(COLORADO) — The Colorado Division of Gaming released December 2022 sports betting numbers on January 31. The numbers show an increase of more than 100% from fiscal year 2021.
Sports betting taxes collected in the state in December 2022 totaled $2,583,711 which the Colorado Division of Gaming said is a 0.08% increase from November 2022. Compared to December 2021 this is an increase of 235.3%.
The Division of Gaming said fiscal year-to-date taxes for December were $13,399,746, which is said to be a 115.9% increase from fiscal year 2021.
December featured Basketball as the top spot for betting with $147,854,335 in total bets followed by Football with $137,038,414 in bets.
Gambling taxes and sports betting taxes are different and support different programs. 78% of gambling taxes go to financial aid and classroom instruction at Colorado community, junior and district colleges, the other 22% goes to cities and counties with gambling establishments to address the effects of playing
Sports betting taxes go to help recipients of other gambling tax revenues in case of losses due to the legalization of sports betting, gambling addiction counseling services, and funding water projects. under the State Water Plan.
