Colorado Sports Betting Handle Drops 18.8% to $244.4m for Month of April
The Colorado Department of Revenue has released its latest monthly revenue report revealing that licensed operators within the state reported a combined sports betting handle of $244,446,760.46 for the month of April.
The latest figures mark an 18.8% drop on the state’s handle of $300,990,842.17 for the month of March from legal sportsbetting in Colorado.
Basketball was once again the most popular sport among Colorado gamblers taking in $84,282,447.19 in wagers for a 34.5% share of the combined handle. Baseball followed with $48,269,730.25 in wagers throughout the month.
Online sportsbooks dominated the market with mobile wagers totaling $241,919,886.32 accounting for 99% of all wagers. Retail sportsbooks reported a handle of just $2,526,874.14.
Operators paid out $226,882,821.32 to players for a win percentage of 7.19%. This resulted in total gross gaming revenue (GGR) of $17,563,939.14 which yielded the state $1,082,610.56 in taxes.
Image credit: Kamal Hamid / CC BY-ND 2.0
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.