Colorado Sportsbook Bonuses & Promo Codes (2023)

The best quality sportsbooks in Colorado offer their customers attractive welcome bonuses and follow that up with exciting ongoing promotions. As a new player, you could potentially receive up to $5,400 in bonus bets across these top Colorado sportsbooks. You can claim these promos now by signing up with one of our recommended sports betting sites in the Prairie State. 

Our guide includes detailed instructions, bonus codes, and everything else you need to start.   

Top Colorado Sportsbook Bonuses & Promotions

The Best Colorado Bonus Codes & Promotions

For new players in Colorado, there’s a wealth of enticing welcome bonuses across various sportsbooks, each offering a substantial boost to get started with sports betting. Use promo codes, when required.

• Caesars Sportsbook: Up to $1,000
• BetRivers: Up to $500 for new Colorado bettors, bonus code is USBTRV
• BetMGM Colorado: Up to $1,500, use promo code USDOTBET
• DraftKings Sportsbook: $200
• FanDuel: $200
• Bet365: Choose between $150 or $1,000 (for consistency, we’ll take the higher value). Enter code: USB365 in Colorado.
• PointsBet: Up to $1,000

Caesars Sportsbook – $1,000 bonus back bet for your first losing bet 

Caesars Sportsbook Colorado has an excellent opportunity for its new players if the first bet is a losing one. You can receive up to $1,000 in bonus bets when using the bonus code, if required. You have 30 days to place your initial bet after opening your account, and it comes with a 14-day expiry.  

BetRivers – $500 stake back bonus on a first bet if it loses 

BetRivers Colorado has a second chance bonus bet welcome offer whereby you will receive up to $500 in bonus bets if your first bet isn’t a winning one. A promo code of USBTRV is required to activate this betting offer. You have 30 days to use the bonus funds; any bets you place must have odds of -200 or greater.  

BetMGM – Up to $1,500 in bonus back bets 

BetMGM is one of the industry giants and provides an excellent welcome bonus for its new depositing customers. You must deposit at least $10, and on your first bet placed with the betMGM Colorado promo code USDOTBET, you can get up to $1,500 of bonus bets. The bonus gets granted within 24 hours of your losing bet, and you must use the free bet within seven days.  

DraftKings – Place a $5 bet and receive $200 in bonus bets  

The DraftKings Colorado’s new user bonus is lucrative and quite an incredible offer. When you place a $5 bet on one of the lines, you will instantly receive eight $25 bonus bets. It doesn’t matter whether your initial bet wins or loses. You also have got a seven-day window in which to use it.  Best for UFC bets or in play.

FanDuel – Bet $5 and get $200 in bonus bets 

The FanDuel sportsbook welcome offer for new registering customers in Colorado is similar to the DraftKings one, where you must also place a minimum bet of $5 and receive $200 in free bonus bets. However, FanDuel also offers new players a free trial for a month of the NBA League Pass. The bonus funds have a seven-day expiry, and you cannot use them on the same game, round-robin or Parlay bets.  

Bet365- up to $1,000 in insurance cashback/ Bet $5 and get $150 bonus bets 

Bet365 offers its Colorado players a choice of two welcome bonuses. The first option is up to $1,000 in bet insurance on your first losing bet with a minimum bet of at least $10. The second offer is you must place qualifying bets to the value of $5 and receive $150 in bonus bets. Use credits on NFL and Tennis games.

Both options have 30 days of validity after opening your account to choose which to claim, and once released, are valid for 90 days. 

PointsBet – $1,000-second chance bonus bets offer  

At PointsBet Colorado, you can claim a free bet for your first ten days of betting after registration. Each day, you must place a bet, and you can land a $100 bonus bet for any losing bets totaling $1,000. It has a promo code you must use when you deposit WELCOME, and bonus bets expire seven days after activating.  The offer is best for NBA bets.

