With a total of 19 online sportsbooks available in Colorado, including big names like DraftKings, FanDuel, and BetMGM, the state’s sports betting market offers generous promotions. This guide will showcase sign-up bonuses from top sportsbooks in Colorado and highlight the state’s five best betting offers.
Top CO sports betting bonuses
You must be 21 or older and physically located in Colorado to participate. If you have a gambling problem, please call 1-800-522-4700.
100% Match up to $10 in Bonus Cash
100% deposit match up to $10 in Faceoff bonus cash with a $10 deposit. Users will be credited within 72 hours. Expires December 31, 2024.
Features
- Monthly new customer rewards
- Quick and easy deposits
- Mobile app available
FanDuel Faceoffis a new DFS platform from betting giant FanDuel. This US-based betting platform lets you get started right away with a welcome offer, and various games to play.
Features
100% Deposit Bonus of up to $100
ParlayPlay Review
Once you join the site, you’ll be treated to a two-tier welcome bonus — a $5 no-deposit bonus and a 100% match on your first deposit, up to $100.
Features
Free $3 of Sweeps Coins + 3000 Free Coins
Features
- Free to play social sportsbook
- Mobile only
- Diverse gaming options
Thrillzz a new DFS platform for the free-to-play user. This US-based betting platform lets you get started right away with a welcome offer, and various games to play.
Features
No Sweat First Entry up to $100
Boom Fantasy Review
Boom Fantasy is a DFS platform that began its US operations in 2015. This New York-based betting platform lets you get started with a $100 welcome bonus by entering the Boom promo code.
Features
ThriveFantasy Review
Thrive Fantasy is a daily fantasy sports (DFS) platform launched in 2016. The NY-based operator offers a unique DFS experience, focusing on player props instead of setting salary caps for player drafts.
Features
Affiliate Disclosure: Underscoreg Review may earn advertising commissions when visitors click through to a sportsbook or casino betting site.
Quick links On this page
- Top CO sports betting bonuses
- Promos and Bonuses
- FanDuel ($200)
- DraftKings ($150)
- BetMGM ($1,500)
- BetRivers ($250)
- Caesars ($1,000)
- Fanatics ($1,000)
- Other CO sportbook promo codes
- How we rate and review sports betting promotions
- Colorado sports betting promos quick facts
- Types of Colorado betting sign-up offers and bonuses
- Colorado online sportsbooks
- Colorado sports betting latest news
- Colorado betting resources
- Responsible sports betting with Colorado promos
- Underscoreg promos and bonuses in other regions
- Colorado sportsbook promos FAQs
All Colorado sportsbook promo codes and bonuses
Colorado’s interest in legal online sports betting is clear with 19 active operators competing for market share in the state. Out of these, only five – bet365, BetMGM, BetRivers, Caesars, and SuperBook – require bettors to enter a promo code when making their first deposit.
Some operators, such as Betsafe and Tipico, offer a deposit match bonus, which is a less common type of welcome bonus compared to first-bet insurance or bonus bets.
| Colorado sportsbook | Promo code ✅ | Welcome bonus |
|---|---|---|
| ⭐FanDuel | Claim $200 without code | Bet $5, win $200 in bonus bets |
| ⭐DraftKings | Claim $150 without code | Bet $5, get $150 in bonus bets |
| ⭐bet365 | SBR365 | Bet $5, get $150 in bonus bets or $1,000 first bet |
| ⭐BetMGM | SBRBONUS | Up to $1,500 in bonus bets |
| ⭐BetRivers | SBRBONUS | $250 second chance bet |
| ⭐Caesars | SBRBONUS1000 | $1,000 first bet on Caesars |
| ⭐SuperBook | SUPERBOOK | $250 first bet bonus |
| ⭐Bally Bet | Claim $550 without code | $550 second chance bet |
| ⭐Betfred | Claim $105 without code | $105 on Fred |
| ⭐BetMonarch | Claim reward without code | Reward points |
| ⭐Betsafe | Claim $500 without code | $500 deposit match |
| ⭐Betway | No bonus | No Offer |
| ⭐Circa Sports | Start without code | High limits |
| ⭐ClutchBet Underscoreg | Claim $50 without code | Bet $10, get $50 |
| ⭐ESPN BET | Claim 1,500 without code | Up to $1,500 in bonuses |
| ⭐Fanatics Underscoreg | Claim $1,000 without code | Up to $1,000 in bonus bets |
| ⭐SBK | Claim $100 without code | Bet $20, get $100 |
| ⭐Sky Ute | Claim reward without code | Rewards program |
| ⭐Tipico | Claim $250 without code | 100% deposit match up to $250 |
Gambling Problem? Call 1-800-GAMBLER
The welcome bonuses are just the beginning when it comes to Colorado sports betting. Here are my top six favorite sportsbooks in the state, with a closer look at the sign-up offers and their value.
