Colorado sports betting handle continues to decline in July

Handle in July amounted to $258.4m (£224.8m/€260.5m), the lowest monthly total of the calendar year so far, and also 17.5% lower than $313.2m in June. However, the July total was 42.5% higher than $181.3m in the same month last year.

Of this total, $256.4m was spent betting on sports online, while the remaining $2.0m was wagered at retail sportsbooks across the state.

In terms of gross gaming revenue, this reached $20.8m, which was 205.9% higher than the $6.8m reported in June this year and also 32.5% higher than $15.7m in July 2021.

Online betting accounted for $14.2m of all revenue during the month, with retail reaching just $35,781.

Baseball was the most popular sports to bet on, drawing $110.6m in total wagers, ahead of tennis in $24.4m and basketball with $23.4m.

The state collected $1.1m in sports betting taxes during the month, while win percentage for licensed operators in Colorado stood at 8.05%.