Best Colorado Sports Betting Promotions February 2023

Get ready to take your wagers to the next level with the exciting bonuses available at top sportsbooks in Colorado. Discover the most popular promotions in Colorado, complete with real examples and must-know features, so you can choose the best offers that fit your betting style.

Best Colorado Sportsbook Promos

  • Caesars-logo
    8.5/ 10
    On Caesars up to $1,250
  • FanDuel
    8/ 10
    $1,000 No Sweat First Bet
  • BetMGM logo
    8.5/ 10
    up to $1,000 In Bonus Bets
  • BetRivers-LOGO
    8.5/ 10
    $500 BONUS 2nd Chance Bet
  • WynnBET logo
    8.5/ 10
    Bet $100 & Get a $100 Free Bet
  • DraftKings-Logo
    9/ 10
    up to $1,200 BONUS

Bonus Types Available for Colorado Players

Welcome Bonus

A welcome bonus is a type of promo that is offered to new users in Colorado when they sign up for a sportsbook account. It typically comes in the form of free bets or a deposit match and may require entering a promo code or making a minimum deposit. The bonus amount and terms and conditions can vary between sportsbooks, so it’s important to read the details carefully. Some welcome bonuses may also come with wagering requirements, meaning you will need to bet the bonus amount a certain number of times before you can withdraw any winnings.

Example: BetFred CO Sportsbook offers a $1,111 welcome offer for new users. You can get $111 after your first bet of $50 or more, PLUS get 50% back on total losses per week, up to $200, for five weeks.

Deposit Match Bonus

A deposit match bonus is a type of promotion that matches a percentage of your first deposit, up to a certain amount. For example, one of the sportsbooks in Colorado may offer a 100% deposit match up to $500. This means that if you deposit $500, you will receive an additional $500 in bonus funds. Deposit match bonuses can be a great way to boost your bankroll, but it’s important to read the terms and conditions carefully. Some bonuses may have wagering requirements or other restrictions or offer different matching percentages.

Example: DraftKings Sportsbook CO offers a 20% deposit match bonus of up to $1,000. You need to deposit $5,000 in order to get the full $1,000 bonus.

Risk-Free Bonus

A risk-free bonus is a type of bonus that refunds your first bet if it loses. For example, a sportsbook may offer a risk-free bet of up to $100. If you place a bet of $100 and it loses, the sportsbook will refund the full amount in bonus funds. Risk-free bonuses can be a good way to try out a new sportsbook or place a larger bet than you might otherwise be comfortable with.

Example: FanDuel Colorado offers a $1,000 ‘No Sweat First Bet’ for new users. If you place a bet and it loses, FanDuel will refund your first bet up to $1,000 in site credit.

Refer-a-Friend Bonus

A refer-a-friend bonus is a type of promo that rewards you for referring your friends into the world of sports betting in Colorado. Typically, both you and your friend will receive a bonus when your friend signs up and meets the qualifying conditions. The bonus amount and terms and conditions can vary between sportsbooks, so make sure you read the details carefully. Some refer-a-friend bonuses may require your friend to make a deposit or place a bet before the bonus is credited.

Example: BetMGM Colorado Sportsbook offers a $50 bonus for each friend you refer who signs up and makes a deposit. Your friend will also receive a $50 bonus.

How to Redeem Your Colorado Sportsbook Promos?

Claiming online sportsbook bonuses in Colorado is a straightforward process. Here’s a step-by-step guide to help you get started:

  1. Sign up for a sportsbook account: To claim a bonus, you first need to register for an account at a licensed and regulated sportsbook in Colorado. This typically involves providing your personal details, such as your name, date of birth, and address. You may also need to verify your identity by submitting a government-issued ID.
  2. Choose a bonus: Once you have created an account, browse through the available bonuses and choose one that best suits your needs. Make sure you read the terms and conditions of each bonus carefully to understand the requirements and restrictions.
  3. Meet the qualifying conditions: Depending on the bonus type, you may need to meet certain qualifying conditions, such as making a minimum deposit or placing a qualifying bet. Make sure you understand the qualifying conditions before claiming the bonus.
  4. Claim the bonus: To claim a bonus, follow the instructions provided by the sportsbook. This may involve entering a bonus code, making a deposit, or opting into the promotion.
  5. Use the bonus: Once the bonus is credited to your account, you can use it to place bets on your favorite sports. However, make sure you understand any restrictions or limitations, such as minimum odds or maximum winnings.
  6. Fulfill any wagering requirements: Some bonuses may come with wagering requirements, which means you need to wager the bonus amount a certain number of times before you can withdraw any winnings. Make sure you fulfill any wagering requirements before attempting to withdraw any funds.
  7. Withdraw your winnings: If you meet the wagering requirements, you can withdraw any winnings to your chosen payment method. Some sportsbooks may have withdrawal limits or processing times, so make sure you understand these before requesting a withdrawal.
  • Can I claim bonuses at more than one Colorado sportsbook?
  • Can I claim multiple bonuses at the same Colorado sportsbook?
  • Who can claim sports betting promos and offers in Colorado?
  • What is bonus abuse?