Colorado betting revenue jumps to $15.7m in July despite handle drop
| By Robert Fletcher
Sports betting revenue in Colorado rocketed 201.9% year-on-year to $15.7m (£11.4m/€13.2m) in July, despite player spending in the state slipping to its lowest monthly total since August 2020.
Revenue was significantly higher than the $5.2m posted in July last year, but down 20.3% from $19.7m in June of this year.
Online accounted for $15.4m of sports betting revenue for the month while the remaining revenue – $243,245 – came from retail sportsbooks across the state.
Turning to handle and players wagered a total of $181.3m on sports in July, up 206.3% from $59.2m in July 2020 but down 21.1% from $229.8m in June this year and the lowest monthly amount in 12 months.
Consumers spent a total of $179.1m betting online during the month, as well as $2.2m at retail betting facilities.