you have to do is sign up, deposit at least $5, and make a first bet of at least $5 to qualify for the offer. Most importantly, the result of the qualifying bet doesn't matter. You'll receive your $200 in bonus bets within 72 hours, divided into eight $25 portions. Your bonus bets are valid for 7 days, so if you don’t use them in time, they disappear. This offer couldn’t really be much easier to claim.

Additionally, by encouraging your friends to sign up through your link, you can grab a reward equal to your referral’s first deposit of up to $100 in bonus bets. 

This sportsbook excels when it comes to frequent promotions, covering a variety of different sports and leagues. It is worth regularly checking the promotions page, as it is updated daily. In fact, they offer more daily boosts than any other platform. DraftKings Dynasty is the sportsbook’s exciting loyalty program, in which the top prizes include invitations to special events and access to VIP hosts. 

Check out our in-depth DraftKings review for further information.

  • WSN rating: 4.8/5

  • Sign-up offer: Bet $5, Get $200 in Bonus Bets Instantly

  • App rating: 4.8/5 (iOS); 4.6/5 (Android)

Claim your DraftKings CO promo CTA icon

3. FanDuel Colorado Promo

FanDuel Colorado Promo Offer

FanDuel Pros and Cons

Pros Industry leading app
Pros Market leader
Pros Fast withdrawal times
Cons VIP scheme could be improved
Cons Further payment options could be added

Best for: Mobile app

FanDuel stands out as the platform with the highest total betting revenue among all sportsbooks in the US. If you are looking for a sportsbook that offers a top-notch experience on desktop and mobile, this is the solution you've been looking for. It also has one of the best-rated mobile sportsbook apps.

I’m a fan of FanDuel’s welcome bonus, which is a great introduction to the platform without breaking the bank. After signing up, you are eligible to claim $150 in bonus bets. All you have to do is make a deposit of $10 and place a $5 wager on any sport. It is as simple as that. 

That’s just the beginning, too, and there are a whole host of other offers waiting for you. For instance, by bringing a friend into the mix, you will receive $50 in bonus bets. What’s more, you can refer up to five friends every thirty days. Aside from this, bettors can benefit from daily and weekly promotions, including odds boosts, featured same-game parlays, and profit boosts. 

Bettors automatically become part of FanDuel Player Clubs and can earn rewards based on their FanDuel Points. You get access to special promotions, premium customer support, FanDuel merchandise, and a personal account manager. 

If you want to read further, have a look at our FanDuel Sportsbook review.

  • WSN rating: 4.8/5

  • Sign-up offer: Bet $5, Get $150 in Bonus Bets

  • App rating: 4.8/5 (iOS); 4.7/5 (Android)

Claim your FanDuel CO promo CTA icon

4. BetMGM Colorado Promo

BetMGM Colorado Promo Offer

BetMGM Pros and Cons

Pros Live betting, streaming & cash out
Pros Top loyalty scheme
Pros Huge range of betting markets
Cons No stats on betting history
Cons Withdrawal processing times could be improved

Best for: Live betting

BetMGM is widely acclaimed in the betting world as a branch of the MGM Resorts group. If you want a trustworthy brand that really rewards its bettors, BetMGM Sportsbook is worth exploring. 

BetMGM offers a welcoming bonus of up to $1,500 in bonus bets, designed as a second chance for your initial wager. To access this offer, new players must register, make a minimum deposit of $10, and use the promo code WSNMGM. This special promo ensures that if your first bet doesn't win, you'll receive your stake back, up to $1,500, as bonus bets. These are credited once the bet settles, distributed in either five equal parts for amounts greater than $50 or in a single sum for smaller amounts. All bonus bets must be utilized within seven days before they expire.

The promotions continue beyond this, as you can refer up to 20 friends to snag $100 in bonus bets for each one (depending on their first deposit). On top of that, bettors can dive into daily and weekly offers such as odds and parlay boosts.

For my money, BetMGM has one of the best loyalty programs in the game. Every bet that you place allows you to earn points for MGM Rewards. These points determine your level in the loyalty scheme, which climbs the more you bet. Eventually, you can exchange them for various rewards, such as fine dining, hotel stays, and getaways at MGM Resorts.

Take a look at our BetMGM Sportsbook review to learn more.

  • WSN rating: 4.4/5

  • Sign up offer: Get Up to $1,500 in Bonus Bets!.

