Colorado Online Sports Betting Bonuses July 2021

Colorado online sports betting launched over a year ago. Most of the Colorado online sportsbooks offer sign-up bonuses including free bets and deposit bonuses that attract players to their sites instead of their competitors. Each has its own set of terms and conditions, and we cover them below so you can find the best deal for your level of activity. 

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Best Online Sports Betting Bonuses In Colorado

While most Colorado sportsbooks offer bonuses, some are notable for new bettors. Here are the best Colorado online sports betting bonus offers for July 2021: 

Best Online Sportsbook Apps In Colorado  

Best for a $600 risk-free bet to be refunded as multiple free bets

$600 Risk Free Bet On BetMGM's Website

Available On: Web Browser, iOS, Android

States Allowed: CO, IN, IA, MI, NJ, NV, PA, TN, WV, VA, DC

Best for a $600 risk-free bet to be refunded as multiple free bets

BetMGM Colorado

Risk-Free Bet



Retail Partner

Midnight Rose Hotel & Casino

In Cripple Creek

Licensed By

Gaming Division

Colorado Department of Revenue

Bet MGM is operated by MGM Resorts out of Las Vegas. It offers a risk-free bet of up to $600. However, bettors must use their first bet to take advantage of this bonus. If bettors lose their first bet, then BetMGM will add risk-free bets to bettor accounts. If bettors wager $49 or less, they’ll get one risk-free bet that’s equal to their first bet.

If bettors wager $50 or more, then bettors will get five risk-free bets that are each worth a fifth of their first bet. So, a $600 losing wager would get bettors six $100 risk-free bets. It’s a little confusing, but the bottom line is bettors will get their losing stake back in the form of risk-free bets. 

  • Risk-free bet bonus offer
  • Good mobile app
  • Deposit options

Best for a $1,000 risk-free bet refunded as betting credits

$1000 Risk Free Bet On FanDuel's Website

Available On: Web Browser, iOS, Android

States Allowed: CO, IL, NJ, PA, IN, IA, WV, TN, MI, VA

Best for a $1,000 risk-free bet refunded as betting credits

FanDuel Colorado

Risk-Free Bet


On First Bet

Retail Partner

Golden Gates Casino

in Black Hawk

Licensed By

Gaming Division

Colorado Department of Revenue

FanDuel is another licensed daily fantasy sports company that entered the legal sports betting industry in Colorado. You receive $5 in your account immediately upon signing up. You’ll receive another $5 upon making a deposit. FanDuel’s main welcome bonus is its $1,000 risk-free bet.

You’ll receive a free bet for your first wager’s amount. If it loses, your account is reimbursed for the losses, up to $1,000. Winnings are eligible for cashout, but the site credits cannot be withdrawn.

  • Popular betting lines
  • Good deposit options

Best for a simple $500 risk-free bet refunded as a free bet of equal value

$500 Risk Free Bet On William Hill's Website

Available On: Web Browser, iOS, Android

States Allowed: CO, IN, IA, MI, NJ, NV, WV, VA, IL, DC

Best for a simple $500 risk-free bet refunded as a free bet of equal value

William Hill Colorado



On First Bet

Retail Partner

Isle Casino Hotel

in Black Hawk

Licensed By

Gaming Division

Colorado Department of Revenue

Defense Dollars: Wager $50 or more on the pregame or full game spread on the Washington Huskies vs. Oregon Ducks game. Earn a free bet for your team’s defense: 

  • $1 per sack
  • $2 per fumble recovery
  • $3 per interception 
  • $7 per defensive touchdown 
  • $10 per safety

Remember, the risk-free bet must be used within seven days from the date it’s awarded. Don’t let that free bet go to waste!

  • Convenient banking options
  • Risk-free bet offer

Other Sportsbook Apps Available In Colorado

BetRivers Colorado

Bonus: 100% up to $250 Deposit Match

Claim Bonus: BetRivers Sportsbook Bonus of $250

Colorado became the fourth state BetRivers launched in after Pennsylvania, Indiana, and Illinois. It launched in Iowa shortly afterward too. BetRivers is owned by Rush Street Interactive, the same company that operates SugarHouse Online. BetRivers has a number of loyalty perks and rewards to Colorado sports bettors and is offering up to a $250 match for deposits through our exclusive link. BetRivers will match each dollar bettors deposit with a site credit up to $250. Bettors also have to use that money to bet, with BetRivers releasing one site credit for every dollar in wagers. It has the best rate of reward among Colorado deposit bonuses. But it’s far from the largest.  

