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Daily Tax Report: State

Legal Sports Betting Hits New Monthly High in Colorado

Dec. 1, 2020, 12:07 AM

Sports betting brought in record high tax revenue for Colorado in October, driven by betting on professional football and playoff baseball.

Colorado bettors wagered more than $210 million on sports in casinos and online in October, generating $824,700 in taxes for the state, the Department of Revenue’s Division of Gaming announced Monday. That is the largest amount collected in a single month since legal sports betting launched May 1 in the state.

  • October tax revenues were 91.5% higher than September’s results.
  • More than $67.9 million was bet on the National Football League, according to state data...

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