Online sports betting in Colorado continues to grow as sports betting apps emerge. These online sportsbooks have tons to offer for new customers, enticing them to explore deals, place bets on their favorite games and players, and win big!
We're here to share sites and apps where you can find the best online Colorado sportsbook promos. Extend your bankroll and focus on what truly matters - the thrill of online sports betting!
This article has everything from the newest Colorado sports betting bonus to other promos, tips, and more!
Colorado Sportsbook Promos: First Look
From bonus bets to additional cash back, there are tons of Colorado sportsbook promo codes and offers new players can take advantage of. Our team scoured different legal online sportsbooks to find the best offers that will make it easy to bet on your favorite games! Here's a look at some of the best bonus bets, no deposit bonuses, deposit match Colorado betting promos, and more offers in the Centennial State.
BetMGM Colorado Promo – Welcome Offer
The best promo for new Colorado sports bettors is BetMGM's risk-free $1,500 bet. This Colorado sports betting promo is the most generous compared to other online sportsbooks. However, we also looked at different online sports betting sites to explore.
Here's a breakdown of welcome offers, bonus bets, and deposit match offers you can expect to find in the state.
- BetMGM: $1,500 Risk-Free Bet. This is by far the most lucrative and rewarding, in our opinion, and an excellent way for sports bettors to get started in online sports betting.
- Fanatics: Earn 10% back in FanCash on all bets, win or lose! This is the reward that keeps on giving, whether your qualifying bet wins or loses.
- Bet365: Bet $5, get $150 in bonus bets or a $1,000 safety net. The option to choose between bonus bets and risk-free betting can be rewarding!
- FanDuel: Bet $5 and get $150 in bonus bets if your bet wins. Similar to DraftKings, this is excellent for players with tight bankrolls.
- DraftKings: Bet $5 and get $150 in bonus bets if your bet wins. Low minimum deposit bonuses like this one are fun and accessible.
- Bet Rivers: $250 bonus bet your first bet loses. This deposit match is up to $250 and only requires a $10 minimum deposit.
Top CO Sportsbook Promos and Bonuses
Online sportsbooks are a dime a dozen and will continue to grow as the Colorado Division of Gaming issues more licenses. With so many sportsbooks, it can be difficult to find which Colorado sportsbook bonus offers are worth signing up for.
We've narrowed down the best Colorado sportsbook promos based on how easily accessible they are, how rewarding they can be, and how easy it is to access these promotions. We think the easier it is to access your sportsbook bonuses, the better!
BetMGM Colorado Promo – $1,500 Risk-Free Bet
In looking at different welcome bonus offers, we found that BetMGM offered the most rewarding for new customers. This new welcome bonus allows players to earn back their initial wager up to $1,500 if their bet doesn't win!
This offer will be given out within 7 days, meaning you don't have to wait for long before being able to place more bets. We also like that BetMGM has several different payment methods accepted, and all are available instantly. These payment methods include credit and debit cards, PayPal, Skrill, PayNearMe, and more!
With only a $10 minimum deposit, this is one of the most accessible bets we've also come across. We recommend looking at their terms and conditions when signing up for an account.
Fanatics Colorado Promo – 10% Back in FanCash Win or Lose
Fanatics is one of the most unique Colorado sportbooks we've encountered. Their Colorado sports betting promo isn't just for new users. They're known for their generous VIP program which allows users to earn back 10% of their bets in FanCash!
Fanatics was once known for their sports gear. Now, Colorado sports bettors can use FanCash to buy that familiar, high-quality sports memorabilia from the Fanatics store.
What we were impressed with most was that this offer is available whether or not your bet wins or loses! While other sportsbook promo offers only award users if your first bet wins or loses, having the option to award both scenarios means more cashback for you. FanCash can also be used on bonus bets, which we think is even more rewarding for players.
Bet365 Colorado Promo – Bet $5, get $150 in bonus bets or $1,000 safety net
Bet365 is one of our favorite Colorado sports betting sites, with a wide range of sports betting markets to choose from. Niche Colorado bettors can explore different sports including:
- Rugby
- Table tennis
- Snooker
- Cricket
- Badminton
- and more
It isn't just their niche games that make this sportbook one of favorites. This is one of the only sports betting sites that offers two different options for their first deposit bonus. The first option allows players to earn $150 in bonus bets as soon as they bet $5 and their bet is settled.
We like the fact that you can get your $150 in bonus bets even if your $5 bet wins or loses. Other sites are generous enough to offer $150, but only if a bet wins or loses (not both like Bet365). Players also have the option of using an up to $1,000 safety net from Bet365. This safety bet is a great option for those new to using sportsbook Colorado sites.
