Colorado Sports Betting Bonuses

Several new sports betting platforms debuted in the Centennial State within days of the launch of Colorado online sports betting. There are a lot of top-notch apps available to bettors making moves to build an audience in the Centennial State, which means great Colorado sports betting bonuses.

When the state’s new sports betting industry reaches full maturity, Colorado bettors could have access to 20 or more different online sportsbooks. Last year, Colorado sportsbooks took in almost $1.2 billion in betting handle. Now, we’re starting to see Colorado come into its own as a sports betting leader.

Best Legal Online Sports Betting Apps In Colorado

Colorado bettors are in one of the best states for sports betting. Here’s a quick overview of the leading sportsbooks in the state:

Colorado Online Sportsbook Bonuses September 2021

Colorado is home to some of the top sportsbooks in the US. This means bettors in the state have great options for not only great sports betting platforms, but some of the best bonuses and promotions available as well.

DraftKings Colorado

  • Best for experienced sports bettors because of 20% deposit match up to $1,000 with 5x playthrough plus Bonus.com offer 
  • Available on iOS, Android, and desktop
  • Market depth and variety is great for newcomers

Claim promo using our exclusive link at DraftKings

New members at DraftKings Sportsbook can now receive a $50 free bet for making a deposit of $5 or more. This exclusive deal is available to all those joining DraftKings Sportsbook for the first time.

If you like the layout of DraftKings Sportsbook, you can then receive the regular welcome bonus. The 20% deposit match up to $1,000 is the biggest deposit promotion at the US online casino, so it’s worth using if you’re playing at DraftKings for the long haul. 

After going live as one of Colorado’s first operating mobile sports wagering sites, DraftKings Sportsbook appears poised to be one of the leading brands in the Colorado market. DraftKings Sportsbook operates under the license of Golden Gates Casino, which is owned by Twin River Worldwide Holdings.

BetMGM Colorado

  • Best for a $1,000 risk-free bet to be refunded as multiple free bets
  • Available on iOS, Android, and desktop
  • Fantastic user experience

Claim bonus with our exclusive link at BetMGM – Bonus Code TOPBONUS100

The BetMGM brand continues to expand into the US market with online casino and sportsbook products in several states. BetMGM operates in Colorado under the license of Midnight Rose Hotel and Casino. The land-based property is owned by Triple Crown Casinos.

BetMGM was one of the first online sportsbooks to launch in Colorado on May 1, 2020.

Caesars Sportsbook Colorado

  • Best for a $5,000 risk-free bet for new users
  • Available on iOS, Android, and desktop
  • Fast mobile app load times

Claim Promo at Caesars Sportsbook with exclusive link 

Caesars Entertainment acquired UK-based William Hill, one of the bigger names in sportsbook apps, and rebranded the app in August 2021. Caeasars Sports is partnered with the Isle Casino and the Lady Luck Casino in Black Hawk. Caesars offers new sign-ups a risk-free bet up to $5,000, and it offers the biggest customer loyalty program in the industry.

BetRivers Colorado

  • Best for occasional bettors due to 100% deposit match up to $250 with a 1x playthrough requirement
  • Available on iOS, Android, and desktop
  • A wide array of sports options

Claim bonus offer with our exclusive link at BetRivers

Owned by Rush Street Interactive, the BetRivers brand is another emerging player in the US legal sports betting market. JP McGill’s Hotel & Casino is the land-based casino license partner for BetRivers Sportsbook. Triple Crown Casinos owns the property.

FanDuel Virginia

  • Best for iOS and Android App
  • Available as an Apple iOS app, Android app, and via desktop
  • Market depth and variety is great for newcomers

Claim promo offer with our exclusive link at FanDuel

FanDuel offers a great selection of sports–as great as any sportsbook gets. All major US professional leagues are open and available for betting, and FanDuel also offers in-depth coverage of college sports like NCAA football and basketball.

