Draftkings Colorado

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Sign-up Bonus - T&C's Apply






Bonuses and Promotions
5.0

Here are the 20 sports betting apps coming to Colorado Fans will have their pick of FanDuel, DraftKings, BetRivers and more when legal gambling kicks off on May 1. .Reward tiers are as follows: $3, $10, $100 and $500 are awarded as site credits and can only be used on DraftKings. $1,000, $10,000 & $25,000 are issued as cash.

Odds VS. The Competition
4.5
Market Depth & Variety
5.0
Deposit & Cash Out
5.0
Mobile App
5.0

Bottom Line

DraftKings is a great sportsbook for casual bettors who are just getting into sports betting. It has convenient funding options, a user-friendly app, and a robust sports betting guide that defines the different types of bets available for different games. If new bettors don’t know a moneyline from a bet on the spread, DraftKings has them covered. For Colorado Rockies fans, DraftKings is the preferred sportsbook for the MLB team. Overall, DraftKings Colorado is one of the strongest sportsbooks in Colorado.

Risk Free Bet
Banking Options
Great App
DraftKings Colorado Is A Legal Sportsbook Licensed By The Colorado Division Of Gaming

**Some of the products featured here are from our partners who compensate us. This does not influence our evaluations. Our opinions are our own. All bonus and promotions have Terms & Conditions that apply. 21+ for legal online gambling sites. If you think you have a gambling problem, please call 1-800-522-4700.

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Draftkings Sportsbook In Colorado

DraftKings Colorado Sportsbook Promo Code 2021

DraftKings Sportsbook offers one of the best sign-up bonuses in Colorado. You do not need a DraftKings Sportsbook promo code, to claim your bonus. Just follow any of our exclusive links (like this one) and it will be automatically applied to your account on sign-up! New players will receive a deposit bonus of 20% up to $1000. Terms and conditions apply.

DraftKings Sportsbook Colorado Promo Code
None - Use our exclusive link to unlock $1,000 free
Deposit Bonus
20% up to $1000
DraftKings Sportsbook States
CO, NJ, IN, WV, PA, NH, IA, TN
Last Verified
February 2021

Draftkings Bonus & Promotional Grade






Out of Colorado’s online sportsbooks, DraftKings has the best welcome bonus. DraftKings offers a sign-up bonus of up to $1,000. However, there are certain conditions that bettors have to meet.

DraftKings currently offers a 20% deposit match bonus up to $1000. There is a 25x playthrough requirement, though. Check terms and conditions before depositing.

For bettors who will use DraftKings consistently over the next 30-45 days (when the sign-up bonuses expire), these are pretty good bonuses. It’s a better deal than:

  • FanDuel’s single risk-free bet of up to $1000.
  • BetMGM’s single risk-free bet of up to $500.
  • BetRivers’ $250 match with its welcome code, 250MATCH
  • William Hill’s risk-free bet of up to $500 with a $250 deposit.

However, Fox Bet’s welcome bonus is almost identical. It also offers $500 risk-free bet and a $500 deposit bonus. However, it matches site credits at a faster rate than DraftKings. While DraftKings players have to deposit $25 for $1 of site credits, Fox Bet bettors only have to deposit $2 for $1 site credit. That allows new players to accumulate account funds faster for larger bets in the beginning.

Sign-up and welcome bonuses come in many forms. However, many of these bonuses require bettors to put their own money down or fulfill other conditions. Despite the attached strings, welcome bonuses are great ways to ease new bettors into wagering.

Draftkings Odds VS. The Competition






The NFL season is coming up, and hopefully returns safely. DraftKings is certainly interested in the NFL’s returns. It already has odds on the NFL’s first week. Its odds are moderately good, but there are only a few lines with standout odds. Here’s one of their standout lines alongside their odds for the Broncos’ first game:

TexansChiefsTitansBroncos
DraftKings+370-500+108-130
FanDuel+350-460110-130
BetRivers+370-500+108-130
BetMGM+350-455+105-125
Fox Bet+350-450+105-125
Sky Ute Sportsbook+365-475+100-110
Bet Wildwood+305-500-105-135

DraftKings has the best odds on the underdog, but sacrifices odds on the favorite. With the exception of Bet Wildwood, most of the NFL odds are pretty close together. These differences will mostly matter to bettors wagering high amounts of money. Out of the sixteen Week 1 games, DraftKings has the best odds on:

  • Four underdogs
  • One favorite

DraftKings’ NFL odds aren’t standout figures, but DraftKings has the best odds on a quarter of the underdogs. Bettors will have to check DraftKings to make sure they’re not missing a good deal on NFL odds.

