Colorado Sports Betting Sets Record, More Than $4.4M Taxes Collected in January


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Colorado Sports Betting Sets Record, More Than $4.4M Taxes Collected in January 

Colorado Division of Gaming January Sports Betting Figures Show a 6.54% Increase in Wagers for Fiscal Year To Date

 

Lakewood - February 28, 2025 - The Colorado Department of Revenue, Division of Gaming reported its highest monthly tax revenue since legalization.

 

Coloradans bet on sports at a record-breaking pace, resulting in $4,443,573.61 in sports betting taxes collected in January 2025. This record highlights the sports betting industry’s continued rapid growth in Colorado. The previous high for taxes collected in a month was  $4,128,369.29 in January 2024.

 

"As Colorado kicks off the new year with a record-breaking January for sports betting tax revenue, the Division of Gaming remains committed to promoting responsible gaming practices, ensuring a safe and fair environment for all participants, and upholding the integrity of the industry," says Director of Gaming Christopher Schroder.

 

Full figures are in the table below:

 

Total Handle: January 2025

$657,182,798.16 (1.35% increase from December 2024)

Represents a 10.14% increase from the total handle for January 2024 ($596,685,967.76) 

Total Handle: December 2024

$648,426,633.70

 

Total Taxes: January 2025

$4,443,573.61 (198.51% increase from December 2024)

Represents a 7.64% increase from January 2024 ($4,128,369.29)

Total Taxes: December 2024

$1,488,606.74

 

Fiscal Year To Date Wagers, including January 2025

$3,810,481,864.03

Represents a 6.54% increase from the FYTD Wagers from January 2024 ($3,576,433,380.73)

Fiscal Year To Date Taxes, including January 2025

$21,160,707.28

Represents a 9.35 %  increase from the FYTD Taxes from January 2024 ($19,352,000.65)

 

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

 

Since May 2020, Colorado has collected $98,059,783.48 from sports betting; this tax revenue is primarily allocated to the Colorado Water Plan.

 

If you or someone you know is struggling with problem gambling, there are many resources available to help, please visit sbg.colorado.gov/problem-gambling-resources. 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.