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Colorado Sets Record in Sports Gambling Tax Collections

November 2, 2022 | By: Stephanie Wood

The return of professional and college football season meant big yields for the state of Colorado. The Colorado Division of Gaming released the September 2022 monthly sports betting figures, which showed the state broke the record for most sports gambling tax dollars collected in one month. The $2.98 million was a 518.9% increase in taxes […]

Colorado August Handle Up 36.9%

October 11, 2022 | By: Stephanie Wood

Colorado operators saw $290.1 million in total handle for the month of August, a 12% increase from the prior month. Compared to August of 2021, the total handle has increased 36.9%. This pushes Colorado into a small group of states that have had over $8 billion in handle since launching operations in 2020. The group […]

$11.4 Million in Gaming Tax Revenue Distributed to Colorado Water Plan

September 20, 2022 | By: Stephanie Wood

The Colorado Limited Gaming Control Commission (CLGCC) approved distributions from tax revenue of $12.2 million. The distributions went to an array of beneficiaries, with the Water Implementation Cash Fund receiving a majority of the funding – a total of $11.36 million. This marks a 43% increase in distributions to the Colorado Water Plan from the […]

Colorado Gaming Tax Distributions Increase by 39%

September 2, 2022 | By: Stephanie Wood

Colorado Gaming Tax distributions of $148.6 million from the 2021-22 fiscal year were approved at August’s meeting of the Colorado Limited Gaming Control Commission (CLGCC). This marks a 39% increase in the distribution from the previous fiscal year.  The distribution was helped by a 34% increase in taxes, or $41.5 million, from the previous year. […]

Stanley Cup Wagers up 177% Despite Lower Overall Handle in June

August 3, 2022 | By: Stephanie Wood

With the Colorado Avalanche bringing home their first Stanley Cup in over 20 years, June wagers on hockey increased by 177% compared to 2021. The amount wagered reached $29.5 million as the Avalanche played in the Conference Finals and Stanley Cup Finals through June. Operators are reporting that for the entire Stanley Cup Playoffs, wagers […]

Colorado Focused on Improving Responsible Gaming

July 26, 2022 | By: Stephanie Wood

Colorado is taking steps to increase awareness for responsible gaming. Colorado Gov. Jared Polis signed HB22-1402 into law in June. The Responsible Gaming Grant Program updates Colorado’s funding to support responsible gaming. It also provides funding for Colorado waterways. The goal is to increase the amount of funding that will go to problem-gaming services, closes […]