TOP COLORADO SPORTSBOOK PROMOS & BONUSES

1. What Are Colorado Sportsbook Promos?

Colorado sportsbook promos are bonus offers like free bets, deposit matches, and risk-free wagers that help bettors reduce risk and increase potential winnings. These offers are available from licensed sportsbooks and are commonly used to attract and reward new users.

• Promos include free bets, risk-free bets, and profit or odds boosts.
• No-deposit bonuses and reload offers may also be available.
• Major sportsbooks in Colorado offering promos: DraftKings, FanDuel, Caesars, BetMGM, Bet365.
• Some offers require a minimum deposit or qualifying wager.
• Promos usually come with wagering requirements and time limits.

2. What Type of Sportsbook Promos Are Available in Colorado?

Sports betting has rapidly evolved in Colorado, now offering a range of exciting sportsbook promos for both new and seasoned bettors. Whether it's placing wagers on your favorite teams or exploring dynamic betting markets, sports betting provides a thrilling experience. Enthusiasts can utilize various promos to enhance their betting adventures.

There are several types of Colorado sports betting promos available, including various promo and bonus codes from sportsbooks such as DraftKings, Bet365, Caesars sportsbook, ESPN bet, BetMGM and FanDuel. These include:

1. Free Bets: With a free bet the sportsbook will gift you bonus site credit after you place a bet. This is the most common form of welcome bonus. E.g. 'Bet $5 get a $150 free bet. 
   
   Also Known As: Bonus bets, "bet x get x" offers, free plays, bonus credits.
   
   
   
2. Risk-Free Bets: With risk-free bets, the sportsbook refunds your stake if your bet loses (usually in the form of a free bet). E.g. a sportsbook offers a $100 risk free bet, if you wager $100 and win, you take the winnings. If you lose, you are refunded your $100.
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: With a deposit bonus, the sportsbook will offer an additional percentage bonus on top of your initial deposit amount. E.g. if the offer is a 50% deposit bonus and you deposit $100, the sportsbook will offer you an extra $50. 
   
   Also Known As: Deposit Matches.
   
   
   
4. No Deposit Bonuses: As the name suggests, no deposit bonuses don't require a deposit to be gifted. E.g. with a $300 no deposit bonus, after you sign up the sportsbook will immediately fund your account with $300 (usually in free bets). 
   
   Also known As: No deposit cash.
   
   
   
5. Reload Offers: Unlike welcome bonuses, reload offers are promos that can be offered to sportsbook customers long after they've signed up. Coming in many forms, from free bets to enhanced odds, these offers provide continued value for bettors.
   
   Also Known As: Reload bonuses, ongoing offers.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to a person’s profits on a wager should they win. For example, if the sportsbook adds a 50% profit boost to a game and you earn $100 profit from it, the sportsbook will up your profit to $150. 
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: With odds boosts, the sportsbook enhances the odds on a certain bet (usually a prop bet). This enables bettors to earn higher winnings from the same stake. E.g. Houston Astros & Colorado Rockies both to win, was +190, now 240+. 
   
   Also Known As: Enhanced odds, price boosts.
   
   

Promo Types at a Glance

3. How to Find the Best Colorado Sportsbook Promo Codes

Finding the best Colorado sportsbook promo codes doesn’t have to be overwhelming. Start by heading to the top of this page. You'll find consistently updated and verified promo codes from the highest-value and easiest-to-convert offers. Always read the T&Cs to check for minimum odds, qualifying bets, or deposit requirements tied to the code.

Visiting the promotions pages of licensed sportsbooks operating in Colorado like DraftKings, Bet365, FanDuel, or Caesars is also a good idea. Many promos are applied automatically, but some require entering a code during sign-up or deposit.

Reddit forums and local sports media like Mile High Sports or Colorado Sharp often share timely promos during local events. Bookmark trusted sites and look for “Bet $5, Get $150” or similar welcome offers that provide strong value with low risk.

Top Colorado Sports Betting Seasons & Promo Opportunities

4. Which Sportsbooks in Colorado Offer Promos?

There are several sportsbook companies that offer promos in Colorado, catering specifically to the sports betting market. These include:

1. BetMGM
2. BetFred
3. Bet365
4. BetRivers
5. Betway
6. Caesars Sportsbook
7. Clutchbet
8. DraftKings
9. ESPN
10. Fanatics
11. FanDuel
12. SI Sportsbook
13. SportTrade
14. SuperBook
15. Tipico
    
    

Are There Colorado-Only Sportsbook Promos?

Yes! Colorado sportsbook promos sometimes include exclusive, Colorado-only bonuses. These are special offers geo-targeted at users located within Colorado and often tied to local teams like the Denver Broncos, Colorado Rockies, or Denver Nuggets.

