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Best Sportsbooks US / BetMGM Colorado Review 2024: Find the latest BetMGM Bonus Code CO for February

BetMGM Colorado Review 2024: Find the latest BetMGM Bonus Code CO for February

Last Updated on 07/02/2024

Read our verdict for BetMGM Sportsbook and Casino for Colorado (CO)

BetMGM bonus offersThe Centennial State offers lots of great sports betting options, but one that definitely requires your undivided attention is BetMGM Colorado. The brand is well-known across the US, and its sports betting services are highly rated by its loyal customers.

What a great reason for us to conduct an in-depth review of BetMGM sportsbook CO and find out what it offers all sports betting lovers and residents of the Centennial State. If you want to find out whether this sportsbook is for you, then join us! We’re looking at sports, betting options, customer service, its legal status, and much more.

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BetMGM Colorado & the sign-up bonus everyone’s talking about

Don’t online sports betting operators just love offering promos and sign-up deals for new customers? Think about it — the competition is so tight, especially since BetMGM sportsbook CO is one of the top sportsbooks in the Centennial State, that offering an attractive bonus that trumps your competitors’ is an absolute must. So what can you expect from BetMGM in the Centennial State? Let’s have a look.

Is there a BetMGM promo code CO or what?

New customers start with a first bet bonus of $158. Simply sign up, make a deposit and place your first wager. When the bet settles, you’ll receive $158 in the form of a BetMGM bonus bet.

This additional first bet worth up to $158 allows you to have no concerns going into that first bet, as BetMGM will have you covered. You can win a huge payout with a bet that size. Before claiming a bonus such as this, please check our review to see if there is a BetMGM promo code you need to use.

Market depth

BetMGM sportsbook CO offers wagering opportunities on a whopping 43 different sports from all over the world, and these options provide even more options once you start looking into them. We mean that one sport offers you the opportunity to bet on different leagues, which broadens the market even more.

There is a little something for all betting wants and needs, and you can find your fave on the alphabetical list that goes all the way from Alpine Skiing to Volleyball.

Betting options

BetMGM offers all the single-bet wagers like totals, point spread, and money line. Then, there are also props, futures, and parlays, including round robins and one-game parlays.

You can also place bets on props and futures bets, which rounds off the selection nicely.

If you want more (of course you do), there is also live betting, and the platform runs smoothly with the updates of odds, lines, and points spreads so that no lag will get you down.

Deposit & Withdrawals

Want deposit methods? Here you go!

There are so many deposit options you may have a hard time choosing one! Here is a full list with some added details for your convenience:

  • MGM Rewards Mastercard: Successful deposits earn 1 Point and 1 Tier Credit per $1 deposited when using MGM Rewards Mastercard.
  • BetMGM Gift Card: The BetMGM Gift Card can be used to fund BetMGM accounts. The Gift Card is currently available for sale in New Jersey, Michigan, West Virginia, Colorado, and a few other states.
  • PayWithMyBank (online banking): PayWithMyBank allows you to fund your BetMGM account directly from your bank account safely without having to leave the platform. Even better — you won’t pay any extra fees with this one!
  • Discover: Use your Discover credit card to fund your BetMGM account with no extra costs. You’ll be able to use your funds within two minutes after depositing.
  • Electronic transfer: With an electronic transfer, you use a pre-established online banking account, which is an account you already linked with BetMGM’s cashier section.
  • VIP Preferred: VIP Preferred is an ACH/echeck deposit method and is preferred by the sportsbook.
  • VISA or Mastercard: Use VISA or Mastercard to fund your BetMGM account. Debit and credit cards are allowed if your bank allows these types of transactions, as some banks don’t.
  • PayNearMe: PayNearMe allows you to fund your BetMGM account using cash at your local 7-Eleven or any other store that offers PayNearMe services. You need to provide a PayCode that is sent to your mobile or email to make a cash deposit.

Withdrawal options at BetMGM sportsbook CO

As with most sportsbooks, the withdrawal options are a smaller bunch. It’s also important to note that your BetMGM withdrawal time may vary, as your request first needs to be approved internally by BetMGM, which can take up to five days. Thereafter, the service provider’s waiting period applies.

Let’s take a look at your options at BetMGM Colorado:

  • VIP Preferred: When withdrawing with VIP Preferred, your waiting period will be between 3-7 days before your funds reflect.
  • Online banking: You have less waiting to do with online banking! You’ll have your funds available in 1-3 days.

Customer Service

The BetMGM Sportsbook offers its customers a variety of wagering and platform-related information, as well as the opportunity to communicate with customer support via a 24/7 live chat service. There’s also an email function on the site, making it super convenient.

Site & app performance

Whatever your preference, the site and the mobile app are great to use, and the layout on both platforms is quite similar, so there’s nothing new to get used to on the app. You’ve got all your options on the main screen, including your live betting, betslip, sports options, customer care, and parlay generator, to name a few.

Download the app directly from the BetMGM Colorado site or use the relevant app store for Android and iOS.

BetMGM has a partnership with the Midnight Rose Hotel and Casino in Cripple Creek, which provides them with a license to operate in Colorado as an online sports betting provider. Since sports betting in the Centennial state went live in May 2020, BetMGM Colorado has been on the scene, opening its virtual doors for excited customers.

BetMGM also provides all regulation and registration details on their site. According to the BetMGM Colorado sportsbook site, the sportsbook is licensed and regulated as an Internet Sports Operator by the Colorado Division of Gaming. BetMGM also tests its platform independently to ensure a quality and fair gambling experience for its customers.

Bet like a pro at BetMGM Colorado

Sports betting has two faces, really. On the one hand, you want to have fun betting and relax, but you also want to get something in return. When looking at the reality of the situation, these two options don’t go together as sports bettors who bet for fun tend to leave too much up to chance instead of using a sound strategy.

One of the best tools you can implement to form a solid betting strategy is EV, or expected value. Using expected value not only gives you the upper hand over other sports bettors but also the sportsbook itself, which we assure you also uses math and stats to determine their lines.

Doing an EV calculation can show you if a bet is worth going for, which can save you a lot of money and assist in making a profit in the long run. Sounds good, doesn’t it?


There you have it, folks. BetMGM Colorado is on the map, and we’re excited to say that we love what this sportsbook has to offer eligible residents of the Centennial State. Looking for variety when it comes to sports? They’ve got it. Looking for great sportsbook promo codes? They’ve got them. Looking for great customer service, live betting, lots of payment options, and a verified legal status? It’s all here.

BetMGM should be one of your go-tos if you haven’t signed up already, and remember to bet with that pro mindset of using a betting strategy that works.

BetMGM Colorado FAQ

👮 Is BetMGM legal in CO?

Well, when we conduct our operator reviews, looking at the legal status of a sportsbook within the state it is operating in is a top priority. This means that you can always get the honest truth in our reviews. If you want to find out more about BetMGM sportsbook CO’s legal status, you’re in the right place.

💥 Does BetMGM offer live betting in Colorado?

Live betting and streaming services are very sought-after options at sportsbooks, and many sports bettors specifically choose their sports betting platform with this service in mind. Also, the better the quality of the live betting service, the more customers it will attract. You can find out if a sportsbook offers live betting by looking at our operator reviews similar to our BetMGM Louisiana sportsbook review.

📱Can I make a deposit using Skrill at BetMGM Colorado?

E-Wallets are very popular when making online payments or deposits because they offer a sense of anonymity for the customer. BetMGM CO has lots of payment options available that includes e-wallet options, so we suggest you check them out.

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