The total sports betting handle in Colorado increased 4.9% in November to $552.6 million, according to state data released on Wednesday. November’s total was also 16.2% higher than November 2021, the Colorado Division of Gaming said. The total handle for October was $526.6 million.
Colorado collected almost $2.6 million on taxes for the November wagers, the division said, which was up 10.8% from October tax revenue.
“The monthly November 2022 tax total represents a 30.4% increase from the taxes collected in the same month previous year of November 2021 of $1,979,134,” the division said.
With the NBA season having just started, professional basketball was the top sport for November with $142.2 million in total wagers.