Propelled by NBA and college basketball wagering, Colorado sports betting handle jumped to $494.4 million in March. The March betting handle was an increase of 16.3% over February ($425.1 million) but down 2.2% from March 2022 when the handle was over half a billion dollars ($505.6 million).
The numbers were especially impressive for net sports betting proceeds with March coming in at $35.4 million, up 195.8% from February (when it was almost $12 million) and an increase of 171.5% from March 2022 (just over $13 million).
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
Colorado Sports Betting, March vs. February
| Total Handle | Mobile Handle | Net Revenue |
|---|
| March | $494.440M | $489.928M | $35.416M |
| February | $425.143M | $421.601M | $11.972M |
| Change | Up 16.3% | Up 16.2% | Up 195.8% |
Mobile Wagering Dominates Again
Though Colorado has both retail and mobile options, online wagering at Colorado betting apps was by far the preferred way for customers to wager. Online betting accounted for $489.9 million of the total action in March, or about 99.1% of the statewide handle.
The March mobile sports betting handle of almost $490 million was an increase of about 16.2% over February ($421.6 million) and down 2.1% from March 2022 ($500.2 million).
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA). 21+ only. Please Gamble Responsibly. Terms and conditions apply. Subject to eligibility requirements. Bonus bets are non-withdrawable. This promotional offer is not available in Mississippi, Nevada, Ontario, or Puerto Rico.
Change in Tax Rules in Colorado
A change in how much gambling operators can deduct in bonuses and promotions from taxable proceeds has resulted in a sizable jump in tax collections from Colorado sportsbooks.
Newly imposed restrictions on such deductions – it’s now limited to 2.5% of an operators total sports wagering revenue -- meant that in March, total sports betting taxes were $3.1 million. That was up 146.8% from February ($1.26 million) and up 136.3% from March 2022 ($1.3 million).
The change in how much in promotions operators can deduct was the result of previous disappointing tax collections from sports wagering, especially compared to some other states.
As far as what was popular with gamblers in March, the top five sports generating handle were: Pro basketball, $193,007,439; college basketball, $94,312,535; hockey, $25,266,101; tennis $25,119,668, and soccer $19,422,032. A footnote is that the category, “other”, accounted for $18,351,817, and parlays attracted $90,329,588.
Stay with BetColorado for the best Colorado sportsbook promos for customers to use.
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get 1 promo code to redeem 3-month NBA League Pass subscription, complimentary of DraftKings, and get max. $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bets expire in 7 days (168 hours) and stake removed from payout. Token expires 11/23/25. Terms: sportsbook.draftkings.com/promos. NBA League Pass: Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/25 at 11:59 PM ET. Addt’l terms: https://support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Offer ends 11/16/25 at 11:59 PM ET. Sponsored by DK.
![quote]( "quote")