ColoradoSharp.com Is Officially Licensed By Colorado Division Of Gaming Enforcement To Promote Legal Sports Betting In Colorado

Draftkings Market Depth and Variety Grade






DraftKings has a wide selection of sports and bets. Bettors can find lines on core professional sports. However, DraftKings has expanded its selection to sports like professional volleyball. Bettors can even find betting lines on darts, table tennis, and e-sports. There’s no shortage of international leagues to choose from, either. South Korean baseball leagues are still available.

But there are limits to what DraftKings can offer. The Colorado Division of Gaming has alist of approved games that sports betting operators can offer betting lines on. No one can go rogue and offer lines on a new sport without approval from theColorado Limited Gaming Control Commission.

Sports betting operators can, however, vary in the types of bets they offer. Almost all sportsbooks offer moneyline, point spread, and prop bets. But DraftKings offers single wagers and round robins. That gives bettors a few different ways to wager on their favorite sports. DraftKings has many events to bet on and many ways to bet on them. It’s one of the best sportsbooks for bettors looking for choice.

Draftkings Deposit and Cashout






Putting money into and withdrawing money out of a DraftKings account is super easy. Once a DraftKings account is set up, bettors will be able to deposit money through:

  • Online Banking.
  • Credit or Debit Cards.
  • PayPal.
  • Prepaid Card.
  • Wire Transfer.
  • Cash.

There are a few options for withdrawals, including:

  • Mailed Check.
  • PayPal.
  • Automated Clearing House (it’s basically an e-check).
  • Cage Pickup.

Whether bettors want to pick up money in person (unlikely mid-pandemic) or want to manage their money virtually, DraftKings has them covered.

Draftkings Sportsbook Mobile App






DraftKings’ app offers an easy sign-up, a user-friendly interface, and a straightforward way to bet.

Bettors don’t even have to login if they want to view DraftKings’ odds. There’s a link to the sportsbook below the login boxes for people who want to view the odds, but don’t want to create an account. DraftKings asks for bettors’ name, email address, and the last four digits of a bettor’s social security number. The social security number accomplishes two things:

  • It ensures users are old enough to engage in sports betting per state regulations.
  • The user really is who they say they are (it’s an anti-money laundering)

Once that easy setup is done, bettors can either browse the popular betting lines on the screen or look for something else in the quick links at the top of the screen or the A-Z listings on the banner at the bottom of the screen. After that, placing a bet is as easy as clicking on the odds and placing a bet. There was a box for how much I wanted to bet, and another telling me how much I could win. It’s tantalizing to see how much $20 is worth with +950 odds.

It’s easier to find what you want than FanDuel’s app, and it’s a far more user-friendly than BetMGM’s app. DraftKings is also obviously ahead of the sportsbooks that still don’t have apps ready to go.

Overall Score






DraftKings Sportsbook is a great way for casual bettors to easily wager on the new sports leagues available. Its welcome bonuses and odds make it a welcoming sportsbook. DraftKings’ sportsbook tends to have lower odds than its competitors on odds below about +400, but it’s an advantage when the odds are negative. It’s also incredibly easy to manage funds in a DraftKings account, and the mobile app makes it even easier.

Anyone looking for a trustworthy, easy-to-use sportsbook can turn to DraftKings with confidence. If I could sign up and find my way around, then anyone reading this will be able to too.

Is DraftKings’ Colorado Sportsbook Legit?

New bettors may feel uncomfortable depositing money into an app. How do they know they’re going to get paid if they win? Or whether their personal information is safe? DraftKings, its partners, and its history lend a great deal of credibility. Here are five reasons bettors can trust DraftKings.

It’s Licensed With The State Of Colorado

Colorado requires every online sports betting entity to secure a license with the State of Colorado. The process of obtaining a gaming license in Colorado includes automatic disqualifiers, including:

  • A past conviction of a gaming-related felony.
  • Identification as a career offender.
  • Being a city manager in one of the casino cities.

The process eliminates conflicts of interest and shady characters who shouldn’t control sportsbooks.

Its Licensed Partnerships In Colorado

Not only does DraftKings have the authority to operate in Colorado, but it is also launched a retail sportsbook inside the Golden Mardi Gras casino in Black Hawk on September 25. The Golden Mardi Gras casino also had to go through the process of licensing to have DraftKings in their casino, so they’ve been vetted by and are accountable to the State of Colorado. Also in September 2020, DraftKings announced its partnership with the Rockies, which makes it the preferred sportsbook and DFS operator for the Colorado Rockies.

