DraftKings Sportsbook CO
* Please note - Our star ratings are based on our personal opinion of the gambling sites we work with. We also take customer feedback into account in our rankings.
$50 Free Bet + $1000 Match
Valid December 2022
  • Betting markets are seemingly endless
  • Always a promotion and bonus offer on deck
  • Mobile app makes betting/account management easy
  • Pricing is now very competitive

DraftKings Sportsbook Colorado – 2022 Promo Code & Review

DraftKings Sportsbook was among the first wave of online sportsbooks to go live on May 1, 2020, giving Centennial State bettors access to one of the most respected online sports betting operators in the game. Sports betting became legal in Colorado thanks to a 2019 law and ballot referendum that supported legalization.

In Colorado, DraftKings is partnered with Twin River Worldwide Holdings. Twin River acquired three Colorado casinos in early 2019: The Golden Gates, Golden Gulch, and Mardi Gras casinos, all of which are located in Black Hawk, CO. The DraftKings license comes via the Mardi Gras Casino, where DraftKings has opened a retail sportsbook. Twin River is also partnered with FanDuel Sportsbook in Colorado.

DraftKings Sportsbook bonus offer

DraftKings Sportsbook is offering new users a rather juicy sign-up bonus offer. New players can receive a first deposit bonus of 20% up to $1,000, plus a Free Bet of $50 when signing up for a new sportsbook account using any of the links on this page.

DraftKings Sportsbook CO 2022 bonus

DraftKings Sportsbook CO Promo Code Just click this link
Free Bet$50 Free Bet
Deposit Bonus20% up to $1000 Match
Code ValidNovember 2022
Colorado partnerTwin River Holdings, via Mardi Gras Black Hawk
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Breaking down the bonus

To take advantage of the Free Bet, you’ll need to deposit at least $5 and make your wager within 30 days. Any winnings apart from the original bet amount are yours to keep.

But to receive the maximum matched bonus amount of $1,000, a $5,000 initial deposit is required ($1,000 is 20% of $5,000). From there, the bonus funds would be credited but would be unlocked via a 25x “play-through” requirement. Although we suggest depositing as much as you feel comfortable with, since this is a one-time offer, any deposit of $10 or more will activate the offer.

For every $25 wagered, $1 of bonus money is released by DraftKings. For bettors looking to receive the maximum bonus amount after depositing $5000, the total amount wagered would need to be $25,000 ($1,000 “played through” 25 times). That wager amount would need to be made over the first 90 days following the initial deposit. Although clearing the bonus may sound like a daunting task, you’d be surprised how quickly one’s wagering total adds up. That said, a 25x play-through is pretty steep.

What’s great about DraftKings Sportsbook?

  • Tons of markets: Not only does DraftKings Sportsbook offer all of the major sports (NFL, NBA, MLB, and NHL), it also has a dozens of soccer markets worldwide, rugby leagues, darts, cricket, and much, much more.
  • DFS to sportsbook: Unlike competitors, daily fantasy sports (DFS) and sports betting accounts are connected at DraftKings, which makes things very convenient for the user. If you already have a DFS account with a balance, your sportsbook account will be available for immediate use.
  • Deep selection of player props: With DraftKings Sportsbook, player prop choices are far and wide, rivaling FanDuel for most options and price.
    Easy navigation: DraftKings’ sports betting platform, whether it’s via the website or mobile platform, is clean, intuitive, and offers a quality user experience.
  • Supported platforms: The online site meshes well with both PCs and Macs, and the app can be downloaded for Android and iOS devices.
  • Trust: The DraftKings brand has a well-earned reputation in the DFS world that has continued into the world of sports betting.
  • Boosts and promos: Odds boosts, promos, and other value-added offerings are abundant in every state in which DraftKings operates, including Colorado

What’s not so great?

  • Live chat is hard to find. The Help button in the bottom-left corner does always appear and does not immediately indicate a live chat is available. They seem to prefer email to live chatting. To be fair, emailed answers are usually supplied within two hours, but not always.
  • The vig on moneylines for some sports is a little wider than at other sportsbooks. (but we have seen some improvements lately)

DraftKings promotions

DraftKings promotions have long been a strong suit. Below are some of the commonly offered promotions:

  • Free bets from Missions: Users can earn free bets by accomplishing missions that are proposed to a user. Each mission comes with a task or set of tasks that must be completed in order to earn a reward.
  • Odds Boosts: These are, as the name suggests, odds boosts on certain wagers, offering users a much better price on the outcome than what is normally offered. Odds Boosts are great ways to boost a bankroll and gain a bit of an edge over the sportsbook, so pay attention when these are offered and take advantage of them.
  • No-Brainer Bets: These are offered quite a bit and are also just as the name suggests, they’re no-brainer bets that are virtual locks to come in as winners. For example, a recent No-Brainer Bet was offered for an upcoming UFC fight. If a bettor placed $1 or more on any fight that night, they would get $100 in free bets if either fighter landed a punch. That’s as much of a freebie as you’ll find in the betting world, which is why they are called No-Brainer Bets. With Colorado having the Denver Nuggets, Denver Broncos, Colorado Rockies, and Colorado Avalanche, be on the lookout for local No-Brainer Bets from DraftKings Sportsbook.
  • Parlay Insurance: This is when a portion of your bet – usually up to $25 – will be refunded in the event one leg of your parlay fails to hit. Sometimes you have to place a five-leg parlay for this type of insurance, but it’s always good to have insurance.
  • Referral Bonus: DraftKings Sportsbook offers a Refer-a-Friend bonus that pays out if you refer someone who opens up a DraftKings account. When the friend signs up, both you and your friend get up to a $100 free bet.
  • Deposit Bonuses: Just like the first-deposit bonus, be on the lookout for various other deposit bonuses that may be offered to existing players.

