Originally founded by Jason Robins in 2012, DraftKings started as a Daily Fantasy Sports operator. The daily fantasy sports operator grew into over 8 million users in 2017, becoming one of the largest companies in the DFS industry. When the U.S. Supreme Court struck down PASPA in May 2018, DraftKings looked to enter the sports betting industry.
DraftKings Sportsbook launched in August 2018 in New Jersey as they were the first legal sports betting operator outside of Nevada. Since then, they are now operating in over 10 states and are also trading on the NASDAQ as of April 2020.
DraftKings launched in Colorado in May 2020 with mobile betting and has a retail location at Mardi Gras Casino at Black Hawk.
DraftKings Colorado Promo Code – $1,000 Free
The DraftKings Promo Code in Colorado gives you $1,000 in free bonuses. Just click our exclusive link below, register a new account and make a deposit. You will receive up to a $500 risk-free bet and a $500 deposit match bonus.
DraftKings Colorado Sportsbook App
DraftKings Colorado Sportsbook App
|DraftKings Colorado Promo Code||No Code Needed with our links. Click Thru for top bonus.|
|Colorado Risk-Free Bet||Up to $500 free bet.|
|Colorado Deposit Bonus||$500 Deposit Match|
|Colorado No Deposit Bonus||None available at this time.|
|CO Launch Date||May 1, 2020|
|Promo Verification Date||October 2020|
DraftKings wants to do everything possible to make sure their customers are taken care of, and they start right off the bat by giving you two bonuses for when you sign-up. They give $1,000 in sign-up bonuses, which is one of the best bonuses out there that any sportsbook is offering.
The first bonus is a $500 risk-free bet. When you make your first deposit through DraftKings, they will offer you a risk-free bet bonus of up to $500. You can use your risk-free bet in the first 30 days of joining DraftKings. However, keep in mind that the free-bet is not redeemable for cash, non-transferable, and non-refundable. This is still a good way to help you increase your account balance to play with when starting.
They also give you a deposit bonus of up to $500. When you make your first deposit into DraftKings, if it is at least $5 or more, then they will give you a 20 percent bonus up to $500. So, in order to receive the full $500 bonus, you must deposit $2,500 when you sign-up with DraftKings. This deal is currently going through Septemeber 20, 2020.
What is also nice about this promotion is that DraftKings will also give you bonus funds when playing with their sportsbook. Every $25 you spend on DraftKings, they will give $1 on bonus money that will go into your account. You are eligible for up to $500 on bonus funds during this promotion.
The two bonuses will help you get your DraftKings account started. Being able to match your account by 20 percent is a nice boost along with possibly hitting your risk-free bet, which will also only benefit you. There are just a few ways DraftKings is making sure that their customers are 100 percent satisfied.
Colorado Sports Betting Timeline
Colorado sports betting was in the making starting in 2019. That year they proposed a sports betting bill that would bring a new industry into the Centennial State. In July, Colorado lawmakers approved of the bill for the state to then vote on whether or not they wanted sports betting.
The state needed at least one million “Yes” voted to approve of sports betting in the state. Over 1.3 million people voted, and sports betting passed that year. The reasoning that Colorado had to vote on sports betting was because it would increase taxes. In the state, if there is a new law that will increase taxes, then the citizens of Colorado must vote to pass it.
On May 1, 2020, Colorado officially launched sports betting in the state. Four sportsbooks launched on day one, and the state has seen a huge growth in the early months after going live. The Centennial State also has lenient taxes, which has allowed sportsbooks to enter the market more quickly than other states.
Colorado collects 10 percent of taxes on net proceeds of sports betting revenue. These taxes then fund the state’s water plan along with other public purposes. There is a six percent hold on the taxes, which goes to compensate the beneficiaries of revenues generated and other gaming. In contrast, it will help compensate others who have suffered losses.
The Colorado sports betting process went fairly quickly. One thing the state did was they gave themselves six months to set up regulation and other ground rules before the launch of sports betting. This also helped sports betting operators to be able to enter the first day of launch as there were six months from the passing of the bill to when Colorado went live.
Unfortunately, the coronavirus pandemic hurt the plans as Colorado went live when sports were at their lowest. However, the early revenue numbers that came out of Colorado showed how much promise this state has with sports wagering.
DraftKings Competition Colorado
Colorado has a fierce market brewing for sports betting. Since the May 1, 2020 launch, 14 sportsbooks launched in Colorado in the first 136 days. The sportsbooks are only going to continue to grow as more look to enter the Centennial State.
As of writing this, DraftKings is one of the top sports betting brands in the U.S. and is going to be a big player in Colorado. However, they will have to go up against some big names like FanDuel, FOX Bet, William Hill, and others.
Not to mention PointsBet is looking to enter the Colorado market and is also building a headquarters in Denver. This is going to be huge for a DraftKings competitor as they try to get a stronghold on a promising market.
Fortunately, for DraftKings, they are located in Black Hawk, which 38 miles west of Denver. This helps to be near a major market to bring in retail customers while also having a sizable customer base with mobile betting.
However, DraftKings knows that becoming the market leader in the Centennial State will be no cakewalk. With 14 sportsbooks and counting already in the state, they will all take a piece of the DraftKings market share if they are not on top of their game.
How to Use DraftKings Sportsbook in Colorado
Setting up a DraftKings account is simple and easy to do. You can see our Lineups.com DraftKings review for a step by step guide. The bonus code of up to $1,000 is also found when clicking the link.
Betting on DraftKings is super easy. First, you will want to click through our link above and download the app or register online. Once you do that, you can sign-up, which only takes minutes to do. After you are signed up with DraftKings, you can place your first deposit where you will receive your $1,000 in free bonuses!
