Colorado sports betting handle decreases 9.5% year-over-year for December 2024

The Colorado Division of Gaming (CDG) has reported the state’s sports betting handle for December 2024, with players having wagered a total of $648.4m during the month, representing a decrease of 9.5% year-over-year. 

Colorado’s December 2024 sports betting handle managed to increase by 0.1% from the figure reported during November 2024, with football accounting for the highest wager total at $166.8m throughout the period. Basketball was a close second with players having wagered $138.2m on the sport during December. 

Parlays and combination bets accounted for $166.6m of December 2024’s handle, where players can attach multiple legs from different sporting events to receive increased odds. 

Retail sports betting in Colorado generated a handle of almost $4.4m throughout December 2024, while online sports betting accounted for the vast majority of the month’s handle with a total of $644.1m. 

The state’s gross gaming revenue during December 2024 was reported to be just over $29.8m, including a total win percentage of 4.6%. Online sports betting generated nearly 29.9m of gross gaming revenue, but retail sports betting reported a loss of $39.8k throughout the month. 

Good to know: Jackpot.com announced that the lottery service provider launched operations within the state of Colorado on November 13, 2024

While figures from December 2024 represent decreases in sports betting handle for Colorado year-over-year, the state managed to report an increase for its fiscal year-to-date (FYTD) handle, including a 5.8% rise from the prior fiscal year period for a total of nearly $3.2bn. 

The CDG also reported that the state’s net sports betting proceeds were more than $14.5m during December 2024, which help to provide assistance for Colorado’s water conservation and infrastructure needs.

Kirk Geller

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