Colorado reports sports betting handle of $313.2m for June
June’s handle was 13 per cent lower than May’s figure of $360.3m.
US.- Colorado’s sports betting handle hit $313.2m in June, according to information from the state Division of Gaming. The amount spent was down 13 per cent compared to May, when Coloradans wagered $360.3m.
Bets placed via online operators amounted to a handle of $310.3m, while retail operators took $2.8m in wagers. Baseball brought in the most wagers with $106.4m, followed by basketball ($44m) and ice hockey ($29m).
Gross gaming revenue from sports betting in Colorado was approximately $9.8m for June, and sportsbooks reported a win percentage of just 2.2 per cent. This was the second lowest win percentage recorded with only September 2020’s rate of 2 per cent lower.
As a result, adjusted revenue loss for the month was $1.9m, with August 2020 the only month in the state’s history with bigger net losses ($3.4m).
Colorado collected $286,280 in taxes for June. This brings the year-to-date tax total to more than $6.2m. For year-over-year numbers, handle is 59.8 per cent higher compared to the first six months of 2021, while gross revenue is up 30.6 per cent.
Total wagers for the state since Colorado sports betting launched in May 2020 is now just over $7.6bn.
See also: Colorado regulators criticised in audit