DraftKings Sportsbook Colorado

Promo: 20% up to $1000 on deposit.

Claim Promo: DraftKings Sportsbook Bonus of $1,000

DraftKings is best known in Colorado as a legal daily fantasy sports site. It’s been a licensed daily fantasy site in Colorado since 2016. Now you can bet on sports through DraftKings’ app and website.

New DraftKings sportsbook players can earn up to $1,000 in deposit bonuses. When making a deposit, bettors can earn $1 in site credits for every $5 they deposit, up to $1000. That means a $5,000 deposit would receive the maximum bonus. However, DraftKings also has a playthrough requirement. Bettors get $1 in site credits for every $25 they ager after depositing. Bettors have 90 days to meet the playthrough requirement to maximize this bonus. You’ll be rewarded in proportion to how much you deposit and wager, so make your first deposit and subsequent bets count!  

Additional terms and conditions apply.

PointsBet Colorado

Promo: 2 Risk-Free Bets up to $2,000

Claim Promo: PointsBet Sportsbook $2,000 Risk-Free Bets – Use Bonus Code BIGBONUS

PointsBet offers a little something different-a dual risk-free bonus bet offer. New accounts can receive two risk-free bets, one up to $500 on a fixed-odds bet, and $1,500 for PointsBetting. PointsBetting is a spread bet which allows bettors to wager on how much their team will cover the spread by. The reward multiplies depending on how far over the threshold your team is when the game concludes. If you can guess how much you’ll win, you can be rewarded exponentially. But it’s a tricky bet. Best of luck if you attempt it.

Bonus: 100% match up to $150

Claim Bonus: $150 deposit bonus launched in Colorado after partnering with Johnny Nolon’s. offers a 100% match up to $150 deposit bonus for new customers.

FOX Bet Colorado

Bonus: $500 Risk-Free Bet 

FOX Bet offers new players a $500 risk-free bet on their first wager. However, it’s only good for your first wager, so make sure you don’t miss it. Bettors must place a bet on a line with odds of -200 or more to qualify. If you lose, you’ll get site credits that match your stake up to $500. If you win, then congratulations. Enjoy your winnings. 


Bonus: None available

BetMonarch is the first homegrown sportsbook to launch in Colorado, both owned and operated locally. The new app launched in May 2020, about a week after Colorado legal sports betting went live. As the name suggests, BetMonarch is attached to the Monarch Casino in Black Hawk, and bettors will also be able to place bets at the retail sportsbook in person once Colorado casinos reopen.


Bonus: None Available 

SBK is an online sportsbook from Smarkets, a European sports betting company based in the UK. SBK launched on June 4 and gets its odds from its betting exchange overseas. That means that SBK’s odds are particularly competitive. But Colorado sportsbooks that offer bonuses or boosts can have better odds on certain lines than SBK. 

Sky Ute Sportsbook

Bonus: None Available

Sky Ute Sportsbook is the online sportsbook from the Southern Ute Indian Tribe. Sky Ute Sportsbook launched on June 9 and is currently not offering a sign-up or deposit bonus.

Circa Sports

Bonus: None available

Circa Sports is an online sportsbook that started in Las Vegas at the D and Golden Gate. Colorado is its first online sportsbook outside of Nevada and promises to have high limits and great odds. 


Bonus: None Available 

BetWildwood is an online sports betting site operated by Wildwood Casino. It offers no welcome bonuses and tends to have low odds compared to its competitors. 

theScore Bet

Bonus: 100% match up to $1000 and $500 free bet

theScore Bet offers two welcome bonuses: the $1,000 deposit bonus and the $500 risk-free bet.

The deposit bonus rewards bettors for their first deposit, up to $1,000. But to unlock that bonus, bettors need to wager. Bettors get 5% cashback on every wager for 60 days to slowly unlock the cash bonus they earned from their first deposit. That means to get the full $1,000, bettors must:

  • Deposit $1,000 on their first deposit.
  • Wager $20,000 in 60 days. 

Long story short, bettors will be rewarded in proportion to their play. 

theScore Bet also offers a $500 risk-free bet. theScore Bet refunds your first bet if it loses for the amount bettors wagered, up to $500.  

Elite Sportsbook

Bonus: $500 Risk-Free Bet

Elite Sportsbook is partnered with Red Dolly Casino. They are offering first-time users a $500 risk-free bet of up to $500 on their first bet. With a risk-free bet, the first bet is the one to go big on. 

