FanDuel Colorado Sportsbook Promo Code & Review

Visit: FanDuel Sportsbook

FanDuel’s May Day opening in Colorado marked a big player’s arrival in the Rocky Mountain State. The fantasy sports and sportsbook giant is a welcome addition to Colorado’s growing sports betting industry. It’s one of six licensed sportsbooks in the state, so how does it stack up against the competition?

Get your $500 Risk-Free Bet at FanDuel Sportsbook


FanDuel Sportsbook Colorado offers a $500 risk-free bet allowing you to bet up to $500 and receive a $500 credit within 72 hours if you lose.

Sportsbook Colorado Promo Code
None - Use our exclusive link to unlock $500 risk-free bet offer
Risk Free Bet$500 Risk-Free Bet (Get $500 credit if your bet loses)
FanDuel Sportsbook StatesCO, NJ, IN, WV, PA

Who Should Try FanDuel Sportsbook In Colorado?

FanDuel Sportsbook is great for casual bettors who want to add a new layer of excitement and entertainment to their favorite sports. (Not that sports will lack rabid fans after so many leagues delayed their seasons.) Bettors can wager as little as $1–I tried betting lower–giving low-stakes bettors a laid-back betting platform to enjoy.

FanDuel also has an online casino, but Coloradans won’t have access to it. Colorado’s strict licensing rules stipulate that licensed operators can’t partner with online casino gambling operators. Since FanDuel is licensed in Colorado, it can’t offer its online casino. However, the sportsbook should be more than enough to satisfy Colorado’s bettors.

FanDuel Sportsbook: Bonus And Promotional Grade (4/5)

FanDuel has a generous-sounding welcome offer, but there’s only one sportsbook with a stand-out welcome bonus. Here are the welcome bonuses that Colorado’s first four sportsbooks offer:

  • DraftKings’ $1,000 signup bonus–$500 worth of site credits ($1 for every $5 deposited), and a $500 free bet.
  • FanDuel’s single risk-free bet of up to $500.
  • BetMGM’s single risk-free bet of up to $500.
  • BetRivers’ $250 match with its welcome code, 250MATCH

FanDuel falls behind DraftKings’ double welcome. However, FanDuel’s $500 risk-free bet comes with important terms. If a bettor places a $500 bet and loses, then they’ll get that $500 back in site credits. That means that hard cash is gone.

However, bettors can also view FanDuel’s promotion page to take advantage of many other bonuses and promotions. There are lots of Denver team bonuses worth $50 in site credits. There’s also a $10,000 bonus payout for table tennis, but don’t go betting the mortgage on Russian table tennis, yet. The top 50 bettors in that tournament only get a slice of that money based on how well they do. And it’s in site credits, not hard cash.

FanDuel has a wide selection of promotions available for existing bettors, and a welcome bonus that encourages a large bet up front. However, the deal is only good for the first bet, which is less favorable than DraftKings’ 20% match.

FanDuel Sportsbook: Odds Vs. The Competition Grade (5/5)

Where DraftKings leads in its welcome bonus, FanDuel leads in odds. Every sportsbook has its own way of calculating odds. Some sportsbooks may weight certain variables differently, but sportsbooks usually have similar odds. However, odds making quirks can give bettors better odds for the same outcome.

Here’s are the odds from Colorado’s first four sportsbooks on a Belarusian soccer match:

Odds On Dinamo Minsk Beating Dinamo Brest As Of 5/6/2020

DraftKings Sportsbook Dinamo Minsk+215
FanDuel Sportsbook Dinamo Minsk+240
MGNGrand Dinamo Minsk+230
BetRviers Dinamo Minsk+215

It’s a modest difference, but a $100 bet on Dinamo Minsk would be an extra $25 at FanDuel instead of DraftKings. Here’s a bigger difference on another Belarusian soccer match from early May:

Odds On Belshina Bobruisk Beating FC Isloch As Of 5/6/2020

DraftKings FC Isloch-155DraftKings Tie+250DraftKings FC Belshina Bobruisk+390
FanDuel FC Isloch-170FanDuel Tie+240FanDuel FC Belshina Bobruisk+490
BetMGM FC Isloch-150BetMGM Tie+260MGMGrand FC Belshina Bobruisk+450
BetRivers FC Isloch-155BetRivers Tie+250BetRivers FC Belshina Bobruisk+390

FanDuel’s 100-point difference is an extra $100 on a $100 bet. That’s quite the extra payout.

