BetMGM vs DraftKings
A direct comparison of two Colorado-licensed sportsbooks. Both operators are regulated by the Colorado Division of Gaming.
BetMGM
★★★★☆DraftKings
★★★★☆Head-to-head comparison
| Attribute | BetMGM | DraftKings |
|---|---|---|
| Overall rating | 4.7/5 | 4.9/5 |
| Welcome bonus | Up to $1,500 Back | Bet $5, Get $200 in Bonus Bets |
| Bonus condition | If first bet loses | Instantly + NCAA profit boost |
| Promo code | BETINCO | No code required; use links |
| Minimum deposit | $10 | $5 |
| Withdrawal speed | 24-72 hrs | 24-72 hrs |
| App rating | 4.7 ★ | 4.9 ★ |
| Launched in CO | May 2020 | May 2020 |
| Retail partner | The Lodge Casino, Black Hawk | Mardi Gras Casino, Black Hawk |
| Payment methods | Online Banking, Debit Card, PayPal, Skrill, Play+ Card | Online Banking, Debit Card, PayPal, Play+ Card, Wire Transfer |
BetMGM pros
- Largest first-bet offer in Colorado
- Tier credits earn at MGM properties nationwide
- Strong parlay and One Game Parlay options
BetMGM cons
- Higher minimum deposit than DraftKings or FanDuel
- Live betting interface lags top competitors
DraftKings pros
- Largest market share in Colorado
- Industry-leading mobile app
- Same Game Parlay innovator
- Frequent profit boosts and odds promos
DraftKings cons
- Higher hold on certain markets
- Withdrawal speeds vary by method
Verdict
Across our scoring rubric, DraftKings edges BetMGM with a 4.9/5 rating versus 4.7/5. DraftKings is the most-used sportsbook in Colorado and has been live since the day legal betting launched on May 1, 2020. The app routinely tops Apple App Store rankings, the in-play market depth is among the deepest in the state, and Same Game Parlay options are best-in-class for the major Colorado teams.
Bettors prioritizing low minimums should note DraftKings accepts $5 deposits versus $10 at the alternative.
Best move: try both. Welcome offers are one-time, so claiming each operator's promo lets you compare apps with real money before settling in.