Colorado: Sports gambling takes off, raising profits, taxes and concerns alike at casinos

Colorado: Sports gambling takes off, raising profits, taxes and concerns alike at casinos

Article brief provided by CPR
  • Ben Markus, CPR
December 23, 2021 7:49 PM
  • Ben Markus, CPR

In the sports gambling industry, there’s one sport that stands above the rest: football. Sportsbook managers measure their careers in NFL seasons.

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In Colorado, $297 million was wagered between Sept. and Oct., just on NFL games, according to numbers from the Department of Revenue.

October was the most active month yet in Colorado’s fledgling sports betting market, with $491 million wagered on everything from football to basketball to baseball. Even table tennis remains strong. Betters won back $463 million in October, leaving the house with about $29 million in gross revenue.