Colorado Sports Betting Sees Nearly $553 Million In November 2022

Colorado sports betting handle increased 4.9% in November. November's sports bettors made $552,603,013. It was the second-highest handle in state history. The industry made more than $37 million in revenue.

November 2022’s sports betting handle showed a 16.2% jump from November 2021. Colorado sports bettors gambled a little more than $475.44 million in November.

Colorado sports betting brought in $2,581,533 in tax revenue in November. The fiscal year taxes to date are up to $10,816,035. In 2023, due to the start of a new bill, the state should see even more tax revenues from sports gambling.

Basketball was Colorado's most popular sport to bet on in November. Bettors gambled $142,186,629.72 on basketball. Professional football was second most-watched sport, followed by college football. The Denver Nuggets' recent success could be a factor in the popularity of basketball in Colorado. The team is tied for the best record in Western Conference. Denver's NFL team, the Broncos, is struggling.

Colorado sports betting companies cashed in on parlays during November. Colorado bettors placed $91,784,135.69 on Parlayers. They won $73,701,198.54 off parls.