DraftKings Colorado Promo Code: Bet $5, Get $150 in Bonus Bets + Daily No Sweat SGP Tokens

Fact Checked by Lawrence Hollyfield

You can access a huge selection of great features and bonuses when you play at DraftKings Colorado. Join me as I review in detail the many reasons why this is one of the leading operators in today's Colorado sports betting market.

DraftKings Colorado Promo & App Ratings: November 2023

๐ŸŽ  DraftKings Promo Code ColoradoClick to Claim
๐ŸŽ  DraftKings Colorado PromoBet $5, Get $150 in Bonus Bets + Daily No Sweat SGP Tokens
๐Ÿ“ฑ  Apple Rating4.8
๐Ÿ“ฑ  Android Rating4.6
โœ…  Promo/Odds Last VerifiedNovember 29, 2023

It's worth emphasizing that you don't need a DraftKings Sportsbook promo code to access the bet and win offer, or the deposit bonus. Just click through using our links. Now read on to find out more about the offers and features you can enjoy here, and how DraftKings stands out among Colorado sports betting apps users.

DraftKings Sportsbook Colorado
Promo Code

Whatโ€™s The DraftKings Colorado Promo Available Today?

The DraftKings Colorado promo available today allows new users who deposit and bet $5, their account will be credited with eight $25 free bets, totaling $150 total in free bets. Additionally, when you sit up and opt in you get daily No Sweat SGP tokens, too. This offer is expected to last through the summer months. One thing to note: once you receive your free bets, you have seven days to use them.

See how it compares against all Colorado promo codes.

Do I Need A DraftKings Colorado Promo Code?

The nice thing about the DraftKings Colorado promos is you don't need a promo code on sign up. Once you sign up as a new user, deposit, and wager $5 you'll automatically be opted in for the latest DraftKings Bet $5, Get $150 instantly promo in Colorado. To get the $150 promo and the daily No Sweat SGP tokens you must opt in once you sign up.

Draftkings Co Promo Terms & Conditions

When there's such a great welcome offer like the DraftKings promo in Colorado, things can get confusing quickly, specifically for the No Sweat SGP tkens. We wanted to break down some of the key things you should know as a new user.

  • Opt in is required for the DraftKings Daily Single-Game Parlay No Sweat Bet tokens
  • 1 No Sweat token issued per eligible gameday through January 7, 2024
  • Your single-game parlay must bet 3+ legs
  • Tokens expire at start of last game each day
  • You may not use your $150 bonus bets for your SGP

More DraftKings Colorado Promos Available

There are several other DraftKings sportsbook promos you can enjoy once you are a regular customer with this operator. Always check the terms and conditions so you understand exactly what you have to do to get the maximum benefit of any offer.

Same-Game Parlay Profit Booster

The opportunity to combine several outcomes within a single game is increasingly popular with sports bettors. Look out for the chance to boost your same-game parlay profits, usually by between 33% and 50%. This is most commonly offered on sports such as NBA, NHL, NFL and college football.

TNF Up 7 Early Win

On Thursday Night Football, if the team you bet the moneyline bet goes up by 7 points at anytime you can get paid immediately. For example, if the Broncos played the Raiders on Thursday Night Football and take a 21-13 lead, you can cash out your moneyline bet and win.  

Odds Boosts

DraftKings odds boosts are applied at the point when you have selected a bet you want to place. Tap the "Bonus Available" section on your bet slip and you will see if an odds boost can be applied, which must be done before you place your wager. Other odds boosts come in the form of Odds Surges, which are applied in a similar way but have the same effect of enhancing the amount you will win on that particular bet.

Offers On Major Events

DraftKings sportsbook is one of the best online sports betting operators when it comes to special bets on the top sporting occasions. These offers may come in the form of profit boosts, extra value on point spreads, and odds boosts, and you should not need a DraftKings promo code Colorado to take advantage.