However, FanDuel doesn’t have 100 points on every betting line. In fact, this was the only game in the whole Belarusian soccer league with such an extreme difference. But when sportsbooks’ odds differ, FanDuel skews toward higher odds for bettors. That means bigger payouts for winning bets.

FanDuel Sportsbook: Market Depth And Variety Grade (5/5)

Although sportsbooks have been short on sports to offer betting lines on since the coronavirus outbreak, FanDuel has gotten creative. Bettors will find predictable international sports leagues, like Belarusian soccer, Chinese and Korean baseball, and Russian table tennis. However, there are also lines on some prominent darts teams (prominent in the world of darts, anyway.)

Sportsbooks aren’t likely to be unique in what they offer. Colorado’s Gaming Commission has an Excel file of approved sports and wagers. It lists the types of sporting events and wagers that sportsbooks can offer, and sportsbooks can’t offer anything that’s not on the list.

However, not every sportsbook will offer the same type of wagers. FanDuel offers teaser bets as a default bet, while the other three sportsbooks don’t. Teaser bets combine two different bets into one. However, FanDuel limits the combinations by sport and by wager type. FanDuel’s teasers are only allowed on football and basketball, and bets on point spread and total match points. If bettors are particularly enthusiastic about football, basketball, point spreads, and match totals, then FanDuel’s teasers are just for them.

FanDuel Sportsbook: Deposit And Cashout Grade (5/5)

As one of the largest sportsbook companies in the country, FanDuel’s perfect score here shouldn’t surprise anyone. Sportsbooks don’t become big unless it’s easy to put money in and take money out. After I created a FanDuel account, I was given the following options to deposit money into my account:

  • Debit/Credit Card
  • Online Banking
  • PayPal
  • FanDuel Prepaid Play+

All these online options make depositing funds easy.

However, bettors really want to know whether they can easily withdraw their winnings. Here are the options I got when I asked to select a withdrawal method:

  • PayPal
  • Online Banking
  • Check

All three of these options offer secure ways to receive winnings. PayPal and online banking are the most secure and reliable options. However, old-fashioned bettors who feel secure in a paper trail can order a mail-order check.

No matter how bettors deposit or withdraw funds, they have convenient online options at their fingertips.

FanDuel: Mobile App Grade (4/5)

The content in this article largely came from finding my way around FanDuel’s app. It’s a clean white and blue app that’s easy to look at. Studious bettors will have no trouble staring at the odds for hours at a time.

However, the app is a little clunky. It’s not that placing a bet or viewing the full list of sports and promotions is hard. But the side menus pull up a little slowly, and don’t feel as seamless as DraftKings’ app.

FanDuel’s app’s weakest area is its filters at the top of the popular betting lines tab. It’s a list of icons for each sport. In the case of my review, baseball, darts, soccer, and tennis. There are two issues with this filter bar. The first is that there are two identical tennis filters for table tennis and the International Tennis Series. They should be easily differentiated.

However, the bigger issue is what happened when I clicked on these filter icons. Instead of showing me only table tennis, clicking the filter removed table tennis from the default list of popular sports betting lines. It’s a little thing, but it’s unintuitive. You’d think it would only show the selected sports filter, but that’s a little nitpicky.

Overall, it’s a great app. But that’s exactly what make the flaws pop.

Is FanDuel Sportsbook A Legitimate Business?

