Best Colorado sportsbook promos and betting bonuses

The top sportsbook brands in Colorado all offer you a bonus for setting up a new account and betting with them. Once you've got your account, you'll have access to lots of regular odds boosts and promos to keep your action there.

Here’s how to claim the best Colorado sportsbook promos from each of the top betting sites.

Top Colorado sportsbook promos for 2024

You’ll find all of the best sports betting sites in the US right here in Colorado. Here are the active offers for in-state bettors.

Best Colorado Sportsbook promo codes

FanDuel Colorado promo code 

Use the links on this page to claim your welcome bonus from FanDuel Sportsbook Colorado: bet $5, get $150 in bonus bets if you win. You also get three free months of NBA League Pass just for signing up and making a deposit.

See more: FanDuel vs. Caesars

Bet365 Colorado promo code

Here is Bet365's offer to new customers in Colorado: 

Bet $5 Get $150 in Bonus Bets + 2 Months of Altitude+ on bet365!

Bonus code THENEWS gets you on your way.

BetMGM Colorado bonus code

Make your first bet of at least $5 with BetMGM Colorado, and you’ll get up to $1,500 paid back in bonus bets if your first bet does not win.

Sign up for your new account using the BetMGM Colorado bonus code SPORTSPICK to take advantage of this easy offer.

*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms

See more:

• BetMGM vs. FanDuel

Caesars Colorado promo code

If you place a first bet at Caesars Sportsbook Colorado up to $1,000 and it loses, you’ll get a second chance with a bonus bet up to the total of your bet. Use the promo code NEWS1000 to claim this offer. Moreover, you’ll be immediately enrolled in the prestigious Caesars Rewards program. 

DraftKings Colorado promo code

DraftKings Colorado offers a generous welcome bonus of up to $1,200. The promotion consists of three parts.

First, you get a 20% deposit match bonus of up to $1,000. Second, after you deposit at least $5, you receive a bonus bet of $50. Third, you get an additional $150 in bonus bets after your first $5 bet + weekly "King of the Court" NBA prop token.  

Sign up for a new account with DraftKings in Colorado via the links on this page to take advantage of this big welcome bonus offer.

Colorado Sportsbook bonuses pros and cons

Types of Colorado sportsbook promo offers

Here are the sports betting bonuses and promotions you’ll find at current and new sports betting sites in Colorado.

Deposit match

This is where sportsbooks match up to 100% of your initial deposit with a bonus. There are size limits, and wagering requirements are often attached. It’s only after meeting these requirements that you can withdraw any winnings.

Referral bonus

Sportsbooks will offer a bonus for getting friends and family to sign up and bet. Whomever you share your referral code with can get the bonus, too. However, wagering requirements are often attached to the bonus, and only after meeting these requirements can you withdraw any winnings.

First-bet offers

This is where sportsbooks offer you a refund up to a limit if you lose your first bet. The refunds are usually bonus bets or site credit, and wagering requirements are often attached. It’s only after meeting these requirements that you can withdraw any winnings. Plus, payouts on bonus bets and site credit don't usually include the stake as with cash bets.

Odds boosts

This is where sportsbooks offer you better than standard odds on a specific bet. The top Colorado online sportsbooks post daily odds boosts, but the value is only achieved when the boosted bets win.

Bet insurance

This is where sportsbooks offer you a refund on losing bets or parlays that fall one leg short. The refunds are usually bonus bets or site credit, and wagering requirements are often attached. It’s only after meeting these requirements that you can withdraw any winnings.

Plus, payouts on bonus bets and site credit don't usually include the stake as with cash bets.

Bet & get bonus

This is where sportsbooks offer you a bonus for betting. You must place a minimum bet on something specific to get the bonus. Wagering requirements are often attached to any winnings.

Plus, if the bonus consists of bonus bets or site credit, the payouts on wins will not usually include the original stake.

App-only offers

This is where a sportsbook offers you a bonus, but only if you for betting on its downloadable sports betting app. That means you cannot use this offer on the sportsbook’s website. It is only available on the app.

Special event offers

This is where a sportsbook offers a bonus for betting on some specific game or event. Think Super Bowl odds boosts or NBA Finals single-game parlay insurance.