BetFred Sportsbook

  • Best for a $500 risk-free bet
  • Available on iOS and Android
  • Well-established sportsbook

With more than 1,500 locations, Betfred is a big name in sports betting in the UK, but its US expansion is relatively new. Colorado is Betfred’s second US market, the first being Iowa. Betfred’s local partner in Colorado is the Saratoga Casino in Black Hawk. New bettors can get a $500 risk-free bet as a welcome bonus.

PointsBet Colorado

  • Best for 2 risk-free bets up to $2,000
  • Available on iOS, Android, and desktop
  • “Points Betting” system gives players an extremely high risk, high reward option that no other app offers

Claim promo using our exclusive link at PointsBet – Promo Code BIGBONUS

The PointsBet brand already operates in a handful of US states. The Australian-owned brand features the unique PointsBet betting method. This allows bettors to win more money on a game based on the final score margin. PointsBet Colorado launched under the license of Double Eagle Hotel and Casino.

PointsBet announced a 5-year partnership with NBC Sports, which could see the company expand into the US sports betting market in a way we didn’t anticipate. They also announced a partnership with the University of Colorado and established their US headquarters in Denver, showing a commitment to the state.

MaximBet Colorado

  • Best for a 100% deposit match up to $1,000
  • Available on iOS, Android, and desktop
  • Sleek app with good promos

Colorado is currently the only state where MaximBet is available. It launched in September, so it’s fairly new to the market. Fans of the popular lifestyle magazine may find this app enjoyable to use. 

Other Sportsbooks Available in Colorado

FOX Bet

Bettors in the US can expect FOX Bet to be a major presence in the legal sports betting industry. The brand operates as a partnership between FOX Sports and the Stars Group, which are giants in the sports media and online gambling industries, respectively. 

The FOX Bet Colorado mobile sportsbook app is a license partner of Lady Luck Blackhawk. Lady Luck is owned by Caesars Entertainment following the company’s merger with Eldorado Resorts.

Claim $500 risk-free bet with our FOX Bet promo link

Barstool Sports

A Barstool Sports-branded legal online sportsbook hit the Colorado market as a licensed product of Ameristar Blackhawk Casino. That land-based property is operated by Penn National Gaming, which also owns Barstool Sports. 

SportsBetting.com

The Carousel Group, an international iGaming company, plans to expand into the US with its SportsBetting.com brand. SportsBetting.com launched on May 12 in Colorado. The platform is licensed to Johnny Nolon’s Saloon & Gambling Emporium.

Get up to $1,000 in losses refunded in your first week at SportsBetting.com here. 

BetMonarch

Unlike the other mobile sportsbook brands on this list, BetMonarch is a homegrown product. The BetMonarch app is owned, operated, and licensed to Monarch Casino.

Located in Black Hawk, Colorado, Monarch Casino is the first land-based property to launch its own Colorado online sports betting site. 

Sky Ute SportsBook

Sky Ute SportsBook is Colorado’s first tribal sportsbook, a partnership between the Southern Ute Indian Tribe-owned Sky Ute Casino and Las Vegas-based USBookmaking. Sky Ute SportsBook promises better odds than most sportsbooks because it’s not bound by Colorado state law.

SBK by Smarkets

Smarkets operates differently than most traditional sportsbooks, with odds created by sports bettors in the company’s native UK. Colorado sports bettors aren’t allowed to participate in the market making but can reap the benefits: which include some of the best odds available at any Colorado sportsbook.

Circa Sports

Circa Sports started in Las Vegas. They recently expanded into Colorado with its first online sportsbook outside of Nevada after partnering with Century Casino. Circa offers high limits and competitive odds.

