The Colorado Department of Revenue reported sports wagering handle of $547.2 million for the month of January late Thursday, sending the all-time national amount wagered in the post-PASPA era over $200 billion.
The Centennial State has made a notable contribution to that total, being one of seven states to surpass $10 billion in handle. Colorado has had sports wagering in 33 of the 56 months since it became legal on a state-by-state basis and is part of a formidable sports betting trio of western U.S. states with Nevada and Arizona.
It was the fourth consecutive month Colorado sportsbooks accepted more than half a billion dollars in bets and the sixth time overall. The handle was 5.6% higher than December’s $518.1 million, but 4.6% off the record $573.7 million generated in January 2022.
Gross revenue totaled $35.5 million, as the 6.5% hold was the lowest reported by state sportsbooks since a miserly 2.2% in June. Bettors nearly broke even at retail sportsbooks, with the house collecting barely more than $106,000 from $4.9 million wagered.