Colorado sports betting joins a growing number of markets that enjoyed an extra Sunday in October.
The record handle is 133.2% higher than October 2020, when Coloradans bet $210.7 million. With NFL betting leading the way, a fifth Sunday during October helped boost the monthly sports betting revenue figures.
Colorado sports betting revenue hits new heights
Along with setting the monthly handle record, Colorado sportsbooks also generated a record $28.6 million in gross gaming revenue, good for a 5.8% hold. In September, the sportsbooks reached $22.7 million, just shy of January 2021‘s $23.1 million record.
As sportsbooks continue to shell out promotions, the net sports betting revenue in Colorado dropped to $9.8 million. That is well above the $1.8 million in September, but still shy of January’s $11.7 million record.
The state collected a record $1.2 million in taxes, just edging out the $1.19 million collected in January. The state’s bettors prefer to bet online, with October right in line with the historic rate of 98%.
Colorado loves football
The extra NFL Sunday in October was certainly kind to many states. Both New Jersey sports betting and Nevada sports betting surpassed $1 billion in handle, and Colorado is no different. Colorado bettors wagered $171.2 million, or 34.8% of the month’s total, on the NFL.
College football betting was third $51.97 million.
NBA betting edged out college football for No. 2, with $63.3 million bet on the sport. Baseball and soccer rounded out the top five with $37.4 million and $15.8 million, respectively.
Top sports in Colorado
|Pro Football||$171.2 million||$6.3 million||3.7%|
|Basketball||$63.3 million||$2.5 million||3.9%|
|NCAA Football||$51.9 million||$186,399||0.4%|
|Baseball||$37.4 million||$3.5 million||9.4%|
|Ice Hockey||$13.2 million||$1.1 million||8.3%|
|Table Tennis||$10.3 million||$420,925||4.1%|
|Parlay||$89.7 million||$12.1 million||13.5%|