December Handle Down, But Colorado Passes $5 Billion Wagered in 2022

December Handle Down, But Colorado Passes $5 Billion Wagered in 2022
Fact Checked by Michael Peters

Colorado sports betting in December saw a decrease in handle compared to November, but the yearly totals for both handle and for gross gaming revenue compared favorably to 2021.

Starting with the 2022 yearly total for handle, the $5.18 billion that was wagered on sports in Colorado was an increase of 34.7% compared to the 2021 total handle ($3.85 billion).

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Turning to sports wagering gross gaming revenue (GGR), that total for all of 2022 was $351.95 million, and that was an increase of 40.7% from 2021ā€™s GGR ($250.1 million).

Regarding monthly comparisons, Colorado sportsbooks' total sports betting handle in December was just over $518 million. That was down 6.2% from November ($552.60 million), and it was up 12.3% from December 2021 ($461.45 million).

Colorado Sports Betting, December vs. November

Total Handle Mobile HandleRevenue (GGR)
December$518.089M$514.272M $40.909M
November$552.603M$547.947M$37.569M
Change Down 6.2% Down 6.1% Up 8.9%

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Revenue Up in December

For GGR, Decemberā€˜s total of about $40.91 million was up 8.9% from November ($37.57 million), and up 65.4% from December 2021 ($24.73  million).

Colorado sports betting apps dominate the market compared to retail. Mobileā€™s sports wagering market share was $514.27 million in December, which was about 99.3% of all the betting handle for the month.

Decemberā€™s top five sports, measured by wagering handle were: Pro basketball $147.85 million; pro football $137.04 million; college football $38.04 million; college basketball $33.11 million, and soccer $25.48 million. The category identified as ā€œotherā€ accounted for $13.03 million, and parlays accounted for $83.64 million.

Total sports betting taxes for December were $2,583,711, up 0.1% from November ($2,581,533) and up 235.3% from December 2021 ($770,561).

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Author

Bill Ordine, senior journalist and columnist for BetColorado.com, was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic Cityā€™s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.

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