DraftKings Rewards Program

Every time you place a real-money wager, you can add to your balance in the DraftKings rewards program, which is known as Dynasty. Any form of wagering qualifies, including the DraftKings casino and fantasy games, as well as sports betting.

There is also an invite-only VIP program that promises extra services, personalized offers and exclusive experiences.

Dynasty has five tiers - Bronze, Silver, Gold, Diamond, and Onyx. For every $2 you stake, you earn one crown; and the border between Bronze and Silver sits at 25,000 crowns, meaning you need to wager $50,000 to cross it. Your balance, therefore, determines your status each year - and it returns to zero at the start of each year.

This underscores the need to remember that rewards programs and VIP schemes are not free, and they are not cheap. Never go beyond your comfort zone and spend more money and time than you can afford in an attempt to qualify for reward points or a VIP invitation.

Pros & Cons Of DraftKings Colorado Sportsbook

The DraftKings CO sportsbook enjoys a stellar reputation in the more than 20 states where it is now licensed to offer sports wagering services.

โœ…  Range of sports and markets๐Ÿšซ  High playthrough on deposit bonus
โœ…  Outstanding user experience๐Ÿšซ  Occasional glitches on mobile app
โœ…  Frequency of offers and bonuses๐Ÿšซ  Insufficient number of live streams
โœ…  Personalization of sports betting choices

In this review, I'll look at the sports you can bet on at the DraftKings website and mobile sports betting app, as well as the different types of bet you can place here.

I'll also explain the features that make this one of the top Colorado sportsbooks, the registration process, the banking methods on offer, and the level of its commitment to responsible gambling. You should gain a clear picture of the reasons why the DraftKings sportsbook is so popular with so many people who enjoy sports betting in Colorado.

DraftKings Colorado Online Sportsbook: Everything You Need To Know

The DraftKings online sportsbook was one of the first sports betting platforms to offer its services to the people of Colorado when it went live in May 2020 thanks to its partnership with the Mardi Gras Casino. It had already made its name as one of the best sports betting operators, and indeed had been responsible for the first mobile and online sportsbook when it launched a website and mobile app in New Jersey in 2018. 

Since then, the DraftKings sportsbook has been the preferred destination for many sports betting enthusiasts, and is always high in the table for handle and revenue here and elsewhere.

It sets out to check every box a sports bettor could want, with a strong focus on user experience, a wide range of sports betting markets and numerous offers and of course DraftKings sportsbook promos. There is also an impressive DraftKings online casino in the states where it is legally allowed to operate, while the firm continues to offer DraftKings fantasy sports games โ€“ the arena in which it first made its name.

Sports Available At DraftKings Colorado

The A-Z list of sports on which you can enjoy legal sports betting at the DraftKings sportsbook covers a huge range of opportunities. As you would expect, there is a strong focus on leading American sports, and it is no surprise to find markets for the NFL, NBA, MLB, NHL, and college sports in the Popular section.

However, if you like to cast your net further afield, and want to bet on popular international sports such as soccer, tennis, golf and auto racing, you will find them all here. And even more niche options such as snooker, lacrosse and cornhole appear on the list โ€“ though the range of markets here may be slightly less extensive.

๐Ÿ‰  Aussie Rules๐ŸŽฎ  E-Sports๐Ÿ  NASCAR
โšพ๏ธ  Baseball๐Ÿˆ  Football๐Ÿ‰  Rugby League
๐Ÿ€  Basketball๐ŸŽ  Formula 1๐Ÿ‰  Rugby Union
๐ŸฅŠ  Boxingโ›ณ๏ธ  Golf๐ŸŽฑ  Snooker
๐ŸŒฝ  Cornhole๐Ÿคพ๐Ÿปโ€โ™€๏ธ  Handballโšฝ๏ธ  Soccer
๐Ÿ  Cricket๐Ÿ’  Ice Hockey๐Ÿ“  Table Tennis
๐Ÿšด  Cycling๐Ÿฅ  Lacrosse๐ŸŽพ  Tennis
๐ŸŽฏ  Darts๐ŸฅŠ  MMA๐Ÿ  Volleyball

This is unquestionably one of the features of the DraftKings sportsbook that makes it a preferred option for many sports enthusiasts who like to bet online on their favorite teams and leagues.  

