DraftKings, BetMGM Wrapping Up NFL Season with Super Bowl LVI Promos

Written By Ken Pomponio on 02/09/2022 - Last Updated on March 21, 2024
Super Bowl LVI sportsbook promos

Will it be the upstart Cincinnati Bengals snaring the franchise’s first Lombardi Trophy?

Or will the favored Los Angeles Rams enjoy a confetti celebration in their home stadium?

Millions of worldwide viewers will find out Sunday night as the Super Bowl LVI champion is crowned.

If you decide to forego the hours of pregame shows, kickoff is set to take place shortly after 4:30 p.m. MT at SoFi Stadium in Inglewood, Calif. NBC will televise the contest.

The Rams are 4.5-point favorites at the majority of Colorado online sportsbooks. And the game’s over/under total is set at 48.5.

Then there are the multitude of proposition bets on the boards.  In many ways, they’ve become the main attraction of Colorado Super Bowl wagering.

If you’re looking to get in on the action, check out the potentially lucrative sportsbook Super Bowl promotions detailed below.

And, finally, don’t plan to stray too far from your screen at halftime, either. 

Dr. Dre, Snoop Dogg, Mary J. Blige, Eminem and Kendrick Lamar figure to put on a Super show for the ages.

Record $7.61 billion in Super Bowl bets expected

An estimate was released Tuesday on the amount of wagering expected for Super Bowl LVI.

And while the numbers weren’t surprising, they still are staggering.

The American Gaming Association said in a news release that a record 31.4 million Americans are expected to bet on Sunday’s Big Game.

And those wagers, according to the AGA, are expected to total approximately $7.61 billion.

If so, that would be an estimated increase of $3.33 billion (44 percent) from last season.

The estimates come from a national survey conducted by the data firm Morning Consult on behalf of the AGA. The firm surveyed 2,212 adults in early February.

The projected amount wagered and the number of bettors easily are high-water marks since the AGA began commissioning the annual survey in 2015.

The record numbers will be the result of several factors, according to the AGA.

Topping the list is the increased availability of live, legal betting markets. 

Currently, 30 states and Washington D.C. boast those markets. That’s 10 more states than February of 2021, meaning 45 million more American adults have access to legal wagering in their home states.

The survey also indicated that 76 percent of respondents said it was important to bet through a legal sportsbook — up 11 percent from 2021.

Turn a $5 wager into $280 on DraftKings sportsbook

DraftKings Colorado Sportsbook has an appealing Super Bowl promo offer for new customers.

How appealing? How about a 56-1 return on your stake?

Sign up and deposit at least $5 into your new DraftKings account.

Then place a moneyline wager of $5 or more on either the Rams or Bengals for Sunday’s game.

If your team wins, you win. 

And those winnings start with $280 in free DK bets. That’s in addition to any cash winnings on your original moneyline bet.

Here are some additional key promo details:

  • Your first settled Super Bowl moneyline wager of $5-plus after signing up will count as the qualifying wager.
  • The $280 bonus will be paid as seven free $40 bets.
  • Those seven $40 bets will be valid for seven days, and failure to use them during that span will void the remaining award balance.
  • The bonus are not redeemable for cash and are non-transferable and non-refundable.
  • The limit is one qualifying wager per customer and excludes odds boosts, live bets, parlay wagers, bonus, cash-out bets and voided wagers.

Refer to the full DraftKings promo regulations for additional information.

BetMGM offer includes bonus bet up to $1,000

BetMGM Colorado Sportsbook also has rolled out an intriguing promotional offer to coincide with Sunday’s Big Game.

It’s a welcome offer only for first-time customers that runs through Sunday.

Sign up for a new BetMGM sportsbook account and you’ll instantly be credited with a $50 bonus once your registration is completed.

But the value and perks don’t end there.

After downloading the BetMGM app, place your first sports wager utilizing your own deposited funds. 

If that bet loses, you’ll be credited with bonus in the amount matching your stake up to $1,000.

In other words, that’s a bonus first bet worth up to $1,000.

Note that you will be ineligible for the bonus first bet offer if you use the $50 bonus awarded upon sign-up as that first bet. Again, your own deposited funds must be used to qualify for the bonus first bet offer.

Also note that the initial $50 bonus must be used within seven days after being credited to your account.

Refer to the full BetMGM promo regulations for additional information.

Photo by AP / Morry Gash
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Ken Pomponio

Ken is a fourth-generation Coloradan and career sports journalist with more than 30 years covering the gamut from the preps to the pros. A lifelong Front Range resident and son of 1960s Denver Broncos season-ticket holders, he is a long-time sports betting enthusiast whose insight and passion shine through in his coverage at PlayColorado.

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