Betfred Sports

Bonus: $500 Risk-Free Bet

Betfred is a European operator that partnered with Saratoga to launch its online sportsbook in Colorado. Betfred is an official partner of the Denver Broncos and offers new players up to a $500 risk-free bet when they sign up.

Superbook Sportsbook

Bonus: None Available 

Superbook is a recent Colorado entrant that promises bonuses soon. Colorado is its first state after Nevada, and it’ll be heading into New Jersey next. 

Colorado Sports Betting Sites Launching Soon:

888 Sportsbook 

888 Sportsbook isn’t here yet. But when it is, it will offer a $500 risk-free bet. However, that could change for Colorado before launching.


Bet365 is a maybe, too. However, if it comes to Colorado, bettors would be able to claim a $100 first deposit bonus. It’d be the smallest deposit bonus in Colorado at that rate. 


BetAmerica is best-known as a horse racing betting company. It is owned and operated by Churchill Downs. It has been licensed in Colorado in the racing industry for years. However, its casino bonus is more generous than its sportsbook bonus. New casino players get a $500 deposit bonus. New sportsbook bettors get what appears to be a $50 risk-free bet. 

Barstool Sportsbook 

Barstool Sportsbook is opening a retail location in Colorado, but the app isn’t live yet. When it is, bettors can claim up to a $1000 risk-free bet. 

Colorado Sports Betting Promotions

Existing users can take part in sports betting promotions offered at many of the Colorado sports betting sites. Deposit bonuses reward bettors for how much they deposit and wager. Risk-free bets refund losing bets with site credits. 

However, bettors will find ongoing bonuses that offer small wagers on popular games. There are lots to see, so bettors should keep an eye out for new promotions. 

Deposit Bonuses

Deposit bonuses appear the most enticing. They reward bettors for how much they deposit upfront. Sportsbooks seem to know that bettors who deposit money will use it, so it makes sense for them to incentivize large deposits. Deposit bonuses are awarded at a rate expressed as a percentage. A 20% deposit bonus, like DraftKings’, awards 20% of a bettor’s deposit in site credits. So, a $100 deposit would earn $20 in site credits. 

However, deposit bonuses often have playthrough requirements too. Bettors need to actually use the money they deposit before unlocking their bonuses. theScore Bet awards 5% of a bettor’s wagers up to the amount they deposited upfront. That way, sportsbooks ensure bettors are actually wagering. 

Risk-Free Bets

Ironically, risk-free bets require bettors to risk their own money upfront. Risk-free bets reimburse bettors for how much they lose on their first bet. The advertised amount is often the maximum bet that bettors can be reimbursed for in full. So, a $500 risk-free bet often means that bettors can lose $500 on their first bet, then get that money back in site credits. However, bettors can’t withdraw the site credits. Bettors can only get their winnings in the bank. Since these bonuses are often only good for the first bet, new bettors often miss the chance to use them. Don’t be one of them. Plan the first bet carefully. 

No-Deposit Bonuses 

These are small, unremarkable bonuses that bettors receive upon sign up. However, these are in the form of site credits too. They’re not free money for bettors to withdraw and use as they please. Bettors must use those credits to wager at their sportsbooks or forfeit them. They’re usually not larger than $50, so don’t get too excited about them. Barstool Sportsbook offers a $10 no-deposit bonus for signing up, knowing they’ll win that money back over time. However, they can help new and nervous bettors try betting for the first time. Sportsbooks likely use these to lure the most cautious of new bettors in, hoping they’ll wager more after using these first site credits. 

Ongoing Event Bonuses

These are other small bonuses that are tied to specific events. BetMGM offers a deal where bettors wager $50 on college basketball and get a $25 free bet for college football. Little bundles like these help spread bets over all the events sportsbooks need money on. 

How To Claim Online Sportsbook Bonuses In State

Claiming bonuses tends to be straightforward. First, bettors have to find the online sportsbook app they want to wager at. That’s as easy as googling the website or searching the app store. Keep in mind that some brands have state-specific apps. If the Colorado app is available, choose that one. And don’t mistake a daily fantasy sports app for a sportsbook. They’re not the same. 

After that, bettors must register for accounts. Creating accounts is similar to any other website. However, sportsbooks require part or all of a bettor’s social security number. That may seem strange to new bettors. However, it’s part of an identity verification step that all licensed Colorado sportsbooks must adhere to. No one wants to award money to money launderers, after all. 

