Colorado sees record betting tax revenue
Colorado’s regulated sports betting market generated record tax revenue during the 2025-26 fiscal year.
Key Takeaways
- Colorado’s Division of Gaming reported more than $47 million in sports betting tax revenue for fiscal year 2025-26, a record for the state. The state recorded $3.5 billion in wagers through July 2026.
- Senate Bill 26-131 came into effect on August 12, limiting bettors to six deposits per 24 hours. It also bans credit-card funding, and prohibits marketing to people under 21.
US.- The Colorado Division of Gaming has reported a record US$ 47 m in sports betting tax revenue for the 2025-26 fiscal year. The state recorded US$ 3.5 bn in wagers through July 2026.
Meanwhile, the Problem Gambling Coalition of Colorado has warned that support services are struggling to keep pace. Executive director Jamie Glick said: “The treatment space can’t keep up, research can’t keep up, and people are being affected every single day,” Glick said. “And so that’s part of the reason why I call it a public health issue.”
On August 12, a new sports betting law became effective in the state via Senate Bill 26-131. The legislation introduced limits on deposits, limiting bettors to six deposits within 24 hours, and banned the use of credit cards for funding accounts. It also prohibited marketing directed at people under 21 and banned operators from sending promotional push notifications or text messages encouraging customers to place bets or make deposits.
The law also requires sports betting operators to report transactional data and metrics to the Gaming Division within the Department of Revenue annually, starting February 1, 2028. The Gaming Division will publish a public report on the data every three years, starting from January 1, 2029. The legislation gives the Colorado Gaming Control Commission authority to impose a maximum penalty of US$ 25,000 per offence.
