Latest Colorado Sportsbook Promotions and Bonus Offers

Sports bettors in the Centennial state have access to some of the best online betting offers and promos. As one of the most competitive sports gambling states, players have access to a wide range of Colorado Sportsbook Promotions.

The Colorado sports betting industry is thriving. There are numerous legal sportsbooks in Colorado offering plenty of legal sports betting action. One of the reasons the Colorado betting market is doing so well is how diverse the Colorado sportsbook promotions are. There is a wide range of deposit bonuses and bonus bets available as the online sportsbooks in the state compete to attract new players. The best sportsbooks in Colorado offer sign-up bonuses ranging from bonus bets to a deposit bonus. Each online sportsbook and online casino has its own set of terms and conditions.

This article will cover the best Colorado sports betting bonuses so Colorado sports bettors can find bonus money Colorado deals that suit their risk tolerances and levels of activity.

Suppose you are looking to get involved in the online sports betting industry in Colorado. In that case, this page provides you with all the critical information on Colorado sports betting promotions and how you can get your hands on some bonus money.

All of the sportsbook bonus offers listed on this page are provided by platforms that are fully licensed by the Colorado Division of Gaming. When you use a bonus code to bet on these sites, you are fully protected.

Best Colorado Sportsbook Promos May 2023

Although most Colorado online sports betting sites offer bonuses, some stand out for new bettors. Below is a list of the best Colorado sports betting bonus offers that are currently available.

When you register with each online sports betting site listed above, some may also offer promotions for existing players in addition to the welcome bonus. For example, when signing up for FanDuel, you can claim the FanDuel reload bonus after you have used the opening sports betting sign-up bonus.

CO Sports Betting Promos in detail

Colorado sportsbooks have dedicated CO sports betting apps that allow you to wager on your favorite sports from home or on the daily commute for those who enjoy betting on the go. There are plenty of betting app promotions to benefit from, and you don’t have to take a trip to a Denver sportsbook to place a bet.

With that said, we have listed the best sports betting options and promotions in CO below:

#1 BetMGM Colorado

BetMGM welcomes new players with a bonus worth up to $1,000. Consequently, players can get their stake back if they lose, removing the pressure of placing that first sports bet. Please note that this only applies to the first bet you make, which is the case for most Colorado sports betting promos. If you lose your first wager, then the operator will add bonus bets to your account. However, if your first bet wins, then your winnings can be withdrawn. Look out for any bonus codes for Colorado online sportsbooks.

Claim the $1,000 Bonus Bet offer at betmgm.com

#2 DraftKings Sportsbook CO

DraftKings is perhaps best known for being a daily fantasy sports site. It has been licensed as a DFS platform in Colorado since 2016. However, residents in the state gained access to the DraftKings when sports betting launched in May 2020. New players who register for a DraftKings account can earn up to $1,000 in deposit bonuses. When you make a deposit, you are eligible to earn $1 in site credits for every $5 deposit, up to a maximum of $1,000. For example, a $5,000 deposit would make you eligible for the top bonus amount.

Please note that the sports betting deposit bonus comes with a playthrough requirement. You receive $1 in site credits for every $25 you bet after depositing. There are 90 days given to meet the playthrough requirement to take advantage of this bonus. You are rewarded in proportion to how much you bet and deposit. Consequently, you should wager and deposit at sustainable rates.

Claim the $1,000 Deposit Bonus offer at sportsbook.draftkings.com

#3 FanDuel Sportsbook Colorado

FanDuel Colorado, like DraftKings, is a well-known daily fantasy sports provider that entered Colorado’s legal sports betting industry. New players can currently take benefit from a $1,000 bonus bet. Although this may seem less favorable than Caesars Sportsbook’s welcome bonus, it is still a fantastic offer for most bettors. Any bet that gives you your stake back with no complicated wagering requirements is an attractive proposition.

FanDuel also has an excellent same game parlay feature where you can combine your favorite wagers for one game to get a large payout. If you wanted to bet on a Colorado Rockies game using this form of betting, you can add some excitement to the contest.

Claim a $1,000 no-sweat bet today at fanduel.com/sportsbook

#4 PointsBet Sportsbook CO

You can claim 5 x $50 second chance bets when joining the PointsBet CO sportsbook. This Australian operator has a unique spin on the sign up offer. Players must still use this bonus on their first wagers. However, you can choose to use it on a PointsBet or a fixed-odds wager. Fixed-odds bets are classic game lines with set odds. PointsBet Colorado has a wide range of options for significant events like the Super Bowl or NHL playoff games.

However, their unique PointsBetting allows you to make exact predictions about point spreads and point totals. The potential reward multiplies depending on how accurate you are. However, you risk losing more, too. So, if you want to make exact over/under and point spread predictions, you should try PointsBetting.

Claim the 5 x $50 Second Chance Bet offer at pointsbet.com

#5 Caesars Sportsbook Colorado

Caesars Sportsbook is the result of a significant rebrand that occurred following Caesars Entertainment’s acquisition of William Hill. An element of that rebrand was a first bet on Caesars up to $1,250. You can bet up to $1,250 on your first bets, and if your bet doesn’t win, you’ll get 100% of your stake back as a bonus bet. On top of this great offer, win or lose, you will also get 1,000 Reward Credits and 1,000 Tier Credits which are part of Caesars rewards program. This offer must be redeemed within 30 days from the date it’s awarded.

Get your first bet on Caesars up to $1,250 at caesars.com/sportsbook-and-casino

#6 BetRivers Colorado

Colorado became the fourth state to welcome the BetRivers sportsbook app after it launched in Illinois, Indiana, and Pennsylvania. BetRivers is operated by Rush Street Interactive, the same company that operates SugarHouse Online.

