Colorado sports betting revenue rises to $19.7m in June despite handle drop

| By Robert Fletcher
Colorado reported a month-on-month rise in sports betting revenue in July despite the US state experiencing a decline in revenue during the month.

Gross gaming revenue from sports wagering in June amounted to $17.6m (£12.7m/€14.9m), up 15.8% from $15.2m recorded in May this year and 700.0% higher than $2.2m in June last year.

Online betting accounted for $19.5m of sports wagering revenue in June, compared to just $195,946 from retail sportsbooks in the state.

In terms of spending, players bet $229.8m on sports in June, down 10.1% from $249.0m in May and the lowest monthly amount of the calendar year to date.

A total of $227.1m was wagered with online operators, while the remaining $2.7m was bet at retail sportsbook facilities.

Basketball remained the most popular sports to wager on in Colorado, attracted $74.9m in total bets during the month.

Read the full story on iGB North America.

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