ELITE Sportsbook

ELITE Sportsbook launched in Colorado through a partnership with the Red Dolly Casino in Black Hawk. Its app and website are taking bets now, with a variety of props and parlays, including what it claims is the only bookmaker in Colorado to offer a progressive parlay. New players can get a sign-up bonus worth up to $1,000 in free bets.

theScore Bet

theScore Bet has the distinction of being the first sportsbook to be launched by a North American media company, Score Media. It offers a variety of moneyline, spreads, parlays, props, and teasers, and all major sports are accounted for in the app. New Jersey was theScore’s first launch, and it’s partnered in Colorado with Jacobs Entertainment, owners of The Lodge Casino and the Gilpin Casino in Black Hawk.

BetWildwood

BetWildwood was among Colorado’s first home-grown sportsbooks, a product of the Wildwood Casino in the mountain casino town of Cripple Creek. Bettors will find a variety of moneyline and spread bets on the events and sports you’d expect, many of which offer in-game betting. New bettors can receive up to a $50 free bet.

BetAmerica

Owned by Churchill Downs Incorporated, BetAmerica is another emerging brand in the legal US sports betting industry. BetAmerica is approved for operation in Colorado as a license partner of Bronco Billy’s Casino and Hotel, owned by Full House Resorts.

SuperBook

SuperBook’s home base in Las Vegas is the world’s largest retail sportsbook. SuperBook’s expansion plans outside of Nevada include a mobile sports betting platform in Colorado.

SuperBook has a nationwide partnership in place with Jacobs Entertainment. The Lodge, a Jacobs-owned Colorado property, will license the SuperBook mobile platform in Colorado.

Sportsbooks That May Come To Colorado

Twin River

Twin River Worldwide Holdings owns three retail casinos in Colorado, as well as three internet sports betting licenses. Two of those licenses are already used in partnership with DraftKings Sportsbook and FanDuel Sportsbook. They plan to launch a third online sports betting site in the future.

Bonuses At Colorado’s Online Sportsbooks

Risk-Free Bet

The most common bonus available at Colorado’s legal online sportsbooks comes in the form of the risk-free bet offer.

Risk-free bets offer a rebate, up to a certain amount, on the first bet made at a mobile sportsbook. The rebate is only applied if that first bet results in a loss.

FanDuel Sportsbook, for example, offers a risk-free bet, up to $1,000, for new players. After depositing, the first bet made on the platform is eligible for up to a $1,000 refund, but only if the bet is a loss.

For amounts smaller than $1,000, the risk-free bet refund would match the amount of the bet. A $250 bet, and a loss, would garner a $250 rebate.

On bets larger than $1,000, the maximum refund amount is $1,000.

Deposit Match Bonus

A widely offered bonus found at many online gambling sites, the deposit match bonus awards bonus money that matches a certain percentage of a deposit.

BetRivers Sportsbook presents one of the industry’s most generous deposit match bonus offers to new players. The first deposit at BetRivers is eligible for a 100% match bonus, up to $250.

Utilizing this bonus, a new player can make their first deposit at BetRivers, and earn up to $250 in bonus money. Deposits smaller than $250 are eligible for bonus money that matches the deposit amount.

Deposit match bonuses generally come with a playthrough provision. This requires players to wager a certain amount to unlock the bonus. Many of these bonuses require a 25x playthrough or more, meaning a player has to wager 25 times the amount of the deposit to unlock the bonus.

The BetRivers bonus, however, only requires 1x playthrough, essentially giving new players up to $250 in free bets.

No-Deposit Bonus

One easy way to get started at an online sportsbook is through no-deposit bonus offers. These bonus offers are not as common on sports betting sites. When you do see them, they are often in small amounts, like $25 or $35. New bettors will see the amount in their account just after registering. 

Colorado’s Mobile Sportsbooks

Colorado is a significant player in the industry. Since it officially launched legal sports betting, Colorado has seen sportsbooks from around the globe set up shop in the Rocky Mountain State.

Access To Sportsbooks Statewide

Colorado limits land-based commercial casinos to the towns of Black Hawk, Cripple Creek, and Central City, apart from a pair of tribal casinos in the southwest region of the state. Players can access mobile sports betting apps offered by these casinos, however, from anywhere within state borders.

