Colorado is a sports bettor's dream, with two dozen sportsbook options available in the state. In terms of sports betting state rankings, there's Nevada - then Colorado and New Jersey (also 24 sportsbooks).

Whether you're backing the Broncos, Nuggets, or Rockies, this article will break down the best Colorado sports betting bonuses for new and existing players.

Top Online Colorado Sportsbook Promo Codes and Bonuses

FanDuel Colorado Bonus Codes

Bettors in Colorado should take note: The FanDuel Colorado bonus code offers $1,000 No Sweat First Bet. There is no promo coded needed to get the offer.

Make your first time deposit wager and place your first real money wager on any live sports market. The the No Sweat First Bet offer, only activates if your first bet loses. Another reason it's better? You have seven days with the No Sweat First Bet offer.

DraftKings Colorado Promo Codes

New players can take the sting out of a bad beat with the DraftKings Colorado Sportsbook promo code. Deposit at least $5 and place your first wager to get $200 Bonus Bet instantly.

There is no playthrough requirement, all you have to do is to place at least $5 on College Football or NFL. You will get eight $25 bonus bets that you can use within the next 14 days.

Caesars Colorado Promo Codes

When you build a global gambling empire, the sports betting promotions better hit harder than the rush of an Aaron Rodgers Hail Mary pass. Luckily, the Caesars Sportsbook promo code BOOKIES1000 doesn't disappoint, offering new users a first bet insurance worth up to $1,000. Just make a deposit ($20 minimum), and place a wager.

If your bet loses, Caesars Sportsbook Colorado will deposit a bonus bet that matches your original stake up to $1,000. You will have 14 days to use the bonus bet token, which will be issued within 48 hours of your bet being settled.

The bet bonus is awarded as a one-use token and can't be spread across multiple bets or used for super boost markets, round robins, or profit boosts.

BetMGM Colorado Bonus Codes

Make every play of your first bet count with BetMGM Colorado bonus codes for new customers. After you sign up, deposit a minimum of $10 and build your first bet slip. If you pick a winning lineup, cashout your profits like the champ you are.

If you made a bad call, the BetMGM Colorado deposit match bonus code will kick in and refund your initial wager up to $1,500 with bonus code BOOKIES.

Bonus bets are paid out in 20% increments for qualifying wagers over $50. If your wager is less than $50, you will receive a single bonus bet equal to the amount of your original stake. You have seven days to use the bet credits to get your sports betting stats back up.

BetRivers Colorado Promo Codes

BetRivers Colorado Sportsbook promo codes for new players falls a bit short when stacked against the competition.

That said, where it lacks in a deposit match bonus payout, it earns some points for the 1x playthrough requirement. A minimum deposit of $10 will get you 2nd Chance Bonus Bet Up To $500.

Instead of rewarding failure like other sportsbook promotions, BetRivers Colorado gives you bonus money up front that you only need to play through once before making a withdrawal.

Use promo code BOOKIES during signup to claim the offer. Bonus Bet will be loaded within 24 hours of qualifying wager settling. Bonus Bet will expire 14 days after issuance.

Types of Colorado Sportsbook Promo Codes

Similar to player stats dictating your prop bets and fantasy drafts, each Colorado Sportsbook promo code carries a specific edge to pave your path to glory. In this section, we will review the variety of sports betting bonuses available on Colorado legal online sportsbooks.

Bonus Bets

Bonus bets a great way to play the field on multiple online sportsbooks to see which one fuels your type of gameplay and wager style.

You will see bonus bet promo codes typically range between $250 and $1,000. Caesars Colorado's offer of a bonus bet up to $1,250 is the largest bonus bet credit on the market. (Be sure to use the Caesars Colorado promo code BOOKIESFULL to get it).

Bonus bets are typically credited after a loss, essentially acting as insurance if your bet doesn't win. Requirements for deposits, wagers, and playthroughs will vary between each online sportsbook.

Up to $1,500 in Bonus Bets if Your First Bet Loses Promo Code: BOOKIES

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.

Deposit Bonuses

Deposit match bonuses are exactly what they sound like. Online sportsbooks will credit your account with bonus bets matching your initial deposit up to a maximum amount.

This Colorado sports betting bonus code adds more value to your bankroll at no extra cost. Unlike bonus bets that are tied to your first wager total, deposit match bonuses will double the money you add to your sportsbook account after signing up.

We've seen playthrough requirements as high as 25x, but the real MVPs only have a 1x playthrough before you can make a withdrawal. BetRivers Colorado currently offers a 2nd Chance Bonus Bet Up To $500.
 

No Deposit Bonus

If an online sportsbook has a no deposit bonus, add that all-star to your roster immediately. While it's a rare find, this is one of the best sportsbook promo codes on the market.

New players will receive bonus money just for signing up. Potential payouts typically fall on the low end but there's no requirement to make a cash deposit, which takes the risk out of your first wager.

It's common for these Colorado sportsbook bonuses to have playthrough requirements. You may need to bet the credited amount multiple times before you can make a withdrawal. That said, this type of welcome offer is one of the best sports betting bonuses on the market.

Reload Bonuses

Reload bonuses give you an incentive to build your bankroll. Most online sportsbooks reward avid Colorado sports bettors with ongoing reload promo codes that match a portion of deposits into an empty account.

Reload bonuses can range between 10% to 100%, depending on the Colorado sports betting site. Let's say a Colorado Sportsbook promo code is offering a 15% reload bonus. If you make a $100 deposit, your account balance after the promo code is applied will be $115.