1. FanDuel CO welcome offer 🔵
This offer is exclusive to new customers. Simply deposit a minimum of $5, place your first bet of $5 or more, and if your bet wins within 72 hours, you will receive $200 in Bonus Bets.
The top online sportsbook in Colorado is offering a special welcome bonus for new players. FanDuel has a promotion where players can win $200 in bonus bets by placing a $5 qualifying wager on any betting market. No promo code is needed to take advantage of this offer. Additionally, FanDuel provides great Big Game boosts and a variety of prop bets for players to enjoy.
- Available via the FanDuel app only.
- Minimum deposit of $5 is required.
- Make an initial wager of $5 or more. If you win, FanDuel will credit your account with $200 in bonus bets.
- Bonus bets will hit your account within 72 hours of your first wager settling.
- Bonus bets must be used within seven days.
| Pros | Cons |
|---|---|
| ✅ Low initial risk required | ❌ Quick expiry |
| ✅ Bonus can be split into multiple bets | ❌ Available in the app only |
| ✅ Only a $5 min deposit required | ❌ First bet must win |
Why this FanDuel bonus is better than others
While other Colorado sportsbooks may provide comparable deals, FanDuel’s welcome bonus stands out as exceptional value. Receiving $200 in bonus bets for a mere $5 risk is undeniably one of the most lucrative offers I have encountered.
2. DraftKings CO welcome offer 👑
Terms and conditions apply.
Newcomers will love DraftKings’ welcome bonus, which offers $150 in bonus bets when you bet $5, with no promo code needed. DraftKings also offers some of the best super boosts for major events like the Super Bowl and March Madness.
- You must deposit and place a qualifying wager of $5 or more on any sport
- You’ll get the $150 reward instantly
- The bonus funds will come in six (6) $25 increments to be used on future wagers
- Bonus funds must be used within seven days
| Pros | Cons |
|---|---|
| ✅ No promo code required | ❌ Relatively small maximum value |
| ✅ Only a $5 initial wager needed | ❌ Seven days to use bonus |
| ✅ Good for new players | |
| ✅ Easy to read terms and conditions |
What does the promo mean for you?
Making a $5 deposit and placing your first bet will result in receiving $150 in bonus funds, regardless of the outcome of the bet.
How much money can be earned with the promo?
The amount of money you can earn through this promotion is based on how successful you are as a bettor. If you win your qualifying bet and subsequent bets using the bonus funds provided, you can make a significant amount of money immediately.
Why this bonus is better than others
DraftKings offers a low-risk welcome bonus that allows new users to try out the platform by staking just $5. Regardless of the outcome, users will receive $150 in bonus bets to use on the sportsbook. This provides a great opportunity for users to decide if they want to continue using DraftKings long-term.
3. BetMGM CO welcome offer 🦁
The bonus bets must be used within 7 days. This offer is valid for new customers only and is subject to additional terms and conditions.
New players at BetMGM can take advantage of a four-figure first-bet insurance as their welcome offer. Dubbed the “King of Parlays,” BetMGM will cover your first bet up to $1,500 in case it doesn’t win. Simply use the BetMGM bonus code SBRBONUS when making your first deposit to claim this offer.
- Minimum deposit of $10.
- Your first bet must lose to earn welcome bonus insurance funds.
- If your first bet wins, no bonus monies are received.
- The $1,500 will be credited within 24 hours of your first bet settling
- Bonus credits are divided into five equal bonus bets. So, a $1,500 first bet loss would be converted into five (5) $300 bonus bets.
- If first bet was less than $49, bonus bets will be issued as a single credit.
- You must use the bonus within seven days.
| Pros | Cons |
|---|---|
| ✅ Low minimum deposit | ❌ First bet must lost |
| ✅ First bet insurance for new players | ❌ Bonus bets expire in a week |
| ✅ Highest total dollar value bonus |
Why this BetMGM bonus is better than others
It is rare to find a welcome bonus worth $1,500, making BetMGM stand out in terms of total value. For those looking to place a substantial first bet in Colorado, I highly suggest taking advantage of BetMGM’s first-bet insurance offer.
