New Record For Colorado Sports Betting: $230 Million In November Bets

Posted on December 22, 2020

The Colorado sports betting industry hit a new monthly record with more than $231 million in bets recorded in November.

That’s according to figures released today by the Colorado Department of Revenue’s Division of Gaming. That number is up from about $210 million in handle in October, an increase of about ten percent month over month.

Colorado revenue from sports betting

Those wagers generated $18.3 million in gross gaming revenue for the state’s sportsbook operators. The state collected just under $800,000 in taxes on sports betting revenue.

Online sports betting in Colorado accounted for all but about $4.3 million of the bets.

“The positive response by Coloradans to sports betting continues to bring voter intended results that means good things to come for the beneficiaries,” said Dan Hartman, director of the Colorado Division of Gaming, in a press release.

What are people betting on in Colorado?

Colorado joins other states that have continued to see record highs for sports betting activity in the middle of the NFL and college football seasons. Pro football attracted $88 million in bets in the month; NCAA football saw $22 million.

Table tennis was the third-most bet on sport, with more than $12 million in handle. Parlays attracted $39 million in wagers, while the other category, a catch-all for non-major sports, generated $31 million in bets.

Where is Colorado in the US sports betting pecking order?

Not all states have reported their November sports betting handle and revenue, but it appears Colorado is solidly in sixth place among all states with legal sports betting:

Here’s the current ranking of states by most monthly handle:

  1. New Jersey
  2. Nevada
  3. Pennsylvania
  4. Illinois
  5. Indiana
  6. Colorado
Photo by Justin Edmonds / The Associated Press
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Dustin Gouker

Dustin Gouker has been a sports journalist for more than 15 years, working as a reporter, editor and designer -- including stops at The Washington Post and the D.C. Examiner.

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