Colorado’s total sports betting handle fell for the third month in a row, and for the first year.
Colorado’s total bet handle was $310.7m in 2023. This is a 19% drop from the $385.2m that the Centennial State achieved in May.
The state’s reported $313.2m for the same period in 2013. This represents a drop of 0.8%.
Online wagering accounted for $308.2 million of the total bets. Retail and land-based betting accounted for just $2.44 million.
Baseball was the sport where players bet most, with $104.6m. Basketball and tennis were the second and third most popular sporting events, with wagers totaling $57.9m each.
Tennis was the third most popular state sport in June 2022.
Mixed Revenue Results
Gambling businesses reported $9.2m gross gambling revenue in June, down 70.7% from $31.4m the previous month.
The revenue is still up from the $6,8m of the previous year.
Online revenue dominated total revenue again in September, with $9.9m. Retail and land-based revenues were negative at -$674,000 for the month.
In June, sports betting generated $301.4m in revenue for players. This includes $298.3m online and $3.1m retail. The state collected $442,000 for taxes in June.