Colorado sports betting handle comes in at $281.1m in July

Gross revenue was up 171 per cent compared to the previous month.
Gross revenue was up 171 per cent compared to the previous month.

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

See also: Sporttrade betting app goes live in Colorado

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