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Colorado sports betting revenue up year-on-year in December


Sports wagering revenue and handle in Colorado both increased year-on-year in December, though player spending was down month-on-month.

Consumers bet a total of $518.1m on sports during the month, up 12.3% from $461.4m in December 2021 but down 6.3% from $552.6m in November 2022.

Online betting accounted for $514.3m of all wagers in December, with just $3.8m being bet at retail sportsbook in Colorado.

In terms of gross gaming revenue, combined online and retail revenue reached $40.9m for the month, up 65.6% year-on-year from $24.7m and also 8.8% ahead of the $37.6m posted in November 2022.

Of this total, $40.7m came from online sports betting, while in comparison, retail accounted for $251,908 in revenue for December.

Slam dunk

Basketball was the most popular sport to wager on for the second consecutive month, with players betting $147.9m across online and retail.

Football betting handle was $137.0m, with college football at $38.0m and college basketball $33.1m.

Players won a total of $477.2m from sports wagering during the month, while the state was able to collect $2.6m in sports betting taxes.