Once bettors are registered, they just have to fulfill the first terms of the welcome bonus. That could mean different things for different bonuses and sportsbooks. For example, DraftKings offers a $1,000 deposit bonus. However, they have different ways to unlock the full promo. DraftKings requires a large deposit upfront followed by a 25:1 playthrough requirement. But theScore Bet only requires a 20:1 playthrough. That means earning the full deposit bonus requires $5,000 less at theScore Bet than at DraftKings. 

But risk-free bets come with their own terms, too. Their terms often hinge on the first wager. That means planning to bet big later is a poor strategy for fulfilling those terms. Read up on bonus terms before wagering if you want to take advantage of them. 

Once the terms are fulfilled, bettors will find the bonus in their accounts. That could be site credits for additional betting or risk-free bets worth redeeming. Bettors should check their accounts and bet slips if they’re looking for the rewards they reaped from their sportsbook bonus. 

Colorado Sports Betting Bonus FAQs

How old do bettors need to be to place online sports bets in Colorado?

21. While daily fantasy sports players only need to be 18, sports bettors must be 21. This staves off a potentially thorny legislative issue. The idea of high school seniors gambling online is unsettling, even to gambling supporters. Raising the sports betting age got around that and likely helped keep mobile sports betting out of high schools.

Can bettors claim bonuses at more than one Colorado sportsbook?

Yes. Because bettors create separate accounts at each sportsbook, they can claim each sportsbook’s bonus. However, they can only claim bonuses once. Each sportsbook account is tied to a social security number. It’s hard to fake two accounts. Even if bettors could borrow a social security number, sportsbooks would suspend that account if they suspected that it was the same person. Sportsbooks have massive sets of data to use to identify duplicate accounts. Fooling them isn’t as easy as bettors may think. 

What are the playthrough requirements for legal online Colorado sportsbooks?

Each playthrough requirement can differ from sportsbook to sportsbook. However, most of them are associated with deposit bonuses. After fulfilling the deposit requirement for a deposit bonus, bettors often have to wager their money to unlock site credits. They can take the form of fixed site credits per dollar wagered or a percentage of wagered dollars. Bettors must understand each bonus to learn how they wish to fulfill their playthrough requirements.

What’s bonus abuse and how do I avoid it?

Bonus abuse is using multiple accounts to benefit from bonuses multiple times. Sportsbooks anticipate a certain return-on-investment from their bonuses. They expect to spend a little money to retain bettors over their full customer lifetimes. But those calculations assume one bonus per sportsbook. Any more than that is theft.

As long as bettors aren’t creating multiple accounts to profit from different bonus terms, then they’re fine. They can create single accounts at multiple sportsbooks, but creating multiple accounts at any sportsbook will get them in trouble.

What’s the bonus at DraftKings Sportsbook in Colorado?

DraftKings Sportsbook offers a $1,000 deposit bonus at a 20% match rate. If bettors deposit $100, they can earn up to $20 in site credits. However, bettors also have to use the money to bet. DraftKings requires its bettors to play $25 to earn each $1 of site credit. In the $20 example, a bettor would need to wager $500 for the bonus credits. For the full $1,000, bettors would need to play $25,000. Bettors are rewarded based on how much they deposit and play. As long as bettors are wagering at the pace they’ll normally wager, they’re getting a fair value of the bonus.

What’s FanDuel Sportsbook Colorado's bonus?

FanDuel offers a $1,000 risk-free bet to its new bettors. If a bettor’s first wager loses, then they’ll get site credits back equal to their losing bet, up to $1,000. Betting big on the first wager may be a good value for bettors with cash to spare. However, site credits are not the same as winnings. Bettors can withdraw winnings from their accounts. They cannot withdraw site credits. Bettors can only use site credits for betting on FanDuel.

Is there a wager requirement for Colorado sports betting apps?

Sometimes. Some sportsbooks require bettors to use their bonuses on bets with certain odds. Colorado sportsbooks usually set the minimum odds around -200. That way, sportsbooks don’t lose too much money giving away bonus credits and paying additional winnings. Each sportsbook bonus has its own terms, but this is the most common one. Bettors have to watch for these on risk-free bets more than anywhere else. Otherwise, bonus terms should be largely clear.

About the Author

Christopher Gerlacher

Christopher Gerlacher is a freelance writer tucked into the foothills in Colorado Springs. He works as a content writer, a professional resume writer, and authors search engine optimized professional articles in multiple industries.