Colorado Sportsbook Promos: $5,700 in Bonuses Feb. 2025

Colorado sports betting promo codes

Lucrative sign-up bonuses and choices await Colorado sports bettors in 2025, with 13 legal sportsbooks and sports betting apps.

Snag the best Colorado sportsbook promos to boost your bankroll today:

Colorado sportsbook promos summary

1. BetMGM Colorado welcome offer

$1,500 First Bet Offer

Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER.

CVRBONUS1500

Claim $1,500

BetMGM understands the influence sportsbook bonuses have on acquiring new customers. Its latest '$1,500 First Bet Offer' appeals to the broadest possible demographic, especially since you just need to input the BetMGM bonus code 'CVRBONUS1500' to nab this offer.

BetMGM’s active new player promotion has a comprehensive list of terms and conditions. Below are five of the most important:  

• You must deposit a minimum of $10.
  
  
• Make a minimum $10 initial wager on any sports betting market, and, if you lose, receive an equal stack back, up to $1,500 in bonus bets when the wager settles. 
  
  
• All bonus bets will be credited to your account within 24 hours.
  
  
• You will receive five $300 bonus bets. Each bonus bet cannot be spread across multiple wagers and must be redeemed within seven days (168 hours). 
  
  
• You will only receive the winnings, not the stake, on bets that utilize bonus bets.

BetMGM promo pros and cons:

Credit comes divided and can be used on multiple follow-up bets

Bonus bets deposited within 24 hours of bet settling

Bonus bets must be used within seven days (168 hours)

Only winnings paid out on bets utilizing bonus bets

2. Caesars Colorado welcome offer

10 100% Profit Boosts

Code: COVERSBONUSDYW

 Claim $1,059

One of the best Colorado betting bonuses, Caesars Sportsbook's latest promo is available to all new customers. 

To redeem the '10 100% Profit Boosts' offer, make sure to use Caesars Sportsbook promo code 'COVERSBONUSDYW' and read the following terms and conditions carefully:

• You must make a qualifying $10 deposit. 
  
  
• Make an initial $1 wager on any sports betting market. If it wins or loses, you'll receive 10 100% profit boosts, each worth up to $2,500. 
  
  
• You cannot stack your tokens or combine them with any other offer. 
  
  
• You have 14 days to use the bonus. 
  
  
• Caesars does not include bonus amounts in winnings earned from bonus bets. This Covers-verified Caesars Sportsbook promo is valid until April 15, 2025. 

Want to learn more? Check out our Caesars Sportsbook review. 

Caesars promo pros and cons:

High total value

Easy to claim

You have 14 days to use the bonus

Cannot use tokens on multiple wagers

Bonus amount not included in payouts

3. bet365 Colorado welcome offer

Bet $5, Get $100 & 2 Months of Altitude+

Code: CVSBONUS

 Claim $100

We typically prefer welcome bonuses that do not require customers to go into their own pockets. However, the $5 investment to secure $100 in guaranteed bonus bets earns top marks from us in Colorado. New bet365 sports bettors receive $100 in bonus bets with a $5 initial wager on any market. The best part? Losing bettors still get $100 in bonus bets. Here's what you need to know about this sports betting promotion: 

• Enter the exclusive bet365 bonus code 'CVSBONUS' during sign-up.
  
  
• Make a minimum deposit of at least $10 following your account creation.
  
  
• Place a $5 bet on any market within 30 days of registering your account. You'll also get a two-month trial to Altitude+. 
  
  
• The initial wager must be on any NBA and NHL market and include odds of +100 or greater to score the free trial. 
  
  
• Bonus expires seven days from issuance. This offer is valid until Feb. 27, 2025, at 6:59 a.m. ET.

We provide additional information about this operator in our bet365 review. 

bet365 promo pros and cons:

Guaranteed $100 in bonus bets

Extremely low wagering requirement

Two months of Altitude+

Still requires a $10 real-money deposit

Bet credits do not equate to winnings

Bets tied to events with odds of -500 or better

4. FanDuel Colorado welcome offer

Bet $5, Win $150

New customers only. Deposit min. $5. Place first bet of min $5 and get $150 in bonus bets if your bet wins.

Claim $150

FanDuel is renowned in the industry for perpetually pushing the welcome bonus envelope. The sportsbook executes its sign-up offers expertly, continuously garnering swaths of new bettors. FanDuel's current offer is undoubtedly among the best Colorado betting bonuses.  

Here are five of the more crucial stipulations of FanDuel’s bonus offer: 

• No FanDuel promo code is required, but you must download the FanDuel mobile app to claim this offer.
  
  
• An initial minimum deposit of at least $5 and a $5 wager on any sports market is required to qualify for the bonus.
  
  
• FanDuel will issue $150 in bonus bets if your first bet settles as a win.
  
  
• FanDuel will deposit your bonus into your account within 72 hours of your first bet settling.
  
  
• You may use your bonus bets on any sports betting market. Any unused portions of your bonus bet credit will expire after seven days (168 hours). The promotion, which also gives you access to a daily boost or bonus, is valid until March 9, 2025.

Refer to our FanDuel review for additional info. 