Comparison of the Best Colorado 2023 Betting Bonuses  

Legal Sportsbooks in Colorado 2023 

Check out the full list of sportsbooks where you can claim sign up bonuses available in Colorado in 2023: 

• Bally Bet
• Barstool
• Bet365 Colorado – code USB365
• Betfred
• BetMGM – promo code USDOTBET
• BetMonarch
• BetRivers
• Betsafe
• Betway
• Caesars
• Circa
• ClutchBet
• DraftKings
• FanDuel
• PointsBet
• SBK Sportsbook
• SI Sportsbook
• SuperBook
• Tipico

Colorado Bonus Types Explained 

It’s important to note that every Colorado sportsbook has different bonus offers, so let’s look at the most common and how to use them: 

Second Chance Bet 

Most Colorado sportsbooks favor this welcome bonus of a second chance bet like PointsBet, Bet365 and BetMGM. When you place your first bet, if it doesn’t win, you will receive bonus back bets, allowing you another chance to place a new sports bet wager.  

The minimum deposit required is $10, and how it works is if you have a winning bet, you receive the payout, and the offer is over. However, if you lose, you will receive a bonus back up to the amount of your losing bet’s potential winnings. Let’s say you bet $100, and the payout if it won was $700. As $100 was your bet amount, you will only receive any potential profit, which would have been $600.  

Another essential point is always to check the terms, as some have different time frames in which to use, like seven days at DraftKings. If you forget, you forfeit any bonuses on your account. There are also sometimes restrictions on bets allowed, so do always check exactly what you can use them on.  

Bet and Get Bets 

DraftKings, Bet365 and FansDuel offer this type of betting bonus, which is where you place a minimum bet of $5 with DraftKings and FansDuel, you receive $200 in bonus bets, and Bet365 offers $150. It doesn’t matter if you win or lose. As soon as you place your bets, the free bets get released.  Also, always check the time limits; you will also only receive any winnings, not the free bet value.  

Other promotions 

After using up the welcome bonus, the best Colorado sportsbooks will encourage players to return with various sports promotions. These include bet boosts and free bets or cashback offers on a particular sport.  

If the sporting calendar has many significant events, you can expect to find even more offers, so check the promotions tab, especially for important events like the NFL.  

How to Claim Bonuses at Colorado Sportsbooks

Check out our easy steps to claim one of the Colorado sportsbook bonuses: 

1. Open the chosen Colorado sportsbook homepage. 

2. Find the offer on the promotions tab and read through any bonus terms attached.  

3. Register your new account, providing your details, and if you have a bonus code, input it if it is part of the registration process.  

4. make your first deposit through the cashier to activate the bonus.  

5. Place the required bet as detailed in the terms, and check the minimum lines required and your bet amount.  

6. As soon as your bet settles, you can make a withdrawal request if it’s a winner.  

Understanding Colorado Sportsbook Bonuses – Terms and Conditions 

To ensure you will receive both your bets and any winnings, always check all these details before placing your first wager at a Colorado bookmaker: 

Timeframe 

Bookmakers in Colorado have various time frames in which you must complete any bonus bet requirements. For example, PointsBet has a seven-day expiry, BetRivers has 30 days, and Bet365 allows 90 days, so always confirm so you don’t lose your free bet.  

Bonus codes 

Bonus codes are essential to claim one of the welcome bonus offers if required, like the one at Caesars Sportsbook. Either input it at the point of registration or deposit; without it, you won’t receive the bonus.  

Opt-in 

Some Colorado bookmakers require you to click an opt-in button like Bet365 to activate an offer and deposit. It’s always clearly visible under your account dashboard, giving you easy access to what’s required.  

Recap 

If you are fortunate to live in Colorado and looking for enticing sportsbook welcome offers, then we have picked the top seven sites that all offer generous bonuses from second chance bets to bet and get. Always check the terms first to understand what’s required, and happy betting! 

All Colorado Sports Betting Offers and Bonuses

Colorado Sportsbook Bonuses FAQs 

Who has the best Colorado sportsbook bonus? 

The Bet365 welcome offers are excellent. It lets you choose your preferred bonus of a bet and get up to $150 or $1,000 in second-chance bets.  

What is the code for bet365 Colorado bonus?

Use USB365 to claim you bet credits at bet365. Terms apply.

What is the bonus code for betMGM Colorado sportsbook?

Use USDOTBET code to claim current betMGM welcome bonus in Colorado. Terms apply.

Can I trust the Colorado sportsbooks? 

Licensed and regulated by the Colorado Gaming Board, our recommended bookmakers are safe, secure, and legitimate. 

Can only new customers claim free bets at Colorado sportsbooks? 

Once you’ve completed the welcome bonus, you will find many promotions for existing customers, like free bets, cashback, and bet boosts to enhance your winnings.