Though COVID-19 economic impacts have slowed its progress, Colorado’s sports betting market is still looking up, according to a report from Gambling.com.

October saw sports betting increases in total money wagered, generated revenue and taxes produced compared to September, the report said.

“An increase in handle despite a lower volume of sports happening this month shows there is still plenty of growing demand for sports betting,” said Max Bichsel with Gambling.com.

Colorado’s total money wagered in sports betting increased to $210,719,821, up 1.5% from September, and mobile sports betting increased by 1.3%, reaching $206,441,153.

That generated a revenue of $17,402,400, a whopping 317.7% increase from September.

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When combined with casinos, sports betting brought in $9,001,564 in taxes in October for Colorado’s economy, a 14% monthly increase.

“A win for the sportsbooks means a win for the state,” Bichsel said.

After making a substantial turn around from a difficult September, Bichsel is confident Colorado’s sports betting revenue will remain stable in the coming months.

“As long as schedules remain relatively consistent, there shouldn’t be a huge impact,” he said. “We will likely see continued growth in November as the Rocky Mountain State continues to climb toward that $250 million mark in handle.”