4. BetRivers CO welcome offer ⚡
Terms and conditions apply.
Recently, BetRivers has made some changes to its welcome bonus. The popular sportsbook from Rush Street Interactive now offers a second chance bet worth up to $250. To take advantage of this offer, bettors must remember to enter the BetRivers bonus code SBRBONUS when making their initial deposit.
- Minimum deposit of $10 is required.
- First bet must lose to earn first bet insurance.
- Bonus funds will be added to your account within a day.
- Odds restrictions do apply when using bonus funds.
- Bonus must be wagered on events with odds of -200 or longer.
| Pros | Cons |
|---|---|
| ✅ Low minimum deposit required | ❌ First bet must lose to earn |
| ✅ Allows first bet to be more aggressive | ❌ Odds restrictions on the bonus bet |
| ✅ Bonus funds hit quickly |
Why this BetRivers bonus is better than others
The BetRivers bonus terms closely resemble those of BetMGM, with the only difference being a lower maximum bonus total. However, most bettors are unlikely to start off with $1,500 bets, making BetRivers’ $250 Second Chance Bet suitable for the majority of bankrolls.
5. Caesars CO welcome offer 🏛
Terms and conditions apply.
Caesars rarely updates their offer, but it’s not an issue because they have one of the top deals in the industry. New customers can take advantage of a promotion for up to $1,000 on their first bet at Caesars. Simply use the promo code SBRBONUS1000 when signing up.
- Minimum deposit of $10.
- Make your initial bet within 30 days of opening your account.
- First bet must lose to unlock first bet insurance.
- Bonus funds will be credited to your account within 48 hours of the first losing bet settling.
- You must use all bet insurance bonus funds in a single wager.
- You must use the bonus fund within 14 days.
| Pros | Cons |
|---|---|
| ✅ High-value bonus | ❌ First bet must lose |
| ✅ No odds or market restrictions | ❌ Quick expiry date |
| ✅ Great for veteran bettors | ❌ Can’t withdraw as cash |
Why this Caesars bonus is better than others
While BetMGM’s first-bet insurance offer may be lower than BetRivers, it still surpasses the latter. Additionally, Caesars includes one of the top loyalty rewards programs in the industry, making this welcome offer an obvious choice for new Colorado bettors.
6. Fanatics CO welcome offer 🧢
Terms and conditions apply.
Although Fanatics is a newcomer to the sports betting industry, its welcome offer competes with established brands. New customers can receive bonus matches on wagers up to $1,000 without needing a promo code.
- Minimum $5 wager requirement.
- Receive your bonus match payout whether your wagers win or lose.
- Score up to $200 in bonuses in the first five days following account creation, totaling $1,000 in bonus credits.
- No opt-in is required on day one, but you must opt-in before wagering on each of the following days.
- Missing a day loses your bonus opportunity for the day.
- Bonuses expire after seven days.
| Pros | Cons |
|---|---|
| ✅ Bonuses sent win or lose | ❌ Daily opt-in required |
| ✅ Gain up to $1,000 in bonuses | ❌ Bonuses expire quickly |
| ✅ $5 minimum wagers | ❌ Can’t withdraw bonuses |
Why this Fanatics bonus is better than others
Not many sportsbooks provide welcome bonuses as high as $1,000, but Fanatics does. Although the process to get the full bonus amount may be a little complicated, there are advantages to spreading out your bonus match bets over five days.
Other CO sportbook promo codes
We have thoroughly discussed the top six CO sportsbook promotions, but there are a few more that are still worth exploring. Take a look at these additional options for more bonus opportunities.
How we rate and review sports betting promotions
Our team of editors conducts unbiased reviews and evaluations of every Colorado online sportsbook and sports betting app, focusing on quality, safety, and user experience. We also carefully assess the promotions offered by operators to both new and existing players. It is important for users to research and consider all aspects before choosing a sportsbook, and the quality of promotions is a key factor in making an informed decision. Key areas of focus include:
- The sign up offers minimum and maximum value.
- Is a minimum deposit required to earn the bonus? If yes, how much?
- Is the welcome bonus guaranteed?
- What kind of bonus is being offered: Deposit match, bonus bet, or first bet insurance?
- Is a promo code required to activate the offer?
