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, September vs. August
| Total handle | Mobile handle | Revenue |
September | $608.768M | $604.217M | $32.817M |
August | $417.227M | $414.703M | $38.682M |
Change | Up 45.9% | Up 45.7% | Down 15.2% |
The first full month of NCAA and NFL football delivered strong results for Colorado sports betting operators and regulators alike in September.
Colorado’s total sports betting handle, or amount wagered, was $608,767,705 in September, up 45.9% from August ($417,226,850), according to numbers that the Colorado Department of Revenue reported on Oct. 30. As always, all but a small fraction of those bets were placed via mobile devices, laptops or desktops, with online wagering handle hitting $604,216,849 last month, a 45.7% increase from $414,702,636 in August.
Payouts to players rose more dramatically than handle, meaning that revenue and taxes declined for Colorado sportsbooks in a month-over-month comparison. The total net sports betting proceeds (revenue) were down 15.2%, from August’s $38,681,673 to $32,817,465 last month. Colorado’s mobile sports betting net proceeds were $32,543,905 in September, down 14.9% from $38,240,273 in the previous month.
The Centennial State’s total taxes derived from sports betting finished at $3,236,074 in September, down 12.7% from August ($3,705,170). Taxes from mobile operators declined 12.4%, from $3,665,745 to $3,212,081.
The top sport for Colorado wagering action in September was professional football, with $193,397,784 in handle. That was followed by baseball ($73,713,712), basketball ($45,034,475), table tennis ($32,292,722) and tennis ($31,890,839).
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.
Cited by leading media organizations, such as:
