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Colorado sports betting revenue reaches record $36.8m in November


Colorado set a new monthly sports betting record of $36.8m in November 2021, while the US state’s handle fell just short of the all-time high total achieved in the previous month.

Consumers in the state wagered $475.4m on sports during November, which was 3.3% less than the record $491.5m spent in October 2021, but more than double the $231.2m bet in November of 2020.

Players spent a total of $469.0m betting online during the month, while the other $6.4m was wagered at retail sportsbooks across the state.

After accounting for $438.7m in player winnings, this left $36.8m in gross gaming revenue, a new monthly high for the state, smashing the previous record of $28.6m set in October 2021 by 28.7%.

The November revenue total was also double the $18.4m posted in the same month in 2020.

Online sports betting accounted for $36.6m of total gross gaming revenue for the month, with just $189,404 coming from retail sportsbooks in Colorado.

Professional Football remained the most popular sport to bet on in the state during November, drawing $140.3m in total wagers.

Betting on pro basketball amounted to $124.7m, while college football attracted $29.4m in bets and college basketball $29.0m.

The state was also able to generate $2.0m in sports betting taxes during the month.