FanDuel Sportsbook Colorado: $1,000 Free for CO Bettors (January 2021)

Table of Contents

FanDuel Sportsbook is one of the premier sports betting operators in the U.S. They entered the Colorado market on May 1, 2020, and have been growing since. FanDuel originally began operations in 2009 when they were a daily fantasy sports company. Since then, they have grown into a sportsbook and online casino operator with six million users.

FanDuel was the first daily fantasy sports operator as DraftKings did not launch until three years later. They even tried merging with their competition before the Federal Trade Commission stopped it from happening as the company would have been a monopoly in the DFS market.

FanDuel is owned by Flutter Entertainment, who bought most of the company for $158 million, 61 percent of FanDuel. The sports betting operator is now running online sportsbooks in seven states.

FanDuel Sportsbook Colorado Promo Code

When you sign-up for Colorado, FanDuel is giving you a risk-free bet up to $1,000. First, you need to make your first deposit into the sports betting app. Once you, do you are free to place a bet for free up to $1,000.

FanDuel Colorado Promo Code
Colorado Promo Code
Risk-Free Bet
Risk-Free Bet Terms
How to Redeem
Colorado Edibility

FanDuel has another promo going after you sign-up. If you go negative on your first day of betting, then you will get another risk-free bet of $100 to help get you positive. Along with that, if your first risk-free bet loses, then FanDuel will reimburse you another risk-free bet.

There are no requirements to earn this risk-free bet outside of being a new user. Everyone who signs-up for FanDuel will receive a $1,000 risk-free bet along with a $100 free-bet insurance if you go negative on your first-day betting.

Although there is no deposit bonus for new FanDuel customers, they do give player-friendly risk-free bets you can use during your first few days of playing.

fanduel sportsbook 1000 free bet

How to Bet on FanDuel Sportsbook in Colorado

FanDuel makes it easy to sign-up and create an account with its sportsbook. You can see our step-by-step guide on how to sign-up for a FanDuel account on our FanDuel page. They have a risk-free bet up to $1,00 when you click throughout the link.

To bet on FanDuel, you will first want to click on the link above and download the mobile betting app or register online. After that, you can sign-up by creating a username and password and putting in some other information for the account. Sign-up should take less than five minutes. After that, you can make your first deposit and receive your $1,000 risk-free bet.

You will be able to bet with FanDuel right away once you deposit your money. Whenever you want to place your risk-free bet, all you have to do is find a sport and a game to bet. Once you find one, in the bet slip, you will see bonuses. You click on bonuses and click on the free bet bonus that will in waiting for you. Hit submit, and you will have your first bet placed on FanDuel.

FanDuel Sportsbook App Review

fanduel sportsbook

The FanDuel Sportsbook is awesome and very simple to use. FanDuel has an app designed to look very modern and aesthetically pleasing for anyone to use. At the top of the FanDuel screen, you will see a place for you to sign-in at along with the different promotions they are offering.

The promotions FanDuel offers vary from odds boosts, refer a friend bonus, parlay insurance, player prop boosts, and more. FanDuel has mainstream U.S. sports like the NFL and NBA, but they also have Australian Rules Football, Cycling, table tennis, and more.

fanduel sportsbok mobile app

All you have to do is find the sport you want to be on, then click on the link, and FanDuel will take you to a page of everything you can bet on for that sport. FanDuel has traditional bets like point spreads and totals, but they also have prop bets and futures for a majority of the sports they offer.

The FanDuel Sportsbook app is organized very well for you to place bets. On the left-hand side, they have the whole list of every sport you could bet on through their platform. Once you figure out what sport you want to bet on, every bet will populate in the middle of the screen for you to scroll through and bet. The right-hand side of the screen shows your bet slip. Once you place your bet, it will appear on the bet slip on the right where you can place said bet.

They also separate pre-game bets, in-game bets, promotions, and FanDuel Casino, so you can narrow down on the section you want to go through. FanDuel makes the app convenient for you to move through.

You can also download the app for your IOS or Android. It is also compatible with your phone and tablet, and you can also set a PIN for your account once you are sign-up. This allows you not to have to put in your username and password every time you log in.

FanDuel also knows how important it is to deposit and withdraw money quickly. They give you plenty of options to deposit money into your account. However, FanDuel has told customers that some banks have charged people fees for depositing money using a debit or credit card. Using a bank transfer has been the best way, along with eCheck, PayPal, wire transfer, and more. FanDuel has a minimum $10 deposit.

Although there is a more limited section to use for withdrawing your money, FanDuel still makes it convenient to do so. You can withdraw your money using a FanDuel prepaid card, eCheck, Check, or PayPal. Depending on your withdrawal method, you will have to wait at least 48 hours before your money is deposited to you.

FanDuel Sportsbook FAQ

  • Is FanDuel available in Colorado?
  • What is the FanDuel sign-up bonus?
  • Does FanDuel have mobile betting?
  • Can I Use FanDuel outside of Colorado?
  • How do I cash out?
  • Can I cancel a bet once it’s place?

Is FanDuel available in Colorado?

Yes, FanDuel Sportsbook launched in Colorado on May 1, 2020. They were one of the first sportsbooks to enter the market to capitalize early in the Centennial State. They also partnered with Golden Gates Casino in Black Hawk, less than an hour west of Denver. FanDuel also has a partnership with the Denver Broncos as well.