  • Promo code: WSNMGM

  • App rating: 4.8/5 (iOS); 4.2/5 (Android)

Claim your BetMGM CO promo CTA icon

5. Caesars Colorado Promo

Caesars Colorado promo offer

Caesars Sprotsbook Pros and Cons

Pros Generous loyalty scheme
Pros Discounts at in-person Caesars resorts
Pros Great welcome package
Cons Live chat is automated
Cons Fewer ongoing bonuses

Best for: Loyalty scheme

Known for its respected reputation across the US, Caesars provides a high-quality sportsbook and an excellent loyalty scheme. If you are seeking a platform with a well-regarded standing, consider exploring what Caesars has to offer. 

Caesars offers a second chance for new users, based on their first wager. Bettors can claim back up to $1,000 in bonus bets if their initial wager results in a loss. Remember to use our promo code WSN1000 when you sign up to get this offer. In addition to this, you will gain 1,000 Tier and Reward Credits to give you a headstart on the loyalty scheme. 

This is my favorite type of welcome offer when I know I'm joining a sportsbook to place a specific bet, right off the bat. 

Caesars Rewards integrates other parts of the brand to offer a highly rewarding scheme for dedicated bettors. Each bet that you make allows you to earn credit, which in turn decides your tier in the rewards program. As you make your way through the tiers, you can unlock prizes such as exclusive events, hotel discounts, and dining vouchers. 

If you share your unique referral code with a friend and they wager at least $50, then you and your referral will receive $100 in bonus bets. You can make up to 10 referrals. Compared to other leading sportsbooks, there are fewer ongoing offers at Caesars. However, around major events like the Super Bowl or NBA Championships, you can find exclusive bonuses and promotions.

Read our in-depth Caesars Sportsbook review to check if it is the right option for you.

  • WSN rating: 4.3/5

  • Sign up offer: $1,000 First Bet on Caesars

  • App rating: 4.6/5 (iOS); 4.3/5 (Android)

Claim your Caesars CO promo CTA icon

6. BetRivers Colorado Promo

BetRivers Colorado Promo Offer

BetRivers Pros and Cons

Pros iRush Rewards benefits
Pros GameCast View toggle option for live betting
Pros Live chat 24/7 customer service
Cons Bet slip for desktop version doesn’t automatically open
Cons User interface could be smoother

Best for: iRush Rewards

BetRivers provides a smooth betting experience with a user-friendly and straightforward platform. If you are a beginner, then BetRivers is the perfect option to dive into sports betting. 

At BetRivers, bettors are given a safety net on their first bet. You just need to sign up, make a deposit and place your first bet and you’ll receive up to $250 in bonus bets if you lose. The bonus bets will expire after 14 days. After this, you can explore a variety of promotions in the BetRivers Bonus Store, as well as daily House Specials odds boosts. Whenever total beginners ask me for a simple sportsbook with good regular promos to join, I recommend BetRivers.

The sportsbook’s loyalty scheme is named iRush Rewards, where you ascend through 11 different levels the more money you spend on real money bets. As you advance, you unlock rewards like bonus bets, birthday gifts, and dinner vouchers . You can also cash in your points for betting bonuses and other prizes in the Bonus Store.

Consult our BetRivers Sportsbook review for more information.

  • WSN rating: 4.1/5

  • Sign up offer: $250 Second Chance Bet

  • App rating: 4.4/5 (iOS); 3.4/5 (Android)

Claim your BetRivers CO promo CTA icon

How to Claim Your Colorado Sportsbook Bonus

It is generally pretty simple to claim your welcome bonus when joining a sportsbook, but it does require a couple of steps. It is always important to read the terms and conditions carefully, to make sure you tick all the boxes. Below, we have provided a step-by-step guide if you are a beginner wondering how exactly the process works.

  1. Select a sportsbook. First, you will need to find a reputable platform that is licensed in Colorado. All of our recommended sites are fully licensed, regulated, and safe for anyone over the age of 21 to use. Remember to check out the welcome bonus beforehand and make sure it interests you. 

  2. Sign up for the platform. Then, you can start the registration process, where you’ll be asked for personal information to create an account. You’ll need your name, date of birth, email address, SSN and home address. Depending on your info, you may also need to provide a copy of some personal documentation to verify your identity. 

  3. Claim and use your welcome bonus. It is important to check if you need to opt-in or use a promo code. You can find the latest and best Colorado sports betting promo codes at the start of this page. Some bonuses will require a qualifying deposit and wager before they become active. 

