Breaking $600M mark for a first time

Colorado generates record-breaking sports betting handle of $608M in November

Reading time 1:09 min

The Colorado Department of Revenue has released sports wagering figures for November 2023. For the first time in state history, Colorado’s sports betting handle surpassed the $600 million mark in November, reaching $608 million in bets.  

The sports betting handle total in November was 9.67% higher than the figure Colorado recorded in October 2023. November's handle was also 10.11% higher than the total for the same period in 2022, which was $552.6 million. 

According to data shared by the state’s Department of Revenue, November 2023 witnessed the fourth straight month when Colorado’s sports betting handle grew month-on-month:

  • November: $608,488,266
  • October: $554,859,801
  • September: $512,792,794
  • August: $306,065,790.69
  • July: $281,110,490

Despite the surge recorded in handle, the state's gross gaming revenue fell from $46.9 million in October to $28.6 million in November. Meanwhile, the total taxes collected in Colorado in November 2023 were $1.5 million, a decrease of 55.43% from October 2023, when the state generated $3.3 million. The total taxes collected also saw a 42.31% decrease from November 2022, when the state generated $2.6 million. 

Colorado’s sports betting handle in November was mainly driven by non-parlay NFL bets, at 24.3%, owing to the boost provided by the ongoing NFL season. The handle also included pro basketball bets, which made up 23.6% of the handle share in November, and NCAA football, which accounted for the third-biggest share at 8.6%

$608+ million is the highest amount of handle in a given month since the inception of sports betting in May 2020 as well as the first time the monthly handle has exceeded $600 million,” the Colorado Department of Revenue said in a press release.

November’s record handle surpassed the second-best record of January 2022 by $30 million. It was also the ninth time that Colorado sportsbooks generated more than $500 million in handle

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.