Last Updated Jun 21, 2022, 04:10 PM ET
Obtaining access to the best Colorado betting bonuses is achievable in minutes. Simply source a preferred Colorado sports betting site, complete the sign-up process, make a qualifying deposit, place an initial wager, and you’re in business.
Though there is a bevy of sportsbook options in the Centennial State, these five have the best Colorado sportsbook bonuses: Caesars Sportsbook, BetMGM, FanDuel, WynnBET, and BetRivers.
Up to $1,500 risk-free bet
Promo code: COVERS15
Caesars Sportsbook doesn’t miss a beat with its latest $1,500 risk-free bet welcome offer. One of the best Colorado betting bonuses, Caesars’ latest promo goes to those who sign up, deposit at least $10, and lose their initial qualifying wager.
To redeem Caesars Sportsbook’s $1,500 risk-free, make sure to use promo code COVERS15.
An extensive list of stipulations applies to Caesars Sportsbook’s current promotion, which runs until Aug. 1, 2022. Here are five of the most notable:
Caesars’ $1,500 risk-free bet is an excellent way for new bettors to enter the industry. It provides a risk-free opportunity, facilitating two chances to make good on initial bets. If you lose the first bet, a second is provided via Caesars’ site credit reimbursement.
The Caesars welcome offer can be highly lucrative depending on how much money you initially wager. There are no odds requirements for this Caesars bonus, so you can bet on whatever market you wish. As an example, if you wager on the Colorado Rockies at odds of -500 using the maximum $1,500 amount, you would garner $300 in winnings should your bet prove successful.
Caesars’ $1,500 risk-free bet is among the best Colorado betting bonuses due to its high maximum match amount.
$1,000 risk-free bet
No code required
Rapidly gaining popularity and notoriety, BetMGM understands the influence welcome bonuses have on acquiring new customers. Its latest $1,000 risk-free bet offer appeals to the broadest possible demographic, as it facilitates new and experienced bettors two opportunities to make good on their initial wagers.
So long as you sign up, make a deposit, and lose your initial wager, BetMGM will reimburse the entire stake up to a maximum of $1,000. If you win the opening bet, the promotion is null and void. You don't need a BetMGM promo code to nab this offer.
BetMGM’s active risk-free promotion, which runs until Dec. 31, 2022, has a comprehensive list of terms and conditions. Below are five of the most important:
BetMGM distributes the free site credit — if you’ve made an initial bet of $50 or more — with five equal 20% deposits. This enables bettors to use the free site credit on five subsequent bets rather than a single follow-up wager, which is a significant benefit.
As with other risk-free bet welcome offers, the amount of money you can earn through BetMGM's bonus varies depending on your first wager. No odds requirements need to be met for BetMGM's promo either, opening up your betting options to any market. For example, if you opt to wager on the Denver Nuggets at odds of -250 using the maximum $1,000 amount, you would snag $1,400 should your bet win.
Bettors of all skill levels enjoy the idea of numerous wagering opportunities. That’s precisely what BetMGM, with its five equal reimbursements on failed first bets of $50 or more, offers.
Bet $50, win $200
No code required
WynnBET makes a statement with its slightly more unique welcome bonus, offering new customers $200 in free bets on an initial deposit of $50 or more. This particular bonus offer is guaranteed, setting it apart from other Colorado sportsbook bonuses.
This promotional offer comes with specific odds restrictions, preventing bettors from backing heavy favorites — the bettor must choose odds of -120 or longer. No promo code is required to redeem this offer.
Here are five of the most notable terms for the current bet $50, win $200 welcome promotion, which runs until Jan. 21, 2023:
WynnBET’s $200 in free bets is guaranteed, which is the most emphatic selling feature of the welcome offer. You know you’ll get the free currency across four separate installments, a reassuring thought.
100% Deposit Match up to $250
No code required
FanDuel is renowned in the industry for perpetually pushing the welcome bonus envelope. The sportsbook executes its sign-up offers expertly, continuously garnering swaths of new bettors. New Colorado users can get a 100% deposit match of up to $250 in free bets until Aug. 22, 2022. No FanDuel promo code is required to claim this offer.
Here are five of the more crucial stipulations of FanDuel’s bonus offer:
FanDuel’s current promo guarantees you will receive a bonus equal to the amount of your first deposit. This means you will immediately double your FanDuel CO bankroll.
The amount of money you can garner through FanDuel's welcome offer will vary depending on how you choose to use the $250 in free bets. Betting on an underdog would line you up for the largest potential payday. Conversely, you may choose to play it safe with several smaller wagers on favorites.
FanDuel’s $250 deposit match offer can’t compete with the current Caesars and BetMGM offers but still gives Colorado bettors the ability to quickly turn a $250 deposit into a $500 account balance.