Required Financial Reserves

According to Rule Six of Colorado’s Division of Gaming’s sports betting regulations, all licensed sports betting operators are required by law to have enough money in the bank to pay out winnings.

The Penalties For Not Paying Out

If sportsbooks fail to pay their winners–or fail to fulfill their basic duties as legitimate sportsbooks–then sportsbooks can lose their right to operate in Colorado. Rule 10 also gives citizens the right to initiate complaints with the State of Colorado if they feel it’s warranted. Good luck finding that kind of recourse against an illegal betting site.

DraftKings’ Best Interests

Since DraftKings’ fantasy sports have been live across the country for years, it cannot afford a reputation as an unreliable sportsbook. One of the most important things that sportsbooks sell is legitimacy. Sportsbooks can’t grow effectively without government and consumer trust. If DraftKings wants to continue expanding into new states, it cannot afford to abandon ethical business practices now.

WHY CHOOSE DRAFTKINGS OVER AN ILLEGAL SPORTS BETTING SITE?

Sure, DraftKings is available in Colorado. But why bet there when bettors have a bookie they’ve worked with for years or another offshore site they may have used without a problem?

Draftkings colorado jobs

There are a couple of key reasons to pick a legitimate sportsbook. One is the accountability that’s already been alluded to in the section above. If a bettor’s bookie runs out of cash, then bettors don’t have any recourse to collect their winnings. (Not without admitting that they were using an illegal bookie, anyway.)

However, there’s one more reason that bettors should go through licensed sportsbooks: taxes.

Where The Taxes From Sports Betting Go

Colorado has big plans for the taxes they’ll make off a legal sports betting industry. Prop DD, Colorado’s sports betting legalization bill, lists where sports betting taxes will go in the state:

  • Sports Betting Regulation.
  • Gambling Addiction Services.
  • Hold Harmless Fund.
  • Water Projects.

The first two services are self-explanatory, but a hold harmless fund may be new to some bettors. Taxes from sports betting operators go into a fund for businesses that may lose money to sports betting legalization. For example, a small casino without a sportsbook may lose some of its slots and table players to a sportsbook down the street. If that casino can show a decrease in revenue that’s caused by sports betting, then they can file to receive some of the money in the hold harmless fund.

The water projects are straightforward but broad. The idea is to use sports betting tax revenue to fund projects that will manage Colorado’s water supply. This is a big deal because Colorado supplies water for other states as well as itself. As climate change became a greater issue in Colorado, these water funds became more important to environmental groups. So, they managed to successfully lobby for sports betting tax revenue to fund water conservation.

Anyone who places a bet at a licensed Colorado sportsbook will support these projects and organizations. Conversely, placing a bet with your favorite bookie at IHOP will not.

WHY CAN BETTORS TRUST DRAFTKINGS WITH THEIR MONEY?

So DraftKings is legitimate and the tax revenues support important state initiatives, but how safe are bettors’ money? Leaving hundreds of dollars in some app seems unsettling.

However, DraftKings goes to great lengths to protect their patrons’ money. They have plenty of account safety features, and they separate their money and bettors’ money.

DraftKings’ Account And Web Security

DraftKings gives users a bunch of different ways to secure their account. There are additional “strong” authentication features that users can activate. DraftKings is also SSL secured, which only allows users and DraftKings’ server to see information bettors put in. It’s how DraftKings can ask for the last four digits of their users’ social security number and their money.

DraftKings’ In-House Handling Of Money

The money that players put into their account is separate from the money DraftKings pays its employees with. DraftKings’ sportsbook terms stipulate that customer funds must be placed in a segregated account. Keeping customer and business money separate prevents unexpected business expenses from robbing bettors of their rightful winnings. It’s one more way that customer funds are protected from business pressures. (Can you say the same about your IHOP bookie?)

DRAFTKINGS COLORADO FACT SHEET

Age to participate21
Where DraftKings is legal*OR, NV, MT, CO, IA, IL, IN, AR, MS, TN, WV, PA, DE, NJ, NY, RI, NH
DraftKings' Colorado partnerGolden Mardi Gras Casino, Black Hawk


*Legal only means the state has legalized some form of sports betting, not that DraftKings is live in every listed state. It is not.

If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL).

Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO) or 1-800-BETS OFF (IA).

21+. NJ/PA/WV/IN/IA/CO/IL only. In partnership with Meadows Racetrack & Casino. Eligibility restrictions apply. Seedraftkings.com/sportsbookfor details.

FAQ

Yes. Bettors can sign up on the DraftKings Sportsbook app or website. Bettors need to provide their home address and last four digits of their social security number. Although, the geofence determines bettors’ locations, DraftKings still needs personal information for identify verification.

Do Bettors Have To Be In Colorado To Bet On DraftKings’ Sportsbook?

Yes. Per Colorado law, DraftKings must geofence its website and app to make sure that only Colorado bettors are placing bets.

However, they can create DraftKings accounts from anywhere. Bettors just have to place bets within Colorado’s borders.

Bettors will see their wins in their transaction history. Then they can request a withdrawal by check, online wire transfer, or online banking. There’s an in-person cash option, but it’ll have to wait until after the coronavirus pandemic.

Is Live In-Game Betting Available At DraftKings’ Sportsbook?

Yes. DraftKings has an entire section dedicated to live in-game sports betting. It’s a great way to watch the odds change mid-game, cash in on an emerging underdog, or to monitor existing bets.

How Old Do Bettors Have To Be To Bet On DraftKings’ Sportsbook?

Bettors must be at least 21 to bet at Colorado’s sportsbooks. Presumably, this is one way that Colorado legislators tried to protect college students. One of the chief opponents of sports betting is the National Collegiate Athletic Association (NCAA). They’ve protested sports betting’s expansion, and they probably had to be pacified when Colorado drafted regulations upon Prop DD’s passing. Whatever the reasons, young peoples’ well-being was top of mind in Colorado.

No, currently only the sports betting app is available because online casino games are not currently legal in the state.

How Does DraftKings Know Its Bettors Are In Colorado?

It uses a geofence to create a barrier around Colorado. Bettors’ devices give DraftKings location information, so they know whether a bet is in Colorado. DraftKings also knows whether a device is coming from out of state, so it won’t accept bets from parts of the country where sports betting is illegal.

Top-Rated Mobile App Provides More Ways Than Ever for Fans to Engage

Colorado Betting

BOSTON (May 1, 2020) – DraftKings Inc. (Nasdaq: DKNG) today debuted its digital sportsbook in Colorado, providing sports fans ages 21 and over in the Centennial State with the nation’s top-rated sports betting platform to wager on their favorite leagues, players, and sporting events. Colorado marks the seventh state to offer DraftKings’ mobile and online product. As a leader in the sports betting space, DraftKings Sportsbook offers a plethora of innovative and engaging content through traditional wagering opportunities on sports games and events as well as free-to-play Pools contests around pop-culture, eSports and trivia games with thousands of dollars in prizing up for grabs daily.

“We are thrilled to introduce Colorado’s passionate sports fans to DraftKings Sportsbook, the nation’s favorite mobile and online sports betting platform,” said Matt Kalish, co-founder and president, DraftKings North America. “Boasting a wide array of distinct sports categories and daily free-to-play games, customers across the state will always have a number of year-round, skin-in-the-game opportunities to engage with the premier sports betting experience DraftKings prides itself on.”

DraftKings has remained dynamic with new product launches across non-traditional offerings such as eSports, simulations, popular culture and more. Free-to-play pools and parlay competitions, in which participants choose sides from a set menu of outcomes, have been especially adaptive as fans look for fun diversions with topical contests ranging from Shark Tank and Survivor to Chopped along with weather predictions, popularity pools and more. DraftKings has seen almost 1-million entries across all these Pools, and a complete list of current offers can be accessed here.

Rep. Alec Garnett, Rep. Patrick Neville, Sen. Kerry Donovan and Sen. John Cooke were instrumental in bringing sports betting to Colorado.

DraftKings has broadened its partnership with Twin River Worldwide Holdings, Inc. at recently acquired Mardi Gras Casino in Blackhawk and will be launching a state-of-the-art retail sportsbook in the future. The newest DraftKings Sportsbook will stand as the company’s seventh retail location across the country, with locations in Iowa (Wild Rose – three locations), Mississippi (Scarlet Pearl), New Jersey (Resorts) and New York (del Lago).

Draftkings Colorado

DraftKings’ sportsbook and daily fantasy products are available via iOS and Android here.

Draftkings Blackjack Colorado

About DraftKings

DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL as well as an authorized gaming operator of the MLB and NBA.

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