The Colorado Department of Revenue reported a sports betting handle of $537 million for the month of February this Thursday as Centennial State bettors continued to be tough out for operators.
Handle was up 26.3% compared to the $425.1 million wagered in February 2023. The $1.13 billion handle for the first two months of the calendar year is the most in Colorado history, beating out the $1.01 billion from January and February in 2022.
Gross sports betting revenue did not keep pace, rising only 14% to $25.8 million. The state’s 21 mobile operators and 10 retail books combined for a 4.8% hold, dragged down by the brick-and-mortar venues paying out $145,000 above the $3.5 million wagered.