- What are the playthrough requirements or terms and conditions needed to collect the offer?
- Does the welcome bonus have an expiration date, and how long is it?
Colorado sports betting promos quick facts
| CO apps launch date | May 2020 |
| ➡️ Legal betting age | 21+ |
| Sports betting apps | 19 |
| Do promos require codes? | Sometimes |
| Can you withdraw bonus funds? | No |
| Best CO bonus | Bet $5, get $150 on bet365 |
| Biggest CO bonus | BetMGM: Up to $1,500 in bonus bets |
| Available bonus types | All types |
| Online casinos | No |
| Online poker | Yes |
| eSports betting | Yes |
| ☎️ CO problem gambling hotline | 1-800-GAMBLER |
| Gambling Addiction Counseling | Yes |
| CO regulator | Colorado Division of Gaming |
Types of Colorado betting sign-up offers and bonuses
In Colorado, BetMonarch, Circa Sports, and Sky Ute do not provide new players with sign-up offers or bonuses, making it difficult for them to compete with FanDuel, DraftKings, and other operators. Instead, these three operators focus on loyalty rewards as their most player-friendly promotions. On the other hand, the most common sign-up bonuses offered by other online sportsbooks in the state are bet bonuses and first bet insurance.
Deposit match bonus
The deposit match bonus is the most appealing sign-up offer because new players receive bonus funds regardless of the outcome of their first bet or whether they place a bet at all.
An instance of this would be a 100% deposit match up to $500, where a new player depositing $500 would receive a $500 bonus, totaling $1,000 in their account. Another example is a 50% deposit match up to $1,000, where a $2,000 deposit would earn a $1,000 bonus, resulting in $3,000 to begin with. Although this bonus is the most gratifying among sign-up bonuses, it is becoming harder to come by as the market becomes more crowded with operators.
Bonus bets
Some of the top sportsbooks in the industry prioritize bonus bets over deposit matches or first bet insurance. In order to access the bonus bet funds, new players are usually required to make a minimum deposit of around $10 and sometimes place a small initial wager.
At times, bonus bets may be divided into smaller increments, such as eight (8) $25 bets from a $200 bonus. Alternatively, the full value of the bonus bets can be used for a single future wager in some instances.
If a sportsbook offers a $200 bet bonus to new players, they may need to deposit $10 and place a $5 first-time wager before receiving the bonus. Once the initial bet is settled, the $200 bonus will be added to the player’s account. The bonus can be used on any future bet. Keep in mind that there may be terms and conditions, as well as playthrough requirements, that must be met before requesting a payout.
First bet insurance
More operators are offering first bet insurance to attract new players. In order to receive any welcome bonus funds, your initial bet must be unsuccessful. This allows you to take a more daring approach with your first bet, knowing that there is a safety net in place.
One example is Caesars offering first-bet insurance up to $1,000. If you bet $1,000 on your first bet and win, you receive a substantial increase to your bankroll. However, if your first bet loses, Caesars will credit your account with $1,000 in bonus bets. It is important to note that bonus bets from first-bet insurance promotions have a short expiration date and cannot be withdrawn as cash.
Referral bonus
In addition to welcome bonuses, sportsbooks frequently provide ongoing promotions. One popular type is a referral bonus, which allows you to receive additional benefits such as a bonus bet or cashback by inviting your friends to join the sportsbook.
Find out how to earn a bonus by referring friends to a sportsbook platform through our comprehensive guide. Simply share your unique code or referral link, and if someone signs up and makes a deposit using your information, you’ll receive a reward. Check out our guide to find the platform with the best sportsbook referral bonus.
Colorado online sportsbooks
Colorado has the highest number of legal online sportsbooks in the United States, with 19 currently active sites and apps. It’s worth noting that when the initial operators launched in May 2020, the state had the capacity to issue 33 licenses, leaving room for 14 more online sportsbooks to enter the market. This level of competition has led operators to focus on creating a unique user experience to attract new players, with welcoming bonuses and ongoing promotions being particularly enticing.
