COLORADO SPORTS HANDLE GROWS TO $475.4M IN NOVEMBER
Colorado’s regulated sports betting market continued to see strong growth from licensed operators as total handle more than doubled to $475.4m in November 2021.
November handle increased by 106 per cent compared to the same month in 2020, with online wagers climbing 107 per cent to $469.0m. Retail sports handle from the state’s 17 retail locations increased by 45 per cent year-on-year to $6.4m.
Professional American football was again the most popular betting sport with $140.3m in wagers, followed by Basketball at $124.7, NCAA Football at $29.4m, NCAA Basketball at $29.0m, and Ice Hockey at $14.0m.
A total of $438.7m was paid out to players in winnings in November, generating gross gaming revenue of $36.8m, double the prior year period’s $14.8m total.
Net sports betting proceeds amounted to $19.3m during the month, compared to $9.0m a year ago, helping the state collect sports betting taxes of $2.0m.
Parlays and combination bets contributed a further $83.8m in wagers during the month, equivalent to nearly 18 per cent of the total.
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