DraftKings Sportsbook Colorado is live for CO online sports betting, and it figures to be major player in the Centennial State right from the jump.
Emerging as an industry leader in states that have previously green-lighted legal online sports betting, DraftKings Sportsbook offers a wide range of wagering options, lucrative bonuses, and up to $1,000 in free bets for new users. If you are new to DraftKings Sportsbook, you can register to grab this bonus by clicking right here.
DraftKings Sportsbook Colorado App
Unlike some rival online sports betting platforms, DraftKings Sportsbook uses a singular app for all states in which it currently operates, providing, in most cases, a uniform experience for users everywhere. It should be noted, however, that sportsbook comes via a separate app from daily fantasy.
Let’s quickly run through some of the prominent features of the app.
Account options are located in the upper lefthand corner, while daily promotions are prominently featured in scrolling fashion at the top of the homepage.
Horizontally scrollable quick links allow for users to swiftly navigate between betting menus that are broken up by both leagues and sports. Below those links is a list of the day’s top contests for users to vertically scroll through, providing an opportunity to select a bet right from the home screen.
Along the bottom of the screen are icons that allow users to navigate between live betting options, an A-Z listing of sports, current promotions, and bet slips/bet history.
From the main menu, players can navigate to each specific sport where they will find a list of daily odds, futures, player props and other assorted outcomes. When a wager is placed, bettors will be brought to a bet slip pop-up that asks for a wager amount and confirmation.
DraftKings Sportsbook Colorado Promo Code and Bonuses
DraftKings Sportsbook, which recently went public, is among the industry’s best when it comes to bonus offers and specials for both new and current players. Let’s take a look at both some current promo codes DraftKings offers in Colorado:
|Promo Type||Details||Available To|
|Risk-Free Bet||Up to a $500 risk-free bet||New users|
|Deposit Match||Up to a $500 deposit match||New users|
|Bet Boosts||Boosted odds, boosted payouts, alternate odds offers||New and current users|
Up to $1,000 in Free Bets
Let’s begin with the new user offer, which provides players with a total of $1,000 in free bets. This offer is broken up into two separate offerings, a $500 risk-free bet and a $500 first deposit match.
The $500 risk-free first bet is a rather straightforward bonus in that players can wager as much as $500 on their first bet. If the bet loses, the new user will be refunded the amount of the wager in site credit. Pretty straightforward stuff.
The first deposit match, however, does carry with it some fine print. Users will receive a bonus totaling up to 20% of initial deposits, meaning one must deposit $2,500 in order to realize the full potential of this offer. From there, users are issued $1 in site credit for every $25 wagered. This means that a player would need to risk $12,500 over time to receive the deposit match. Obviously, only those who are high-risk or high-volume bettors are likely to redeem the entirety of the offer.
While the latter promo is a bit convoluted, it can be argued that it essentially amounts to an additional bonus beyond the standard risk-free first bet offers of rival sportsbooks.
DraftKings Sportsbook Colorado does a good job of incentivizing both new players and current players, meaning that there are player rewards that go beyond sign up bonuses. One way it does this is by providing both daily odds boosts and special promotional odds boosts.
For instance, DraftKings will offer a daily parlay boost (i.e. Teams A, B, C all to win, boosted from +300 to +380 odds) or player prop boosts (Player A to achieve a certain stat line, boosted from +180 to +250). Users can count on a few such offers daily, but DraftKings will occasionally offer more radical promotions as well.
Here are some examples:
- Boosted Odds: DraftKings offered bettors +300 odds on both Kansas City and San Francisco to win Super Bowl 54. During the 2019 NFL season, DraftKings also consistently offered the Eagles at boosted +300 moneyline odds, providing Pennsylvania bettors with terrific value. Meanwhile, special Colts-based promos were offered to bettors in Indiana.
- Daily Double Up: In February, DraftKings offered a Daily Double Up promo that allowed for bettors to double their earnings on one individual winning bet.
