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, October vs. September

Colorado Sports Betting Up Slightly in October 

The mid-fall month of October delivered a mixed bag of results for Colorado sportsbooks, with a 6.8% month-over-month increase in wagering handle offset by a 39.6% slump in net sports betting proceeds during the 10th month of the calendar year.  

Overall, Colorado sportsbooks took in $601,222,031 in total wagering handle in October, up 6.8% from September’s sum of $562,923,090, while the Centennial State’s mobile wagering handle of $597,328,811 was up 7.0% from the month prior ($558,074,694).  

As far as net betting proceeds were concerned, October’s results weren’t quite so rosy, with Colorado sports betting operators taking in $25,103,293, down 39.6% from September’s total of $41,571,319, while the mobile net proceeds wound up at $25,471,496, which was down 38.1% month-over-month from September’s total of $41,118,928.  

When broken down by sport, professional football collected the largest share of Colorado’s sports betting handle in October, at $168,821,556, followed by basketball ($82,407,216), college football ($42,085,033), tennis ($41,445,737) and baseball ($39,889,562), while “other” had a total handle of $18,260,810 and the state’s parlay handle finished up at $152,684,877.  

Of Colorado’s total handle 99.4% of it ($597,328,811) came from mobile wagering, while $3,893,229 was plunked down at one of the Rocky Mountain State’s retail sports betting operators, with a total sports betting tax bill of $2,474,941 (down 38.9% from September’s total of $4,049,802) in the 10th month of the year.  

Colorado Mobile Sports Betting History