Colorado Sports Betting Promo Codes: How to Claim $2,250 in Bonus Offers in CO Today!

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Justin Edmonds/Getty Images. Pictured: Broncos mascot

May 04, 2020, 10:00 AM EDT
  • Sports betting is officially live in Colorado, and the new betting sites/apps in the state are rolling out a ton of offers for bettors.
  • Below we'll detail all of the offers available to you, including some juicy Broncos odds boosts at both DraftKings and FanDuel.

One of the best parts about online sports betting coming to your state is the aggressive offers that sites/apps will float.

And that’s exactly what we’re seeing in Colorado, as four sportsbooks started accepting bets on Friday: DraftKings, BetRivers, BetMGM and FanDuel.

The good news for you? You’re not limited to claiming just one sportsbook’s offer.

Here are all of the offers from Colorado sports betting sites. As a reminder: You do not need to be a Colorado resident to open an online sports betting account; you simply need to be inside the state’s border. You can deposit online, as well.

See more Colorado sports betting FAQs here.

Colorado Sports Betting Offers & Promo Codes

DraftKings Sportsbook

  • Promo Code: No promo code needed; just click this link!
  • Offer: $1,000 sign-up bonus

More info: DraftKings’ $1,000 sign-up bonus comes in form of a $500 first bet match and a $500 deposit match. The first-bet match is relatively simple: DraftKings instantly matches your first bet dollar-for-dollar, up to $500.

For example, if you place a $200 wager on UFC 249, DraftKings will instantly deposit $200 in free bets into your account. You can then withdraw whatever you turn those bonus bets into if you so choose.

The deposit match will be 20% of your first initial deposit. So if you fund your account with $100 in cash, you’ll be eligible for a $20 deposit match.

Bonus DraftKings offer! Bet Broncos Over 6.5 wins at EVEN odds

After signing up for a DraftKings Sportsbook account, you’ll notice another special offer from DK: The option to bet the Denver Broncos’ win total at a VERY attractive price, boosting the odds from -305 to +100.

This promotion comes with a $50 max wager and would profit $50 if it wins. It’s a limited-time offer from DraftKings (it will run through May 5). Given that Over 6.5 wins would usually carry odds of -305 and other sportsbooks have the Broncos’ win total posted at 7.5, this is a terrific value.

Pro tip: You should absolutely bet on this prop, but we wouldn’t suggest making this your first wager. As described above, DraftKings will give you bonus bets equal to your first bet amount (first bet = $500; instant bonus bets in your account = $500), so it makes the most sense to have your first bet be larger than the $50 max allowed for the Broncos win total promotion.

[Check out DraftKings today to claim your $1,000 sign-up bonus]


BetMGM Sportsbook

  • Promo Code: No promo code needed; just click this link!
  • Offer: Risk-free bet, up to $500

More info: Pick a bet, any bet, and put up to $500 on it. If it wins, congrats! The cash winnings will be credited to your account right away. If it loses, BetMGM will refund your bet amount, up to $500, in the form of bonus wagers. Once you put those bonus bets back in place once, you’re able to withdraw your winnings.


BetRivers Sportsbook

  • Promo Code: Click this link + enter promo code 250MATCH
  • Offer: 100% deposit match, up to $250

More info: This is a great offer. BetRivers will match your first deposit dollar-for-dollar, up to $250. So if you deposit $200 in cash, you’ll have $200 in bonus bets also in your account instantly. BetRivers only requires you to rollover those bonus bets once before you’re able to withdraw them.

Here’s what that means in a real-world example: Let’s say you put all $200 of your bonus bets on Tony Ferguson to win his UFC 249 fight at EVEN odds. If Ferguson ends up winning, you’ll have $200 added to your regular cash balance on BetRivers. You can then withdraw $200 if you want, or leave it in your account.


FanDuel Sportsbook

  • Promo Code: No promo code needed; just click this link!
  • Offer: Risk-free bet, up to $500

More info: Let’s say you really want to bet on the Denver Broncos to make the playoffs for this upcoming season. FanDuel is offering +162 odds for that prop, and if you make it your very first wager at FanDuel, you could essentially bet on this risk-free (up to $500).

That means if you put, say, $400 on the Broncos to make the playoffs and it wins, you’d take home near $650 in cash. And if it loses, you’re protected: FanDuel will deposit the $400 you lost back into your account in the form of free bets. You can withdraw whatever you turn those free bets into.

[Claim your $500 risk-free bet at FanDuel now]

Bonus FanDuel offer! Jerry Jeudy or K.J. Hamler to Win Rookie of the Year (+1200 odds, boosted from +850)

As you well know, the Broncos focused the majority of their high-level draft picks on getting QB Drew Tate more weapons, namely Alabama WR Jerry Jeudy and Penn State WR K.J. Hamler. Every other sportsbook will make you choose between the two when betting the Rookie of the Year market, but at FanDuel you can place a combo bet and it cashes if either Jeudy or Hamler take home the prize. Even better, FD has boosted the odds for this prop from +850 to +1200, so if you bet $50 on it, you’d take home 600 in profit.

Important note: This prop comes with a max wager of $50, so we wouldn’t suggest making it your very first bet, since, as described above, you can get a free-roll up to $500 with your first wager at FanDuel.


More Colorado Sports Betting Coverage

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