- Basketball 3-ball Bonus: DraftKings has offered bettors an additional $3 for every three-pointer their team hits. For example, a bettor could win an additional $36 if their team hit 12 threes in a game.
- Wild Alternative Lines: Notably, DraftKings has offered bettors outrageous alternative lines that essentially guarantee a win. In January, bettors could grab the Philadelphia 76ers as a 76-point underdog to the Los Angeles Lakers, or the over with a total of 51 points for a college basketball game between Penn State and Indiana.
Certainly, Colorado bettors should anticipate similar boosts on area pro teams such as the Denver Broncos, Colorado Avalanche, Denver Nuggets, and Colorado Rockies. Promos on marquee national events and college contests involving schools like the University of Colorado, Colorado State, and Air Force will likely be in play as well.
DraftKings Sportsbook Colorado Launch
In partnership with Golden Mardi Gras Casino, DraftKings Sportsbook, the popular sports betting app from the company which also offers daily fantasy and casino games, is available to all players in Colorado.
New users can click here to register for DraftKings. Once they do, they’ll be given the option to bet on… squints… baseball from Chinese Taipei and ping pong.
But perhaps there will be reason to bet on these far-flung sports.
DraftKings is offering up to $1,000 in signup bonuses. The first is a $500 risk-free bet, meaning new players can make their first wager risk-free, up to $500.
After that, DraftKings will match deposits up to $500. However, only 20% of the deposit amount is matched, and the bonus is paid out over time.
DraftKings Sportsbook is one of the top rated betting apps in the US, trailing only FanDuel in total handle. It is available in Pennsylvania, New Jersey, Indiana, West Virginia, and now, Colorado.
DraftKings offers wagering on spread, moneyline, total, and futures bets. They also accept props, parlays, teasers, and even offer sportsbook pools– a DFS style contest competing against other players.
With four major professional teams in Colorado, DraftKings should provide no shortage of betting options.
DraftKings Sportsbook Desktop Version
DraftKings users can also access the sportsbook via their desktop and laptop computers. Though from a spacing perspective, the layout widens both vertically and horizontally, the design elements and functionality of the interface remain largely unchanged. This layout provides bettors with the ability to navigate between account info, top events, and live action on the homepage, while the layout of odds and betting functionality also mirrors those of the mobile app.
One quick note: Mobile players will automatically be able to access online wagering thanks to built-in geolocation technology in their cell phones, but desktop/laptop players will be prompted to download software that can verify location. Remember, you don’t have to be a Colorado resident to wager with DraftKings Sportsbook in Colorado, but you do have to be physically present within state lines.
Sports You Can Bet On and Bets Offered
Bet types such as straight wagers, parlays, teasers, prop bets, and live in-game wagering are available in addition to free-to-play and money-based pools with DK Colorado.
At the peak of the sports calendar, users will be able to bet on tens of thousands of different sports-related outcomes. In certain games, there could be well over 100 different outcomes to wager upon, meaning that bets will extend far beyond point spread and totals.
For instance, a Broncos football game could provide bettors an opportunity to wager on traditional outcomes–winner and point total–but also on yardage, scoring, and other offensive and defensive stat accumulation-based props. Moreover, in-play wagering will provide bettors with the opportunity to be on outcomes such as how a certain drive will end, which team and/or player will score the next touchdown, as well as real-time adjusted point spread and game totals.
DraftKings Sportsbook allows its players to bet on both professional and college sports in Colorado. Sports offered include:
- Table Tennis
Of note, given the sports world remains largely shuttered as legal sports betting launches in Colorado, there are currently diminished wagering options, but there are still sports on which to bet. Competitions such as table tennis, darts, Belarus soccer, UFC fighting, and the Chinese Professional Baseball League are operating and available to be wagered on at DraftKings.
Funding Your DraftKings Sportsbook Colorado Account
One of the most important features of an online sportsbook is convenience and reliability when it comes to making deposits and withdraws. This is an area DraftKings Sportsbook particularly excels at by giving its users a plethora of options to move money both in and out of an account.
