Home > Finance > Colorado sports wagers reach $2.34bn in first year of regulation

Colorado sports wagers reach $2.34bn in first year of regulation

| By Robert Fletcher
Consumers in Colorado wagered a total of $2.34bn (£1.65bn/€1.92bn) on sports during the first year of legal wagering in the state, while gross gaming revenue in the 12-month period amounted to $148.1m.
Colorado February

Colorado launched its legal sports betting market on May 1, 2020, with players in the state able to wager both online and in-person at retail sportsbooks.

The market endured a tough start with players limited to online betting online in the first few months of regulation due to novel coronavirus (covid-19) restrictions. A lack of sports events as a result of Covid-enforced cancellations and postponements also stunted early progress.

However, as major sports returned in August, the market saw consistent month-on-month growth through to January 2021, which was incidentally the month in which wagering was at its highest as players spent $326.9m on sports betting.

Wagering dipped in February to $266.5m, but recovered in March to $301.0m, while early figures published by the Colorado Division of Gaming show a handle of $245.3m for April.

Read the full story on iGB North America.

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