Colorado sees sports betting revenue and handle rise in July

Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department of Revenue.

Sports wagering revenue in July amounted to $2.4m (£1.8m/€2.0m), up from $2.2m recorded in the previous month, as the market continued to grow since its first full month of operations in May this year.

Online was by far the main source of income for licensed operators in the state, with revenue for the channel contributing  $2.3m, compared to just $164,238 from retail sportsbooks.

In terms of player spending, the state’s handle amounted to $59.2m for July, up from $38.1m in June, with consumers winning a total of $53.6m in the process.

Players wagered $58.6m via online sports betting platforms during the month, which was significantly more than the $582,815 spent at retail facilities.

Read the full story on iGB North America.