The fourth month of the year wasn’t kind to CO sports betting, with double-digit declines in handle and net revenue in the Centennial State. Overall, Colorado sportsbooks took in $417,814,147.012 in handle during April, down 15.5% from March’s total of $494.4 million.
Colorado’s net sports betting revenue during the month fell 26.94% from March, dropping from $35.4 million to just over $25.8 million in April.
Through four months of the year, Colorado sportsbooks have now taken in under $1.9 billion in wagers, representing just under a 3% drop from last year’s total of $1.912 billion during the same period.
Here’s what you need to know about Colorado’s April sports betting report from the state’s gaming regulators.
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.
Mobile Sportsbooks Dominate Handle Again
Though Colorado has both retail and mobile options, roughly 99.2% of all sports betting wagers were placed on Colorado sports betting apps in April, with a retail handle of just $3,437,971.18 (compared to the state’s mobile handle of $414,376,175.84).
The dominant sport for Coloradans to bet on in April was basketball, with a total handle of $130.546 million wagered on the hardwood during the month. That bodes well for May and June numbers as well with the Denver Nuggets making a push for their first NBA title.
Basketball betting in the Centennial State represented 32.7% of all wagers placed in April, while baseball ($83,153,975.39, or 21.2%) and ice hockey ($27,475,877.26, or 7.4%) were the other main sports that bettors in Colorado wagered on during the month.
The only other sports to draw at least 2.5% of all wagers placed in Colorado during April were tennis ($17,972,210.99, or 4.8%), soccer ($16,916,442.13, or 4.4%) and golf ($9,169,877.72, or 2.5%).
The rest of the top 10, as far as Colorado’s sports betting favorites in April, were table tennis ($6,062,057.82, or 1.6%), college basketball ($6,786,480.73, or 1.3%), MMA ($4,455,692.03 or 1.2%) and boxing ($1,314,252.37, or 0.5%).
Parlay and combination bets collected a total handle of $59,985,208.68, representing 17.5% of all wagers placed during April in Colorado, while “other sports” collected 4.9% of the state’s handle, at $18,826,805.10.
Must be 21+ and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VA, WV, WY or Washington, DC. New users only. Must register using eligible promo code. First wager after registration must qualify. Min. Odds: -500. Max. Bonus Bet: $250. Awarded as non-withdrawable Bonus Bet that expires 14 days after receipt. Bonus Bet amount not returned for winning bets. Void where prohibited. See http://Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, MO, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah's Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit http://mdgamblinghelp.org or WV: visit http://1800gambler.net ; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Licensed through Horseshoe Bossier City and Caesars New Orleans), Washington, DC (OLG Class A licensed Operator): Call 1-800-522-4700. ©2025, Caesars Entertainment Gambling Problem? Call 1-800-GAMBLER DC, LA: Call 1-800-522-4700 MA: Call 1-800-327-5050 or visit http://gamblinghelplinema.org NY: Call 877-8-HOPENY or text HOPENY (467369)
Tax Breakdown
As far as taxes are concerned, Colorado sportsbooks chipped in $2,582,615 in April, bringing the state’s yearly contributions to $9,529,428.
That four-month total represents a 121.2% increase from the $4,307,501 the same operators chipped in during the first four months of 2022, showing how far the state’s new restrictions on bonuses and promotions have gone in bolstering the state’s take from wagering totals.
Stay with BetColorado.com for the top Colorado sportsbook promo codes for customers to use.
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