Ken Pomponio, analyst for PlayColorado.com - March 31, 2022 - KRDO’s Afternoon News

With only a single football game in February — even if it was the Super Bowl, which generated $41.0 million in wagers, a 31% increase from 2021 — Colorado sportsbooks took an expected step back from a record-shattering January. But wagering and revenue took a giant leap forward year-over year.

 

In all, sportsbooks generated $19.6 million in gross revenue on $440.5 million in wagering in February — leading to a $1.1 million loss in net sports betting proceeds. Wagering was up 65.3% from $266.5 million in February 2021, while gross revenue rose 88.5% from $10.4 million. Compared with January, though, February’s handle was down 23.2% from the record $577.7 million in January, while revenue slipped 46.4% from $36.6 million

 

Professional basketball was the largest bets generator in February with $155.6 million, followed by college basketball ($68.2 million) and pro football ($31.4 million).