DraftKings Sportsbook Colorado: Online Sports Betting Set For May 1 2020
Legal sports betting is legal and regulated in the state of Colorado, as of May, 2020.
In November of 2019, voters in Colorado passed HB19-1327 which authorized legal sports betting in the state. This allows for casinos to offer sports betting as early as May 1st, 2020. The law has various conditions, which include:
- Voter referendum in the state (passed).
- A limited number of total licenses issues in the state.
- Central City, Black Hawk, and Cripple Creek Casinos only, by law.
- Each will be able to offer mobile/online betting.
- Taxes set at 10% of net proceeds.
- Taxes are primarily based to fund the Colorado Water plan, and is a casino tax.
- Casinos are free to set their OWN betting limits, which is great for consumers.
- Must be 21 years of age or older to place bets.
- Sports betting regulated by the department of revenue, via the Colorado Division of Gaming.
With this law, DraftKings Sportsbook just needed to find a partner in the state, so it could offer legal sports betting. DraftKings is already in Pennsylvania, New Jersey, Indiana, West Virginia, and New Hampshire and will go live in Colorado.
DraftKings Sportsbook Colorado Partnerships
In Colorado, sportsbooks must have partnerships with land-based casinos in order to launch an online sportsbook in the state. DraftKings Sportsbook has partnered with Twin River Worldwide Holdings for one of their three licenses. Twin River’s other two licenses are for FanDuel Sportsbook, and themselves “Twin River”. Expect DraftKings Sportsbook to partner with other businesses, sports teams, and more in Colorado to expand the brand, as it has in other states.
DraftKings Sportsbook is also expected to have a retail location in Colorado. With FanDuel Sportsbook being the “leader” in most of the other states both operators are in, DraftKings will certainly make a push in Colorado, as it looks to add the state to its repertoire.
DraftKings Sportsbook Promo and Bonus Code
DraftKings Sportsbook has some of the best promo and bonuses for new users in various states, including some very unique and creative promotions. Expect the same in Colorado. DraftKings Sportsbook has up to $1000 in free bonuses.
- Sign up at DraftKings Sportsbook.
- Deposit to fund your account.
- Make your first bet. If your first bet does not win, you receive the value of your first bet in refunds (site credits, up to $500).
- In addition, there is a deposit bonus of up to $500. Your first deposit is matched at 20%, up to $500.
- To achieve the max bonus of $1000, bettors would need to deposit $2500, and bet $500 on their first risk-free bet. The downside is there is a 25x playthrough to unlock the full bonus, which means a total wager of $12500 in order for a full unlock.
This allows for a risk-free way for Colorado bettors to grow their bankrolls quickly, and the deposit bonus allows for even more bonus money for larger bankroll bettors. This is a similar bonus to FanDuel Sportsbook, but with the added deposit bonus.
DraftKings Sportsbook App and Platforms
DraftKings Sportsbook is available on a variety of platforms, including iOS and Android devices. While most play on their mobile devices, you can also play online as DraftKings Sportsbook’s website is a full-access sportsbook as well. In states where DraftKings Sportsbook has been active such as in New Jersey or Pennsylvania, mobile betting has made up 85% or more of the total betting handle.
The DraftKings Sportsbook app is smooth, sleek, and very easy to use. Bettors in Colorado will certainly be thrilled with the ability to use one of the top sportsbooks in the world in the confines of their own home and mobile devices. DraftKings has made its name from the very aesthetic brands and products, and top-notch user experience.
Sports Offered at DraftKings Sportsbook Colorado
The only restrictions in Colorado as far as sports betting goes are: no high school sports, no prop bets on collegiate athletics, and no non-sanctioned e-sports competitions.
Expect to see these sports on DraftKings Sportsbook:
- Auto Racing
- Basketball (Pro and College)
- Football (Pro and College)
- Mixed Martial Arts
- Soccer (EPL, Champions League, and more)
- Track and Field
Betting Types at DraftKings Sportsbook Colorado
No prop bets on collegiate athletics can be offered in Colorado, but that is the only restriction as to the type of bets you can place in the state.
DraftKings Sportsbook Colorado will offer:
- Parlays and Teasers
- Live Betting
- and more!
DraftKings Sportsbook Cashier and Banking
At DraftKings Sportsbook, there are many ways to fund your account, and a few ways to withdraw as well.
- Online Banking
- Debit Card
- Credit Card
- Prepaid Card
- and more!
- Online Banking
- Prepaid Card
DraftKings Sportsbook Customer Service
DraftKings customer service is available 24/7, with a few ways to get support:
- Call Back Option
- Live Chat
- Frequently Asked Questions