DraftKings Sportsbook Colorado: Review & Promo Code 2023

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 – $1,050 Free

The DraftKings Promo Code in Colorado gives you $1,050 in free bonuses. Just click our exclusive link below, register a new account, and make a deposit of $5 or more. You will receive a $50 free bet and up to a $1,000 deposit bonus at a 20% rate.

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 $1,050 in sign-up bonuses, which is one of the best bonuses out there that any sportsbook is offering.

This bonus contains a $50 free bet and a deposit bonus worth up to $1,000. 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 $1,000. So, in order to receive the full $1,000 bonus, you must deposit $5,000 when you sign-up with DraftKings. This deal is currently going through February 28, 2021.

The bonus will help you get your DraftKings account started. Being able to match your account by 20 percent is a nice boost that will benefit you, the bettor. 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 $1,050 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 $1,050 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

Between the Broncos, Rockies, Nuggets, and Avalanche, there are a lot of good options to start out betting with DraftKings. There is one future that sticks out more than any other bet.

Broncos Over 7.5 Wins +118

Although the Broncos finished 6-10 last season, this team has improved, but won’t hit .500 mark in 2021. 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?

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 $1,050 in free bonuses on DraftKings through Lineups.com

Operating System: iOS, Android

Application Category: Game

Author: DraftKings

• Colorado Mobile App
• Deposit Options
• New User Bonus
• Game Selection

5

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.

Well Done

• DraftKings has an extremely user-friendly interface that makes sports betting very easy.
• You can deposit money pretty much any way you would like, and it is an extremely quick turnaround time from when you deposit to when you can use that money to start betting.
• Great support team that can fix any issue that you have with the app or your betslip.
• Tons of different sports, and countless ways to play each one of those sports.

Needs Help

• Lots of promotions, which can be good and bad. While promotions are great, it can often clutter the experience of the mobile app and therefore cause it to be slower.
• Currently, the DFS and Sportsbook apps are in two separate places, although you can link accounts.