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

Written By J.R. Duren on February 2, 2024
Denver Broncos Lucas Krull Touchdown

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%
NCAA football$45,848,5586.4%
NCAA basketball$29,775,9294.2%
Ice hockey$15,249,2802.1%
Table tennis$8,765,6461.2%

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%
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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