Popular Sports Betting Options

People like to place bets on sports in various ways, and the DraftKings sportsbook app and website make that possible. Check out your favorite sport, and upcoming games, and you'll find all the options you require.

  • Point Spreads One of the most popular methods of sports betting, particularly on NFL games, a point spread is a handicap. The DraftKings sportsbook oddsmakers level up the odds by giving the underdog a start, you then decide whether or not the favorite will win by more than that margin โ€“ and one feature of this book is that it offers a range of spreads on many games.
  • Moneylines This is the most instantly accessible type of sports betting for novice bettors. No handicaps, no spread, no props โ€“ just a simple matter of deciding which of the teams involved is going to win, and putting your money down accordingly.
  • Over/Unders Also known as totals, these are bets on the number of times a certain thing will happen during a game, and the most common example is the combined score of the two teams involved. An online sportsbook will put up a suggested number and you bet on the over if you think there will be more than that โ€“ and on the under if you believe the actual total will be fewer.
  • Props Within any sporting event, there is a massive number of outcomes available for betting that do not affect the overall result. Check out the betting options for any game and you'll find a host of ways to wager on the performances of individual players, or on a team's progress to a certain number of points, or the half-time score, or ... the list can seem almost endless.
  • Futures As well as giving you the chance to bet on a generous selection of upcoming games, DraftKings offers the opportunity to wager on events some distance from today. If you're optimistic and like the Broncos' playoff chances, or the Colorado Rockies to take the World Series, you will be able to back your choice months in advance.
  • Parlays Parlays are perennially popular at sports betting apps and websites because they offer the enticing prospect of a major return on a minor stake by combining several picks. As each of your selections wins, the payout rolls over on to the next โ€“ but the catch is that if just one loses, the whole bet falls down. Parlay insurance pops up from time to time and can get your stake back to you if you lose just one leg.
  • Live Betting Increasing numbers of bettors enjoy in-game betting, where the odds shift in response to the action as it unfolds. The DraftKings sportsbook, like many of its rivals such as FanDuel Sportsbook Colorado, offers extensive opportunities to wager in play, although it lags behind when it comes to the number of live streams available to enable you to watch the action.

Features Available at DraftKings Sportsbook

So, what are some of the features that make the DraftKings sportsbook the preferred choice of so many online sports betting fans? I could come up with a massive list โ€“ but among the very best features are the following.


All online businesses, including those who operate in the sports betting market, appreciate that creating personalized digital experiences increases customer engagement. The DraftKings sportsbook is at the forefront of this trend. Its sophisticated analytics technology works out the types of bet you like to place, and the sports you prefer, and shapes its messaging so you feel more at home. This is a powerful tool in the eternally intense battle to win the attention and loyalty of customers. 

Stats Hub

When you're weighing a sports wager, you want as much information at your disposal as possible to inform your choice. Opening a DraftKings account gives you the chance to use the Stats Hub that appears on the coupon for all major games. It's packed with relevant information such as previous meetings between the teams, recent results, in-game stats, and even an indicator of the true mathematical probability of each side winning. A little research in a facility like this can carry you a long way.

Depth Of Betting Options

It's not just the fact that DraftKings carries a wide range of sports. It's not just that you have access to fantasy games and the DraftKings casino, where it's legal. What really impresses is the sheer number of wagering opportunities on every event that makes this book stand out. Take the point spread: Rather than offer a single option, each game comes with a host of alternate spreads so that you can find the one that fits precisely with your opinion of how a game will go. Check out all the options on a single game โ€“ you may be amazed by how many you find.