Loyalty program

The DraftKings Missions program, which is discussed above, is a way to get free bets, promotional offers, and sometimes Odds Boosts. There are no set rules when it comes to which users get what offers, but it is believed that the more you play, the more you can expect to be offered.

Software platforms

DraftKings Sportsbook web-based client screenshot

The DraftKings Sportsbook browser home page has the look and feel of the DraftKings daily fantasy sports portal, with the same fonts and same colors. It’s a relatively straightforward, simple design as compared to other sportsbook websites. There’s not a ton going on despite how much information is available, but there is beauty in the simplicity.

On the first view of the desktop client, you’ll often see live in-game wagers prominently displayed, with menu items at the top of the page that can allow one to navigate around the portal. On the right, users can find a bet slip. Login and account information is featured in the upper right corner.

Getting a little more detailed, the top of the page offers tabs to My Bets (a list of both open and settled bets you’ve made), Live (which takes you to action happening right this moment), Rewards (which list any rewards, such as free bets, you may have), and Help. Pools, VIP, and Casino are also listed as options.

Below those menu items are sub-menu items for individual sports as well as the day’s “odds boosts,” which offer increased odds for a handful of events. Below that are the current promotions, and below that are the live events.

All in all, the desktop website is simple and intuitive.

DraftKings app snapshot

DraftKings Sportsbook mobile app screenshot

The app is similar to the desktop version. It’s laid out differently but has the same color scheme and overall feel and flow. One key difference is live bets are usually not the main feature of the app’s first page. Instead, the day’s top events are usually listed.

Looking at the app layout, promotions are across the top, followed by individual tabs for each sport. This is also where the odds boost tab lives. Users can swipe to move the menu bar, although swipe sensitivity is something that could be improved upon, as you sometimes end up swiping too far down or not far enough.

The top games of the day are presented below, with more tabs to the same sports and odds boosts listed above. Once you get through and decide to click on a bet, the bet does not automatically go in your bet slip. You need to either place the bet immediately or click the “add more” for the bet to sit in your bet slip.

Again, the app is very simple and easy to use. There are no bells and whistles, just a professional-looking, intuitive, user-friendly app.

Banking at DraftKings Sportsbook

In Colorado, DraftKings offers numerous deposit options, including:

  • Debit card
  • Pay With My Bank (PWMB)
  • PayPal
  • Full service sports betting cashier at Golden Gulch Casino and Mardi Gras Casinos in Black Hawk (DK’s partners)

In other states where DraftKings is live, the following additional deposit options are offered. These options may be available in Colorado in the future:

  • ACH/eCheck
  • Play+ Card
  • Wire transfer

Withdrawal options, however, are more limited. Methods include:

  • ACH eCheck
  • PayPal
  • Paper check by mail
  • Cash in person at the Golden Gulch Casino and Mardi Gras Casinos in Black Hawk

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Betting lines at DraftKings online sportsbook.

In the past, moneyline markets at DraftKings have slightly lagged other sportsbooks. For the average DraftKings bettor, however, it’s not all that big a deal, especially as more online sportsbooks set up shop in Colorado. We always recommend shopping for lines, as there’s bound to be differences in many markets. Furthermore, the more legal online sportsbooks that open up shop, the greater the competition to best serve customers.

Interestingly, NBA and NFL spread bets sometimes are not a standard -110 both ways, or even +100 and -120. They often range from -107 to -114. All in all, there’s often an extra cent or two added to the vig.

Player props present some interesting opportunities, as it’s been noted by our team that DraftKings is more apt to offer lower odds at a lower number than other sportsbooks. For instance, in a recent San Antonio Spurs game, DraftKings was offering the -143 odds of DeMar DeRozan to get over 5.5 assists. Other sites had the over/under at 6.5, with +100 to +107 odds. This happens with some regularity at DraftKings, allowing for lower return on investment but with a lower bar to surpass.

Other markets ebb and flow. Sometimes DraftKings offers a better number, sometimes other sites do. Have we mentioned you should line shop yet? We have? Great. Line shop.

Key markets offered at DraftKings

DraftKings offers markets in tons of sports from all over the world. While not as robust as some long-time international bookmakers, the scope of DraftKings Sportsbook’s offerings leaves little to be desired. Here is the listing of all the markets currently offered.

