Colorado’s sports betting revenue rises to $2.2m in June

The Colorado Department of Revenue has reported a month-on-month rise in sports wagering revenue in June, while player spending on betting also increased by 48.8%.

Revenue for both retail and online sports wagering – reported together due to “confidentiality reasons” – amounted to $2.2m, up by 129.2% from $946,741 in May, the first full month of legal sports betting in Colorado.

Colorado benefitted from the launch of some retail sports betting in June, with the previous month having only seen revenue generated via online platforms as bricks and mortar venues were shuttered due  to the novel coronavirus (Covid-19) pandemic.

Players wagered a total of $38.1m last month, up from $25.6m during the first month of legal betting in Colorado, winning $34.7m in the process.

Read the full story on iGB North America.