Colorado Sees 98% of Sports Betting Handle Placed Online

Colorado Sees 98% of Sports Betting Handle Placed Online

The return of the NFL and the start of the MLB Playoffs in September helped Colorado sports betting reach another record as it topped $200 million in total handle and saw 98.2% of the wagers placed online.

The September handle was $207.65 million among Colorado’s more than two dozen retail and online sportsbooks, according to figures released Friday by the Colorado Department of Revenue. Currently, the state gaming commission website lists 15 online and 11 retail books. September handle saw a 61.4% increase over August’s $128,646,209.

RELATED: Learn more about Colorado casinos & online gambling law

Online wagering rules over retail in Colorado. Mobile sports betting handle at Colorado sportsbooks was about $203.8 million, up 61% from August’s $126.7 million, according to state figures. Retail wagering was just under $3.8 million in September.

Gross gaming revenues were $4.16 million (down 44.6% from August’s $7.5 million); net sports betting proceeds were $3.39 million and the taxes collected were $69,771.64. The win percentage was 2.01%.

Among individual sports, baseball was the most popular in September, attracting $47.1 million in betting handle. That was followed by football ($38.6 million), basketball ($37.7 million), hockey ($11.4 million) and table tennis ($5.3 million). A category noted as “other” accounted for about $20.7 million. Parlays accounted for about $28.1 million due to NFL betting and college football returning to the betting scene.

The Colorado sports betting market launched on May 1.

Colorado Sports Betting, September vs. August

Total Handle Mobile HandleRevenue (GGR)
August$128.646M$126.666M $7.520M
ChangeUp 61.4%Up 61% Down 44.6%

More Sportsbooks are Live in Colorado

In addition to college football and the NFL returning in September, Colorado saw new sportsbooks go live during the month.

On Sept. 2, TheScore Bet launched in the state about a month after receiving approval from the Colorado Division of Gaming.

William Hill’s mobile app went live on the day the 2020 NFL season kicked off — Sept. 10. The company had previously launched sports betting kiosks in two retail casinos in Black Hawk.

On Sept. 11, Betfred USA Sports announced that its online sports betting platforms launched in Colorado. Betfred also has a partnership deal with the Denver Broncos.

The Carousel Group announced on Sept. 21 that went live with its online sportsbook.

At least one more sportsbook is on the way. Tipico, the leading sports betting provider in Germany, announced on Oct. 12 that it had reached deal with Century Casinos to provide online sports betting services. Century Casinos operates casinos in Cripple Creek and Central City. It has two other online sports betting partnerships in the state with Circa Sports and bet365.

But states could see a dip in October from their record numbers. The NHL’s playoffs ended on Sept. 28 with the Tampa Bay Lightning hoisting the Stanley Cup and the NBA ended Oct. 12 with the Lakers winning the championship.

Sports Betting Grows in US

New Jersey in September set a new U.S. sports handle record at $748.6 million, beating its August national record of $668 million by 12.1%.

Other states also posted big numbers in September:

  • Pennsylvania set a new state record for total sports handle in September with $462.79 million, a 26.8% increase over the mark of $365 million it set in August.
  • Indiana saw a state record $207.45 million in September sports handle. That was a 22.7% increase from August’s $169.02 million.
  • Iowa posted $72.4 million in September handle, up 43.9% from August’s $50.3 million.

  • In West Virginia, $76.9 million was wagered in September, an increase of 90.3% over August’s $40.4 million.