Players can use this online Colorado sportsbook bonus before big games to increase wagers or spread the action over multiple lines. Be sure to check for any wager or playthrough requirements.

Odds Boosts

Odds boosts are among the most profitable sportsbook bonuses. Online sports betting sites reduce the juice on certain games or wagers for a limited time to undercut the competition.

These sports betting promo codes essentially level the playing field by swinging the odds in the favor of sports bettors. Depending on the operator, you will typically see odds increase by 10% to 40%.

DraftKings Colorado Sportsbook routinely offers a variety of enhanced odds. Players can apply "odds boosts tokens" to a specific outcome (e.g. the Broncos win), a choice of outcomes (e.g. any NFL week 1 moneyline), or potential payouts on a single or parlay bet.

$1,000 First Bet on Caesars Promo Code: BOOKIES1000

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Must be 21+ to participate. T&Cs apply.

Colorado Sportsbook Promo Referrals

Referrals are the most common sports betting bonus offered by legal online sportsbooks. Players can earn bonus money when friends sign up to an online sportsbook using a referral link.

The best Colorado referral sportsbook promotions earn both you and your buddies bonus bets. When you invite friends to join FanDuel Colorado, you will each receive a credit valued at $100 ($50 on sportsbook, $50 on casino).

Sportsbooks typically require a bankroll balance and betting history to refer new players. Operators might also have a minimum wager limit to unlock the bonus bets.

Online Casino Promotions

If your gameplay needs a little variety, most online sportsbooks also have an online casino. It's common for operators to reward sports betting activity with casino credits to get you playing on both sides of the fence.

For a seamless swap between parlays and poker, you will want an operator that offers both on the same platform, like DraftKings CO, FanDuel CO, and Caesars Sportsbook CO. Once you register for a legal sports betting site, you will start receiving casino promotions next to the usual sportsbook promo codes.

How To Use Colorado Sports Betting Bonuses

Online sportsbooks make it easy to use sports betting  promo codes, so you never miss a chance to boost your bets. Take a whip through the welcome bonus offers before creating a Colorado sports betting account.

During registration, you will be prompted to enter the Colorado sportsbook promo code you chose. The terms and conditions will tell you the requirements for deposits, wagers, playthroughs, and betting markets.

Existing players are rewarded with sports betting promo codes for odds boosts, parlay insurance, referrals, bankroll reloads, and more.

Make a habit of checking the online sportsbook promo code tab before you lock in your bet slips. So long as you meet the requirements, you can get the ball rolling on sports betting bonus offers for big games, small leagues, and everything in between.

Why Do Colorado Sportsbooks Offer Sports Betting Bonuses

Sports betting is a competitive industry, giving players endless options for where to wager their hard-earned money. Colorado online sportsbooks like DraftKings CO, FanDuel CO, and Caesars CO use betting bonus codes to encourage new users to sign up and start betting.

Welcome bonuses for Colorado sportsbook apps and online casinos from the same operator will go a long way with bettors that want to get the full brand experience without the full price tag.

Colorado sportsbook bonus codes also keep existing players engaged in specific betting markets. For example, there could be an NHL promo code that pays users for every goal their team scores.

Even players who don't typically bet on hockey could be swayed by the benefits of the promotion. Check Bookies.com for regular updates on deals for the best Colorado Sportsbook promo codes.

Colorado Sportsbook Promo Codes Explained

If you're new to Colorado sports betting, it may feel like you need a playbook to get a handle on all the new sportsbook promo code terms.

Even experienced bettors need a refresh on sports betting promos every now and again to stay on top of their game. In this section, we will break down the terms you need to know to start using sports betting bonuses with legal online sportsbooks in Colorado.

Wagering Requirements

Also called a playthrough requirement or rollover requirement, a wagering requirement refers to the number of times you have to bet a bonus before you can withdraw funds. Say you have a 5x playthrough requirement on a $100 bonus code. You would have to bet $100 x 5 ($500) before you can make a withdrawal.

Minimum Deposit

A common condition for online sportsbook promo codes is a minimum deposit. Players must to deposit a required amount of funds to access the sports betting bonus code. For example, DraftKings requires a minimum deposit of $5 to qualify for the $1,000 welcome bonus.

$1,000 First Bet on Caesars Promo Code: BOOKIES1000

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Must be 21+ to participate. T&Cs apply.

Minimum Odds

Bonus bets often come with odds restrictions that fall around -200. The higher the odds, the less upfront risk to win your wager. This sports betting promo code requirement prevents players from stacking favorites just to meet the wagering requirement to withdrawal.

Expiration

Like all good things in life, Colorado sportsbook bonus codes don't last forever. You have to bet your bonus before the promo code expires. The average timeline to use sports betting bonuses is a couple of weeks. If you don't wager the bonus value before the clock runs out, you will lose it.

Cash Out

Colorado online sportsbooks may offer cash out options when using Colorado sportsbook promo codes. This feature gives players a chance to settle a bet before the game ends to minimize losses. Some restrictions may apply to cash outs if you placed wagers using bonus bets.

Get Started Online Sports Betting With Colorado Betting Promo Codes

Now that we gave you the rundown on the best Colorado sportsbook promo codes, you're ready to suit up for sports betting. We also have articles that cover the action on moneylines, parlays, and point spreads to help you bet smarter.

Nothing beats the thrill of game day, but bet slips built with sports betting promo codes and strategy come pretty close. Bookmark this page on Bookies.com to stay updated on Colorado sportsbook promo codes as they roll out.

Up to $1,500 in Bonus Bets if Your First Bet Loses Promo Code: BOOKIES

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.