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, February vs. January

Total Handle Mobile Handle Net Revenue
February $536.988M $533.483M $11.662M
January $596.686M $592.188M $38.550M
Change Down 10.0% Down 9.9% Down 69.7%

Colorado Sports Betting Handle and Revenue: February 2024

The second month of the calendar year produced its standard month-over-month swoon for Colorado sports betting operators, with a 10% drop in handle versus the states total in January and a 69.7% slump in wagering revenues month-over-month.

Overall, Colorado sportsbooks took in a total handle of $536,988,261 in February, which was down 10% from January’s sum of $596,685,968, but up 26.3% year-over-year from the $425,142,877 the operators took in during the second month of 2023. On the revenue side, Colorado sportsbooks saw $11,662,122, down 69.7% from January ($38,549,635) and down 2.6% from February 2023 ($11,971,619).

That sizable drop in revenue resulted in a 68.5% drop in wagering taxes, going from $4,128,369 in January to $1,302,169 in February, while that total was up 3.6% year-over-year from the $1,257,332 taken in last year.

As far as sport-by-sport handles were concerned, basketball had the largest total handle at $144,497,200, followed by college basketball ($25,207,487), tennis ($20,610,141), pro football ($18,767,193) and soccer ($16,454,013).

Of the Centennial State’s February total handle, 99.3% (or $533,483,343) was via online wagers.

Colorado Mobile Sports Betting History

Colorado Sports Betting Handle and Revenue FAQs

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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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