  • Australian Rules Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Football
  • Golf
  • Handball
  • Hockey
  • MMA
  • Motorsports
  • Rugby Union
  • Soccer
  • Table Tennis
  • Tennis
  • Volleyball

Game selection & bet types

If DraftKings is offering a game, chances are there are going to be dozens of ways to wager on it. Bigger games like NFL playoff games can have hundreds of available wagers. The betting opportunities almost unlimited, starting from simple point spreads, moneylines, and over/unders, to player props, live betting, and more. Here are the most common bet types:

  • Point spreads
  • Moneylines
  • Live/in-game betting
  • Totals (over/under)
  • Quarter, halves, period, and innings bets
  • Team props
  • Player props
  • Futures
  • Teasers
  • Parlays

Take a typical NBA game, for example. Point spread, over/under, and moneyline are just the tip of the iceberg. There’s alternate point spreads, alternate over/unders, and player props such as the first basket scored to point, assist, and rebound over/unders. Do you think Nikola Jokic is a lock for a double-double? You can bet that.

You can wager on the halftime and second-half outcomes. You can wager on individual quarters. There are game parlays, and once the game starts, you can place live bets across a variety of wagers. Then, of course, there are team futures, player futures, and betting on the upcoming draft. Really, the list is almost endless.

In-Play/Flash Bets

In play wagering is an exciting feature where you can bet on games as the action unfolds. When the game starts, the fun begins as you can bet on all your standard bets like moneyline, over/under and spreads, with constantly updating lines. What makes this exciting for action bettors is you can bet not only on the final outcome, but every inning, every down and sometimes all the way down to every pitch in baseball or every possession in basketball.

Flash Bets are popular and getting more so. For those of us truly in tune with the winds of chance, Flash Bets are a way to capitalize on the minute-by-minute, second-by-second changes in the flow of a game or match. Think of Flash Bets as super-charged in-game betting. Choose your bet size, and Flash bets allow for one touch betting on select markets. For instance, if you are watching the Rockies, and choose your flash bet size of $1, it takes only one tap on the screen to bet if the next pitch will be a strike or a ball.

Cash Out feature

A handful of other sportsbooks are offering it now, but DraftKings pioneered the “Cash Out” feature. The concept is fairly simple: in many markets, DraftKings will allow you to cash out your winnings (or cut your potential losses) as a competition progresses and before it is complete. Part day trading, part Howie Mandel going to the banker on Deal or No Deal, the Cash Out feature is a tool that a savvy bettor can use to his or her advantage. Cash out amounts are based on the in-game odds, so if your +100 bet is now -500, your cash out will be higher than original bet, and you can lock in the profit. If your +100 bet is now +300, and you don’t see any way your team can come back, your cash out amount will be lower than the original bet but the cash out feature can be used to cut your losses.

Customer support

An area that could use some improvement, customer support for DraftKings has been known to lag behind most other sportsbooks. There are three ways to seek help. One is through the DraftKings in-house messaging portal, where response time has varied from about an hour to 24 hours. Another option is by emailing customer support at sportsbook@draftkings.com. There is also the option of standard mail.

There is no toll-free number on the Contact Us page and the chat function can be difficult to find and access. It would be nice if DraftKings could address this going forward, as numerous online sportsbooks offer both a toll-free number and easily accessible instant messaging through their app.

More about DraftKings

DraftKings began operations in 2012, and the company’s goal from day one was to dominate the daily fantasy sports (DFS) landscape, a burgeoning world in which DraftKings’ main competitors at the time were FanDuel and DraftStreet. Within two years, DraftKings had purchased DraftStreet and the race was on with FanDuel for dominance in the DFS world.

Both DraftKings and FanDuel began raising money, securing partnerships, and going toe-to-toe in an all-out ad blitz to gain market share. In the midst of all this, state legislatures got involved, attempting to determine the legality of DFS, with the key legal question being whether the games were skill or chance. Many state legislatures eventually created laws either allowing or outlawing DFS.

By 2017, the two rivals announced a merger, one that was subsequently struck down by the Federal Trade Commission, which ruled the merger would create a monopoly in the industry. In 2018, the world of sports in America changed forever when the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), essentially allowing each state to individually decide whether to legalize sports betting.

DraftKings was the first mobile sports betting operation to go live in the US when it did so on August 6, 2018, with its launch in New Jersey. The launch came only a couple months after the U.S. Supreme Court decision to overturn PASPA. Since then, DraftKings Sportsbook has grown into a market leader and expanded operations to several other states in addition to New Jersey and Colorado, including Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New York, Pennsylvania, Tennessee, Virginia, and West Virginia.

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DraftKings Sportsbook CO Verdict

  • New player bonus
  • Pricing and lines
  • Game selection
  • Software
  • Banking

DraftKings Sportsbook is the total package and a must-have in Colorado. The technology is solid, betting options galore, pricing could use work but has improved, promotions are rich, integration with DFS and they're always innovating.

Very Good

A veteran media professional, Donnie is the operations manager for SharpSide and managing editor for PocketFives. He has more than 10 years of professional experience in the gambling industry, working extensively in the worlds of poker and sports betting. Donnie was named Media Person of the Year at the American Poker Awards in 2016 and currently resides in the gambling capital of the world, Las Vegas, Nevada.