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, July vs. June
| Total handle | Mobile handle | Revenue |
July | $352.310M | $350.628M | $28.084M |
June | $372.493M | $370.674M | $31.111M |
Change | Down 5.4% | Down 5.4% | Down 9.7% |
The midsummer sports betting dip struck Colorado sports betting operators and the Centennial State’s bottom line in July, according to a report from the Colorado Department of Revenue that was posted on Aug. 26.
Colorado sportsbooks had a total sports betting handle of $352,309,841 during the seventh month of the calendar year. Overall, the state’s July handle was down 5.4% from June ($372,493,465), while Colorado’s mobile sports betting handle of $350,627,590 was a 5.4% decline in a month-over-month comparison with June’s $370,674,291.
The state’s total wagering revenue fell 9.7%, from June’s total of $31,111,086 to $28,084,134 last month. Mobile sports betting revenue was reported at $28,054,772 for July, down 9.2% from $30,884,197 the previous month.
That drop in wagering revenues corresponded with an 11.8% month-over-month decrease in total sports betting taxes. Colorado collected $3,079,722 in June but $2,715,532 in July. Mobile sports betting operators accounted for $2,711,285 in July taxes, down 11.3% from June ($3,055,691).
Colorado’s top five sports in wagers accepted for July were baseball ($103,448,518), basketball ($60,083,376), tennis ($35,207,755), table tennis ($24,505,235) and soccer ($23,849,727).
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.
References
Author
Christopher Boan has been covering sports and sports betting for more than seven years, including stops at ArizonaSports.com, the Tucson Weekly and the Green Valley News.
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