Loyalty offers/programs

This is how sportsbooks reward loyal players. They offer free membership in a loyalty program that allows you to earn rewards with every bet. Rewards include cashback, bonus bets, and more.

Suppose the program is connected to a land-based casino or sportsbook loyalty program, like Caesars Rewards. In that case, you can earn and redeem online and at any affiliated casino and sportsbook properties.

Important Colorado sportsbook promo conditions

Most promo and bonus offers from Colorado online sportsbooks have terms and conditions attached. Reading these terms and conditions before claiming any offer is a good idea. These terms tell you what’s required of you. Here are a few stipulations you might see on bonuses. 

Banking options

Terms and conditions may include limited banking options for withdrawing any winnings. You may also be required to deposit before withdrawing any winnings.

Playthrough requirements

Terms and conditions may consist of playthrough requirements you must meet before withdrawing any winnings. That means betting a bonus amount a prescribed number of times first.

Betting limitations

Terms and conditions may include betting limitations, like the type of bet or the odds paid. You must place a qualifying bet to take advantage of the promo or bonus. 

Time limits

Terms and conditions may include an expiration date on the bonus or promo. That means you must claim it and meet all wagering requirements before it expires. These time limits are generally anywhere from 24 hours to 30 days.

Bonus payout time

You can withdraw anything you win with a Colorado sportsbook bonus if you’ve met all the wagering requirements attached. But how quickly you’ll get that money depends on several factors: the sportsbook, the method you used to make your initial deposit, and the sportsbook's standard withdrawal method for customers who have yet to deposit. The operator’s choice method may take longer than your preferred method. 

See more: Top 7 fast paying sportsbooks

Maximum withdrawals

Terms and conditions may include limitations on how much you can withdraw at one time. Win a large amount with your bonus, and if it is subject to such limitations, it will take a bit of time to get all your money.

Colorado sport-specific betting bonuses

Major pro sports teams in Colorado include the Denver Broncos NFL team, the Denver Nuggets NBA team, the Colorado Rockies MLB team, and the Colorado Avalanche NHL team.

The top Colorado sports betting sites know you’re likelier to bet on hometown and home-state favorites. That’s why they run many promos in Colorado surrounding these teams when they’re in season.

The NFL draws more betting than any other sport in the US, which is why you’ll find a lot of NFL betting promos for the Broncos in Colorado. However, there may be just as many NBA betting promos surrounding the Nuggets these days as the franchise just won its first NBA title. NHL betting promos for the Avalanche are common, too.

Given the success of Deion Sanders and the University of Colorado football team, NCAAF betting sites will also run college football betting promos.

How do I claim Colorado sportsbook bonuses?

Claiming any Colorado sportsbook bonus is easy. Sign up for a new account with the Colorado online sportsbook offering the bonus. You may need to do it through the links on this page or using the promo or bonus code you find here. However, that extra step will ensure you get the best bonus available.

Sometimes, you must place a qualifying bet to take advantage of the offer. Read the offer’s terms and conditions before betting to see if that’s the case.

Playthrough or wagering requirements may also be attached. Make sure you bet the bonus amount the prescribed number of times before attempting a withdrawal. Once again, read the offer’s terms and conditions to see what’s required of you.

Colorado sportsbook promo codes FAQ

How many bonuses can I get from one Colorado sportsbook?

You can get only one bonus from each sportsbook. But nothing stops you from signing up for every online sportsbook in the state and getting a bonus from each one.

What sports can I use my bonus on?

You can use your bonus unless the terms and conditions say otherwise. That means you can use a bonus to bet on any sport. Many ongoing promos are sport-specific, but welcome offers aren’t. 

How do I collect winnings from a bonus?

You collect your winnings from a bonus the same way you collect any winnings. Sportsbooks automatically place all winnings in your account. Once you’ve met all wagering requirements, you can withdraw the funds from your account. Sportsbooks process most withdrawal requests using the same banking method you used to deposit. Otherwise, it’ll be up to the sportsbook about how you’ll get paid. 

Why should I use the promo or bonus codes listed here?

The promo and bonus codes here will get you the best bonus available. All you have to do is enter the code when prompted during the registration process. The code tells the sportsbook we sent you there, and you get the bonus listed here.

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