Published: December 6, 2022

Colorado sports betting handle sees second-highest month on record with $526.6M in October

The Colorado Division of Gaming reported Friday the monthly sports betting figures corresponding to October 2022. The state recorded its second-highest month of total wagers with a handle of $526.6 million, a 17% increase from the prior month when the state saw a total of $450,2 million in bets.

Additionally, a year-over-year comparison shows a 7.2% increase in handle. Bets placed online amounted to $521.7 million, while retail operators took $4.8 million in wagers. January 2021 remains the month with the largest amount of total wagers, with $573,720,213 in bets.

The month was a great one for bettors as the 6.93% hold rate for operators was well below September's mark of 11.4% — a result of the mobile betting hold dropping from 11.4% to 6.9% and retail hold plummeting from 14.3% to 5.5%. In terms of gross gaming revenue, it reached $36.5 million during the month, a 28.9% decrease over the previous month.

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