DraftKings CO Promo Code & Sportsbook Review

by Gambling.com™

Now that the floodgates have opened up in Colorado for legal sports betting, DraftKings, one of the major players with huge brand ID thanks to its fantasy sports pedigree, has entered what promises to be a dynamic sports gambling marketplace.

Most known for its daily fantasy sports options, DraftKings has become a well-rounded machine in the land of online wagering (online casino, sportsbook and fantasy sports).

Sports wagering became legal in Colorado after voters on November 5, 2019 approved ‘‘Proposition DD.’‘ DraftKings is well-known, but what can the average bettor in Colorado expect from DraftKings online sportsbook?

DraftKings CO Pros/Cons

Excellent mobile app Odds can be somewhat of a mixed bag
Wide Range of Bet Types/td>

With its history in the daily fantasy space, DraftKings is used to needing an optimal mobile app, and it carries that kind of interface over into the online sports betting space and is one of the best out there. That goes along with its reputation of being an industry leader in all of sports. While the DraftKings app and reputation are definite, huge pluses, DraftKings offers every single type of bet you can imagine from the basic moneyline bets down to random props for different sports.

The only caveat to offering all these different kinds of bets is that sometimes that odds can be a bit scattered. More on that later.

DraftKings CO Welcome Bonus & Promo Code

DraftKings CO has quite a few things going on in terms of welcome offers.

  • With a minimum deposit of $5, players can receive a 20 percent match in bonuses, but cannot exceed $500 in bonuses. Thus, in order for players to receive the full $500 bonus, you must deposit $2500. This deposit bonus is dispersed in $1 increments per $25 wagered. So, to get the complete amount, a player must wager $12500 cumulative to daily fantasy, online casino and the sportsbook (on contests with odds of -300 or better). This must be completed in 90 days.
  • Players will also receive a free bet up to $500. Meaning, if a bettor deposits and wagers a single bet of up to $500 and loses, the player will be credited back that amount in the form of a free bet. You must wager within 30 days of depositing.
  • Lastly, players will get their first bet matched up to $25 directly from DraftKings. The winnings will be paid out in the form of a free bet.

Registration Process at DraftKings CO Sportsbook

Players who already have a DraftKings account, even from daily fantasy sports, will have a sportsbook account.

However, if you’re brand new to DraftKings, the registration process is broken down into four steps where you will need to give personal information such as your name, address, date of birth, last four digits of your social security number (occasionally they will ask for the complete number), consent to term of service and confirm your age (18 years or older). After this, you will need to download DraftKings’ geolocation software so it can confirm your location to wager legally in Colorado.You typically will also be asked for a government-issued ID or other proof of identity before making a first deposit.

Depositing & Withdrawal Options for DraftKings CO Sportsbook

Deposit Methods

  • Debit/Credit Cards
  • PayPal
  • Bank Transfer
  • Play+ Prepaid Cards

The minimum deposit amounts are $5 and the maximum is about $2000, but it differs by account.

Withdrawal Methods

  • Cash Cage
  • Check
  • PayPal
  • ACH

Payment Method


Deposit Amount

Withdrawal Amount

Withdraw Time

DraftKings does not offer any information in terms of processing times and a timeframe on when you’d receive money. However, for PayPal, we got our money back into our PayPal account almost immediately. For checks, allow for 3-10 days.

DraftKings CO Desktop Experience

If you’ve ever played DraftKings daily fantasy sports on desktop, you’ll notice the similarities from that page to the DraftKings sportsbook. There may appear to be a lot going on when you look at the home screen, so let’s break it down.

At the top there are links to the following:

  • Homepage: Brings you back to the default home screen
  • My Bets: Displays your bets
  • Live In-Game: Shows which contests are currently live in case you want to do live betting
  • Rewards: This shows information about promotions and welcome offers
  • Help: This brings you to the FAQ section and additional customer support
  • Flash Bet: Displays bets that can be made quickly during live contests
  • Pools: Join numerous other players for whatever pool is created and follow those games live

To the right of this, you will see your balance and the deposit options. Also, there are links to a few sports and a full A-Z guide for the different sports offered.

Continuing down the page, there is some information about promotions and other notable bets. To the right of the page, you’ll find the betslip that is populated once you make a selection, where you can place individual bets or create parlays and round robins.

Sticking on the home page, you can look at the live bets and also other game lines for different sports and events that will be displayed once you click on the individual sports.

