Analysing some of the latest monthly sports betting reports in the US, iGB takes a look at how Colorado, New Hampshire and Rhode Island performed in September.
Colorado scores year-on-year growth in September
Starting in Colorado, the Colorado Department of Revenue this week reported total handle across online and retail in September hit $562.9 million (£433.0 million/€518.5 million). This beats last year by 9.8% and also surpasses August’s total by 51.2%, according to the Colorado Department of Revenue.
Of all wagers placed during September, $558.1 million was online and $4.8 million at retail sportsbooks.
Betting volume was helped by the start of the NFL season. Some $173.1 million was bet on American professional football in September, far more than any other sport. Baseball betting topped $69.0 million and college football $42.3 million.
Gross gaming revenue for September was $55.1 million, up 21.6% from last year and 66.0% more than August. Online contributed $54.6 million to the total, whereas retail revenue was just $464,499.
In terms of hold, this stood at 9.79% for the month. The Colorado department of revenue does not publish details on individual operator performance but did reveal tax from all sports betting operators hit $4.0 million.
Similar story in New Hampshire
Turning now to New Hampshire, monthly handle in September hit $72.8 million. This is 9.0% more than last year and 47.4% ahead of August. It is also the highest monthly total since January this year.
Data from the New Hampshire Lottery shows players spent $64.3 million betting on sports online in September. On top of this, $8.4 million was bet at retail sportsbooks.
As for gross gaming revenue, this amounted to $9.3 million, up 50.0% year-on-year and also 173.5% ahead of August’s total. Online revenue hit $9.2 million and retail just $72,024.
This left New Hampshire with a state-wide hold of 12.77% for the month of September. In addition, tax from sports betting totalled $4.0 million.
Rhode Island handle tops $43.6 million
Finishing in Rhode Island, total spend on sports betting in September was $43.6 million. This beats last year by 16.0% and surpasses August’s total by 51.9%, according to the Rhode Island Lottery.
Online handle for the month was $34.6 million and retail $9.0 million. Retail is split between Twin River, which took $7.0 million in bets, and Tiverton Casino, where wagers reached $2.0 million.
State-wide revenue in September was $5.3 million, ahead of last year by 51.4% and 179.0% more than August.
Online revenue amounted to $4.3 million and retail $1.0 million. Twin River generated some $617,806 in retail revenue and Tiverton Casino $395,651.
Player winnings in September hit $38.3m, meaning hold for the state was 12.16%. Details on tax income were not published. The state uses a revenue-sharing model in which it gets 51% of operator gross gaming revenue. The remainder goes to technology supplier IGT (32%) and risk manager Caesars (17%).
