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What Is A Colorado Referral Bonus?
Many Colorado sports betting apps offer refer-a-friend promos, also called referral bonuses. These are unique offers that reward you for inviting friends to use the sportsbook.
When you invite a friend to a sportsbook and claim a referral promo in Colorado, both you and the friend will receive a reward of some kind when they sign up and deposit money into their account. Every sportsbook's referral bonus in CO is a little different, so keep reading to learn more details about the best offers in the state.
Are There Referral Bonuses in Colorado?
Yes, there are referral bonuses in Colorado available for you to use today. Not every CO sportsbook offers a refer-a-friend promotion, but many do. Below, we will list some recommendations for our favorite refer-a-friend offers in Colorado.
How to Claim a Referral Bonus in CO
Claiming a referral promo in CO is super simple. You just invite friends to the sportsbook using a generated link that is unique to your account. When they use the link to sign up for a new account at the sportsbook and deposit money, both you and the friend receive a bonus credit. Different sportsbooks have different limits on the number of friends you can refer for a reward.
What Sportsbooks Offer A Refer-A-Friend Bonus in Colorado?
There are several sportsbooks offering a refer-a-friend bonus in Colorado. Each offer is a little different from the next, so it's important to understand the details of some of the best referral bonuses out there in the state.
Caesars Sportsbook: Up To 50,000 in Reward Credits
Caesars Sportsbook CO does its referral bonus program a little differently: Instead of bet credits, they use reward program credits in their offer. This offer is good for 5,000 Rewards Credits per friend that you refer, with a maximum of 10 referrals.
To qualify, share your referral link with a friend. When they sign up for Caesars Sportsbook using your link, make a deposit, and wager at least $50, you and your friend will both be rewarded with 5,000 Rewards Credits.
Fanatics Sportsbook: Up To $500
Fanatics Sportsbook Colorado has a great referral bonus with a maximum value of $500 that can be redeemed with just five separate referrals. When you share your Fanatics referral link with a friend, they just have to download the app, sign up for an account, and deposit and wager at least $20 on any sport. Then, you and your friend will both receive $100 in FanCash, which can be converted into bonus bet credits or used to purchase merchandise.
BetMGM: Up To $2,000 Per Month
The BetMGM Colorado referral promo can reap huge benefits to people with a lot of connections. This offer is good for $100 in bonus bets per friend that you refer, with a limit of 20 friends per month!
Each friend you refer will need to sign up for BetMGM and settle $100 in wagers. Then, both you and your friend will receive a bonus bet credit of $100.
DraftKings: Up To $500
The DraftKings CO refer-a-friend promotion can score up to $100 per friend who you invite, up to 5 friends. This promo works a little differently: For every friend you invite, you will receive a bonus bet credit that is equal to their first deposit, up to a maximum of $100. So, if you invite a friend and they deposit $50, you will receive a $50 bonus bet credit. Unlike other CO refer-a-friend promos, this offer only rewards the referrer.
FanDuel: Up To $250 per Month
FanDuel Colorado Sportsbook has a great referral bonus offer with low stakes. When you invite a friend on FanDuel, they only have to deposit and wager $5 for you to receive a $50 bonus bet credit. You can use this offer for five friends per month. Like the DraftKings offer, only the referrer receives bonus bets.
Referral Bonus Terms & Conditions
It is very important to know the terms and conditions that are associated with any referral promo in CO that you are planning on using. Here are some common terms and conditions for refer-a-friend promos in Colorado:
- Friend must sign up for sportsbook using your unique referral link
- Friend must deposit and wager a specified amount of money
- Bonus bet credits that are rewarded will have certain play through requirements
- Bonuses are generally credited within 72 hours of bet settling
Referral Promos Pros & Cons
Pros:
- If you have lots of friends to refer, offers can be very lucrative
- Each referral can produce rewards for both you and your friend
- You can refer friends on multiple sportsbooks to maximize winnings
Cons:
- You must rely on others to complete the sign up and betting process in order to receive a reward
- Some offers have a high minimum deposit and wager amount that new users might not want to complete
- Limits on the number of friends you can refer are common
Colorado Refer-A-Friend FAQs
A referral bonus is a type of promotional offer used by sportsbooks to attract new users. These offers typically reward people who already have an account at a sportsbook for referring new users to the platform. Rewards are generally given in the form of bonus bet credits.
Yes, referral promos are 100% legal in Colorado. Online sportsbooks in the state are allowed to operate legally, and promotions such as referral bonuses are a common way for them to attract new users. You can benefit from these promotions by referring new people to your favorite sportsbook.
Most, but not all, sportsbooks in Colorado offer refer-a-friend promos. Since promotions are one of the major ways that sportsbooks compete with one another, they tend to offer similar deals such as referral promos. The top big names in CO sports betting all offer a refer-a-friend bonus.
Claiming a referral bonus in Colorado is a simple process. You just need to use your unique referral link provided by the sportsbook to invite friends. When they sign up for a new account using your link and wager an amount of real money that meets the promo's requirements, you will be rewarded.
Author
Adam Wernham has over eight years of professional copywriting experience. Growing up in the Bay Area, Adam developed strong ties to local teams including the Giants, Warriors, and 49ers. His passion for sports and writing make him a strong voice on all things sports betting and a great asset to the BetColorado staff.
