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, January vs. December

The first month of 2025 delivered big time results for Colorado sports betting operators and the Centennial State’s bottom line, with a 1.3% increase in total handle along with a whopping 211% jump in net sports betting proceeds in January according to the Colorado Department of Revenue. 

Overall, Colorado’s total sports betting handle in January finished off at $657,182,798, which was up 1.3% from December’s total of $648,426,634, while the mobile handle of $652,806,885 was up 1.4% from December’s sum of $644,072,052.  

Revenue-wise, Colorado sports betting operators took in $45,350,465 in net sports betting proceeds in January, representing a 211% jump from December’s total of $14,522,496.

When broken down by sport, professional basketball had the largest wagering handle in January, at $178,006,627, while professional football accounted for $119,889,071. 

Of the Centennial State’s sports betting handle, 99.3% of the total came from online betting ($644,072,052), versus .7% ($4,375,913) that came from in-person wagers in Colorado during January.  

Finally, the total sports betting tax bill in January for Colorado sportsbooks wound up at $4,443,573 (up 198% from December’s total of $1,488,607), while the mobile sports betting tax figure of $4,435,263 was up 200% month-over-month from the $1,476,008 collected in December.

Colorado Mobile Sports Betting History