Colorado’s sports betting scene reached new heights in November 2024, as revealed by the sports wagering handle of $647,951,807, November marked the state’s second-highest month ever for total betting volume.
The only month to sur this milestone was December 2023, which recorded $716,430,270. Could this December set a new record? Let’s examine the factors that contributed to November’s performance.
Key Figures from November 2024 1y2b4j
November wasn’t just remarkable for its handle; other critical metrics underscore Colorado’s flourishing betting market:
- 99.38% of the total handle came from online sportsbooks.
- Gross Sportsbook Revenue hit an all-time high of $55,666,475.
- State tax contributions amounted to $3,958,611.
- The win percentage for sportsbooks was a strong 8.59%.
These figures highlight the ongoing dominance of online platforms and the state’s ability to generate significant tax revenue from sports wagering activities.
Colorado’s Favorite Bets in November 6x3a4x
Coloradans’ betting preferences in November 2024 reveal fascinating trends. Nearly three-quarters (73.2%) of wagers came from three main categories: parlays/combinations (25.4%), NFL games (24.9%), and basketball (22.9%). Other popular sports included NCAA football, NCAA basketball, and even niche categories like table tennis.
| Sport/Category | Percentage of Handle |
| Parlays/Combinations | 25.4% |
| NFL | 24.9% |
| Basketball | 22.9% |
| NCAA Football | 6.7% |
| NCAA Basketball | 4.6% |
| Tennis | 3.6% |
| Soccer | 3.2% |
| Table Tennis | 2.7% |
| Ice Hockey | 2.5% |
These insights provide a snapshot of how sports fans allocate their bets across various leagues and events.
Seasonal Trends and Year-on-Year Growth 331x3r
A look at total monthly revenues for September, October, and November across the last three years underscores the increasing popularity of sports betting in Colorado. NFL season, in particular, plays a significant role in driving these numbers:
The sustained growth from year to year reflects the growing acceptance and enthusiasm for sports wagering, bolstered by major sporting events and effective market regulation. With the NFL season acting as a catalyst, Colorado’s sports betting market continues to set new benchmarks.
