Colorado

Colorado sports betting

Colorado Sports Betting Revenue Up Despite Summer Handle Slowdown

Early playoff exits for local teams might have hurt handle but Colorado sports betting saw revenue jump in June. Sports betting revenue totaled $19.7 million, up 30.4% from May’s $15.1 million. Meanwhile, handle dropped 7.7% month-over-month to $229.8 million in June, according to the monthly state report. Promotional spending for Colorado sportsbooks fell a bit […] Read More
Posted on: July 27, 2021 | Sports Betting | Matthew Waters
Colorado sports betting

Colorado Sports Betting Ticks Up, Revenue Drops In May

Despite wagers trending upward, Colorado sports betting revenue dropped in May according to the monthly report. Colorado bettors wagered nearly $249 million in May, per the a Colorado Division of Gaming report released Friday. Sportsbook operators generated $15.2 million in gross gaming revenue, a 6.1% hold. That’s down from $17.6 million in April. More dramatic was the […] Read More
Posted on: June 28, 2021 | Sports Betting | Pat Evans
Colorado sports betting

Colorado Sports Betting Wraps Up Odd First Year With April Slide

Colorado sports betting drew $2.3 billion in wagers during the state’s first 12 months of legal operation. April’s $244.5 million in bets wrapped up the first full year of sports betting in Colorado. More than $241.9 million of those April bets came online. During the month, Colorado sportsbooks generated $17.6 million in gross gaming revenue, […] Read More
Posted on: May 26, 2021 | Sports Betting | Pat Evans
Bally Bet

Colorado Gets Industry’s First Glimpse Of Bally Bet

Colorado will get the sports betting industry’s first look at Bally Bet. On Monday, Bally’s Corp. announced a beta launch of Bally Bet into the Colorado sports betting landscape. A release from the company said Bally Bet will launch in three more markets in 2021. The launch represents a culmination of a flurry of activity […] Read More
Posted on: May 25, 2021 | Sports Betting | Pat Evans
Colorado sports betting

Colorado Sports Betting Back On The Upswing With March Madness Boost

After its first monthly handle dip in February, Colorado sports betting increased again in March. Colorado bettors wagered $301 million in March, according to a Colorado Division of Gaming report released Tuesday. Since launching in May 2020, the state has now surpassed $2 billion in handle. While March’s total is below January‘s all-time record handle […] Read More
Posted on: April 28, 2021 | Sports Betting | Pat Evans
Colorado sports betting

Colorado Sports Betting Slips For First Time Since Launch

Colorado sports betting handle dipped in February for the first time in its brief history. The monthly handle of $266.5 million was down from January’s record of $326.9 million, according to a Colorado Division of Gaming report released Monday. CO sports betting generated $10.4 million in gross gaming revenue, representing a 4% hold. The state […] Read More
Posted on: March 30, 2021 | Sports Betting | Pat Evans
college sports betting partnerships

Problem Gambling Advocates Issue College Sports Betting Partnership Guidelines

The National Council on Problem Gambling this week released a set of suggested college sports betting partnership guidelines. The NCPG released a report and the set of recommendations on Tuesday in the midst of Problem Gambling Awareness Month. NCPG Executive Director Keith Whyte said the guidelines come as part of the larger Safer Sports Betting Initiative […] Read More
Posted on: March 26, 2021 | Regulation Sports Betting | Pat Evans
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