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, June vs. May
| Total handle | Mobile handle | Revenue |
June | $372.493M | $370.674M | $31.111M |
May | $495.333M | $493.411M | $37.376M |
Change | Down 24.8% | Down 24.9% | Down 16.8% |
The typical June sports betting decline bit the Rocky Mountain State.
On Aug. 7, the Colorado Department of Revenue reported that the total sports betting handle in June was $372,493,465, down 24.8% from May ($495,332,856). Of that amount wagered statewide, most was online and the mobile sports betting handle finished at $370,674,291 for June, a 24.9% decline in a month-over-month comparison with May ($493,411,091),
The total revenue (which Colorado calls Net Sports Betting Proceeds or NSBP) was $31,111,086 for the sixth month of 2025, a 16.8% decrease compared to $37,375,709 in May. The NSBP for mobile operators was $30,884,197, down 17.3% from May ($37,366,968).
That drop in revenue resulted in $3,079,722 for total sports betting taxes, a 14.1% drop from May’s $3,587,198. Mobile sports betting taxes fell 14.7%, from $3,582,891 the previous month to $3,055,691 in June.
In June, the top five sports by handle were baseball ($96,804,643), pro basketball ($71,836,211), table tennis ($30,049,135), tennis ($27,837,838) and soccer ($21,795,690). In total, Colorado’s retail handle was $1,819,174, meaning 99.5% of betting during the sixth month of the year was online.
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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