Mobile apps give bettors superior ease of access to the entire lineup of online sports betting platforms available in the state. Deposits and withdrawals, line shopping, and research are all far more convenient on mobile wagering sites, versus their land-based counterparts.

Colorado’s mobile betting platforms use geolocation software to determine a user’s location. This gives players the ability to wager from anywhere in the state. It also offers bettors from surrounding states the opportunity to drive into Colorado and place a sports bet with ease.

Early Signs Of Mobile Sports Betting Success

In states like Pennsylvania and New Jersey, mobile sports betting makes up more than 85 percent of overall sports betting revenue. That same trend will almost certainly hold in Colorado.

Colorado’s land-based casinos operate with strategic technology partners for their online sports betting platforms. This new market has attracted just about all of the biggest brands in the sports betting industry.

FanDuel Sportsbook and DraftKings Sportsbook are two of the industry’s leaders in US mobile sports betting. Both companies have sportsbooks live in Colorado, alongside other major players like FOX Bet, BetRivers, and BetMGM.

Other sports betting powerhouses like William Hill (now Caesars Sportsbook), PointsBet, BetFred, and Circa Sports, have all been granted licenses to operate in Colorado.

The presence of these major brands will make Colorado a key player in the US sports betting market.

In its first month with online sports betting (amid a global pandemic and casino closures), Colorado drew in $25.5 million in gross, unaudited revenue. The following months brought an even bigger revenue spike.

What Sports Can I Bet On In Colorado?

Betting On US Pro Sports

Colorado’s capital city, Denver, holds a professional sports distinction that only a few other US cities can claim.

Denver is home to teams in all four major US sports leagues. Major League Baseball’s Colorado Rockies, The NFL’s Denver Broncos, the NHL’s Colorado Avalanche, and the Denver Nuggets of the NBA make Colorado a major sports hub in the US.

The legalization of sports betting gives Colorado’s sports enthusiasts access to betting markets featuring all of the Centennial State’s major teams. The entire regular season and postseason schedule is available to bet on for all four major leagues.

Ways to bet on these games include point spread, moneyline, parlay, and live in-game betting. 

These options are available for virtually every game on the schedule. Futures betting markets and prop bets are also widely offered on the four major US sports leagues at Colorado’s legal online sportsbooks.

Other US Sports To Bet On In Colorado

Colorado sports betting law also allows for betting on the Colorado Rapids of Major League Soccer, as well as the National Lacrosse League’s Colorado Mammoth. Betting isn’t just limited to these in-state franchises. Colorado’s legal online sportsbooks offer bets on the entire schedule in these leagues.

MMA, boxing, and NASCAR, as well as major tennis and golf events in the US, are open for betting on Colorado’s legal mobile sports betting apps as well.

See our complete guide on How To Bet On Sports Online

College Sports Betting In Colorado

Betting on college sports is legal at Colorado’s online sportsbooks. This includes major sports like college football and college basketball, both of which offer plenty of options for betting on Colorado-based teams.

The only restriction on college sports betting in Colorado is a ban on prop betting. Other than that, Colorado bettors can legally bet on numerous sports, including contests involving home teams.

University Of Colorado Buffaloes

The Colorado Buffaloes sit at the epicenter of Colorado’s college sports tradition. A college football staple for much of the past century, the Buffaloes play in the PAC-12 conference.

Annual big games for the Buffaloes include PAC-12 matchups against the Utah Utes, USC Trojans, UCLA Bruins, and Oregon Ducks. The Buffaloes’ yearly schedule also includes a non-conference matchup against their in-state rivals, the Colorado State Rams. PointsBet Sportsbook announced a partnership with the University, so expect to see a push for betting of Buffaloes games.

Colorado State Rams And Air Force Falcons

The Colorado Buffaloes, Colorado State Rams, and Air Force Academy Falcons are the three biggest college sports programs in the state. Colorado bettors can legally bet on all three schools, all of which are on the national radar in both college football and basketball.

