Colorado sets new sports betting revenue highs in November, powered by NFL and parlay bets

Colorado sets new sports betting revenue highs in November, powered by NFL and parlay bets

Article brief provided by COBets
  • Chris Altruda, COBets
January 4, 2022 7:34 PM
  • Chris Altruda, COBets

Another state, another all-time monthly revenue record for sports betting.

Story continues below

Colorado joined the ever-expanding list of states that recorded their best month in terms of operator revenue when, on Monday, the Department of Revenue’s Division of Gaming reported gross revenue of nearly $36.8 million and adjusted post-promotional revenue of close to $19.2 million for November.

It was the second consecutive month an all-time high was established for gross revenue, with November’s figure a 28.5% increase from the $28.6 million collected in October. The adjusted revenue nearly doubled the previous mark of $11.7 million set in January and more than doubled the nearly $9 million claimed by operators in November 2020.