Getting money in is easy and it takes only a moment. By hitting the green “plus” button in the top righthand corner of the app, users are brought to a deposit screen where they can fund their accounts by selecting an amount and source.
Here’s the list of deposit options:
- Credit card
- Debit card
- Online banking
- Play+ Prepaid Card
- Wire Transfer
- Cash (Family Dollar, CVS, Dollar General, 7-11) via barcode scan
Typically, funds will be available for use within moments.
As for making a withdrawal, users can open the “my account” menu by using the icon in the top lefthand corner of the app’s homepage. The withdrawal menu will ask you to enter how much you would like to remove and the method you would like to use. Options include check, PayPal, ACH, and cage pickup.
Typically, electronic withdrawals will appear in accounts within a few days. Also of note, withdrawals can be made in states where legal sports betting is not permitted, though subsequent real money wagers cannot be placed.
Is DraftKings Sportsbook Legal in Colorado?
Following the May 2018 Supreme Court strike down of PASPA, Colorado lawmakers went to work on bringing sports betting to the state. HB19-1327, a bill legalizing both online and retail sports betting, received bipartisan support, paving the way for Proposition DD to reach November 2019 ballots. Proposition DD was a formal referendum asking Colorado residents to pass legal sports betting, which it did by an unexpectedly small margin.
With the approval, a May 1 launch date was established, clearing the way for the January 2020 announcement that DraftKings Sportsbook was coming to the Centennial State via a partnership with Twin Rivers Holdings. The deal allows for DraftKings Sportsbook to offer its online betting platform in Colorado as well as open a retail location at Black Hawk’s Golden Mardi Gras Casino.
DraftKings Sportsbook Colorado, which immediately began operations with the state’s May 1 launch of legal sports betting, will be one of the 17 different sportsbooks expected to be offered by the end of 2020. Rival sportsbooks such as FanDuel Sportsbook, BetMGM, and BetRivers also began operations with the dawn of the state’s legal sports betting.
Barstool Sportsbook, which is expected to be unveiled sometime later in 2020, also figures to be a popular choice along with William Hill Sportsbook. William Hill offers a free $150 bet bonus.
Ultimately, DraftKings’ extensive experience with daily fantasy and sportsbook offerings figures to inspire user confidence and contribute to its expected popularity.
Big Market Potential For Colorado
Obviously, there won’t be a ton of betting action right now, but DraftKings, and competitors like FanDuel Sportsbook, are counting on a huge surge in online gambling in Colorado. And soon.
Industry analysts have noted a jump in online gambling recently. When sports come back, it is expected that fans, likely stuck watching the game at home, will be looking for an outlet to engage.
Sports betting apps will be happy to fill the void.
Colorado has over 40 casinos, and 17 of them will be able to offer online betting to fans. Many will work with popular online sportsbook brands, such as DraftKings, which have the technology and know-how to handle the volume.
DraftKings, in particular, spends a ton on TV and radio advertising, meaning they can reach fans during games, creating the perfect blend of brand and direct-response advertising. If all of those players are at home, and not at the stadiums, the potential for online sports betting in Colorado is massive for 2020.
DraftKings Sportsbook at Golden Mardi Gras Casino
Colorado will become the sixth state in which DraftKings Sportsbook operates a retail location. It is expected to open sometime later in 2020 (or 2021 pending the ongoing development of the coronavirus situation) at Golden Mardi Gras Casino, located in Black Hawk.
Since opening its doors in 2000, Golden Mardi Gras Casino has grown to be one of Black Hawk’s most popular wagering locations. Twin Rivers Holdings purchased the casino from Affinity Gaming as part of a $51 million deal in 2019.
With over 650 slots, more than 30 table game options, and the impending launch of a DraftKings-powered sportsbook, its popularity should continue to rise in the years ahead.
Golden Mardi Gras Casino Address
300 Main Street
Black Hawk, CO 80422