Colorado February Sports Betting Data Shows Over $24.5 Million Fiscal Year-To-Date Taxes Collected


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Lakewood - March 31, 2025 - New sports betting data from the Colorado Department of Revenue, Division of Gaming shows big increases in taxes collected and fiscal year-to-date wagers.

February 2025 sports betting numbers show Colorado continues to grow, with $4,307,110,645 wagered from the beginning of the fiscal year on July 1, 2024 to date, a 4.71% increase over February 2024. Additionally, Colorado collected over $24.5 million in taxes, a 19.07% increase in fiscal year-to-date taxes.

"After a record-setting January for sports betting, February continues to show growth with over $24.5 million collected in Fiscal Year To Date Taxes," Director of Gaming Christopher Schroder said. “A strong, safe, and fair sports betting industry is good for Colorado and its bettors. The funds they raise each month are helping Colorado fund water conservation efforts.”

All sports betting tax revenue annually is used for water conservation and protection projects, which provides a framework for helping Colorado meet its water challenges.

Full figures are in the table below:
 

Total Handle: February 2025

$496,628,781.25 (24.43% decrease from January 2025)

Represents a 7.52% decrease from the total handle for February 2024 ($536,988,261.40) 

Total Handle: January 2025

$657,182,798.16

 

Total Taxes: February 2025

$3,431,765.66 (22.77% decrease from January 2025)

Represents a 163.54% increase from February 2024 ($1,302,173.78)

Total Taxes: January 2025

$4,443,576.61

 

Fiscal Year To Date Wagers, including February 2025

$4,307,110,645.28

Represents a 4.71% increase from the FYTD Wagers from February 2024 ($4,113,421,642.13)

Fiscal Year To Date Taxes, including January 2025

$24,592,472.94

Represents a 19.07%  increase from the FYTD Taxes from January 2024 ($20,654,174.43)

 

View the February 2025 Sports Betting Monthly Proceeds report on the Division of Gaming's website at SBG.Colorado.gov/sports-betting-monthly-proceeds-reports.

If you or someone you know is struggling with problem gambling, there are many resources available to help, please visit BetSmart.Colorado.gov. Gambling problem? Call or text 1-800-GAMBLER.

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The Colorado Department of Revenue’s Division of Gaming ensures honesty and integrity in the Colorado gaming industry. The Colorado Department of Revenue works to be a trusted partner to every Coloradan to help them navigate the complexities of government so they can thrive.