Sportsbooks may or may not have a good reputation among new sports bettors, and they may have a serious question: What makes FanDuel legitimate? Here are five things that elevate FanDuel above illegitimate sportsbooks.

FanDuel Sportsbook Is Licensed With The State Of Colorado

FanDuel is one of four (as of this writing) sportsbooks with a sportsbook operator’s license in Colorado. That means FanDuel has been vetted by state officials who’ve determined that FanDuel can operate legitimately and in the best interests of its patrons. The process screens out people who’ve been convicted of gambling felonies or who work in a government position in one of Colorado’s gambling cities. Career offenders, convicted criminals, and conflicts-of-interests are screened out.

FanDuel Sportsbook’s Expansion Depends On Legitimacy

FanDuel cannot expand across the U.S. unless it runs a business that adheres to the highest ethical standards. As more states legalize sports betting, they’ll monitor sports betting in neighboring states. If FanDuel wants to continue expanding into new markets, it cannot endanger its future state license requirements. It must maintain a sterling reputation for the sake of its business. A criminal or civil violation in one state could be a deal-breaking condition on the next state license application.

Bettors Have Government Recourse

Licensed sportsbooks are also held accountable by the State of Colorado. In fact, FanDuel has paid out a massive bet based on a mistake before. A miscalculation in odds making at the end of a Raiders-Broncos game resulted in a New Jersey bettor winning $82,000 from a $110 bet. FanDuel had to pay after “consulting” with state authorities about whether to pay out from what they thought was a clear miscalculation. We can’t promise 750-to-1 payouts (neither can FanDuel) but bettors can rely on state support in a payment dispute.

FanDuel Sportsbook’s Robust Customer Support

FanDuel offers 24/7 live chat, email, and phone support. Bettors get connected to real people who will help with issues that cannot be resolved in the extensive FAQ pages. This is a positive signal among many that FanDuel is interested in happy and satisfied customers.

FanDuel Sportsbook Offers Responsible Gaming Resources

Per state regulation, FanDuel displays a link to responsible gaming resources for problem gamblers. It also offers access to the national problem gambling hotline and the self-exclusion list. Clearly, FanDuel balances business interests with the well-being of its patrons. Can you say the same about an offshore site against which you have no legal recourse?

Why Choose FanDuel Sportsbook Over A Bookie Or Offshore Website?

So, FanDuel is the golden standard of a legitimate sportsbook. But why choose FanDuel over a bookie or offshore website? Are they really that bad? At their worst, yes. At their best, they’re iffy.

Independent bookies are individuals who took sports bets and distributed winnings before sports betting legalization. The bookies were often inconsequential. The larger concern came from the organized groups for whom the bookies worked. The bookies knew the odds came from on high, but they didn’t know exactly from whom. But it was the people ‘on high’ who, in at least several hundred cases around the world, fixed sports games to maximize their profits. The fear of those syndicates expanding has been one of the driving forces behind sports betting legalization.

However, there are independent bookies who are bookies as a side-gig. They probably don’t have the manpower to bring violence against bettors who have a bet go awry. But if those bookies are short on cash, they won’t pay winnings out. That leaves bettors short on cash, denied of winnings, and without legal recourse. That’s not a good outcome.

Offshore websites, on the other hand, come in all shapes and sizes. Some are mafia-run, and others are ostensibly legitimate. However, even the nicest offshore website has one glaring flaw. It is outside of United States jurisdiction. No matter how nice bettors think that site is, it is accountable to no one. (No one who can get your lost money back, anyway.)

In contrast, FanDuel is not only required to pay bettors. It’s also required to meet digital security requirements to protect bettors’ money and personal information. Offshore sportsbooks don’t have to go to the trouble–and expense–of securing their apps and websites. FanDuel is a far safer option than any offshore sportsbook for that reason alone.

How Bettors Can Trust FanDuel With Their Money

We’ve mentioned the security requirements that Colorado sportsbooks have to meet to become licensed. But what does FanDuel have in place to protect bettors’ money? Its stand-out security feature is its proactive approach to digital security.

