October Sports Betting Figures Continue Upward Trend
LAKEWOOD, Friday, December 2, 2022- October sports betting figures, released today by the Colorado Division of Gaming, show another month of increasing wagers placed by Coloradans resulting in the second-highest month of total wagers since legalization in May 2020. January 2021 had the largest amount of total wagers, with $573,720,213 in bets placed that month.
The total handle for October 2022 was $526,619,777, a 17% increase from the total handle of the prior month, September, of $450,232,597. A year-to-year comparison shows a 7.2% increase from the total handle in October 2021, $491,453,342.
Taxes collected by the state in October 2022 were 87% higher than taxes collected last year same period, October 2021. In October 2022, taxes from sports betting wagers totaled $2,330,705, representing a 22.03% decrease over the prior month, September 2022, of $2,989,342.
In October, Professional Football placed again in the top spot for the month with $171,637,593 in total wagers, followed by Basketball with $85,668,557 in bets. Wagers on NCAA Football placed third with $550,403,728. The fourth spot went to Baseball with $42,098,515, and Tennis finished in the fifth slot with $24,473,761 in total wagers.
View the October 2022 Sports Betting Monthly Proceeds report on the Division of Gaming's website at sbg.colorado.gov/sports-betting-monthly-proceeds-reports.
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