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, March vs. February
| Total handle | Mobile handle | Revenue |
March | $618.044M | $614.512M | $21.901M |
February | $496.629M | $493.644M | $34.521M |
Change | Up 24.4% | Up 24.5% | Down 36.6% |
The sports betting handle in Colorado rose in March compared to February and also increased in a year-over-year comparison with March 2024, according to data released by the Colorado Department of Revenue on April 28.
The total sports betting handle in March was $618,044,247 in the Centennial State, a 24.4% increase from February’s $496,628,781 in a month-over-month comparison. As always, all but a tiny fraction of the action was wagered on mobile, laptop or desktop devices, with 99.4% of the handle coming online ($614,511,764, compared to $3,532,483 at retail locations).
The total handle also was about $25 million higher than 12 months earlier; the state took in $593.1 million in March 2024.
However, the numbers were not as rosy for revenue and for taxes collected.
The total Net Sports Betting Proceeds (or revenue) for March came to $21,901,312, down 36.6% from February’s $34,520,703. Of that revenue, $21,678,427 in NSBP came from online operators.
The taxes derived from overall sports betting fell 37.1% from February, declining from $3,431,766 the previous month to $2,157,555 in March.
Basketball was the favorite sports for Colorado wagering in March, with $208,268,871 on pro hoops and $112,541,203 on the college version during the NCAA Tournaments for men and women. Soccer was next at $28,578,179 in handle, followed by tennis ($26,078,799) and table tennis ($23,282,232). Parlays accounted for $148.15 million in bets.
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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