Colorado Sports Betting Revenue

All-time Colorado sports betting numbers

2803377771
Dollars of sports wagers

Total sports betting handle in CO history

182245327
Dollars of gross sports betting revenue

Total sports betting revenue in CO history

79007676
Dollars of taxable sports betting revenue

Also called net sports betting proceeds

8456426
Tax dollars for the state

Total sports betting taxes to date for CO

Key CO sports betting figures

Compared to other states, Colorado does not offer up the same breadth of data other states offer. For example, it does not divulge how each operator is performing. Nor does the state revenue reports denote what bets were placed online and which were placed at a brick-and-mortar sportsbook.

Nonetheless, there are some big numbers they do provide. Here is a look at what each category measures:

Handle: The total number of dollars wagered in a given month.
Gross gaming revenue (GGR): This number is calculated by deducting the amount of dollars paid out in winning bets from handle.
Net sports betting proceeds (NSBP): Also known as taxable revenue or adjusted gross revenue (AGR), NSBP is the amount of revenue that the sportsbooks actually pay taxes on. This number represents GGR minus the amount paid in free bets as well as the .25% federal excise tax on handle.
Free bets: This is just what it sounds like. The sportsbooks offer promotional bets like risk-free bets or deposit bonuses. The sportsbooks can then deduct that amount of free bets, dollar for dollar, off of GGR to get the revenue they actually pay taxes on.
Federal tax: Every sportsbook in the US has to pay a federal tax in the form of .25% of handle.
State tax: The tax rate on sports betting in Colorado is 10% of NSBP. That money will go to the state of Colorado’s water conservation plan.

Here is a look at the lifetime totals of those figures as well as what each month produced in each category:

MonthHandleGGRNSBPFree BetsFederal Tax State Tax
May 2020$25,621,762$2,565,729$946,741$1,554,933$64,054$96,538
June 2020$38,136,949$3,484,015$2,169,978$1,218,694$95,342$217,023
July 2020$59,183,620$5,196,599$2,417,311$2,631,328$147,959$241,867
August 2020$128,646,209$7,519,599$1,877,911$5,320,072$321,616$189,462
September 2020$207,655,943$4,166,334($3,394,190)$7,041,384$519,140$69,772
October 2020$210,719,821$17,402,409$9,642,956$7,232,653$526,800$824,700
November 2020$231,238,842$18,354,655$8,977,426$8,799,131$578,097$793,820
December 2020$284,551,472$17,151,867$5,676,627$10,763,860$711,379$531,490
January 2021$326,903,462$23,144,535$11,730,059$10,597,217$817,259$1,195,774
February 2021$266,549,207$10,444,810$175,275$9,603,162$666,373$332,227
March 2021$300,990,843$20,365,121$10,632,016$8,980,627$752,477$1,060,854
April 2021$244,446,760$17,563,939$10,540,337$6,412,486$611,117$1,082,611
May 2021$248,968,135$15,154,761$5,911,265$8,621,095$622,400$635,641
June 2021$229,764,688$19,730,957$11,703,974$7,452,572$574,412$1,186,455
Total$2,803,377,771$182,245,327$79,007,676$96,229,207$7,008,445$8,456,426

Month-by-month Colorado betting breakdown

Here is a look at how much was wagered each month and which sports were the most popular among Colorado sports bettors:

June 2021

Wagers by sportTotal HandleOnline HandleRetail HandleRevenue (GGR)
Pro Basketball$74,884,932$73,725,307$1,159,625$4,010,908
Baseball$54,554,496$53,771,166$783,330$1,884,821
Soccer$12,757,625$12,704,742$52,883$1,342,172
Tennis$12,283,525$12,274,232$9,293$852,557
Hockey$10,679,259$10,539,545$139,714$2,569,716
Table Tennis$8,678,789$8,673,902$4,887$703,529
Golf$5,921,356$5,907,841$13,515$864,694
MMA$2,302,772$2,295,981$6,791$308,356
Motorsports$499,313$497,224$2,089$41,222
Pro Football$306,435$290,953$15,482$276,110
Other$12,977,526$12,845,734$131,792$1,479,769
Parlay$33,918,660$33,547,629$371,031$5,397,102
Total$229,764,688$227,074,256$2,690,432$19,730,956

May 2021

Wagers by sportTotal HandleOnline HandleRetail HandleRevenue (GGR)
Pro Basketball$86,905,263$85,827,786$1,077,477$5,375,653
Baseball$49,058,252$48,351,202$707,049$2,220,341
Hockey$15,496,450$15,348,359$148,091$246,547
Table Tennis$10,253,385$10,239,727$13,658$765,237
Soccer$9,854,188$9,803,873$50,315$425,152
Tennis$8,213,423$8,209,139$4,284$678,612
Golf$4,797,097$4,786,600$10,496-$532,778
MMA$2,500,010$2,482,562$17,448$430,129
Boxing$758,013$734,924$23,089$21,854
Motorsports$718,490$714,815$3,674-$17,119
Other$16,750,931$16,750,931$0$465,055
Parlay$43,662,693$43,238,707$423,986$5,050,426
Total$248,968,193$246,488,626$2,479,567$15,129,108