There is a lot to digest here, and though the page may look a bit cluttered, it will not be difficult to figure out and explore. Not to mention, the desktop version is lag-free and there is no buffering whatsoever.

DraftKings CO App Experience

It cannot be stressed enough: The DraftKings app is fantastic. Not only does the mobile sports betting app have everything the desktop has, everything is definitely shrunk down to fit as optimally as possible.

The main difference is that the betslip is at the very bottom of the app. You can click on it and make wagers there. This is by far the most easy to maneuver sports betting mobile sports betting app we’ve used.

DraftKings CO Software

The DraftKings online sportsbook uses its own software and can be used directly on the browser. The only other software to download is a geolocation software after creating an account so DraftKings knows where you are located. This is required by regulators.

Sports Betting Markets Available at DraftKings CO


  • Baseball
  • Basketball
  • Boxing/UFC
  • Cricket
  • Darts
  • Football
  • Golf
  • Hockey
  • Motorsports
  • Soccer
  • Tennis
  • Table Tennis

Some notable omissions from the sports offerings are eSports (though this can be wagered on in daily fantasy sport) and Rugby.

DraftKings CO Online Sports Bet Types

Bet Types

  • Moneyline
  • Spread
  • Totals
  • Futures
  • Parlay
  • Round Robin
  • Teaser

Betting Lines at DraftKings CO

As mentioned in the cons section, the odds can be a little bit scattered in terms of consistency across the industry. There are certain sports such as hockey spreads that are, overall, worse than other sportsbooks, but there are other sports such as NFL, NBA and some MLB moneylines that are among the best.

Overall, if you wanted to solely wager with DraftKings, for the most part you’ll get some of the best lines out there. This is nothing to be overly concerned with.

DraftKings CO Sportsbook Betting Features

  • Live Betting: This will allow you to wager on contests in progress.
  • Cash Out: This allows for certain wagers to end prior to the traditional conclusion. You run the risk of not winning the full potential amount, but if you’re on the losing end, you’ll be able to salvage some cash.
  • Flash Bet: This allows for quick wagers to be made on live contests.
  • Odds Boost: Each day DraftKings CO will list different types of bets that have artificially increased odds.

DraftKings CO VIP and Loyalty Programs

DraftKings CO does not have a VIP Program, but there is a Rewards Program. These rewards are earned via completing various missions DraftKings will implement here and there. By completing the mission, you will receive rewards which can, in turn, be used for things such as free bets and more.

DraftKings CO Current Sportsbook Promotions

DraftKings does not exactly have different promotions pertaining to things involving betting. For example, at some sportsbooks on Fridays players get $10 free bets. There is nothing like this offered, but there are plenty of contests such as pools and other free games. There are also big tournaments that you be eligible for after betting on certain events.

DraftKings CO Customer Support

After clicking on the ‘‘Help’‘ button you will find an expansive FAQ section on everything you’d need to know. If this doesn’t work, however, there is a contact button below this. Here, there is an email form and information for a mailing address, a direct email and a live chat in the bottom-left corner.

DraftKings CO Responsible Gambling Features

At the bottom of the page, there is a link to the Responsible Gaming section of the site.

Here, you will find plenty of information DraftKings CO has including different support groups, organizations and other in-house systems that are used to limit your betting.The limits include things such as deposits, spending, time on the site and also a self-exclusion period. Outside of this, there is information in regards to how to protect those underage.

Our Verdict

DraftKings Sportsbook CO has everything and more you’d want in an online sportsbook, from a deposit bonus to a wide array of betting markets and a top-shelf app. Once again, some of the odds are a bit worse than competitors, but overall, you’ll get a top-of-the-line interface, mobile app and plenty of different options to wager on beyond just moneyline and spread.

Fans of sports wagering in Colorado will do well to explore what DraftKings CO has to offer.


Hi, I'm Adam Thompson

"Two decades covering sports and the evolution of online betting. My experience as a handicapper uniquely qualifies me to evaluate which operator is best."

  • Sports Betting
  • Daily Fantasy

Reviewer since August 2019

Company Information


225 Franklin St. 26th Floor Boston, MA 02110




United States

Overall Rating [ 4.8/5 ]

Game Variety - 5/5

Game Quality - 4.5/5

User Experience - 5/5

Competitive Odds - 4.5/5

Event Coverage - 5/5

Free Bets - 5/5

Supported Platforms

Other DraftKings Products

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