FanDuel Colorado Promo – Bet $5, get $150 in bonus bets if your bet wins
FanDuel is one of the most trusted legal online sports betting platforms in Colorado and nationwide. They offer a standard bet of $150 in bonus bets if your $5 bet wins. While this is on par with other online betting sites, what sets it apart is the ease with which you can access FanDuel Colorado sportsbook promos.
All you have to do is follow the steps below:
- Log in to your account and verify your identity
- Select the "Promotions" tab
- Add the promotion to your account by claiming it on the promotions tab
- Place your wager of $5. That's it!
If your wager wins, you'll get $150 to use on any bet of your choice. If your bet loses, don't worry. This is also one of our favorite Colorado betting bonuses, since it also includes 3 months of NBA league pass. Even if your first sports betting wager loses, you can still enjoy the excitement of basketball for free thanks to FanDuel.
DraftKings Colorado Promo – Bet $5, get $150 in bonus bets if your bet wins
DraftKings stands out among other online sportsbooks as a highly reputable, solidified, and rewarding platform for novice and experienced sports bettors. Their Colorado sports betting bonus is standard, easy to access, and rewards players simply for betting!
You don't need any Colorado sportsbook promo codes to get your welcome offer. All you have to do is sign up for an account, head over to the "promos" tab, and deposit $5 to get access to your bonus bet. While it doesn't include 3 months of NBA pass, we'll let it slide since this is one of the easiest Colorado sports betting bonuses to access.
Bet Rivers Colorado Promo – $250 bonus bet your first bet loses
Bet Rivers is another one of our favorite Colorado sportsbooks, thanks to its niche selection of sports like esports and even darts and gaelic sports. They have one of the best Colorado sportsbook promos in the game, with $250 paid if your first bet loses.
With these types of paybacks, only the winnings (or profit) from your bets are eligible to withdraw, while the $250 itself is not eligible for withdrawal. Still, this is one of the best Colorado sportsbook promos that can be easily accessed by using the code SPORTS when inputting your first deposit.
Unlike other Colorado sports betting promos, this welcome bonus is also not subject to a minimum wager. Whether you want to bet $5 or $250, all of these bonus bets will be rewarded to you if your first bet loses. The added reward makes this a good choice for those who want to experience sports betting without wasting too much of their cash.
>> Check BetRivers review
Overview of Sportsbook Promos in Colorado
Colorado's sports betting market is unlike any other since legal sports betting launched in May of 2020. Colorado sportsbooks are fast-changing and have come and gone, such as the recent departure of BetWay and ClutchBet in Colorado.
But, new sports betting platforms like Caesars Sportsbook and Sporttrade continue to entice new and experienced Colorado bettors alike. These Colorado sports betting apps face stiff competition against each other.
This is great news for players, since the more enticing Colorado sports betting promos are, the more likely it is players will sign up and play at certain Colorado sportsbooks. The best Colorado sportsbook promos know how to entice players with sportsbook bonuses like bonus bets, odds boosts, free streaming services, and so much more.
What Are Sportsbook Promos?
Since the Colorado sports betting market continues to grow, now standing at 13 active online sports betting site platforms, it makes sense that these sports betting sites want to stand out among the competition. That's why they offer Colorado sportsbook bonuses for new users.
Think of these Colorado betting promos like a reward just for signing up. These bonus bets, risk-free bets, and other perks give bettors a taste of what it's like to use a certain platform. Enticing, powerful, and rewarding, the best Colorado betting bonuses know how to attract players and make onlookers into loyal customers.
Why Choose a Promo Before Betting?
Choosing which of the many sports betting sites in the state is the best Colorado sportsbook can be tricky for bettors. Every site is unique, and of course, also requires a bit of funds to explore. Since sports betting requires funds, what better way to explore sports betting platforms than with the best Colorado sportsbook promos?
These promotions sweeten the deal by offering perks that extend your bankroll. If you don't want to spend hundreds of dollars simply deciding which sports betting platform to choose from, always opt for a Colorado sportsbook bonus for new players. You'll save money by not having to spend hundreds on different sites, earn back more in bonus bets, get to experience free live streaming services, and more!
How to Sign Up for Colorado Sportsbook Promos
The best Colorado sportsbook promos are those you don't have to spend weeks on waiting for. Instead, most Colorado sportsbooks have made it easy to sign up for an account and get access to your bonus bets.
Here's what typically needs to happen for you to get access to different Colorado sports betting promotions.
- Sign up for an account on the Colorado sportsbook's website or mobile app. This requires an active email address, inputting your first and last name, choosing a unique username and password.