For example, you might see a “Bet $10 on the Broncos, get $50 in bonus bets” promo during NFL season. These offers are typically unavailable to users in other states and are part of the sportsbook’s strategy to attract loyal local bettors.

Colorado-only promos may also include higher-value deposit matches, lower wagering requirements, or odds boosts on regional matchups. To access them, make sure location permissions are enabled on your device, and check for in-app notifications or promo banners specific to Colorado.

5. When Was Sports Betting Legalized in Colorado?

Colorado sports betting was legalized on May 1, 2020. The state passed Proposition DD in November 2019, allowing for the regulation and taxation of sports betting. Since then, Colorado has become a popular destination for sports bettors, with numerous online sportsbooks operating in the state such as BetMGM, FanDuel and DraftKings.

With the growing popularity of sports betting, Colorado's legislative body ensures a regulated and secure betting environment. It aims to protect sports bettors' interests, making it essential that sportsbooks are licensed and follow legal guidelines. This makes sure that sports betting stays safe and fair.

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What The Data Says

"Since launching in May 2020, Colorado sports bettors have wagered more than $12 billion, highlighting just how much opportunity exists for those taking advantage of sportsbook promos and offers."

- Play Colorado

6. Who Can Access Colorado Sportsbook Promos?

Anyone within Colorado state borders is able to access and earn money from Colorado sports betting. It's important to note that you don't have to be a Colorado resident to claim these sportsbook promos. This rule applies to all U.S. states where online sports betting is legal.

Many bettors find bonus bets, with sportsbooks such as FanDuel, an exciting proposition because they provide a way to engage with sports betting without using their own money. This makes it easier for newcomers to test different sportsbooks and find terms that best complement their betting strategies without having to commit upfront.

As long as you are physically located within Colorado, you can take advantage of the promos and bonus bets offered by the sportsbooks operating in the state.

7. Which States Close to Colorado Offer Sportsbook Promos?

The five closest states to Colorado that offer sportsbook promos are:

1. Nevada
2. Wyoming
3. Kansas
4. Arizona
5. Oregon
   

8. What Are Colorado Sportsbook Promo T&Cs?

When participating in Colorado sportsbook promos and using bonus bets, it's important to be aware of the terms and conditions. Some common T&Cs associated with sports betting on sites like FanDuel include:

1. Minimum Bet Requirements: Some promos may require a minimum bet amount to qualify.
   
   
2. Time Limits: Promos and bonus bets may have a specific time period during which they are valid.
   
   
3. Wagering Requirements: Certain promos may require you to wager a certain amount before you can withdraw any winnings.
   
   
4. Odds Restrictions: Some promos may require wagers to be placed at or above specific odds.
   
   
5. Expiration Dates: Promos may have an expiration date, after which they are no longer valid.
   
   
6. Eligible Bet Types: Certain bet types may not be eligible for specific promos.
   
   
7. One-Time Use: Some promos may only be available once per user.
   
   
8. Maximum Payout Limits: There may be a maximum amount you can win from a promo.
   
   
9. Restrictions on Bonus Bets: If a promo offers bonus bets and funds, there may be restrictions on how they can be used.
   
   
10. Verification Requirements: Sportsbooks may require you to verify your identity before you can claim a promo.
    
    

Why T&Cs Matter

9. What Sports Betting Resources Are Popular in Colorado?

In Colorado, there are several popular resources, websites, and media outlets for Colorado sports betting news and advice. Some of these include:

• The Denver Post: This local newspaper covers sports betting news and provides expert analysis.
  
  
• Colorado Sharp: An online platform dedicated to sports betting in Colorado, offering news, tips and reviews.
  
  
• Mile High Sports: A local sports media outlet that covers all things related to Colorado sports, including betting.
  
  
• ProfitDuel: The US's number 1 resource for finding, ranking and helping convert sportsbook promos into cash, every Colorado-based sports bettor can benefit from ProfitDuel's industry-leading software. 

10. How Do We Rate and Review Colorado Promos & Bonuses?

Our team of sports betting experts have racked up decades of experience sourcing and converting sportsbook promos across the US and Europe. Using their industry know-how and the latest promo comparison software, they analyze, rate and rank the top bonuses in each state so you don't have to.

Six of the most important factors they consider when rating promos are:

• Maximum Bonus Value: While higher amounts are appealing, bigger isn't always better, as larger bonuses can be more difficult to obtain.
  
  
• Personal Investment: Most bonuses require a minimum deposit or wager to activate.
  
  
• Ease of Use: In most cases bonuses are pretty easy to claim - often requiring a small deposit to unlock. However, some promos have slightly more complex rules.
  
