Colorado Sports Betting: CO Sportsbook Promos & Apps

This page may contain affiliate links to legal sports betting partners. If you sign up or place a wager, FOX Sports may be compensated. Read more about Sports Betting on FOX Sports. Sports betting is legal in Colorado, both online and in person. Voters approved Proposition DD in November 2019, and the market officially launched on May 1, 2020. Today, Colorado is one of the most competitive betting states in the U.S., with over a dozen legal operators offering mobile apps, retail sportsbooks, and ongoing promos. In this guide, we'll cover top sportsbook promos and welcome offers. Colorado Sports Betting Overview Is Colorado Sports Betting Legal? Yes. Colorado legalized sports betting in November 2019 when voters approved Proposition DD, and the market launched for both retail and online betting on May 1, 2020. Sports betting is regulated by the Colorado Division of Gaming. You can bet online or on mobile with licensed operators, and in person at retail sportsbooks inside Colorado casinos. You must be 21 or older and physically located within Colorado to place a legal wager, with geolocation used to verify your location. College Sports Betting in CO: Some Restrictions Betting on in-state college teams is allowed, but no wagers on individual player props for any college games. Top Colorado Sportsbook Apps Ranked & Reviewed Colorado's online market is competitive, with several major national operators live statewide. While more sportsbooks may enter over time, this section focuses on the top five based on market share, app quality, promotions, and betting features. DraftKings Colorado FanDuel Colorado BetMGM Colorado Fanatics Sportsbook Colorado Caesars Colorado bet365 Colorado All Legal CO Sportsbook Best CO Sportsbook Promos & Welcome Offers (February 2026) New users in Colorado can grab about $500–$650 in near-instant value by stacking current deals.  That means new users can stack promotions across multiple books before deciding which sportsbook best fits their betting style. Don’t settle on just one—claim as many offers as possible to maximize your bonus value, then stick with the book that feels right for you. DraftKings CO Promo – Bet $5, Get $300 in Bonus Bets If Your Bet Wins Offer Summary: Key Details: Quick How-to-Claim: FanDuel CO Promo - Bet $5, Win, Get $100 in Bonus Bets Offer Summary: Key Details: Standout Perk: Quick How-to-Claim: BetMGM CO Promo - Up to $1,500 Back in Bonus Bets Offer Summary: Key Details: Standout Perk: Quick How-to-Claim: Fanatics CO Promo - $2,000 in FanCash Offer Summary: Key Details: Standout Perk: Quick How-to-Claim: bet365 CO Promo - Bet $5, Get $150 in Bonus Bets Offer Summary: Key Details: Standout Perk: Quick How-to-Claim: Minimum $10 deposit required. Minimum odds -500 of greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply. Caesars CO Promo - $250 First Bet Match with Code FOX250BM Offer Summary: Key Details: Standout Perk Quick How-to-Claim How to Start Betting on Sports in Colorado 1. Choose a Legal CO Sportsbook Compare welcome bonuses, odds quality, and app UX. Check for Broncos, Nuggets, Avalanche, or Rapids promos. 2. Register Online Colorado allows remote sign-up. You’ll typically enter: full name, email, date of birth, last 4 of SSN, and physical address. Verify location and age (21+). 3. Claim a Welcome Bonus Click the "claim" button on this page to opt in. Read the terms and conditions for minimum odds, qualifying bet, and expiry. 4. Deposit Funds Common CO methods: credit and debit card, online banking/ACH, PayPal, Venmo, Apple Pay, Play+ prepaid. 5. Place Your First Bet Example: bet $5 on the Broncos to win at DraftKings to unlock bonus bets. You can also try a simple total or moneyline. 6. Withdraw Winnings Payout options usually include online banking/ACH, PayPal, Venmo, and Play+. E-wallets often pay fastest, while bank transfers can take longer. Check processing times in the app’s cashier. Colorado Sports Betting Handle The betting handle is the total amount of money wagered with legal sportsbooks over a given period. It counts every dollar staked before any winnings are paid out. Handle is not the sportsbook’s revenue. Revenue equals handle minus payouts, and the hold (or win rate) is revenue divided by handle. Quick example: if bettors place $200 million in wagers and sportsbooks pay out $188 million, revenue is $12 million and the hold is 6%. Responsible Sports Gambling in Colorado Sports betting should be enjoyable and fit your budget. If gambling is affecting you or someone you know, confidential help is available in Colorado and nationwide. Most sportsbooks also offer deposit limits, time-outs, and self-exclusion to help you stay in control. Help and resources: Gambling disclaimer: Only individuals aged 21 and over are permitted to gamble. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. Gambling is subject to local state regulation and is illegal in some states. Please gamble responsibly – information relating to responsible gambling can be found here. 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