Pool Contests

I'll look in more detail below at the pool contests that you can find at the DraftKings sportsbook, but they are such a standout feature that they deserve to be mentioned here. These sportsbook pools represent an opportunity to pit your knowledge and the strength of your convictions against fellow bettors, which in turn adds to the social element of this online sportsbook. And they are available on a daily basis. Outstanding.

How to Sign Up For A DraftKings Sportsbook Colorado Account

Any online sportsbook operating in the legal sports betting industry must by law collect a host of information from a new customer.

1๏ธโƒฃ  Click the Sign Up or Log In button at the head of the page or screen
2๏ธโƒฃ  Enter a user name, an email address and a password
3๏ธโƒฃ  You may be asked for a promo code, but this is optional. You do not need any DraftKings promo codes to trigger a welcome bonus
4๏ธโƒฃ  On the next page, enter your full name, date of birth, and the last four digits of your Social Security number
5๏ธโƒฃ  You'll also have to supply your home address, including Zip code
6๏ธโƒฃ  DraftKings' software will verify your identity, and your location
7๏ธโƒฃ  Once your account is verified, you can make your first deposit
8๏ธโƒฃ  Before placing your first bet, though, visit the Responsible Gaming section and set limits to playing time and deposits with which you are comfortable

DraftKings Colorado sportsbook makes the process as straightforward as it can be.

Banking With DraftKings Sportsbook

Your preferred online sportsbook should make it as easy as possible to deposit money, and to withdraw it, too. DraftKings scores highly in this respect. It offers a variety of ways to place money in your DraftKings account, as well as several methods for taking funds out.

Making A Deposit

Check out the DraftKings sports betting website or the DraftKings app for full details of the ways in which you can organize your finances. You should find the following methods available.

๐Ÿ’ฐ  Credit/Debit Cards (Visa, Mastercard & Discover)   Select Debit or Credit from the deposit screen and enter your card details. The minimum deposit is $5, except for Discover where it is $10.
๐Ÿ’ฐ  E-Check   You can use VIP Preferred; choose this option and enter your bank account and ID details. Minimum deposit is $5.
๐Ÿ’ฐ  Online Banking   Connect your bank account to your DraftKings account so that you can use your personal banking details to deposit a minimum of $5.
๐Ÿ’ฐ  Wire Transfer   Select this option on the deposit screen and note the DraftKings banking details you'll need. The minimum deposit is $100.
๐Ÿ’ฐ  PayPal   Select PayPal on the deposit screen and enter your PayPal login details. Minimum deposit is $5.
๐Ÿ’ฐ  Play+ Prepaid Card   If you have such a card, choose the option on the deposit screen and enter your details to deposit at least $5.
๐Ÿ’ฐ  Venmo   Choose this option on the deposit screen and you can deposit up to $2,999.99 per transaction.
๐Ÿ’ฐ  Cash   To deposit at a retail location, such as Family Dollar or 7-Eleven, select Cash on the deposit screen and you'll get a one-time barcode. You should also be able to deposit cash at a land-based partner casino, such as the Mardi Gras Casino in Black Hawk, which has a retail sportsbook run by DraftKings.

Making A Withdrawal

It's incredibly important to check the list of methods that you can use to withdraw money from your sports betting account. If that list doesn't include an option available to you, you could be unable to take funds out. DraftKings offers a satisfyingly large number of ways in which you can take money out of your account. In most cases, there is no minimum sum for withdrawal. The maximum amount varies between methods โ€“ as does the length of time it can take for the money to arrive in your personal account.

