Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.
Almost all revenue in January came from online wagering, with this segment generating $35.4m in revenue. Retail sportsbooks were responsible for just $106,592 in revenue.
In terms of handle, player spending in January reached $547.2m, which was 4.6% lower than $573.7m in the same month in 2022 but 5.6% ahead of $518.1m in December last year.
Of this total, $542.2m was spent online, while the remaining $4.9m was wagered at retail sportsbooks across the state.
Basketball remained the most popular sport to wager on in Colorado during the month, with players betting a total of $178.0m. Football followed with $122.2m in wagers, then college football on $50.2m.
Players won $511.7m from betting on sports, while the state collected $2.6m in tax.