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, September vs. August
| Total handle | Mobile handle | Revenue |
September | $562.923M | $558.075M | $41.571M |
August | $372.379M | $370.277M | $24.481M |
Change | Up 51.2% | Up 50.7% | Up 69.8% |
Colorado Sports Betting Handle and Revenue: September 2024
Colorado set a state record for sports betting revenue in September, thanks to the return of football and a hold of close to 10%.
Net sports betting proceeds (NSBP) in December hit $41,571,319, breaking the record of $38,549,635 set in January. Last month’s figure was also a 69.8% boost from August, when Colorado sportsbooks reported $24,481,257, according to the Colorado Department of Revenue.
Almost all of that NSBP, $41,118,928, came from online wagers. That was also the highest revenue since Colorado launched sports betting in May 2020. Like overall revenue, the mark of $38,370,548 had stood since January 2024
The total sports betting handle, or wagers accepted, hit $562,923,090 in September, up 51.2% from August ($372,378,664). That total was sixth highest in state history, and about $50 million more than September 2023 in a year-over-year comparison. About 30.8% of the handle, or $173.1 million, was derived from the NFL and another 7.5% ($42.3 million) came from college football. Baseball had the second-best handle, at about $69 million.
The state collected $4,049,802 in taxes from sports betting in September, a 70.5% increase from August ($2,375,443).
It’s hard to predict revenue from month to month, based on how well players do (or how often they miss, as was the case in September). But as for handle, September’s huge leap is nearly certain to be surpassed in October, with the return of regular-season NBA and postseason baseball ramping up interest. Will Colorado’s handle record of $716,430,270, set in December 2023, be eclipsed next month? Stay tuned.
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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