Both Air Force and Colorado State play in the Mountain West Conference and play against each other in big, cross-state matchups nationally.

In addition to football and basketball, other sports legally available to Colorado bettors include college baseball, softball, hockey, lacrosse, and others.

International Sports Available On Colorado Online Sports Betting Sites

International sports betting markets are aplenty at Colorado’s legal online sportsbooks. Platforms like DraftKings Sportsbook and FanDuel Sportsbook offer bets on a wide array of international contests.

With these international sports on the menu, Colorado players will find no shortage of year-round betting opportunities.

Major International Soccer Leagues

Colorado’s online sportsbooks offer betting markets that feature all of the biggest leagues in the world’s most popular sport.

Teams like Real Madrid and FC Barcelona of Spanish La Liga are open for betting. The English Premier League, and its powerhouse clubs like Arsenal and Manchester United, are available to Colorado bettors as well.

Germany’s biggest league, Bundesliga, offers yet another available betting market for international soccer. Interleague events like the UEFA Champions League are on the menu as well.

International Golf And Tennis

Major events in golf and tennis take place all around the world, and Colorado’s legal online sportsbooks grant bettors access.

International tennis majors like the Australian Open, French Open, and Wimbledon, and other overseas events from the ATP and WTA are on the board. Golf majors, like the British Open, are open for wagering in Colorado as well.

Other International Sports And Events

Colorado’s legal online sportsbooks offer a wide scope of other international betting markets. These include international leagues and events in rugby, hockey, basketball, baseball, table tennis, darts, and cycling.

What Else Can You Bet On In Colorado?

The Colorado Division of Gaming, which regulates online gambling in Colorado, has language in place to allow for betting on new sports that might come into the market.

Newly formed leagues can apply for authorization to be included on the menus of Colorado’s legal online sportsbooks.

Can I Place Parlay Bets At Colorado’s Online Sportsbooks?

Throughout the history of sports betting, parlay bets have offered some of the most enticing odds, and biggest potential payouts, of any kind of bet.

Colorado’s legal online sportsbooks offer numerous parlay betting options. Parlay bets will almost certainly be a popular option for Colorado bettors as the state’s legal online sportsbooks continue to launch.

Traditional Parlay Bets

Parlays allow for multiple bets to be combined into one bet, with an exponentially higher payout for a win. For a parlay bet to be a winner, however, all bets in the parlay must be a winner.

For example, standard odds for a single bet are often -110, meaning a $110 bet yields a $100 profit if the bet is a winner. Taking two separate -110 bets, and combining them into a two-team parlay, could yield a 13-to-5 payout. A three-team parlay could yield a 6-to-1 payout, and so on.

Parlay bets allow bettors to dream big, as the odds increase with each bet added. Parlays can involve point spread, moneyline, and over/under bets.

The total payout for a winning parlay depends on the odds of the individual bets. Putting multiple underdog bets on the same parlay could yield an astronomical payout in the event of a win.

Teasers

The teaser bet takes the traditional parlay and makes it even more enticing, with more favorable points spreads.

For example, if the Denver Broncos were favored by 3 on a given Sunday afternoon in the NFL, that point spread would appear as “Broncos -3” on the betting menu. A teaser parlay could shift that line six-point, and turn that line into “Broncos +3”, which would then give the bettor the Broncos and three points.

A teaser parlay would offer the entire slate of that weekend’s NFL games at teaser odds. The payouts on a teaser parlay are considerably smaller than a traditional parlay. But bettors have a better chance of winning with the more favorable point spreads.

What Do I Need To Register At A Colorado Online Sportsbook?