๐Ÿ’ฐ  Online Banking   You can take out up to $100,000, and the money should arrive within five days.
๐Ÿ’ฐ  E-check   Using VIP Preferred, your money should be with you in three days and you can take out up to $100,000.
๐Ÿ’ฐ  PayPal   Your maximum withdrawal is $60,000, and you should have the money in two days or less.
๐Ÿ’ฐ  Debit Card   The upper limit is only $25,000, but it should reach you within one day.
๐Ÿ’ฐ  Venmo   The maximum sum is $20,000, and it should take less than two days to arrive.
๐Ÿ’ฐ  Play+ Prepaid Card   Your limit is $25,000, and it can take up to four days to reach you.
๐Ÿ’ฐ  Check   You have to withdraw a minimum of $15; the length of time it takes for the money to arrive depends on the size of the check.
๐Ÿ’ฐ  Wire Transfer   Your minimum withdrawal is $20,000 the first time, and $10,000 after that; the money should reach you in two days.
๐Ÿ’ฐ  Cash   The upper limit is $100,000, and you should have the money in your hand within an hour.

  • Check
  • ACH Transfer
  • PayPal
  • MasterCard
  • VISA
  • Play+
  • Bank Transfer
  • Discover

DraftKings Colorado Contests And Tournaments

One innovative way of sports betting that enables DraftKings to stand out from the crowd is the pools contests it offers. Some tournaments will charge an entry fee, while others are free to play. All you need to do is make your predictions and, hopefully, move up the leaderboard to qualify for prizes.

Million Dollar NFL Season-Long Pick'Em

This is the very top end of the pools market - it costs $250 for every entry you make. Over the 17 weeks of the regular football season, you make a total of 80 predictions based on the point spreads at NFL games. Get enough right, and you could be in line for a share of a prize pool totaling $1million. If you're routinely picking Denver you may be interested in checking out the Broncos Super Bowl odds and if it's a futures bet you're interested in.

Daily Free-to-Play Pools

Check out the Pools tab on the menu at the head of the home screen and page for details of the latest contest. These are free to enter, and the prize pool is determined by the number of bettors who decide to take part. There are various formats for you to enjoy.

Private Pools 

One of the most innovative offers is the opportunity to create your own pool that you can play with friends or family. You pick the contest you want to join, then set up your own mini-league. This is your chance to compete with a group close to you, and enjoy the bragging rights if you finish top of that table.


What Colorado Sports Bettors Can Expect As A DraftKings Sportsbook Customer

When you get into the nuts and bolts of actually using BetMGM, you'll find that both the site and app are easy to navigate and make the kinds of wagers that appeal to you. That's not all, though. You get a complete legal sports betting experience that's secure and comes with a loyalty program with perks for frequent players.

User Interface

DraftKings Colorado User Interface

If you're like me, you'll access your sportsbooks both on your phone and an on your laptop. No matter, thanks to the DraftKings Colorado user interface, it will be easy for you to do your research and place your wagers on both.

Desktop User Experience

The DraftKings sports betting platform for desktop users is beautifully designed. It's easy to find the sports you want to bet on; and the balance between the need to promote special offers and to display the latest live betting opportunity is absolutely right.

Like many online casinos and sportsbooks, the dominant color is black, which always seems to work better on an app than a desktop; but all the information is perfectly clear, and the navigation from page to page is virtually instant. All in all, this is a flawless, elite experience.

App User Experience

Yes, the desktop experience is excellent โ€“ but, if possible, using the DraftKings sportsbook mobile app is even better. The DraftKings sports betting app can be downloaded from the Apple App Store for iOS devices, and from Google Play for Android devices. Its ratings at each suggest it is held in very high regard, though some recent users have reported it can be sluggish at times.

All the sports betting markets and features of the website are available on the DraftKings sportsbook app. This is a brand that was quick to embrace the concept of mobile-first, and the investment of time and money in the creation and refinement of an outstanding sports betting app has clearly been worth it.


Security Offered by DraftKings Colorado

The issue of security is particularly relevant for DraftKings in the wake of the breach that exposed the personal information of nearly 68,000 customers in November 2022. DraftKings put additional fraud alerts in place, and refunded up to $300,000 that was stolen during the incident. That shows immediate accountability, and is the kind of integrity that earns trust.

