Colorado February sports betting handle hits $267m
Colorado sportsbooks collected handle of $267m in February, the third-highest month for the state since launching last spring.
Handle was down nearly 19% from January’s record high of $326m. Revenue was $10.4m in February compared to $23.1m the in January.
The state took in $39.5m of Super Bowl wagers. Nevertheless the NFL was a distant second place in handle to the NBA, which generated $95m in wagers. College basketball was third at $24m and table tennis ($13m) edged out hockey ($9m) to round out the top five.
Parlays contributed $40m of the handle. Online wagers accounted for 97%, or $258m, of all bets. Of the $8.3m wagered at retail sportsbooks, more than $3.1m was on the Super Bowl.
“One year ago, we were talking about the casinos in Colorado shutting down due to the pandemic. This March, in comparison, we’re looking forward to a new outlook for the gaming industry, given the open sportsbook retail locations and multiple online options. Add in the March Madness championships, and we believe all of these factors will continue the growth trajectory that we see with sports betting in Colorado,” said Dan Hartman, director of the Colorado Division of Gaming.
State sportsbooks should benefit in March from a NCAA Tournament Sweet 16 run by the University of Colorado Buffalos.
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