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Colorado sports betting revenue edges up in January despite handle dip


Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.

Gross gaming revenue for the month amounted to $35.5m, which was marginally up from $34.6m in the same month last year but 13.2% behind the $40.9m reported in December 2022.

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.