Colorado betting handle falls again in May
| By Robert Fletcher
Player spending on sports betting in Colorado declined for the second consecutive month in May, although the state was able to report year-on-year growth.
Wagering handle for the month amounted to $385.2m. This was 6.9% more than $360.3m in May 2022 but 7.8% lower than the $417.8m bet in April this year.
Of this total, $382.1m was spent betting online, while in contrast, just $3.2m was wagered at retail sportsbooks.
Basketball accounted for 32.2% of all wagers placed during the month. Baseball’s share was 23.8%, while parlay and combination bets made up 16.9% of May’s handle.