All About Colorado Sports Betting Handle And Revenue
The experts at BetColorado.com have developed this guide to help you better understand the terms used when discussing Colorado sports betting revenue and handle. The state releases those figures on a monthly basis.
Colorado voters approved a constitutional amendment legalizing sports betting in November 2019. It allows for both in-person wagering at a brick-and-mortar sportsbook in a casino, or for wagering through a mobile app or an online site.
Though it’s not one of the more populous states that has legalized sports betting, Colorado offers one of the widest selections of online sports betting apps and websites in the country. Currently, 24 Colorado sports betting apps are licensed in the state.
Colorado Sports Betting, November vs. October
| Total handle | Mobile handle | Revenue |
November | $647.952M | $643.949M | $40.557M |
October | $601.222M | $597.329M | $25.103M |
Change | Up 7.8% | Up 7.8% | Up 61.6% |
Colorado had another huge month of sports betting on November, even if the figures fell a bit short of the state records.
November’s total sports betting handle statewide was $647,951,807, up 7.8% from October ($601,222,031), in a report filed on Dec. 23 by the Colorado Department of Revenue. That was the second-best amount of wagers accepted since the state launched sports betting in 2020; only the December 2023 handle of $716,343 million was higher.
As always, more than 99% of the action in the Centennial State was accepted by online sportsbook operators, whether via laptop, desktop or mobile devices. Mobile sports betting handle rose 7.8% in a month-over-month comparison, from $597,328,811 in October to $643,948,738 last month.
The overall net sports betting proceeds (NSBP) in Colorado hit $40,557,004 in November, a 61.6% increase over October’s $25,103,293 figure. Total taxes collected by the state amounted to $3,958,611 for November, a 60% hike from the previous month ($2,474,941).
That was just the second time revenue topped $40 million for a month in Colorado; only September’s total ($41.57 million) was higher.
The top five sports in handle were: Pro football $161,518,720, pro basketball $148,456,961, college football $43,515,506, college basketball $29,877,590 and tennis $23,504,376. Parlays accounted for $164,834,065 in handle.
Colorado Mobile Sports Betting History
Colorado Sports Betting Handle and Revenue FAQs
References
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The experts at BetColorado who bring you the latest updates in Colorado sports betting. We pull together decades of experience to give you analysis as well as comparisons of the best CO online gambling apps.
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