What is the FanDuel sign-up bonus?

FanDuel is offering new users a $1,000 in sign-up bonus when registering. The $1,000 is a risk-free bet that you can place on any game when you register. They are also offering a $100 risk-free bet if you go negative on your first day betting with FanDuel. Two risk-free bets in the first two days are something to take advantage of.

Does FanDuel have mobile betting?

Yes, along with retail betting, FanDuel also has a mobile betting app in the Centennial State. Sports bettors can sign-up anywhere in the state of Colorado to use FanDuel. All you have to do is download the app and register for a FanDuel Sportsbook account. Once you do that, you will be able to start betting in minutes.

Can I Use FanDuel outside of Colorado?

You can use FanDuel outside of Colorado, but you must also be in a state with the FanDuel Sportsbook mobile app operating. None of Colorado’s neighboring states has FanDuel, so unless someone is traveling east to a state that has FanDuel, then they will be able to use the mobile betting app. FanDuel uses geolocation to track where you are, so you are in an authorized state with FanDuel.

How do I cash out?

Once you ready to cash out, you can click on your account and click on the withdraw link to get your money. You can withdraw your money via PayPal, eCheck, or regular check. Depending on how to request your money to be sent to you, it will take at least 48 hours to receive your money.

Can I cancel a bet once it’s place?

As long as the game did not start yet, you will be able to cancel a bet you placed. Once a game begins, then the bet is locked in and you have to ride it out. Every sportsbook goes by this rule, and have up until game time to decide whether or not you want to place your original bet.

Competition in Colorado

draftkings sportsbook casino

The Centennial State will be a popular destination for sportsbooks, which should create a lot of competition. Since the launch of sports betting, Colorado has seen 14 sportsbooks enter in the first 136 days. This is just the beginning as more are expected to enter the Colorado market over the next few years.

When it comes to sportsbooks, FanDuel is one of the best brands in the U.S. They should be a big player in Colorado with being one of the earliest entrance and being one of the most popular. The Centennial State will also see DraftKings, Points bet, and Barstool Sportsbook as some of the other top names in Colorado.

PointsBet is opening a headquarters in Denver over the next year. DraftKings is FanDue’s biggest competitor, and Barstool just launched its betting app in Pennsylvania and will be looking to expand to Colorado shortly.

FanDuel has set itself up in a prime location for taking bets in-person. They have a partnership with Golden Gates Casino in Black Hawk, 34 miles west of Denver. FanDuel’s location allows them to also bring in retail bets from anyone traveling to the casino from the city.

One of the biggest advantages FanDuel has in Colorado is partnering with the Denver Broncos. The multi-year partnership was formed in July and will benefit Broncos fans that use their platform to place bets.

Colorado Sports Betting Timeline

Colorado 1

Sports betting in Colorado launched on May 1, 2020. However, the process began roughly a year earlier in 2019. In July of 2019, the Centennial State proposed and approved a sports betting bill to bring the new industry to Colorado. Lawmakers decided that Colorado citizens would vote whether or not the state would legalize sports betting.

To get sports betting legalized, Colorado would need at least one million residents to say “Yes” to the new bill. In November 2019, 1.3 million people voted, and sports betting passed by a few thousand voted. Under Colorado law, the state had to vote because the new law would increase taxes throughout the state. With sports betting increasing Colorado taxes, the Centennial state voted on it.

May 1 was the set launch date for Colorado giving sports betting operators enough time to prepare. Four sportsbooks launched on day one, including FanDuel, and the state has seen rapid growth in the early stages of legalized sports betting. What has made Colorado an attractive location is the low taxes and entry fees, allowing sports betting operators to enter with how a hassle.

In the Centennial State, the tax rate on net proceeds of sports betting revenue is 10 percent. The taxes help pay the state’s water fund along with other purposes. A six percent hold is placed on the taxes, and that helps sports betting operators who are struggling in the state compensate for the losses they suffered in recent months.

With the state giving themselves a six-month window before launch, Colorado made sure the rules and regulations were best suited for both parties. Sportsbooks were also able to have enough time to set up on the first day of launch instead of scrambling.

The Colorado operation looked promising for a May launch until the coronavirus broke out in the U.S. Sportsbooks still went live on May 1, but the sports world was at its lowest during this, which hurt the launch of sports betting. However, Colorado saw a strong first month even when the pandemic hit the sports world the worst and showed a lot of promise moving forward.

Denver Sports Futures Bet

Bet: Broncos Over 5.5 Wins (-120)

denver broncos

This bet comes in season and should be able to hit in 2020. The Broncos have already faced many injuries that have set this team back, including Von Miller and Courtland Sutton, for the season. Drew Lock is also out for a month, and Blake Bortles was signed to take his place until he comes back. However, the Broncos are still good enough to win six games in 2020. They do have a favorable schedule and weapons on the offensive side of the ball. Although the secondary is young, they should keep Denver in games for the remainder of the year. As long as Lock can come back sooner than later, then 5.5 wins seem very manageable for a team that is off to a slow start in 2020.

About Author
Our Expert

Goran has been around since day one. Let’s just say that he could get around an online casino blindfolded. That’s not to say that he does, he’s a perfectionist at heart. Goran has been in industry already for a while as product designer and knows whole industry inside out.

ll▷ Best betting shops and online casinos ᐈ Top 10 for Januar 2021
Read our Privacy Policy and Terms of Use