From there, you can start betting, and the money you deposit in your account will be ready to go instantly. All you have to do is click on the sport you want to bet, find a game you like, and place your bet. After you do that, a screen will pop up asking you how much you want to place on the game. Hit submit on the screen, and you will have placed your first bet with DraftKings. It’s that easy!
DraftKings App Review
The DraftKings Sportsbook mobile app is very easy to use. The app has a very modern design to it and makes it easy for you to place any bet you want. At the top of the screen, you will see all the promotions and bonuses available on the app.
They have everything from odds boosts, deposit bonus, refer a friend bonus, and more. Below that is all the different kinds of sports you can bet on through DraftKings. From mainstream sports like the NFL, MLB, and NBA, they also cover other sports like cricket, table tennis, and darts.
Once you find a sport you want to bet on, you can click on it, and it will take you to a screen that has everything you can bet on. From spreads to futures to prop bets, DraftKings gives you a lot of betting variety on multiple sports.
The DraftKings mobile app is clean and aesthetically pleasing to use. What is nice about the app is that everything is nice and organized. Links and odds are all neatly categorized, so you do not get confused or lost while using it.
They even break the app up into five different sections at the bottom to make it even easier for a user. They have the main home screen, but also have sections for in-game betting, your own bets, sports categories, and rewards. Whatever you are looking to do, DraftKings makes it easy for you to navigate the mobile app.
The app is also available for IOS and Android products, so all of DraftKings customers will be able to use it. Another nice thing DraftKings does is they allow you to set a pin number for every time you enter the app. Instead of having to type in your username and password when entering DraftKings, you can type in a four-digit pin number, which will be more time-efficient to you.
Depositing and withdrawing money is straightforward, as well. You can use a credit or debit card, PayPal, eCheck, or DraftKings prepaid card. Once you deposit money, you can start betting right away instantly. Withdrawing your winnings is also just as easy. You can withdraw your money the same way you deposited it. If you used your debit card to deposit, then you can use it to withdraw. Like most sportsbooks, it does take at least 48 hours to see the deposit back in your bank account, so please be patient with that.
Future Bets on Denver Teams
Broncos Over 7.5 Wins +118
Although the Broncos finished 6-10 last season, this team has improved and could have a shot to hit to .500 mark in 2020. Denver improved on both sides of the ball by bringing in an improved offensive line and drafting Jerry Jeudy.
They also have one of the best secondaries in the NFL with multiple ballhawks back there. Despite losing Von Miller, this front seven should be a force. Quarterback Drew Lock still has a few question marks, but he does have talent around him for success. The season could come down to his quarterback play, and if he can play just average football, this team can get to 8-8.
DraftKings Colorado FAQ
- Is DraftKings available in Colorado?
- Does DraftKings have mobile betting?
- What is the DraftKings sign-up bonus?
- What type of bets does DraftKings offer?
- Can I transfer money between my sports betting account and DFS account?
- How long do I have my promotional offers for?
Yes, DraftKings launched on May 1, 200, in the Centennial State. They have mobile sports betting and also partnered with Mardi Gras Casino in Black Hawk. DraftKings was one of the first sportsbooks to go live in Colorado, as they wanted to take advantage of a market that was favorable to sports betting operators.
Yes, DraftKings does have mobile betting available in Colorado. DraftKings had online betting ready to go when they launched in the state to make sure customers across Colorado were able to take advantage of early offers. Colorado is one of 10 states where DraftKings mobile betting is available.
DraftKings has two sign-up bonuses worth up to $1,000 when joining. The first is a $500 risk-free bet where if you lose, there is no cost to you. The other is the $500 deposit bonus. When you sign-up, DraftKings will matchup 20 percent of your deposit. To earn the full $500 sign-up bonus then you will need to deposit $2,500
DraftKings offers multiple different kinds of bets on almost every matchup. They have traditional bets like spread, totals, and money lines. However, DraftKings will also offer futures, prop bets, teaser, parlays, and more. In-game betting is also becoming popular among sports bettors as well.
No, DraftKings does not allow you to transfer money between your sports betting account and daily fantasy sports account. You must deposit money into both accounts if you wish to use both. This is one of the few downfalls of DraftKings as transferring money among accounts helps bettors with their gaming experience.
Your free-bet bonus will stay in your account for at least 30 days. If you do not use your free-bet, then it will go away. However, you can use your deposit bonus whenever you want. A majority of bettors use that bonus on their first deposit, but it will sit there until you are ready as well.
DraftKings Sportsbook Colorado App
Name: DraftKings Sportsbook Colorado App
Description: DraftKings Sportsbook is one of the easiest ways to bet on sports in Colorado. The app has great functionality, allowing you to easily create your betslip anytime and anywhere. Their sign-up process is one of the faster ones when it comes to online sportsbooks and they allow pretty much any option, from PayPal to credit or debit card, for depositing money. Click any links or banners on the page to get access to a $1,000 in free bets on DraftKings through Lineups.com
Operating System: iOS, Android
Application Category: Game
- Colorado Mobile App
- Deposit Options
- New User Bonus
- Game Selection
DraftKings Colorado App Review
DraftKings Sportsbook opened online on May 1st of 2020. So far Draftkings has made strides in the Colorado market partnering with the Mardi Gras Casino to bring a physical location for sports betting. They have also created a partnership with the Colorado Rockies as their Daily Fantasy Operator. DraftKings also decided to go public around the same time that they entered the Colorado Market, on April 24th. Throughout 2020 their stocks have skyrocketed which gives you a good indication of how their market is growing.