The latest monthly revenue report from the Colorado Department of Revenue has revealed that the state’s licensed sports betting operators accepted over $408.3 million in wagers throughout the month of September.
The latest figure marks a 92.7% increase on August’s handle of $211.9 million and the highest amount wagered in any single month of 2021.
The start of the NFL season saw Colorado gamblers place over $125.7 million in wagers on pro football pushing baseball down into second place for the first time in three months. Interestingly, baseball wagers dropped very slightly from the previous month with locals betting $68.7 million on the sport throughout the month.
Meanwhile, NCAA football proved to be popular as Coloradans placed $46.9 million on college football games, a significant increase on the $2.5 million wagered in the previous month.
Retail sports betting operators reported receiving $5.5 million in wagers while bets made through mobile sportsbooks accounted for 98.6% of the state’s wagers with a total of $402.75 million wagered online.
Players’ winnings for the month of September totaled $385.65 million. $380.43 million of this total was paid through mobile sports betting apps while retail winnings amounted to $5.2 million.
Operators reported gross gaming revenue (GGR) of $22.6 million for the month of September up 48.6% on the previous month. However, the higher win percentage of 7.19% resulted in net sports betting receipts of just $1.8 million for the month, a significant drop on the $7 million reported in the previous month. This meant that states taxes for September amounted to $483,047.77 down 33.5% on the previous month.
Image credit: Baishampayan Ghose / CC BY-SA 2.0
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.