Colorado sports wagers surpass $5.0bn since legalisation

| By Robert Fletcher
Players in Colorado spent more than $5.0bn (£3.7bn/€4.4bn) betting on sports during the first 21 months of legal wagering in the state, while new figures reveal year-on-year growth in revenue and handle for the month of December.

Colorado opened its legal sports betting market in May 2020, enabling consumers to wager both online and at retail sportsbooks located across the state.

In that time, players wagered $5.03bn on sports, with revenue from this reaching $325.9m, according to the Colorado Department of Revenue.

The milestone handle figure was reached in December, during which players spent $461.4m betting on sports, an increase of 62.6% from $284.6m in the same month of the previous year, but 2.9% down from $469.0m in November 2021.

Read the full story on iGB North America

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