- Verify your identity by providing your date of birth to verify you're over 21 years of age, and submitting any documents like your ID to the Colorado sports betting site you want to use.
- Once your account is verified, make sure to opt-in for any available Colorado sportsbook promotions at sign-up or once you place your initial wager. This could include entering a promo code if necessary.
- Depending on the online sports betting sites' promotion, you may need to make an initial deposit to receive bonus bets or other rewards. Your qualifying wager will be different depending on the promo.
- Always read the terms and conditions of each Colorado sportsbook promos before signing up or making a deposit to ensure you understand how it works and what the requirements are for receiving rewards.
- Check when your bonus bets expire and take advantage of other promotions and bonus bets too!
Best Colorado Sportsbook Promos Available to Existing Users
Sportsbook bonus offers aren't just for new users - many Colorado sportsbooks also have ongoing promotions available to existing users. These can range from free bonus bets, odds boosts, and cashback offers just name a few. Here are some of the best ongoing promos for existing users you can find on Colorado sports betting sites.
Welcome Bonuses for New Bettors
Whether it's matching your initial bet or giving you a risk-free bet, welcome bonuses are a great way for new users to get started with online sports betting. Most Colorado sportsbook promos for new users include $150 or even $200 in bonus bets with a small initial deposit. Keep an eye out for special promo codes to enter during sign-up, deposit matches up to $1,500, and other lucrative offers for new bettors.
No-Deposit and Risk-Free Bets
Even if you have a good bankroll to play with, doesn't it feel good to place a bet without risking any of your own money? No-deposit and risk-free bets are the perfect way for new users to test out a sportsbook and see how they like the platform before committing any hard cash.
These no-deposit promotions typically give you a free bonus bet without requiring any initial deposit, while risk-free bets will reimburse you for your first bet if it loses. Even if you don't win, it's still a win-win situation!
Boosted Odds & Profit Boosts
For those who want to simply earn more without lifting a finger, it's worth exploring boosted odds and profit boosts. The best Colorado sportsbooks offer daily odds boosts on popular games, such as NFL or NBA games, giving you the chance to win bigger payouts without increasing your risk.
Profit boosts are another great option that increase your potential winnings by a certain percentage. For example, if you have a 25% profit boost and place a $100 bet, your potential winnings would increase to $125. Again, they're free to join and differ based on sport, league, events, and more.
Deposit Match Bonus
Deposit match bonuses reward both new and existing users with additional funds when they make a deposit. Think of this sportsbook promo like doubling your money!
While deposit matches are only up to a certain amount, such as 200 in bonus bets, they can make a huge difference in your bankroll. Make sure to read the terms and conditions carefully as there are often wagering requirements or minimum odds that must be met before you can withdraw your bonus funds.
Loyalty and Rewards Programs
For those who plan to stick around with one sportsbook for a while, it's worth looking into their VIP program. These programs reward loyal players with various perks such as free bets, exclusive promotions, faster withdrawals, and more.
Some even offer tiered levels where you can climb up the ranks by earning points through placing bets, such as Bet Rivers' iRush Rewards. These are the best types of Colorado sportsbook promos that keep on giving, and can make or break a sports betting site for users!
How to Claim Colorado Sports Betting Promos
It's a no-brainer that sports bettors want to take advantage of all the promotions and bonuses offered by Colorado sportsbooks. But how do you actually claim them? Here are some quick steps to help you out.
Opting-In
Not all promotions are automatically granted to players. Many sites, like FanDuel and DraftKings, require players to claim promotions through their "promotions" or "promos" tab. Then, you can claim the offer or opt-in, and have it at the ready on your bet slip.
Unfortunately, if you forget to opt-in, you won't receive the promotion. Make sure to always check the "promotions" tab and claim them before placing your bets!
Promo Codes
Colorado sportsbook promo codes can be used either when you sign up for an account or when you make a deposit. During the sign-up process, you'll be prompted to enter a promo code, and if you have one, make sure to enter it correctly.
During depositing, some sites may require you to enter a promo code in order to receive the bonus. If your promo code is expired or otherwise not working, we recommend contacting customer support for help.
Colorado Sports Betting Promotions Terms & Conditions
It's not enough to simply claim your Colorado sportsbook promos. Players also need to make sure they read the terms and conditions of their bonus bets, deposit matches, and other welcome offers. Don't worry, it's not as complicated as it sounds! Here are some important factors to consider when reading through the terms and conditions.
Minimum Odds
Minimum odds are the odds required for players to bet on to qualify for a bonus. For instance, a minimum odds in sports betting might be -300, meaning that any odds lower than -300 won't qualify for the bonus.
