Colorado Online Sports Betting Bonus

Colorado online sports betting kicked off on May 1, 2020. There are 10 licensed Colorado online sportsbooks. Most offer bonuses including free bets that encourage players to deposit there instead of competing sports betting sites. Each has its own set of terms and conditions. We go over those below so that you can find the best deal for your level of activity. You may take advantage of each bonus once per Colorado sports betting site or app.

DraftKings Sportsbook Colorado

Bonus: $25 on sign-up, $500 Risk-Free Bet, 20% up to $500 on deposit.

Click to Claim: DraftKings Sportsbook Bonus of $1,025

DraftKings is best known in Colorado as a legal daily fantasy sports site. It has been licensed in the state for that since 2016. Now you can bet on sports on its app and website in Colorado.

New DraftKings sportsbook players can earn up to $1,025 in deposit bonuses. There is a free $25 bet just for creating an account. No deposit is necessary. Once making a deposit, you qualify for a 20% bonus up to $500. Deposit $2,500 to receive the maximum bonus. You can deposit smaller amounts and still receive the full 20%. Players earn $1 in bonus for every $25 wagered. The bonus must be cleared within 90 days of the deposit.

There is also a free bet. Players will receive a freeroll on the first wager made from their account after a deposit. This wager is reimbursed if it loses. The maximum loss rebate is $500. The free bet bonus may not be withdrawn. However, the winnings from it may be.

Additional terms and conditions apply.

FanDuel Sportsbook Colorado

Bonus: $500 Risk-Free Bet

Click to Claim: Fanduel Sportsbook Bonus of $500

FanDuel is another daily fantasy sports company licensed in Colorado that entered the legal sports betting industry in the state. You receive $5 in your account immediately upon signing up. No deposit is necessary. You will receive another $5 upon making a deposit.

The best deal at FanDuel is when you deposit up to $500. You will receive a free bet for that amount on your first wager. If it loses, your account is reimbursed for the losses. This is awarded as a free bet. It may not be withdrawn but the winnings are eligible for cashout.

BetRivers Colorado

Bonus: Up to $250 Deposit Match

Click to Claim: BetRivers Sportsbook Bonus of $250

BetRivers’ online sportsbook is now open in Colorado, bringing the number of states it’s available in to 3: Pennsylvania, Indiana, and Colorado, with plans for launches in Illinois and Iowa. 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.

Fox Bet Colorado

Bonus: $500 Risk-Free Bet + Up to $500 Deposit Match

Fox Bet offers new players a risk-free $500 bet on their first bet. There is also a 20% up to $500 first deposit bonus. This only requires a single rollover to withdraw. However, the odds for the bonus bet must be no higher than a 2:1 favorite.


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.

PointsBet Colorado

PointsBet offers new players two separate bonuses. One is a free bet up to $500. If it loses, it is refunded in the form of a free bet. The free bet may not be withdrawn but the winnings can be. There is also a free $25 bet when creating an account. No deposit is required for this. It has the same terms and conditions as the free bet.

William Hill Colorado

New William Hill players receive a free $10 bet when making an account. There is no deposit requirement. Depositors receive a 100% up to $150 first deposit bonus. The wager requirement is only one times the bonus before a withdrawal may be requested.


New 888 sportsbook players receive a free $10 bet. There is also a 100% up to $500 first deposit bonus. The bonus must be wagered six times within 30 days to clear it.


New Bet365 players receive a 100% up to $100 first deposit bonus. The wager must be turned over once. The bonus may not be withdrawn but the winnings may once the wager requirement is met.


BetAmerica is best-known as a horseracing betting company. It is owned and operated by Churchill Downs. It has been licensed in Colorado in the racing industry for years. New players receive a free $20 just for downloading the app and creating an account. New depositors receive a free bet of up to $500. The bet must be made within 365 days of the first deposit. The free bet may not be withdrawn. Winnings may be with just a single rollover.


Circa is based in downtown Las Vegas. Colorado was the first market outside Nevada that the company entered. It does not yet have a first deposit bonus offer.


Bet MGM is operated by MGM Resorts out of Las Vegas. It offers one of two bonuses. Players may take advantage of the free bet of up to $500 or a $1,000 deposit bonus. The $500 free bet must be made within five days of deposit. The $1,000 bonus must be wagered at least six times to withdraw. There is also a free $25 just for creating an account. This bet requires a 25 times wager requirement.

Colorado Sports Betting Bonus FAQ

Do Colorado sports betting sites have deposit bonuses?

Most Colorado sportsbooks have a bonus.

What types of bonuses do Colorado sports betting sites have?

It depends on the site. Some give players free money just for creating an account. There are also deposit and free bet bonuses.

Is there a wager requirement for Colorado sports betting sites?

Most sites require a wager requirement of at least six times the bonus.

What is a wager requirement?

This is the amount a player must wager before requesting a withdrawal when accepting a deposit bonus.

Can I deposit without a bonus?

Yes. Contact the site before making your first wager. You can have the bonus removed.

Can I receive a bonus at online site and mobile ones?

Yes. If the site has a deposit bonus and both a mobile app and website for betting, the bonus applies to either.

About the Author

Mark Hoover

Mark works as a freelance content writer, specializing in casino gaming and sports betting. Mark has been writing for over five years and his work has been published on several well-known gaming sites.