  4. Withdraw your winnings. If your bet is successful, then you can enjoy your winnings using your chosen payment option. Be aware that the processing times, fees, and limits vary depending on the platform and withdrawal method. Don’t forget to check the terms and conditions about withdrawing bonus winnings, too, including things like wagering requirements. More on that below.

What Type of Sports Betting Promotions Are There in Colorado?

Colorado sportsbooks have a diverse variety of promotions designed to attract new customers and retain existing users on their sites. Here is a breakdown of the common types of offers that you will come across in the Centennial State:

Deposit Match Bonus

A deposit match bonus is when the sportsbook matches a percentage of your deposit up to a certain limit. So, the bigger your deposit, the more you can gain from this kind of offer. Similar to other bonuses, the matched amount will be in free bets or site credit. This type of offer is ideal for players who are happy to deposit a lot of money up front. 

Second Chance Bet (Risk-Free Bet)

With this welcome offer, the sportsbook refunds your first bet if it loses up to a certain limit. It’s like a safety net for your first wager. The refund comes in bonus bets or site credit, so you can’t withdraw it without first using it to place bets. It’s a great offer for anyone who is planning to make a larger bet right off the bat when they sign up. 

Bonus Bets

Bonus bets are essentially betting tokens that can be used exclusively on the sportsbook. They cannot be exchanged for money or withdrawn, and they are just used to place bets. As a welcome bonus, they are typically awarded to bettors following an initial deposit and wager. It is a great way to experience the sportsbook without risking a large amount. 

No Deposit Bonus

A no-deposit bonus is a less regular offer, but as the name suggests, it requires no deposit or wager on your part. Simply put, all you have to do is sign up to claim this offer. However, they do tend to be on the smaller side, ranging from $10 to $20. There are also usually additional conditions attached before you can withdraw any winnings. While not as common among sportsbook offers, no deposit promos are quite common with sweepstakes casinos.

Odds Boost (Profit Boost)

This is a common offer where the sportsbook increases the odds on certain bets. For a limited time, this bonus offers a better potential payout for the same amount of risk. You can find odds increased from anywhere between 10% and 40%. The bets chosen to receive boosted odds are usually updated very regularly, like every day or every week. Sportsbooks also use them to promote the biggest games happening at any given time, so you can expect Odds Boosts on things like the NBA or NFL playoffs or the US Open in golf or tennis. 

Parlay Boost

In a parlay boost, the sportsbook boosts your odds as you add more selections to your bet. Depending on the offer, all of your choices might have to be from a specific category to be eligible. For example, you might get an NFL Week 4 Parlay Boost, where all your selections need to be from that week’s football games. 

Reload Bonus

Reload bonuses are for existing users. Like deposit bonuses, they match a certain percentage of your deposit with bonus bets or site credit. It is a smart move by sportsbooks since it encourages users to come back to their platform, whether weekly or monthly. 

Real Prizes

Aside from virtual rewards, sportsbooks also offer real prizes like physical items, event tickets, or unique experiences. You can bag these prizes by entering special contests or achieving milestones in the sportsbook’s loyalty scheme. Some online sportsbooks, like BetMGM and Caesars, even offer benefits that are connected to their luxury resorts, such as hotel stays, dining vouchers, or exclusive events.

Referral Bonus

By inviting your friend to join a sportsbook, you can both be rewarded through this sort of bonus. The new user will have to use your unique referral link or code when they sign up. Usually, they will also have to make a qualifying deposit and wager. Then, you can both enjoy the reward, which is most likely in the form of bonus bets. 

Terms and Conditions to Look Out For

Our key piece of advice is to always thoroughly read the terms and conditions before claiming any bonus. Sportsbooks have the tendency to promote the enticing parts of the bonuses, while leaving the finer details in the terms and conditions. 

Check out the main things to look out for when reading the T&Cs:

  • Wagering Requirements: Wagering requirement refers to having to use your bonus to bet before you are allowed to withdraw your winnings. Let’s take this example: if you have $20 in bonus credits with 5x wagering requirements, you would have to make total bets worth $100 before you could cash out any winnings from the initial bonus. They exist to prevent users from claiming a bonus and simply withdrawing it straight away without actually placing any bets. Bonuses from online casinos tend to have far higher wagering requirements than those of sportsbooks, which are often just 1x. 

