Colorado Collects $6.6 Million in Taxes from Sports Betting in the First Year

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News Release

For Immediate Release

Contact: Suzanne Karrer 
Communications Supervisor 

303-621-4063 (c)

suzanne.karrer@state.co.us


LAKEWOOD, Tuesday, May 25, 2021– The Colorado Division of Gaming released the April 2021 sports betting figures today, providing a full year of audited figures for the newly legalized industry. Taxes collected by the state in April 2021 from sports betting wagers totaled $1,082,610. With April’s audited numbers released, the division reports that the total taxes collected for the first year of sports betting were $6,634,331 between May 1, 2020, and April 30, 2021.

Total wagers in April had a slight decrease in total bets made last month. The total handle for April 2021 was slightly down from the month prior, coming in at $244,446,760, an 18.8% decrease.

Mobile betting continues to account for almost all of the total betting handle, with 99% of wagers made online and 1% of wagers placed in retail locations.

Basketball took the top sports spot for April with $84.2 million in wagers placed with retail and online operators. Baseball followed in second with $48.2 million, and in third was Ice Hockey with $10.6 million. Table tennis remains popular in Colorado, taking the fourth spot at $8.9 million in total bets, and Soccer rounded out the top five sports with $8.7 million. 

View the April 2021 Sports Betting Monthly Proceeds report on the Division of Gaming's website at sbg.colorado.gov/sports-betting-monthly-proceeds-reports. View the Sports Betting Digital Press Kit at https://sbg.colorado.gov/sports-betting-digital-press-kit.

 

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