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NCAA Football And NFL Push Colorado Sports Betting To $45M In September

The Centennial State’s retail and online sportsbooks tallied $512,792,794 in September Handel, a 67.5% increase over August.

Colorado Quarterback Shedeur Sanders At NCAA Football Game with Colorado sports betting September 2023
Photo by David Zalubowski / AP Photo; illustrated by PlayUSA
J.R. Duren Avatar
1min read

Any way you look at it, September was a good month for Colorado sports betting.

The Centennial State’s retail and online sportsbooks tallied $512,792,794 in handle (total amount bet) in September, a 67.5% increase over August and a 13.9% rise compared to September 2022.

NFL, NCAA football betting dominate September’s handle and revenue

The start of the NFL and NCAA football season provided a significant boost to Colorado’s sports betting handle. The two sports combined for more than $215 million in non-parlay bets placed, a total that accounted for more than 44% of all money gambled.

For comparison’s sake, the combined football handle in August was just over $25 million. Additionally, non-parlay bets on NFL games accounted for more than 28% of the overall revenue figures for the month.

Overall, Colorado sportsbooks generated $45,276,266 in revenue, according to September data from the Colorado Division of Gaming.

Sport/Bet TypeHandlePayoutsGross RevenueShare
Pro football$157,447,231$144,598,276$12,848,95528.38%
Baseball$78,236,134$73,972,690$4,263,4449.42%
NCAA football$69,512,128$69,512,128$31,7040.07%
Tennis$30,470,400$27,826,429$2,643,9715.84%
Basketball$23,813,926$22,686,429$1,127,4972.49%
Soccer$19,958,877$18,736,443$1,222,4342.70%
Table tennis$12,516,711$11,493,842$1,022,8692.26%
MMA$4,218,410$3,823,116$395,2940.87%
Golf$2,383,848$1,499,580$884,2681.95%
Ice hockey$1,543,768$1,401,578$142,1900.31%
Parlays/combo bets$99,371,893$80,456,122$18,915,77141.78%
Other$13,319,468$11,541,599$1,777,8693.93%
Total$512,792,794$467,516,528$45,276,266$

Black Hawk is Colorado’s gambling capital

Colorado’s three gambling towns—Black Hawk, Central City, and Cripple Creek—won more than $32,488,912 million combined in post-deduction sportsbook revenue in September.

Black Hawk generated the most revenue between its retail and online sportsbooks at $24,692,897, followed by Cripple Creek and Central City.

Casino/CityRetailInternetTotal
Black Hawk$861,900$23,830,997$24,692,897
Central CityN/A$186,651.72$186,651.7
Cripple Creek$4,038.78$7,605,328.23$7,609,367.01
Total$865,939$31,622,977$32,488,916

Year-on-year sports betting numbers keep looking up

July’s revenue figures and August’s sports revenue were good ones for Colorado because, in both months, sports betting handle was up year-on-year.

That trend continued in September:

MonthHandle2023 Growth
Sept. 2023$512,792,794N/A
Sept. 2022$450,232,59713.90%
Sept. 2021$408,314,62525.59%
Sept. 2020$207,655,943146.94%

September 2023 proved to be the best September on record in Colorado, up 13.9% over September 2022 and more than 25% higher than September 2021.

J.R. Duren Avatar
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J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

View all posts by J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

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