100% deposit match up to $250
Promo code: 250MATCH
Rounding out the top-five Colorado sportsbook bonuses is BetRivers’ 100% deposit match up to $250. It’s a simple, customary deposit match bonus in which BetRivers doubles a new user’s initial credit balance. Colorado promo code 250MATCH is required for this promotional offer.
BetRivers’ current sign-up bonus has a number of applicable terms and conditions, including five of the most integral seen below. This promotion doesn’t have a specified end date.
BetRivers’ deposit match welcome offer is a guaranteed bonus — albeit with a 1x rollover requirement — that doubles your original investment.
Colorado sports betting companies have a multitude of bonuses in their arsenals to attract new users, but the three most popular are risk-free bets, deposit matches, and no deposit bonuses. Make sure to visit our most common sportsbook sign-up bonuses guide for even more information.
Risk-free bets are an excellent way for bettors to wager unfettered, without concern of losing. If a user’s first bet fails, the sportsbook returns the amount wagered up to a specified number.
If the Colorado Rockies are heavy underdogs, but you feel they have a good chance of winning, a risk-free bet allows you the opportunity to commit to the wager without worrying about a potential loss. Should the Rockies win, you’ll walk away with maximum profit. If they lose, the sportsbook will reimburse the stake, providing a do-over opportunity on its dime.
A deposit match is a guaranteed bonus offer that sees a sportsbook credit a user’s account with the same amount initially deposited, up to a pre-specified maximum. It immediately doubles the bettor’s wallet, making for a rather enticing promotion.
Sportsbooks offer a wide range of deposit matches, from 50% to 100% to even more lucrative 200%, even 300% offers. The most common deposit match is 100%.
No deposit bonuses are typically used as a welcome bonus or as part of a big-event promotion, like the Super Bowl, March Madness, or the NBA Finals. The sportsbook deposits credit on the user’s behalf to secure the bettor’s initial business. After wagering on the sportsbook’s dime, the new user is more likely to deposit their own funds and become a loyal patron.
There are currently 27 active online sports betting sites taking wagers in Colorado — more than anywhere else in the United States. In May 2020, BetMGM, BetRivers, DraftKings, and FanDuel became the first legal online sportsbooks to accept mobile wagers in the Centennial State. You can check out the full list on Colorado betting sites:
|Online sportsbook||Mobile app||Odds provider||Online casino||Retail partner|
|Bally Bet||Yes||Bet.Works||No||Bally's Black Hawk|
|Barstool||Yes||Kambi||No||Ameristar Black Hawk|
|Betfred Sports||Yes||Playtech||No||Saratoga Casino Black Hawk|
|BetMGM||Yes||BetMGM||No||Midnight Rose Casino|
|BetRivers||Yes||Kambi||No||McGills Hotel and Casino|
|Betsafe||Yes||Betsson||No||Dostal Alley Casino|
|Betway||Yes||Betway||No||Famous Bonanza Casino|
|BetWildwood||Yes||ISI Sports||No||Wildwood Casino|
|Caesars||Yes||Caesars||No||Lady Luck Casino|
|Circa Sports||Yes||Circa||No||Century Casinos|
|DraftKings||Yes||SBTech||No||Bally's Black Hawk|
|Elite Sportsbook||Yes||Bet.Works||No||Red Dolly Casino|
|FanDuel||Yes||Flutter||No||Bally's Black Hawk|
|FOXBet||Yes||TSG||No||Lady Luck Casino|
|MaximBet||Yes||Kambi||No||Johnny Nolan's Casino|
|Play Maverick Sports||Yes||IGT||No||Maverick Gaming|
|PlayUp||Yes||PlayUp||No||Bull Durham Casino|
|PointsBet||Yes||Kambi||No||Double Eagle Casino|
|SBK||Yes||Smarkets||No||Bronco Billy's Casino|
|SI Sportsbook (888)||Yes||888||No||Colorado Grande|
|Sky Ute||Yes||Sky Ute||No||Sky Ute Casino|
|SuperBook||Yes||Stadium||No||The Lodge Casino|
|theScore Bet||Yes||Bet.Works||No||The Gilpin Casino|
|TwinSpires||Yes||Kambi||No||Bronco Billy's Casino|
|WynnBET||Yes||GAN||No||Bronco Billy's Casino|
Caesars offers the best welcome bonus in Colorado, though all five discussed promotions have their advantages.
You can claim one sign-up bonus for each sportsbook you register with.
Bonus abuse sees an individual repeatedly sign up for promotions at the same sportsbook, usually for welcome offers designated for new, first-time users.
You must be 21 years old to legally bet on sports in Colorado.
Joshua Howe is a commercial content editor at Covers, assisting experts in making smarter sports bettors. Prior to joining the team in 2021, the experienced writer and editor worked in a variety of industries, including sports, marketing, and publishing.