Numerous perks and benefits are available for players who sign up for a BetRivers account. This includes a 100% sportsbook match bonus worth up to $500. The operator will release $1 in site credit for every $1 that bettors wager. Additionally, BetRivers runs a loyalty program called iRush rewards, which is perfect for bettors who consistently wager large amounts of money.

Claim the $500 Second Chance Bet offer at betrivers.com

#7 Betfred Colorado

Betfred made its name in Europe and partnered with Saratoga to launch its online sportsbook in the Centennial State. Betfred was named an official partner of the Denver Broncos, making them an excellent option for loyal Broncos fans. Currently, new players can claim a $1,002 first bet match offer after registering with the Betfred app. This offer comes with a minimum deposit requirement of $10.

Claim the $1,002 bonus bet promo at betfredsports.com

The above sites all offer an excellent Colorado sportsbook promo. However, there are also some good options that didn’t quite make the list. The Barstool Sportsbook (Penn National Gaming), Elite Sportsbook, SI Sportsbook (Sports Illustrated), FOX Bet Sportsbook, and theScore Bet all offer generous sportsbook bonuses for Colorado bettors.

Types of Online Sports Betting Bonuses in Colorado

Existing players can benefit from sports betting promotions offered at many of the Colorado sports betting sites. You should always keep your eye on new offers that pop up on the promotions tab of all sports betting sites. The most common types of promos are listed below.

No-Deposit Bonuses

These are small promos that you receive upon signing up. However, they appear in the form of site credits too. They are not free cash for you to withdraw and use as you please. You must choose those credits to bet at your sportsbooks or forfeit them. These offers are usually not larger than $50, so they won’t change your world. However, they are a nice introduction for new bettors who are maybe a little nervous, as the sportsbooks hope they’ll wager more after using these first site credits.

Bonus Bets (Previously called Risk-Free Bets)

It may sound slightly confusing, but bonus bets required you to risk your money first. Risk-free bets reimburse you for how much you lose on your first wager. The term risk free bets is no longer used in marketing by sportsbooks and regulators are moving away from the term.

Bonus bets are the new name for the offer, but the idea behind it is still the same. The amount advertised is typically the maximum bet that you can be reimbursed in full for. For example, a $300 bonus bet often means you can lose $300 on your first bet, then get that money refunded in site credits. However, you cannot withdraw the site credits, and you can only get your winnings in the bank.

Deposit Bonuses

On the surface, deposit bonuses appear to be the most appealing. They reward you for how much money you throw in upfront. Operators seem to know that bettors who deposit money will use it, so it is in their interest to make it attractive for them to deposit large amounts. Deposit bonuses are given as a percentage. A 15% deposit bonus awards 15% of a user’s deposit in site credits. So, a $100 deposit would earn $20 in site credits. Always look out for wagering requirements and pay attention to the terms and conditions.

How to claim the Colorado Sportsbook Promotions

The good news is, claiming your welcome bonus when you sign up for a new sportsbook account in Colorado is straightforward. Some operators may require you to opt-in for the opening offer, so make sure you do this if you want to benefit from free cash or bonus bets. For example, if you decide to sign-up for an account on the BetMGM CO Sportsbook, as soon as your registration has been confirmed, your account will be credited with a bonus bet worth up to $1,000.

Some sites may ask you to enter a unique betting promo code to access their sign-up bonuses. If this is the case, you can simply search for the latest promo codes available for your sportsbook. We have a range of the newest promo codes for the best sportsbooks in Colorado. If you use our exclusive links and sign up today, enter the associated promo code, and you can access the welcome bonus instantly.

You can also benefit from ongoing promotions when you have created your account and claimed the welcome bonus as a new player. The best sportsbooks in Colorado offer weekly promos such as odds boosts and player parlays. Make sure you check the promotions tab of your chosen sportsbook to keep up to date with the latest promos.

What sports can you use the bonuses on?

Some bonuses are specific to a particular sport. For example, you may see an odds boost that has to be used on an NFL or NBA game. However, unless stated otherwise in the terms and conditions, you can use your welcome bonus on any sport you choose. With this in mind, you may want to check out the latest Football betting promo codes.

If you sign up and claim a bonus bet, the wager should be eligible for all of the significant sports. Again, the operator may state in the terms that a bonus can only be used on a certain sport or competition, but otherwise, they are available to use on your favorite sport.

Big teams to bet on in Colorado

Colorado is home to some of the most well-known professional and college sports teams in the nation. Bettors can wager on their hometown teams to add an element of excitement to watching them play. Let’s take a look at the big teams you can bet on in the Centennial State.

Denver Broncos

The Broncos compete in the AFC West division of the NFL. They play their home games at the Empower Field at Mile High and are one of the most storied franchises in NFL history. They have won eight AFC championships and three Super Bowl championships. They are currently going through somewhat of a rebuild but have some young stars on the roster that locals will hope will bring the good times back.

Denver Nuggets

Established in 1967 as one original ABA squads, the Nuggets have forever been labeled as a team “on the rise.” After losing in the 1976 finals, Denver became part of the NBA and since then has consistently appeared in the playoffs. However, the team has never reached the NBA finals but stars Jokic and Murray are looking to change that immediately.

Colorado Avalanche

The Avalanche may not be the most historical NHL franchise, but they are looking to make their own history. Colorado was successful in its very first season, capturing the 1995-96 Stanley Cup for its rabid fanbase. They are currently a young, dangerous team and are looking to build on their excellent 2019-20 campaign.

Colorado Buffaloes

The Colorado Buffaloes are a group of teams that represent the University of Colorado. There are 17 varsity sports teams, and both the men’s and women’s teams are called the Buffaloes. College sports are extremely popular in Colorado, and bettors can wager on the college sport of their choice.

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