Nothing is unhackable. Tech-savvy consumers know it, and FanDuel admits it in its security section, too. That’s why FanDuel partnered with HackerOne. HackerOne invites hackers to try to hack major companies. Companies like FanDuel employ hackers to discover vulnerabilities that unscrupulous hackers could take advantage of. That way, FanDuel can secure their website before customers’ security is compromised. In return, hackers are paid for finding vulnerabilities in their clients’ websites.

If Colorado’s license requirements, commitment to bettor payouts, and proactive approach to digital security aren’t enough, then skeptics may never be satisfied. FanDuel is as legitimate a sportsbook as can be found in the United States.

FanDuel Sportsbook Colorado Fact Table

Minimum Colorado sports betting age21
States where FanDuel Sportsbook is legalCO, IN, NJ, PA, WV
FanDuel's Colorado partnerGolden Gates Casino, Black Hawk
FanDuel Colorado launch dateMay 1, 2020

FanDuel Sportsbook Colorado FAQ

FanDuel’s launch is a big deal for Colorado sports bettors. It’s a safe company that offers lines that lean on the high side (but not always–we do not and cannot guarantee odds.) However, the new launch may leave bettors with a few lingering questions. Here are a few common questions that new bettors have.  

Can Bettors Wager On Esports At FanDuel Colorado?

Yes. It’s one of the approved sports in Colorado, and FanDuel has offered esports lines in the past. However, not every state is so open-minded about esports. For example, Indiana doesn’t allow esports betting because it doesn’t recognize esports as a sport.

Thankfully, Colorado allows esports, so all the League of Legends and Call of Duty fans can watch for professional matches.

Can Bettors Sign Up From Anywhere In Colorado?

Yes. Bettors can create the account from anywhere, but they cannot place bets outside of Colorado. FanDuel has a geofence around each state its sportsbook operates in to make sure that they only operate in legal states.

What Is The Best Way To Deposit Funds In FanDuel?

Bank transfer. Bettors already have a bank account, and it’s digital. It’s the most direct way for bettors to transfer funds to FanDuel. PayPal isn’t a bad option if bettors already have the account. However, a check in the mail feels a little laughable in the age of coronavirus. A direct bank transfer is the way to go.

Can Bettors Withdraw Their FanDuel Deposits?

Yes, but they need to call customer service. Money deposited into FanDuel is meant to be used for betting. It’s a pool of money for bettors to pull from to place bets. Bettors will have to contact customer service if they change their mind about having too much money in their FanDuel account.

So, How Do Bettors Withdraw Winnings?

Bank transfer. Winnings can go directly to the bank. It’ll be in a separate menu from bettors’ FanDuel deposits. It’s a little confusing, but that’s how FanDuel separates funds.

Does FanDuel Offer Live In-Play Betting?

Yes. It has a full section of live games to bet on. It’s an exciting, dynamic way for bettors to hedge their bets until they’re sure how the game is going to go. But once bettors put money down, that bet is cast. They’ll have to wait to see how their bet plays out.

FanDuel Sportsbook Colorado Overall (4.6/5)

FanDuel Sportsbook is a great app for laid-back bettors who don’t take themselves too seriously. It’s meant to be a fun sportsbook to spice up bettors’ favorite sports. It has a welcome bonus that encourages a large bet up front, but bettors may not feel comfortable putting $500 in at once. However, when FanDuel’s odds differ from other sportsbooks, the odds tend to be a little higher. The FanDuel sportsbook app is pretty good, but it’s not as smooth as DraftKings’.

But for all the nitpicking, FanDuel is a safe, reliable option for anyone interested in sports betting. FanDuel is safer than bookies and offshore betting sites, and it goes to great lengths to protect its customers’ money and personal information. FanDuel has a bright future to look forward to in the Rocky Mountain State.

About the Author

Christopher Gerlacher

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