Colorado sports betting handle tops $200m in September

The figure represents a 61 per cent increase from August.
The figure represents a 61 per cent increase from August.

September’s $207.6m handle broke the state’s previous record set in August.

US.- The state of Colorado’s sports betting handle amounted to $207.6m in September, according to reports by the Colorado Division of Gaming.

The figure represents a 61 per cent increase on August’s $128.6m handle, breaking that record.

The leading sport was baseball, bringing in over $47m in bets. Next to follow was football accounting for $38.6m, then ice hockey with $11.4m.

The vast majority of bets – 98 per cent – were placed on online platforms as bettors continue to avoid casinos and retail sportsbooks despite their reopening.

September’s gaming revenues generated a tax receipt of $69,771 for the state of Colorado.

Lead analyst for PlayColorado.com, Dustin Gouker, said: “Colorado is nowhere near maturity as a market, and yet its gains continue to put it among the top markets in the US.

“Interest in the Denver Broncos was bound to help spur interest in the NFL’s first few weeks. But September still managed to outpace what we could have reasonably expected just two months ago.”