Colorado sportsbook handle hits $25.5m in first month

Colorado’s Department of Revenue has revealed that total handle for the state’s first month of legal wagering reached $25.5m.

The unaudited figure for May has been revealed ahead of a more comprehensive breakdown of revenue for the month, expected to be released in mid-June.

All stakes were placed via mobile, with the state’s brick-and-mortar casinos closed since March 17 as a result of novel coronavirus (Covid-19). Four operators launched on May 1, the first day from which bets could be taken, with six licensees currently active.

The four that launched on May 1 – DraftKings, FanDuel, Roar Digital’s betMGM and Rush Street’s BetRivers – have since been joined by Monarch Casino Resort’s BetMonarch app, from 14 May. The Stars Group, via the Fox Bet brand, followed five days later.

Read the full story on iGB North America.