Colorado sees first sports betting declines in February
| By Robert Fletcher
The Colorado Department of Revenue has revealed that the US state suffered its first month-on-month declines in sports wagering revenue and handle during February.
![Colorado February](https://igamingbusiness.com/img-srv/e2Dcm1zOuwfwkJ2ipkyb9OgwaHZt_VfAFWP2oF0-Lqw/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOC9jb2xvcmFkby0yNTUyNzc3XzE5MjBfMC5qcGc.webp)
Gross gaming revenue for the month amounted to $10.4m (£7.6m/€8.9m), down 55.0% from the record $23.1m reported in January.
Online revenue reached $11.0m for the month, but a $547,436 loss from retail sports betting operations pushed the overall figure down.
Colorado consumers wagered a total of $266.5m on sports in February, a drop of 18.5% from $326.9m in January and the lowest monthly amount since November last year.
This was also the first time Colorado failed to set a monthly handle record since the state opened its regulated market in May 2020.
Basketball remained the most popular sport for consumers to bet on, with a total of $95.0m wagered during February.