April 2021

Wagers by sportTotal HandleOnline HandleRetail HandleRevenue (GGR)
Basketball$84,282,447$83,051,912$1,230,535$2,837,327
Baseball$48,269,730$47,841,788$427,942$2,658,153
Hockey$10,602,122$10,514,805$87,317$572,457
Table Tennis$8,961,483$8,956,738$4,746$728,764
Soccer$8,743,996$8,669,322$74,674$764,615
Tennis$8,126,095$8,123,216$2,878$790,908
NCAA Basketball$6,840,999$6,640,740$200,259-$210,262
Golf$6,407,735$6,385,390$22,345$661,853
MMA$2,697,007$2,663,997$33,010$120,633
Pro Football$1,697,172$1,678,372$18,800$79,895
Other$14,901,725$14,884,555$17,170$1,333,545
Parlay$42,916,248$42,509,051$407,197$7,226,052
Total$244,446,760$241,919,886$2,526,874$17,563,939

March 2021

Wagers by sportTotal HandleOnline HandleRetail HandleRevenue (GGR)
Pro Basketball$106,933,604$103,706,622$3,226,982$2,037,683
NCAA Basketball$70,956,812$69,679,801$1,277,011$4,366,068
Hockey$13,762,812$13,632,641$130,171$1,024,961
Tennis$10,858,864$10,854,743$4,121$712,947
Soccer$8,947,345$8,907,228$40,117$405,400
Table Tennis$8,841,600$8,826,398$15,202$641,995
Golf$4,843,649$4,819,964$23,685$558,962
MMA$3,491,865$3,446,236$45,629$585,288
Baseball$630,311$599,174$31,137$583,615
Motorsports$605,264$601,851$3,413$64,657
Other$15,350,546$15,130,013$220,533$1,535,783
Parlay$55,768,171$55,006,431$761,740$7,847,762
Total$300,990,843$295,211,102$5,779,741$20,365,121

February 2021

Wagers by sportTotal HandleOnline HandleRetail HandleRevenue (GGR)
Pro Basketball$95,048,567$93,097,256$1,951,312$4,599,618
NCAA Basketball$39,550,966$36,407,735$3,143,231$1,243,681
Pro Football$24,160,614$21,664,493$2,496,121-$3,682,739
Hockey$13,019,869$12,900,963$118,906$749,909
Tennis$9,515,975$9,503,190$12,785$282,073
Table Tennis$6,893,992$6,890,939$3,052$577,433
Soccer$6,333,382$6,287,181$46,200$636,908
Golf$3,940,042$3,931,300$8,743$314,027
MMA$2,074,834$2,053,220$21,614$168,865
Motorsports$666,414$660,715$5,699$310,674
Other$25,457,567$25,410,953$46,614-$889,888
Parlay$39,886,984$39,411,423$475,561$6,134,249
Total$266,549,207$258,219,369$8,329,837$10,444,810

January 2021

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
Pro Basketball$88,365,107$86,975,009$1,390,098$4,192,297
Pro Football$74,996,682$71,218,552$3,778,130$7,042,317
NCAA Basketball$39,867,108$39,083,723$783,385$1,229,664
Table Tennis$11,820,170$11,805,187$14,982$827,687
Hockey$9,589,729$9,500,015$89,714$850,813
Soccer$6,135,985$6,081,353$54,632$462,168
NCAA Football$3,374,245$2,872,422$501,823($292,347)
MMA$3,027,780$2,890,134$137,646$652,509
Tennis$2,944,133$2,935,853$8,280$250,916
Golf$1,733,107$1,730,869$2,238$14,422
Parlay$53,326,437$52,564,926$761,512$8,320,556
Other$31,722,979$31,696,059$26,920($406,467)
Total$326,903,462$319,354,103$7,549,359$23,144,535

December 2020

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
Pro Football$88,176,863$86,499,474$1,677,389$5,107,654
Pro Basketball$42,873,295$42,623,367$249,928$2,784,371
NCAA Basketball$35,234,085$34,712,033$522,052$97,366
NCAA Football$14,962,660$14,149,730$812,930$1,094,320
Table Tennis$10,959,432$10,950,604$8,828$763,373
Soccer$5,479,552$5,449,551$30,001$630,284
Tennis$1,717,178$1,716,378$800$174,415
MMA$1,247,154$1,241,156$5,998$144,092
Golf$659,867$659,291$576$26,516
Hockey$484,618$483,753$865$93,358
Parlay$46,446,755$45,681,477$765,278$8,092,669
Other$36,310,015$36,277,097$32,917($1,856,551)
Total$284,551,472$280,443,910$4,107,56$17,151,867

