Colorado reports $181.3m sports betting handle for July

Players spent $179.1m on online betting.
Players spent $179.1m on online betting.

The value of bets fell 21.1 per cent from June. Revenue was $15.7m

US.- The Colorado Division of Gaming has reported a handle of $181.3m fo July, a decrease of 21.1 per cent from June. Revenue came in at $15.7m, much higher than the $5.2m posted in July last year but down 20.3 per cent from $19.7m in June of this year.

Players spent $179.1m on online betting and $2.2m at retail betting facilities. Baseball dominated the wagers with $61.1m in bets in July, a third of all bets. That was followed by basketball with $27.2m and soccer with nearly $14m.

Ian St. Clair, lead analyst for PlayColorado said: “Operators are trying to jockey for position ahead of the football season.

“The fact that so many sportsbooks continue to launch in Colorado shows just how attractive the state has become for operators. In the end, increasing competition should help reach new customers and eventually lift the entire market.”

See also: Colorado sports betting stakes reach $249m in May

In this article:
Colorado sports betting