The Colorado Department of Gaming has released the state’s sports wagering activity for June 2026 and the fiscal year period, as tax revenue during FY2025 reached an all-time high of $47.2m and increased 28.1%.
"Achieving over $47m in tax revenue this fiscal year is a historic milestone for Colorado’s sports betting industry. This record-breaking performance is not just an indicator of a thriving and engaged market, but a vital engine for our state’s future," Colorado Director of Gaming Christopher Schroder said.
"By channeling these funds directly into critical water conservation projects, our residents are ensuring that every wager contributes to a more resilient Colorado, helping us protect our natural resources even in the face of significant environmental challenges."
Total handle during FY2025 reached just over $6.4bn, including $1.35bn in basketball wagers, $853.7m from bets on the NFL, $548.1m for baseball, $346.4m from table tennis and $344.1m from soccer.
The FY2025 tax revenue amount also represents the first time in history that the Colorado Division of Gaming has collected over $40m from sports betting operators.
For June, however, Colorado operators generated $31.2m of sports betting gross gaming revenue (GGR), equating to a decrease of 21.7% even while the state’s monthly handle rose 14.4% to $426.1m.
Online sports betting activity accounted for just over $424m of handle and nearly $31m of the state’s total GGR, representing an increase of 14.4% but a fall of 21.8% for the latter.
In June, Colorado Governor Jared Polis signed legislation introducing a series of new restrictions on the state’s sports betting market, marking the most significant update to Colorado’s gambling framework since legal wagering was approved by voters in 2019.
Under the new law, customers will be limited to six deposits within a 24-hour period, while operators will be prohibited from accepting credit cards as a funding method for betting accounts.
The legislation also introduces tighter controls on advertising and player communications, as operators will be barred from targeting individuals under the age of 21 and will no longer be permitted to send push notifications or text messages encouraging customers to place bets.
Dabble extended its social-first DFS operations to Colorado in February, as the entity’s continued growth across the US represents another ‘strategic milestone’ in national expansion efforts
