Colorado sports betting handle hits record $491.5m in October
Colorado’s sports betting market is the latest to smash records for October. Online and retail sportsbooks generated $491.5m in wagers and $28.6m in revenue.
US.- More sports betting figures confirm October as a record month for sport betting across the US. Colorado is the latest state to reveal its numbers for the month, reporting $491.5m in wagers and $28.6m in revenue.
According to the Colorado Department of Revenue’s Gaming Division, the October figure represented a 20.4 per cent rise from September’s $408.3m, the previous state record. It was also up 133.2 per cent compared to October 2020 ($210.7m).
Football remained by far the most popular sport among bettors, with a handle of $171.2m. Basketball attracted $63.3m in wagers and college football $51.2m. Baseball followed with $37.4m, tennis $14.1m, hockey $13.2m and table tennis $10.3m.
Gross gaming revenue for the month was 581 per cent higher than October 2020’s $4.2m and 27.7 per cent higher than the $22.4m registered in September this year. Revenue surpassed the previous record of $23.1m set in January 2021 by 23.8 per cent. The state received $1.2m in tax.
Ian St Clair, lead analyst for PlayColorado, said: “Importantly, the base of sports bettors in Colorado continues to expand, and those bettors are wagering more than this time last year, as they become more comfortable with in-game betting at online sportsbooks. Altogether it points to a bright future for the industry.”
See also: Colorado sports betting handle hits record $408m in September
Records smashed all over the US
Players in New Jersey wagered a national record of £1.3bn in October. Records were also set in Pennsylvania ($776.3m), Indiana ($461.1m), Michigan ($463.3m) and Iowa ($280.9m). Other records were set in New Hampshire ($98.2m), Mississippi ($83.5m), Oregon ($37.6m), and Washington DC ($26.3m).
