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Colorado sports betting down 22 percent for February

© iStock - CarmenMurillo
Derek Draplin

(The Center Square) – The total handle from February sports bets in Colorado was down over 22 percent from the prior month, according to state data released on Monday.

Over $425 million was wagered in February, down from $547 million in January, according to the Colorado Division of Gaming. 

The state collected over $1.2 million in taxes on the wagers.

“Taxes collected by the state in February 2023 were a 299.48 percent increase over taxes collected last year during the same period, February 2022, of $314,741.35,” the division said.

The most popular sports by wagers in February were pro basketball ($155 million), college basketball ($68 million), pro football ($27.5 million), and tennis ($25 million).

Sports betting in Colorado became legal in May 2020 after voters passed Proposition DD.