Sports betting handle in Colorado up 4.9% in November vs. prior month

Sports betting handle in Colorado up 4.9% in November vs. prior month

Article brief provided by The Center Square
  • Chris Woodward, The Center Square
January 4, 2023 8:43 PM
  • Chris Woodward, The Center Square

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.

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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.