Bonanza is a census-designated place in southeastern Uintah County, in eastern Utah, United States. The name refers to a rich mineral strike.
Near the community is a coal-fired power plant owned by Deseret Power Electric Cooperative. Bonanza is also in the area of the Colorado Plateau where oil drilling and extraction takes place from oil shale and other fossil fuel deposits. According to the 2010 Census, there is one person residing at this location.
Bonanza was established in 1888. The basis for establishing the community was a discovery of Gilsonite, a natural asphalt substance.
Bonanza is 212 miles southeast of Salt Lake City and is located on State Route 45.
According to the Köppen Climate Classification system, Bonanza has a semi-arid climate, abbreviated "BSk" on climate maps.