  
• Playthrough Requirements & Odds Restrictions: Typically, bonuses cannot be immediately withdrawn as cash; you must wager the bonus amount a certain number of times first.
  
  
• Bonus Expiry Date: It's important to know how long you have to use the bonus funds and whether that timeframe is sufficient.
  
  
• Additional Perks: Some bonuses include extra rewards points or bonus spins at the sportsbook's casino.

While we'll do everything possible to bring you the best sportsbook promos in your state every month, it's important to be aware of the potential risks that can come with these bonuses.

Check out our sportsbook reviews for more info. Or, if you're interested in casino promos, read our expert casino reviews to find the best bonuses for you.

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What Our Experts Say

"Colorado’s sportsbook promo landscape has matured quickly. Bettors now have access to high-value bonuses like deposit matches, odds boosts, and geo-targeted offers tied to local teams. But understanding the fine print is crucial if you want to turn promos into real value."

- Chris Allen, Sports & Matched Betting Expert at ProfitDuel

11. Are There Any Risks Attached to Sportsbook Promos in Colorado?

While claiming sportsbook promos can be a great way to maximize your betting profits in Colorado, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 free bet, a $1,000 risk free bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through risk free bets. Let's say you're gifted a $500 risk free bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a free bet). Place this free bet on the losing side and you've just lost $500 to the sportsbook.
  
  
• Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can bank profits from sportsbook promos.

Sound too good to be true? Read the next section. 

12. How to Maximize Profit From Sportsbook Promos & Bonuses

While it's true that risks can happen when claiming Colorado sportsbook promos, there's one clever technique that can help you bank profits every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes, so no matter who wins, you win. Repeat this process using your new promo and voila! You've locked in a profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

That's where we come in.

At ProfitDuel we have over 10 years' experience in the matched betting industry. In that time we've provided the software, strategies and one-to-one support to help 500,000+ members in the US & Europe earn profits each month. 

To learn how you could join them, read the 5 simple steps in our free guide to converting sportsbook promos. Done that and want to try promo conversion yourself? Start your ProfitDuel trial today!

Quickfire Colorado Sportsbook Promos FAQ

How do I qualify for Colorado sportsbook promos?
To qualify, you must be physically located in Colorado and meet the sportsbook’s eligibility requirements, such as age (21+) and identity verification. Some offers require a first deposit or bet, while others may activate automatically upon sign-up.

Do I need a promo code to get sportsbook bonuses in Colorado?
Not always. Some Colorado sportsbooks auto-apply promos, while others require a promo code during sign-up or deposit. Always check the offer’s instructions carefully to avoid missing out on rewards.

Are Colorado sportsbook promos better during NFL season?
While this isn't something that can be said for certain, NFL season is generally a good time for sportsbook promos in Colorado, especially for Denver Broncos games. Look out for enhanced odds, bigger bonus bets, and exclusive state-specific offers during high-traffic sports periods like the NFL, NBA, and March Madness.

Can I use multiple sportsbook promos in Colorado?
You can! Usually this will be one welcome promo per sportsbook, but you can sign up with multiple sportsbooks in Colorado. This allows you to claim each welcome bonus separately and maximize your overall promo value. And don't forget that once you've signed up to a sportsbook, you'll receive ongoing promos as an existing customer.

What’s the difference between free bets and risk-free bets?
A free bet gives you site credit upfront to wager with. A risk-free bet refunds your stake (usually as site credit) only if your first wager loses.

Are there any sportsbook promos exclusive to Colorado users?
Obviously this depends on individual sportsbooks but yeah many sportsbooks run Colorado-only promos, often linked to local teams like the Broncos or Nuggets. These may include enhanced odds, bet-and-get offers, or lower wagering requirements, so it's always worth keeping an eye out.

Do Colorado sportsbook promos expire?
Usually, yes. In fact, most promos have expiration dates, often within 7–30 days of claiming. Bonus funds and free bets typically expire faster, so check the terms before using them.

Can I withdraw Colorado promo winnings as cash?
Only if the promo terms are met. For example, you may need to wager the bonus amount a certain number of times before withdrawal. Always review the wagering requirements first.

Are Colorado sportsbook bonuses taxable?
Unfortunately there are, yes. In Colorado, winnings from sportsbook promos are considered taxable income. Keep track of your earnings and consult a tax advisor or IRS guidelines during tax season.

What’s the safest way to profit from Colorado sportsbook promos?
Matched betting (also known as free bet conversion) is the safest way. This involves placing a qualifying bet at one sportsbook and then covering the other outcome at a second sportsbook to lock in a profit, regardless of the result.