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, December vs. November

The final month of 2024 delivered slightly dreary results for Colorado sports betting operators and the Centennial State’s bottom line, with a 0.07% increase in total handle offset by a 64.2% slide in net sports betting proceeds in December according to the Colorado Department of Revenue. 

Overall, Colorado’s total sports betting handle in December finished off at $648,426,634, which was up 0.07% from November’s total of $647,951,807, while the mobile handle of $644,072,052 was up 0.02% from November’s sum of $643,948,738.  

Revenue-wise, Colorado sports betting operators took in $14,522,496 in net sports betting proceeds in December, representing a 64.2% slide from November’s total of $40,557,004, while the mobile proceeds wound up at $14,573,259, down 64.0% from November’s total of $40,528,995, as retail sportsbooks lost $50,762.96 in total revenue in December.  

When broken down by sport, professional football had the largest wagering handle in December, at $166,752,611, while professional basketball ($138,159,960), college football ($43,518,941), college basketball ($32,694,264), table tennis ($29,416,138) and “other” accounted for $18,921,372, while parlays accounted for $166,615,305. 

Of the Centennial State’s sports betting handle, 99.3% of the total came from online betting ($644,072,052), versus .7% ($4,354,582) that came from in-person wagers in Colorado during December.  

Finally, the total sports betting tax bill in December for Colorado sportsbooks wound up at $1,488,607 (down 62.4% from November’s total of $3,958,611), while the mobile sports betting tax figure of $1,476,008 was down 62.7% month-over-month from the $3,958,049 collected in November.  

Colorado Mobile Sports Betting History