Colorado Sportsbetting Handle Drops in February

The sportsbetting industry in the state of Colorado dropped a bit in February, as handle decreased to $425.1 million, which was down from 2022 as well as January of this year.

The handle was down 3.5% from last year and also down 22.3% from January. Online dominated the industry, generating $421.6 million of bets, with retail books generating $3.5 million in bets.

The Centennial State's gross gaming revenues for sportsbetting came in at $22.6 million, up 15.3% from 2022 but down 36.3% from the total generated in February 2022. $22.5 million of the state's revenues came from online betting, while $49,945 came from retail books.

Professional basketball was the most popular sport in terms of betting, with $155.6 million in handle. College basketball was next with $68.1 million, and NFL wagers were the third most popular vertical, with $27.6 million in bets.

Player win for the month was $402.5 million.

No details on the taxes paid to the state from the books was made available.