All About Colorado Sports Betting Handle And Revenue

By Editorial Staff

@Bet_Colorado

April 1, 2025 10:38am

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, February vs. January

Coloradans wagered $496,628,781 on sports in February, according to data released by the Colorado Department of Revenue on April 1. That’s down 24.4% from January’s handle of $657,182,798. The drop was expected as the NFL season concluded and February being the shortest month of the year. 

The state’s licensed mobile sports betting apps accounted for nearly all, 99.4%, of the wagering in February. The 13 authorized operators accepted $493,644,175 worth of bets for the month. That, too, was down 24.4% from January’s online handle of $652,806,885.

Operators reported net sports betting proceeds totaling $34,520,703. That fell 24% from the record $45,431,065 they collected in January. Colorado mobile sports betting operators earned $34,375,627 in the second month of 2025, a 24.2% decline from the $45,350,465 they earned the previous month.

Colorado received $3,431,766 in tax revenue for February, off by 24.2% from the $4,443,574 it levied in January, which was also a state record. Mobile sportsbooks accounted for $3,430,704 of February’s total, compared to January’s $4,435,263, a 22.6% difference.

Colorado does not break down handle by individual operator, but it does list the top sports for bettors during the month. Pro basketball accounted for $165,079,217 in wagers, or 33.2%. NCAA basketball held the second largest share, with $60,583,363 or 12.2%. Tennis ($27,617,522, 5.6%), soccer ($27,513,842, 5.5%) and table tennis ($26,969,358, 5.4%) rounded out the top five.

Football wagers totaled $26,309,878, or 5.3% of the handle, but many football wagers were made as parlays, which are grouped separately. Colorado bettors put down $115,958,798 in parlays for February, which equaled 23.3% of the month’s betting traffic, during the month when the Super Bowl was the only game in town for football.

Colorado Mobile Sports Betting History