FanDuel promo pros and cons:

Lots of value in a $5 wager

Use bonus bets on multiple future wagers

Bonus bets can be used on any market

It can take up to 72 hours to receive bonus bets

Latest CO betting news

5. Fanatics Sportsbook Colorado welcome offer

$1,000 in No Sweat Bets

New customers only. Deposit min. $5. Place a min. $1 daily first bet and, if the wager loses, get up to a $100 no sweat bonus bet for 10 consecutive days. Daily bonus issued within 72 hours.

Claim $1,000

PointsBet Colorado users have been migrated to the Fanatics Sportsbook platform, and the early returns are promising. Fanatics boasts an impressive mobile app and is offering new customers up to $1,000 in bonus bets.

Everything you need to know about this enticing welcome offer is outlined here:

• You can claim this offer without using a Fanatics Sportsbook promo code.
   
• A minimum $10 deposit and $1 wager is required. Minimum odds of -500 apply.
  
  
• Fanatics Sportsbook will match your first bet if it settles as a loss, up to $100, during your first 10 days using the platform. The bonuses are issued within 72 hours of each wager settling.
  
  
• If you do not place an eligible wager during any of your first 10 days of betting, you forfeit your bonus for that day.
  
  
• All bonus bets are non-withdrawable and expire seven days (168 hours) from issuance. This Fanatics Sportsbook promo is valid until May 31, 2025. 

Read our Fanatics Sportsbook review to learn more about Fanatics Sportsbook Colorado. 

Fanatics Sportsbook promo pros and cons:

Receive up to 10 $100 bonuses

Bet anywhere from $1 to $100 each day to trigger a bonus

Clear and favorable terms and conditions

Bonus bets expire in seven days (168 hours)

If you forget to make a wager, you lose your bonus for that day

Must lose bet to get bonus

6. DraftKings Colorado welcome offer

Bet $5, Get $150 Instantly

New customers only. Deposit min. $5. Place first bet of min. $5 and get $150 in bonus bets.

Available in Colorado

Claim $150

DraftKings Sportsbook is offering new users an easy-to-claim bonus in the form of 'Bet $5, Get $150 Instantly' welcome promo. Though no DraftKings promo code is required to claim this enticing offer, there are several terms and conditions to consider:

• This offer is for first-time users only. 
  
  
• Upon creating your account, you must make a minimum $5 deposit and wager to qualify for this sportsbook promo.
  
  
• Your initial wager can be placed on any available sports betting market.
  
  
• Win or lose, DraftKings will dish out $150 via six $25 bonus bets.
  
  
• Each bonus bet is valid for seven days (168 hours). The bonus bets come with a 1x wagering requirement. 
  
  
• The offer ends on March 16, 2025, at 11:59 p.m. ET.
  
  
• You can also access a secondary '20% deposit match up to $1,000' welcome offer, which is valid until June 30, 2025.

Our DraftKings review goes into extensive detail about this welcome offer and additional key features the sportsbook offers.

DraftKings promo pros and cons:

Easily obtainable

Future wagering flexibility

The bonus bets expire seven days (168 hours) from issuance

DraftKings responsible gaming  

One bonus per new customer. Min. $5 deposit. Min. $5 bet. Get max. $150 issued as non-withdrawable bonus bets that expire in seven days (168 hours). Stake not included with payout. Offer only for eligible subscribers & must be redeemed by 11:59 p.m. on March 16, 2025. 

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).[1.5%] 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. Terms: draftkings.com/sportsbook. On behalf of Boot Hill Casino & Resort (KS).

Most common sign-up bonuses

Colorado sports betting companies have a multitude of bonuses in their arsenals to attract new users, but the three most popular are second chance bets, deposit matches, and no-deposit bonuses. Make sure to visit our most common sportsbook sign-up bonuses guide for even more information.

Second chance bet

Second chance bets are an excellent way for bettors to wager unfettered, without concern of losing. If a user’s first bet fails, the sportsbook returns the amount wagered up to a specified number. 

If the Colorado Rockies are heavy underdogs, but you feel they have a good chance of winning, a second chance bet allows you the opportunity to commit to the wager without worrying about a potential loss. Should the Rockies win, you’ll walk away with maximum profit. If they lose, the sportsbook will reimburse the stake, providing a do-over opportunity on its dime. 

Deposit match

A deposit match is a guaranteed bonus offer that sees a sportsbook credit a user’s account with the same amount initially deposited, up to a pre-specified maximum. It immediately doubles the bettor’s wallet, making for a rather enticing promotion. 

Sportsbooks offer a wide range of deposit matches, from 50% to 100% to even more lucrative 200%, even 300% offers. The most common deposit match is 100%. 

No deposit bonus

No deposit bonuses are typically used as a welcome bonus or as part of a big-event promotion, like the Super Bowl, March Madness, or the NBA Finals. The sportsbook deposits credit on the user’s behalf to secure the bettor’s initial business. After wagering on the sportsbook’s dime, the new user is more likely to deposit their own funds and become a loyal patron. 

What online sportsbooks can I use in Colorado?

There are currently 13 active online sports betting sites taking wagers in Colorado — more than anywhere else in the United States. BetMGM, BetRivers, DraftKings, and FanDuel were the first legal online sportsbooks to accept mobile wagers in the Centennial State. You can check out the full list — including the best new betting sites — here:

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