Bloomberg Tax
Dec. 1, 2020, 12:07 AM

Legal Sports Betting Hits New Monthly High in Colorado

Tripp Baltz
Tripp Baltz
Staff Correspondent

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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