Fanatics Sportsbook Colorado Promo Code: Get $200 Sign-Up Offer for CO Launch This Week

Fanatics Sportsbook is now live in another state, with Colorado joining the fray on Monday morning.

Use the module below to activate the offer. And each day, opt-in on the promos page before placing your $10 bet to get $40 in bonus bets for five days, totaling $200.

The apparel giant continues transitioning PointsBet states to its platform following its purchase of the Australian sportsbook over the summer, with more states expected to follow in the coming months.

Colorado joins Virginia, Kentucky, Maryland, Massachusetts, Ohio, West Virginia and Tennessee as live Fanatics states, and users in all those locations can claim the welcome offer with the Fanatics Sportsbook promo offer. Fanatics provides $200 total in bonus bets, but over five days. New users must wager $10 per day for their first five days on the platform, and they'll get $40 in FanCash (aka bonus bets) each day.

New customers in other states can check out the best betting sites & sportsbooks for a welcome bonus in their state.

How FanCash Works at Fanatics

Fanatics has taken a different approach to bonus bets than other sportsbooks, with its FanCash. FanCash can be converted 1-1 to bonus bets, or it can be used in the Fanatics store for merchandise, collectibles and other items.

But if you do want to use them as bonus bets, it works the same as other sites. FanCash converts 1-1 to bonus bets and you keep any profits from those bonus bet wagers, but not the bet amount itself.

So a $10 wager with bonus bets at +300 pays $30 cash, but you don't keep the $10.

So how can you use these bonus bets/FanCash? Action Network's +EV betting guide does an excellent job explaining bonus bets. Basically, you'll want to use them on a line in the +300 to +700 range. This gives bettors more expected value while not taking a massive longshot.

Fanatics allows the first $10 bet each day and eventual bonus bet to be used on any sporting event. Colorado users should be eager to check it out, but we can't forget it's also available in Kentucky, Maryland, Massachusetts, Ohio, Tennessee,Virginia and West Virginia.

Signup Process for Fanatics Sportsbook

Step 1. Go to the Fanatics Sportsbook website or download the app

Step 2. Navigate to the registration/signup section of the page

Step 3. Enter the required account information (i.e., Name, Address, Username, Password, Email Address, etc.)

Step 4. Verify your identity (i.e., Last 4 of your SSN, ID picture, etc.)

Step 5. Agree to terms and conditions

Step 6. Deposit and claim the welcome offer using the Fanatics Sportsbook promo code

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