The Colorado Department of Revenue reported sports wagering handle totaling $526.6 million for October, marking the third time the Centennial State has cleared the half-billion dollar total in 30 months of wagering.
The October figure ranks behind only the $573.7 million from January, and the only other time Colorado eclipsed $500 million in accepted bets was in March at $505.6 million. Colorado also became the seventh state surpass $9 billion in all-time handle in the post-PASPA era and the seventh to clear $4 billion handle for the 2022 calendar year.
The pedestrian 6.9% hold resulted in operators claiming $36.5 million in gross revenue. That win rate was second lowest among 24 states to report October numbers, currently ahead of only Nevada (6.2%) – with Illinois, Arizona, and Wyoming yet to publish.
There were $15.4 million in promotional credits and other deductions reported, leaving the state eligible to tax slightly less than $21.1 million in adjusted revenue. More than $2.3 million entered state coffers for October, marking the first time since launch in May 2020 tax receipts totaled more than $2 million in back-to-back months.