It was the first time the state’s handle fell below $300m since August 2022.
US.- Colorado’s sports betting handle totalled $281.1m in July. That’s an increase of 8.9 per cent year-on-year but a 9.5 drop from the $310.7m generated in June. It was the first time the state’s handle fell below $300m since August 2022 and the fourth consecutive month with a month-on-month handle decline.
The Colorado Department of Revenue reported that gross gaming revenue was $25m, 20.2 per cent ahead of in July 2022 and 171.7 per cent more than June this year. Online operators reported GGR of $24.8m and players won $256.1m.
Baseball was again the most popular sport to bet on, with players wagering $104.9m. Basketball was second with $34.5m, and then tennis at $33.9m. Players spent $44.8m on parlay bets.
Colorado claimed $1.8m in sports betting tax, lifting the 2023 total to $14m. That is $6.6m ahead of last year’s pace through the first seven months