These are the 19 Colorado sports betting apps available for you to use:
Colorado online and mobile sportsbooks
| CO sportsbook | Best known for |
|---|---|
| Bally Bet | Live in-game betting |
| bet365 | Live video streaming |
| Betfred | Daily odds boost |
| BetMGM | “King of Parlays” |
| BetMonarch | Colorado-based app |
| BetRivers | Award-winning parent company |
| Betsafe | Large menu of betting options |
| Betway | Daily odds boosts |
| Caesars | Huge welcome bonus |
| Circa Sports | Higher betting limits |
| DraftKings | Industry leader |
| ESPN BET | Personality driven promos |
| Elite Underscoreg | Easy withdrawals |
| Fanatics Underscoreg | Apparel partnerships and rewards |
| FanDuel | #1 rated app |
| SBK | Price+ |
| Sky Ute | Top safety and security features |
| SuperBook | Early lines |
| Tipico | Daily promotions |
Colorado sports betting latest news
Nov. 14, 2023: ESPN BET goes live in Colorado, along with 16 other states.
April 5, 2023: The Colorado Rockies announce a three-year partnership with bet365.
March 3, 2023: Sen. Dylan Roberts and Rep. Cleave Simpson introduce Senate Bill 177, which would potentially allocate more than $10 million in sports betting revenue to state water projects.
Feb 17, 2023: The Colorado Limited Gaming Commission fines Monarch Casino $400,000 for proxy betting by three employees.
May 2020: The first online sports betting sites go live in Colorado. BetMGM, BetRivers, DraftKings, and FanDuel are all among the first books to launch.
May 2019: Governor Jared Polis signs House Bill 1327 into law, legalizing sports betting in Colorado.
$447.6 million in
Colorado betting resources
If you’re just starting out with sports betting in Colorado, it’s important to familiarize yourself with some essential guides before exploring the top sports betting promotions in the state. Our team of experts has created informative guides that cover the best sportsbooks, top sports betting apps, and most lucrative sportsbook promotions to help you get started.
Sports betting by category
No matter your favorite sport or league, there is a fantastic sportsbook bonus waiting for you at numerous legal and licensed sportsbooks in your state. To help you make your decision easier, here is a list of the top sportsbooks categorized by type.
Responsible sports betting with Colorado promos
The governing body overseeing Colorado’s sports betting industry is distinct from other states. The Colorado Division of Gaming (CDOG) operates under the Department of Revenue’s Specialized Business Group. CDOG’s responsibilities include maintaining the integrity of sports betting, evaluating operator applications, granting licenses, conducting audits, enforcing regulations, imposing penalties as needed, and offering support for individuals struggling with problem gambling.
Below are a selection of problem gambling programs and options that are accessible:
- National Council on Problem Gambling hotline: 1-800-522-4700
- Problem Gambling Coalition of Colorado: (303)-662-0772
- Self-exclusion programs
National U.S. gambling hotline: 1-800-GAMBLER
Underscoreg promos and bonuses in other regions
Underscoreg promos & bonuses in legal U.S. states
Each state has the authority to establish its own regulations regarding gambling activities, such as sports betting and online gambling. For a comprehensive breakdown, refer to SBR’s legal sports betting states tracker or visit the state-specific pages provided below.
Colorado sportsbook promos FAQs
What’s the best sports betting bonus in Colorado?
The concept of “best” is subjective to personal tastes. Nevertheless, we highly recommend considering bet365’s offer of betting $5 and receiving $150 in bonus bets as one of the top options. This deal involves minimal risk, as the outcome of your first bet does not determine your eligibility for the bonus funds.
Which verified Colorado sportsbook promos are the best value?
The most valuable CO sportsbook promotion for you will vary based on your individual betting preferences and financial situation. Some may prefer the security of smaller, guaranteed bonuses, while others may be more interested in trying out a larger first-bet insurance offer.
How old do I need to bet on sports in Colorado?
To place bets on Colorado sports, you need to be at least 21 years old.
Do all Colorado sportsbooks provide sports betting promo codes?
In most cases, promo codes are not needed at online sportsbooks and sports betting apps. Promo codes are often applied automatically when selecting an offer or bonus, making it one less thing to think about. If a promo code is required, you can find the latest verified and accurate codes in the list above.
What are the playthrough requirements on legal online sportsbooks in Colorado?
The playthrough requirements for welcome bonuses and regular promotions differ depending on the online sportsbook. Fortunately, all terms and conditions are now clearly communicated before you decide to take advantage of any bonuses or promotions. Make sure to carefully read and comprehend the T&Cs, including the playthrough requirements, before agreeing to any bonus offers.
How many sign-up bonuses can I claim in Colorado?
You can claim a single sign-up up bonus from every online sportsbook in CO that offers one. Remember that the welcome bonus is a one-time promotion for new customers only.