November 2020

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
Pro Football$88,472,268$86,262,368$2,209,900$7,495,032
NCAA Football$22,284,046$12,398,425$1,030,488$685,344
Table Tennis $12,406,614$12,398,425$8,189$829,824
Pro Basketball$9,671,471$9,650,195$21,277$369,551
NCAA Basketball$8,265,731$8,218,323$47,408$51,629
Soccer$7,367,477$7,318,830$48,647$442,740
Golf$5,037,269$5,021,461$15,808$76,197
Tennis$3,621,685$3,585,111$36,574$214,314
MMA$1,705,245$1,679,418$25,828$193,079
Boxing$537,597$533,392$4,205$169,083
Parlay$40,371,267$39,461,788$909,479$7,461,278
Other $31,498,173$31,489,320$8,853$377,585
Total$231,238,842$226,872,187$4,366,655$18,354,655

October 2020

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
NFL $67,982,612$65,898,747$2,083,865$3,234, 245
Baseball$23,045,433$22,673,545$371,888$1,284,235
NCAA Football$16,523,665$15,767,743$755,922$513,031
Basketball$12,678,276$12,507,782$170,494$474,283
Table Tennis$9,346,381$9,341,131$5,250$490,598
Soccer$5,861,924$5,768,381$93,543$525,078
Tennis$3,999,917$3,983,979$15,938$379,613
MMA$2,513,989$2,471,613$42,375$89,336
Golf$2,130,199$2,126,956$3,243$53,580
Hockey$950,657$950,261$396($252,175)
Parlay$37,171,815$36,491,661$680,154$8,172,848
Other $28,514,954$28,459,355$55,600$353,874
Total$210,719,821$206,441,154$4,278,668$17,402,409

September 2020

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
Baseball$47,108,861$46,478,503$630,358($3,044,914)
NFL $38,611,752$37,360,906$1,205,846$1,744,378
Basketball$37,774,553$36,895,618$878,935$299,227
Hockey$11,472,947$11,322,996$149,951$357,148
Table Tennis$5,377,073$5,371,148$5,924$377,561
Tennis$5,050,503$5,038,487$12,016$251,973
Soccer$4,908,031$4,835,918$72,113$455,574
MMA$1,408,513$1,392,395$16,117($53,280)
NCAA Football$3,840,317$3,687,348$152,969$157,073
Golf$3,214,443$3,209,331$5,112$533,733
Parlay$28,172,699$27,577,826$594,872$3,913,861
Other $20,716,251$20,712,317$3,934($825,999)
Total$207,655,943$203,882,793$3,773,149$4,166,334

August 2020

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
Basketball $38,040,027$37,297,915$742,112$2,128,145
Baseball$22,789,309$22,476,539$312,771$1,330,172
Hockey$13,594,062$22,476,539$222,942$984,692
Table Tennis$4,529,502$4,511,781$17,721$350,751
Golf$4,477,179$4,464,945$12,234($355,367)
Soccer $3,528,514$3,439,413$89,102$77,281
Tennis$2,407,449$2,403,020$4,429$159,556
MMA$1,942,812$1,933,884$8,927$56,158
Competition$618,381$618,381$0($16,207)
Motorsports$299,440$297,710$1,730$39,333
Parlay$22,662,125$22,150,097$55,975$2,655,388
Other $13,757,408$13,701,433$55,975$222,012
Total$128,636,209$126,666,238$1,979,971$7,519,599

July 2020

Wagers by sportTotal handleOnline handleRetail handleRevenue (GGR)
Baseball$9,217,343$9,096,568$120,775$710,374
Soccer $7,601,501$7,558,561$42,940$621,152
Table Tennis$5,109,202$5,099,432$9,795$271,179
Golf$4,830,141$4,820,346$9,795$717,303
Basketball $3,334,820$3,192,267$142,553$76,490
MMA$2,643,976$2,621,530$22,446$237,371
Tennis$2,086,288$2,079,881$6,407$98,099
Motorsports$461,760$460,812$948$132,615
Hockey$394,570$389,092$5,478$277,935
Boxing$293,147$292,094$1,053$50,088
Parlay$8,638,481$8,439,415$199,066$1,413,240
Other $15,572,390$14,550,805$21,585$1,590,732
Total$59,183,620$58,600,805$582,815$5,196,599

June 2020

Wagers by sportHandleRevenue (GGR)
Table tennis $9,148,984$535,423
Soccer $4,136,069$288,627
Golf $3,426,742$459,847
MMA $2,159,116$7,668
Tennis $1,336,628$60,468
Baseball$1,238,543$37,247
Motorsports $617,683$98,502
Basketball$442,546$97,841
Boxing$315,522$36,193
Football$94,437$91,330
Parlay$4,673,441$791,758
Other $10,537,238$955,247
Total$38,136,949$3,484,015

May 2020

Wagers by sportHandleRevenue (GGR)
Table tennis $6,589,475$413,897
MMA $1,742,608$264,616
Baseball$1,656,613($18,293)
Soccer $1,529,844$70,361
Golf $1,423,684$146,453
Tennis $708,762$53,428
Motorsports $520,317$110,769
Football$252,328$250,397
Darts $133,291$133,291
Hockey $117,395$117,395
Parlay$3,007,111$3,007,111
Other $7,940,425$7,940,425
Total$25,621,762$2,565,729