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.

Colorado Sportsbook Offers 2020

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.

DraftKings Sportsbook Colorado

Bonus: $500 Risk-Free Bet + 20% up to $500 on deposit.

Click to Claim: DraftKings Sportsbook Bonus of $1,000

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 $1,000 in deposit bonuses. 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 The free bet bonus may not be withdrawn.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.

When 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.

Additional terms and conditions apply.


Bonus: $500 Risk-Free Bet

Click to Claim: BetMGM Sportsbook $500 Risk-Free Bet

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.

FanDuel Sportsbook Colorado

Bonus: $500 Risk-Free Bet

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.

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.


Bonus: Depost $20, Get $20 Risk-Free.

SBK is the online sportsbook from Smarkets an established European sportsbook. SBK launched on June 4 and is currently offering new users a risk-free bet of $20 when they deposit $20.

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 theD and Golden Gate. Colorado is its first online sportsbook outside of Nevada and promises to have high limits and great odds.


Bonus: Bet $50, Get $50

BetWildwood is an online sports betting site operated by Wildwood Casino.

Colorado Sports Betting Apps Launching Soon:

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.

Colorado Sports Betting Bonus FAQ

Do Colorado sports betting sites have deposit bonuses?

Most do! Out of ten sportsbooks that have launched in Colorado, seven of them offer a sports betting deposit bonus.

What types of bonuses do Colorado sports betting apps have?

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

Is there a wager requirement for Colorado sports betting apps?

Yes, online sports betting apps require a wagering requirement that varies depending on the sportsbook but usually, it’s at least six times wagered.

Can I deposit without a bonus?

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

What is a wager requirement?

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

Are Colorado sportsbooks available on iPhone and Android Devices?

Yes, you can find Colorado sportsbooks in the Apple App store. You will need to download the Android apps via the website as the Google Play Store does not currently allow real money sports betting apps.

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.