- November saw Colorado sportsbooks generate $36.7 million in revenue.
- October remains Colorado’s highest monthly sports betting handle at $475.4 million.
- The Colorado sports betting industry resulted in $10 million worth of taxes in 2021.
DENVER, Co. – Colorado sports betting broke a record high in November after pulling almost $36.8 million in revenue.
November marked the second month in a row where Colorado sportsbooks generated a record-high revenue pull.
Although October maintains the highest sports betting handle so far, the revenue for November is a 28.5% increase from October.
This is a 100.3% increase year-over-year from the $18.3 million in revenue generated in November 2020.
Monthly Revenue Comparison
- November 2021 revenue: $36,781,848
- October 2021 revenue: $28,616,708
- November 2020 revenue: $18,354,655
As for Colorado’s monthly sports betting handle, although November didn’t set a new record, it was the second highest recorded handle so far, but below October’s handle
Colorado residents wagered over $475.4 million on sports in November, a slight decrease from October’s $491.4 million handle.
All three of Colorado’s biggest reported sports betting handles were in the last months of 2021’s fiscal year, with just under $1 billion being wagered in the last two months alone.
Top Three Sportsbook Handles:
- October 2021: $491,453,342
- November 2021: $475,441,229
- September 2021: $408,314,625
Since January 2021, Colorado sports betting has reportedly contributed $10,930,531 to the state government in taxes.
While November was obviously the biggest contributor to this with a $1.9 million tax payout, a few other months also contributed over a million in taxes.
Months With A 1+ Million Tax Contribution In 2021
- January: $1,195,774
- March: $1,060,854
- April: $1,082,611
- June: $1,186,455
- October: $1,246,804
- November: $1,981,640
Legal sportsbooks in Colorado have handled $4.5 billion in sports wagers since their May 2020 launch. Early 2022 will see Colorado residents break the gross total $5 billion sports betting handle threshold for the first time.
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