All personal and financial data is protected here by SSL encryption technology, while DraftKings requests that all users play their part by using unique passwords that are changed every few months. Those passwords need to be complex as well, mixing letters, numbers and symbols. Never share your passwords. Make them unique for each site you visit.

DraftKings Colorado vs. Other Sportsbooks Available

While we love the DraftKings $150 instantly promo there are a number of great options available throughout the state. We'll break down a couple below:

DraftKings vs. PointsBet Colorado

Over on the PointsBet Colorado sportsbook you can get up to $1,000 in Second Chance Bets when you're a new user. If your bet loses you'll receive whatever you wagered in the form of Bonus Bet(s). While it's intriguing to get these bonus bets back if you lose, with DraftKings you're guaranteed to receive $150 when you bet $5 instantly.

DraftKings vs. bet365 Colorado

Similar to DraftKings, bet365 Colorado also has a running promotion of $150 in Bonus Bets by wagering just $1. Where DraftKings may hold the edge is with their daily No Sweat Single-Game Parly tokens. Regardless, both promotions are fantastic to take advantage of this football season.

Bet Responsibly

How To Bet Responsibly at DraftKings Sportsbook Colorado

DraftKings takes seriously its duty to encourage people to wager responsibly at all times, mindful of the risk that for a small minority of bettors, sports betting might lead to a gambling problem.

The Responsible Gaming tab on the home page of the site leads to a page packed with useful advice on a range of subjects such as setting limits and being aware of the warning signs.

There are also numerous links to agencies with expertise in helping those who are worried they might be developing a gambling problem, such as the National Council on Problem Gambling.

Customer Support

Contact DraftKings Colorado

Itโ€™s refreshing to be able to report that DraftKings Colorado offers several ways in which you can get in touch to bring up an issue or ask a question. The quickest route to an answer is by using the live chat function, which is now operating 24/7 and is staffed by professionals rather than chatbots. You also can connect by email to, which should give you a reasonably quick answer and without waiting on hold on your end. For less urgent queries, check out the extensive FAQ section. DraftKings also has a Twitter feed, which is extremely active.

โ›ฐ๏ธ  Live chat โ€“ support runs 24/7 for the online sportsbook
โ›ฐ๏ธ E-mail support โ€“ [email protected]
โ›ฐ๏ธ FAQ section
โ›ฐ๏ธ Twitter handle @DKSportsbook

Our Expert Opinion

Our Expert Opinion on DraftKings Sportsbook Colorado

Itโ€™s very hard not to conclude that DraftKings fully deserves its place among the elite online sportsbooks currently operating in Colorado, like ESPN BET Colorado is expected to do, and across the North American market.

This is, quite simply, a fantastic sportsbook. The range of sports covered, and the depth of markets available on those sports โ€“ which is always the first thing I look at when reviewing a sportsbook โ€“ is undeniably impressive. As is the lavish selection of bonuses and promos available.

In that context, itโ€™s surprising that the terms of the deposit match bonus are so complex, and require serious investment to reap the full benefit. This, and the level of staking needed to move up the tiers of the rewards program, feels out of tune at a sportsbook that has a minimum investment of just $5 and is an ideal place for a novice bettor to start.

You can argue that there are far more pluses than minuses here. The user experience on the desktop and at the mobile app is outstanding, and the overall impression is of a highly professional, progressive and impressive brand that is worthy of a visit if you are contemplating where to do your sports betting.    

BetColorado.com is an independent sports betting comparison website with affiliate links. What that means is if you click on one of our links that directs to an operator and you make a deposit, weโ€™ll receive commission payment at no extra cost to you. Our operator reviews and recommendations for Colorado sports betting apps and more are impartial as our editorial standards are commercially independent and follow a professional methodology.

DraftKings Colorado Sportsbook FAQ


Award-winning contributor with decades of covering sports betting and casino gaming around the world, Martin Booth is one of the most trusted voices in online gambling.

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