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, April vs. March
| Total handle | Mobile handle | Revenue |
April | $507.860M | $505.592M | $34.797M |
March | $618.044M | $614.512M | $21.901M |
Change | Down 17.8% | Down 17.7% | Up 59.8% |
The typical post-March Madness sports betting swoon hit the Centennial State in April, with a 17.8% month-over-month drop in wagering handle. But sports betting proceeds and taxes generated increased for Colorado sportsbooks compared to March.
Overall, April’s total sports betting handle, or amount wagered, in Colorado was $507,860,831, down 17.8% from March ($618,044,247), while the mobile sports betting handle was $505,592,302, a decrease of 17.7% from $614,511,764 the previous month.
The report from the Colorado Department of Revenue, posted on May 28, showed that total Net Sports Betting Proceeds (revenue) increased 59.8%, from $21,901,312 in March to $34,994,719. Of that total revenue, $34,796,635 came from mobile wagers, up 60.5% from March ($21,678,427).
As a result of that surge in revenue, Colorado’s total sports betting taxes finished the month at $3,402,122, up 57.7% from March ($2,157,555). Mobile sports betting taxes rose 57%, from $2,155,184 the previous month to $3,384,138 in April.
When broken down by handle market share, April’s top five sports in handle were professional basketball ($146,449,015), baseball ($82,362,010), hockey ($28,012,221), soccer ($25,116,528) and table tennis ($24,600,899).
In total, $2,268,530 was wagered via retail outlets, meaning that 99.6% of bets were placed with mobile sports betting operators in the Centennial State.
Colorado Mobile Sports Betting History
Colorado Sports Betting Handle and Revenue FAQs
Colorado bettors wagered nearly $6.19 billion on sporting events in 2024. The total handle increased 11.3% from 2023, when the state’s sports betting operators took $5.56 billion in wagers. The revenue rose 24.4% in a year-over-year comparison, up to $325 million in 2024, for operators offering Colorado sportsbook promotions.
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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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