Colorado Sports Betting Continues Strong Performance in August, Funds Water Conservation Efforts


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Colorado Sports Betting Continues Strong Performance in August, Funds Water Conservation Efforts

 

Lakewood – October 7, 2025 – New Colorado Division of Gaming figures for August 2025 show sports betting revenue grew almost 56% compared to August 2024.

 

Sports betting generated $3,705,170.25 in tax revenue for August 2025, up from $2,375,442.81 in August 2024. Additionally, monthly data shows both year-over-year (+12.04%) and month-over-month (+18.43%) growth with a total handle of $417,226,849.93.

 

"The continued growth in sports betting tax revenue is great for Colorado," said Christopher Schroder, Director of Gaming. "Coloradans can confidently place bets, knowing that their wager is a win for all Coloradans because the tax revenue generated goes towards our conservation efforts water throughout Colorado."

 

Through the Colorado Water Conservation Board, annual sports betting tax revenue funds a variety of water conservation efforts including the Frozen Assets project. The project explores an innovative winter sheet ice strategy in the Rio Grande Basin to recharge groundwater, support farming, and enhance wildlife habitat. Irrigators spread water across fields in winter, mimicking natural freeze-thaw cycles that sustain aquifers to boost early-season soil moisture and create habitat for migratory birds. The grant supports efforts to better quantify and understand the impacts and benefits of this practice.
 

Full figures are in the table below:

 

Total Handle: August 2025

$417,226,849.93 (18.43% increase from July 2025)

Represents a 12.04%  increase from the total handle for August 2024 ($372,378,663.79) 

Total Handle: July 2025

$352,309,840.98

 

Total Taxes: August 2025

$3,705,170.25 (36.44% increase from July 2025)

Represents a 55.98% increase from August 2024 ($2,375,442.81) 

Total Taxes: July 2025

$2,715,532.34

 

Fiscal Year To Date Wagers, including August 2025

$769,536,690.91

Represents a 11.08% increase from the FYTD Wagers from August 2024 ($692,775,504.67)

Fiscal Year To Date Taxes, including August 2025

$6,420,702.59

Represents a 35.31%  increase from the FYTD Taxes from August 2024 ($4,745,172.89)

 

View the August 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.