Colorado Sports Betting Breaks Record With $700 Million Bet In December

Written By J.R. Duren on February 2, 2024
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Much like the baseballs that soar out of Coors Field with relative ease, Colorado sports bettors smashed the state’s handle (total amount bet) into the data stratosphere in December, passing $700 million for the first time and breaking the record they set in November.

December handle beats November by more than $100 million

The latest data from the Colorado Division of Gaming revealed that the state’s sportsbooks captured $716.4 million in handle in December, up nearly $104 over November’s previous record of $608.5 million.

Parlays captured the biggest share of bets with $204.2 million, followed by pro football ($193.1 million) and pro basketball ($171.4 million).

Sport/Bet TypeHandleRevenue Share
Parlays/combo bets$204,179,67528.5%
Pro football$193,057,54426.9%
Basketball$171,360,26923.9%
NCAA football$45,848,5586.4%
NCAA basketball$29,775,9294.2%
Other$18,667,8692.6%
Ice hockey$15,249,2802.1%
Soccer$13,947,8581.9%
Tennis$11,969,4951.7%
Table tennis$8,765,6461.2%
MMA$2,872,3050.4%
Boxing$735,8410.1%
Total$716,430,270N/A

The main drivers of December’s record-breaking handle were parlays, which shot up by nearly $70 million, and pro football bets, which rose nearly $42 million from $151.2 million to $193.1 million.

Overall, Colorado sports betting handle rose 17.7% over November and more than 38% compared to December 2022. Total fiscal year wagers were up in December, too, rising 14.8% over the same period the year before.

Revenue from Colorado’s three cities with retail and mobile sports betting more than doubled, too, soaring from $14 million in November to $25.1 million in December:

Casino/CityDecember 2023 Sports Betting RevenueNovember 2023 Sports Betting Revenue% Change
Black Hawk$18,178,259$11,625,72856.36%
Central City-$308,576$11,892-2694.82%
Cripple Creek$7,198,350$2,323,585209.79%
Total$25,015,649$13,961,20479.18%
Photo by David Zalubowski / AP Photo
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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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