The Colorado Department of Revenue reported on Monday gross operator sports wagering revenue of minus-$3.8 million on pro football for the month of February, suggesting a probable rout in favor of the betting public on Super Bowl LVII.
It was the third time in as many years with Super Bowl wagering available in the Centennial State that the public took the house to the cleaners in pro football betting in a February, though the Department of Revenue did not provide a specific breakout of numbers related to the Kansas City Chiefs’ win over the Philadelphia Eagles. (There were also XFL games in February and NFL futures bets paid out.) The February 2023 performance was the best yet for the public in terms of money won, edging out the $3.7 million the house paid out on top of accepted wagers in 2021.
The minus-13.8% hold on football this February, however, trailed the minus-15.2% win rate in February 2021. Overall, sportsbooks have paid out $9.5 million above the $83.1 million handle for pro football in the month of February from 2021-23, translating to a hold of minus-11.4%.
The $27.6 million handle for all pro football wagering this February was down 12.1% versus last year.