  • Minimum Deposit: Most bonuses will require you to fund your account with a certain amount of money to qualify for a bonus.

  • Qualifying Bet: Likewise, you might have to make a bet of a certain amount to unlock a bonus. For second-chance bets, you have to lose your qualifying bet to be eligible. 

  • Minimum Odds: Most bonuses need to be used on bets with certain minimum odds, like -500 or greater. This restriction is used to prevent bettors from wagering on highly probable events just to meet their wagering requirements and withdraw their bonus.

  • Expiration Date: All sportsbook bonuses have a deadline by which the bonus must be claimed and used. After this date, the offer will no longer be valid. 

  • Maximum Bet or Maximum Win: A maximum bet is the highest amount that you can wager using bonus funds. Sometimes there is a limit on how much you can win from a bonus, too. You can find the specifics in the terms and conditions. 

Best CO Sportsbook Promos By Sport

Colorado has a thriving sports culture, with franchises in each of the major leagues. During the different seasons, our top sportsbooks provide special promotions to drum up excitement for these leagues.

NFL

The NFL is the top pick among US bettors, especially in Colorado, which is home to the Denver Broncos. With three Super Bowl titles, the Broncos have a diehard fanbase in the Centennial State. The run from September to January becomes especially thrilling as sportsbooks roll out a plethora of attractive NFL promotions. DraftKings, for example, has season-long NFL pools, while bet365 has early payouts and parlay boosts for NFL bets. Take a look at our NFL betting promos page for further information.

NBA

The NBA is the pinnacle of basketball, followed by fans around the world. Basketball is a particularly trending choice for Colorado bettors, as the Denver Nuggets finally got over the line in winning their first championship in 2023. The NBA season runs from October to June, where you can find offers like odds boosts on BetMGM or profit boosts and parlay insurance on BetRivers. For more details, explore our NBA promotions page

MLB

Although the Colorado Rockies have no World Series titles, they are a beloved team in the state. The MLB season runs from April to September, during which DraftKings and FanDuel regularly have odds boosts. You can see further baseball offers on our MLB bonuses page

NHL

The Colorado Avalanche have three Stanley Cups to their name, with their most recent title in 2021. The hockey season runs from September to April, an exciting time for Avalanche bettors to make the most of exclusive offers. FanDuel often has parlay boosts throughout this time, while SGP NFL bonuses can also be found on CO sportsbooks. Check out our NHL betting promotions page for more info.

Can I Claim Welcome Bonuses From More Than One Sportsbook in Colorado?

Absolutely! In Colorado, each sportsbook operates independently, so you can sign up and claim welcome offers from multiple platforms.

Welcome bonuses tend to be the most generous of the bunch, so it is a savvy move to make the most of them. It is also a great way of exploring different promotions, comparing odds, and trying to increase your potential profits.

Nevertheless, it is important that, if you are using multiple sportsbooks, you maintain a responsible approach to betting. Some bettors might find managing just one account to be less overwhelming. 

Responsible Gambling Support in Colorado

The Colorado Division of Gaming is committed to promoting safe betting and addressing the issues of problem gambling. The CDG offers a range of resources for individuals who have such issues:

Final Verdict

Choosing the right sportsbook and the best promo involves a lot of consideration, with both the features of the sportsbook and the promotion terms being crucial factors. The best sportsbooks incentivize bettors to engage with their platform using a variety of offers, including generous welcome offers, rewarding loyalty schemes, and frequent ongoing bonuses. 

Our recommended sportsbooks have the best promotions that can be found in Colorado, offering both variety and value. Check out our reviews to see which sportsbooks appeal to you, and click our sign-up links for a shortcut to the latest welcome bonus available. As always, remember to always carefully read the terms and conditions before you jump into any bonus.

Best Colorado Sportsbook Promotions FAQ

How many online sportsbooks are there in Colorado?

What is the best online sportsbook promotion in Colorado right now?

Do I need a promo code to claim a sportsbook bonus in Colorado?

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Which sportsbook has the best promos for existing customers in Colorado?

What happens if I don’t meet the wagering requirements?

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AUTHOR

Richard Janvrin

567 Articles

After graduating from the University of New Hampshire with a BA in Journalism, Richard Janvrin has been covering iGaming and sports betting since December 2018. Richard has covered betting at Bleacher Report, Gambling.com, The Game Day, Forbes, and more.

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