Colorado Sports Betting May to December 2020 Handle Hits Nearly $1.2B

Colorado Sports Betting May to December 2020 Handle Hits Nearly $1.2B

Since launching on May 1, Colorado’s sports betting market saw nearly $1.2 billion in wagers in 2020 and capped off the year with record total handle and mobile handle in December.

The December sports betting handle of $284.6 million was a 23% increase over November’s $231.2 million, according to figures release by the Colorado Division of Gaming on Monday. Total taxes collected in December was $531,489, a decline from November’s $793,820.

Colorado’s strong start to sports betting can be attributed to a competitive online market with about 20 sportsbook operators, favorable regulations and a rabid fan base for its professional and college sports teams.

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