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Colorado sports betting handle reaches $4.82bn in FY2021-22


Consumers in Colorado wagered a total of $4.82bn on sports during the US state’s 2021-22 financial year.

During the 12-month period, players in the state spent $4.78bn betting on sports over the internet, as well as $59.7m at retail sportsbook facilities across Colorado.

Basketball was the most popular sport among consumers by some margin, attracting a total of $1.20bn in wagers over the course of the year. Football bets amounted to $768.6m and baseball $506.2m, while $872.5m worth of parlay wagers were also placed.

In terms of revenue, total gross gaming revenue from sports betting was $282.6m for the financial year. The majority of this came from online, with this form of betting accounting for $279.6m, while retail revenue reached just $3.0m for the year.

The state was able to generate $12.4m in tax from sports betting, while players won a total of $4.53bn betting on sports.

Publication of the results comes after it was announced earlier this month that bet365 had launched internet sports betting in Colorado through a partnership with Century Casinos.

Under the 10-year arrangement, Bet365 will offer online and mobile sports wagering to players in Colorado via one of Century’s master licences.