Home > Sports betting > Colorado sports betting handle tops $554m in October

Colorado sports betting handle tops $554m in October

| By Robert Fletcher
Players in Colorado spent $554.9m (£442.9m/€514.5m) betting on sports in October, with online wagering accounting for more than $500.0m of this total.
Colorado December

Sports wagering handle in Colorado was 5.4% ahead of $526.6m in October of 2022. The monthly total was also 8.2% more than $512.8m in September this year.

Of the total amount wagered, $550.4m was spent online and $4.4m at retail sportsbooks across the Centennial State.

Turning to gross gaming revenue, Colorado operators generated $46.9m in October. This was 28.5% higher than $36.5m last year and also 3.5% ahead of September’s $45.3m total.

Online betting generated $47.0m in revenue but a $90,005 loss from retail pushed the total figure down slightly. 

American football drew the most bets, with players wagering $185.2m across online and retail. Basketball followed with a handle of $63.4m, then college football on $51.8m.

Other stand-out sports in Colorado included baseball with $38.3m in bets and tennis with $32.9m. Meanwhile, parlay bets for October amounted to $118.1m.

Consumers won a total of $507.9m from betting while the state collected $3.4m in tax.

Fanatics enters the fray in Colorado

The monthly figures come as Colorado players get set to begin betting with a new online brand.

The Fanatics Betting and Gaming (FBG) arm of Fanatics Holdings last week launched its sportsbook brand in Colorado. This forms part of its acquisition of PointsBet US, with the Fanatics brand replacing PointsBet in the state.

Existing PointsBet customers in Colorado can log in to the Fanatics Sportsbook using their existing credentials. Any open bets, balances and responsible gambling settings will also be moved across to the Fanatics Sportsbook.

The Fanatics Sportsbook is now live in nine US states, with the latest launch coming this week in Connecticut. 

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