It's important to check the minimum odds requirement before placing your bets in order to ensure you are eligible for the promotion. Generally, the more generous the promotion, the higher the minimum odds will be.
Playthrough Requirements
Many bonus bets will only allow users to withdraw their profits and not the bonus cash itself. However, for Colorado sportsbook promos that do allow you to cashout on bonus bets, you'll need to meet minimum playthrough requirements.
For instance, if you got a $250 bonus bet with a 10x playthrough requirement, you would need to place bets totaling $2,500 before the bonus cash becomes available for withdrawal. Playthrough requirements can vary greatly, with some being as low as 1x and others reaching up to 25x or more.
Time Limits
Most welcome offers, bonus bets, odds boosts, and profit boosts are only available for a limited time. It's important to read the terms and conditions of any promotion carefully to know when it expires.
Often, players will only have a certain number of days from the point of registration or deposit to claim their bonus bets before they expire. General welcome bonus offers and seasonal offers also typically have an expiration date during the year.
How to Turn Colorado Sportsbook Promos into Real Cash
If you think bonus bets instantly turn into cash, unfortunately, that's not the case. Instead, you'll need to follow promotional terms and conditions before these bonuses turn into hard-earned cash. Most Colorado sports betting sites won't pay the bonus bet itself out to players. Instead, any profits (known as winnings) earned from the bonus bet will be available for withdrawal.
You'll also need to follow playthrough requirements, which can vary greatly depending on the promotion. It's essential to understand these requirements before claiming a bonus bet so that you know what it takes to turn it into real cash.
The best Colorado sportsbook promos will have low playthrough requirements on bonus bets, like Bet Rivers' 1x playthrough requirement. The faster you can wager and meet playthrough requirements, the sooner your bonus cash will be available for withdrawal.
Responsible Sports Betting with Colorado Promos
As fans of online casino gaming and sports betting, we know how enticing and exciting these Colorado sportsbook promos can be. While it's essential to take advantage of these promos, it's also important to do so responsibly.
Playing within your means and setting limits for yourself is crucial when using promotional offers. Here are some tools you can use if you feel like you need help managing your sports betting.
Self-Exclusion Options
Self-exclusion is one of the best ways to prevent you from overspending on sports betting sites. It allows you to restrict access to your sports betting account for anywhere from a few days to several years.
During the self-exclusion period, you will not be able to place bets or participate in any promotional offers. Most Colorado sportsbooks offer self-exclusion options that can be easily activated by contacting customer support. You can also contact the Colorado Division of Gaming to self-exclude.
Deposit and Time Limits
Self-exclusion might be a good tool for worst-case scenarios. Luckily, deposit and time limits are also good options for those who want to keep an eye on their sports betting and spending habits.
Deposit limits can be per deposit, daily, weekly, or monthly. These limits can be set through your account settings or by contacting customer support.
Time limits, on the other hand, restrict the amount of time you are allowed to access and use your sports betting account. These time limits are often for daily use, but can be set up differently as well.
Conclusion: Selecting the Best Colorado Sportsbooks
Nothing is better than taking advantage of the best Colorado sportsbooks offers, bonus bets, cash back, and other perks. However, always remember to play responsibly and don't let yourself get carried away with promotions or bonuses.
Use self-exclusion options and deposit and time limits to keep your betting under control. And most importantly, have fun while betting on your favorite sports teams!
Keep an eye out for new and upcoming sportsbooks in Colorado, as the market continues to grow and offer even more exciting bonus bets, no deposit bonuses, odds boosts, and other sports betting promos for avid bettors. With these Colorado sportsbook bonuses, you can extend your bankroll, explore new teams, sports, and betting options, and enjoy the excitement of rooting for your favorite teams while also potentially winning big!
Colorado Sportsbook Promos FAQs
What Is the Best Sportsbook That Offers Free Bets in Colorado?
BetMGM has perhaps the highest-paying Colorado sportsbook promo code, with a $1,500 risk-free bet for new users. This offer allows you to place a bet of up to $1,500 and receive the full amount back in site credit if your bet loses.
How Old Do You Have to Be to Claim Colorado Sports Betting Bonus?
All players must be 21 years or older to sign up for an account and be eligible for legal online sports betting promos in Colorado. Do not let any minors sign up for and claim bonus bets under your name, as this is illegal.
Should I Claim Offshore Sportsbook Promo Codes in Colorado?
Unfortunately, offshore sportsbooks don't have the same protection given by the Colorado Division of Gaming and other licensed sportsbooks. Stick with authorized and regulated sportsbooks in Colorado for safe and secure betting.