Signing up at one of Colorado’s legal online sportsbooks takes just a few steps. For example, signing up at DraftKings Sportsbook requires these steps:

  • Navigate to the DraftKings Sportsbook homepage, or download the app for iOS and Android devices. For iOS devices, the DraftKings Sportsbook app can be found in the App Store. For Android devices, the app can be found on the Google Play store.
  • Click on the “Sign Me Up” link.
  • Choose a username and password, and supply a valid email address.
  • Provide proof of identity and age. Only players 21 and over will be able to access the site.
  • Upon verification of email address and identification documents, new players are eligible to deposit and start betting.

You’ll find that most sportsbooks have near-identical sign-up processes. You’ll always need to provide the information above to create your account at a Colorado online sportsbook.

Online Sportsbooks: Legal Versus Illegal

By the time the Colorado sports betting industry reaches its full potential, players in the Centennial State will enjoy access to a market that could include more than 20 different platforms.

Colorado Division Of Gaming

The Colorado Division Of Gaming approves and oversees all of the state-regulated, legal online sports wagering sites. The Division of Gaming is a government agency that regulates Colorado’s entire casino industry.

The Division of Gaming’s oversight includes all legalized operators of retail and online gambling in the state. Land-based casinos are accountable to the Division of Gaming. By extension, the legal online sportsbooks offered by these land-based casinos also operate under the Division of Gaming’s jurisdiction.

Any bet placed at a legal mobile sports wagering site in Colorado comes with the same level of security as placing a bet at a retail casino in the state.

Risky Offshore Gambling Sites

Offshore gambling sites, or any non-approved online gambling site operating within state borders, are operating illegally in Colorado. These sites are not obligated to offer the same level of security as state-regulated online gambling platforms.

All legal online sportsbooks in Colorado will feature the Division of Gaming seal.

Colorado Online Sports Betting FAQ

How old do you have to be to bet at Colorado’s legal online sportsbooks?

The minimum age for casino gambling in Colorado is 21. This age applies to any kind of casino gambling at a retail casino or online. The only exceptions to this rule are lottery and bingo, which carry a minimum playing age of 18.

Legal sports betting in Colorado, both retail and online, requires players to be at least 21 years old. When you register for an account, you’ll be required to confirm your age and identity, usually by providing your social security number.

Is DraftKings Sportsbook legal in Colorado?

Yes. Colorado is one of several states in which DraftKings Sportsbook operates legally. The platform launched in Colorado under the license of Golden Gates Casino, owned by Twin River Worldwide Holdings.

DraftKings Sportsbook is available to Colorado bettors as a mobile app for iOS and Android devices. Players can also access the platform directly on a desktop computer.

Is FanDuel Sportsbook legal in Colorado?

Yes. FanDuel Sportsbook debuted on the first day any of the state’s legal online sportsbooks could begin operations.

The FanDuel Sportsbook platform is available to Colorado players age 21 and over. Bettors must be located within state borders at the time of a bet to legally place a wager. Golden Gulch Casino operates the FanDuel Sportsbook license. Twin River Worldwide Holdings owns Golden Gulch Casino.

Do Colorado Sportsbooks offer credit?

No. Colorado’s legal online sportsbooks do not offer credit lines for betting use. Potential bettors must complete the registration process and deposit funds to start betting at a mobile sports wagering site.

Some sportsbooks do offer site credit as part of various bonus offers. These credits must be used for betting, and cannot be withdrawn on their own.

Is betting on college sports permitted in Colorado?

Yes. The state permits betting on college sports on Colorado’s online sports wagering platforms. Colorado bettors can wager on in-state teams like the Colorado Buffaloes, as well as any in-state college athletic contests.

The only restriction on college sports betting in Colorado is a ban on prop betting. Betters can only make prop bets on professional sports events. 

Do I have to visit a casino to open an online sportsbook account in Colorado?

No. Colorado’s legal online sportsbooks are open for registration from anywhere within state borders. Most of these platforms are available as mobile apps for iOS and Android devices, as well as on desktop.

Visiting the parent casino of an online sportsbook is an option for opening an account, but isn’t necessary.

About the Author

Geoff Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff is an avid sports fan, but poker is his passion.