For Immediate Release
Contact: Suzanne Karrer
February’s Sports Betting Numbers Released by Colorado Division of Gaming
LAKEWOOD, Thursday, March 31, 2022- The Colorado Division of Gaming released the February 2022 monthly sports betting figures today.
The total handle for February 2022 was $440,508,421, a 23.2% decrease from the total handle of the prior month, January 2022, of $573,720,213. A year-to-year comparison shows a 65.26% increase from the total handle of February 2021, $266,549,207. The total wagers for the current fiscal year, July 2021-January 2022, total $3,244,132,582, an 89.1% increase in the total wagers made in the same period 2020-2021.
Total wagers on this year’s Super Bowl came in at $41,026,795, representing a 31% increase over the $31.2 million bets placed on the 2021 Super Bowl event.
Taxes collected by the state in February 2022 from sports betting wagers totaled $314,731, representing a 78.26% decrease over the prior month, January 2022. Fiscal year taxes to date for February 2022 are $7,972,174.78, which is a 92.3% increase from the FYTD Taxes for the same period in 2020-21 of $4,145,665.
In February, Basketball reigned supreme, with Professional Basketball placing in the top spot for the month with $155.6 million in total wagers, followed by NCAA Basketball with $68.2 million in wagers. Pro American Football came in third with $31.4 million. The fourth spot went to Ice Hockey with $24.1 million, and Soccer rounded out the top five sports with almost $18.9 million.
View the February 2022 Sports Betting Monthly Proceeds report on the Division of Gaming's website at sbg.colorado.gov/sports-betting-monthly-proceeds-reports.
On November 6, 2019, Colorado voters passed Proposition DD, establishing Colorado as one of many states across the country to allow people to place legal bets on sporting events since the Supreme Court ruling struck down a law that banned sports betting in most U.S. states. With the passage of Proposition DD and the Colorado General Assembly's legislative bill in May 2019, the Colorado Limited Gaming Control Commission and the Colorado Division of Gaming became the statutory authority over the legalized sports betting regulation in Colorado. Legalized, regulated sports betting began in Colorado on May 1, 2020.
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.