Colorado

Colorado sports betting

Expected Jump Helps Colorado Sports Betting Hit Record

Colorado sports betting handle cracked $400 million for the first time in September. Riding the wave of NFL betting, Colorado sportsbooks took $408.3 million in wagers during the month of September, according to a state report released Friday. That bests the previous high of $326.9 million in January 2021. September’s total is also a 92.7% […] Read More
Posted on: October 29, 2021 | Sports Betting | Pat Evans
Colorado sports betting

Baseball Tops August Colorado Sports Betting As Promos Inch Back

Baseball betting stayed hot in August as Colorado sportsbooks started their upward climb into the busier sports season. Colorado sportsbooks reported $211.9 million in August wagers, according to a monthly state report. That figure is a 16.8% jump from July‘s handle of $181.3 million. While handle is back on the upswing, revenue dropped approximately 3% […] Read More
Posted on: September 28, 2021 | Sports Betting | Pat Evans
Bally Bet

Bally Bet Rollout Paused For Gamesys Acquisition

The Bally Bet app is live in two states, but do not expect any more until the back end of the fourth quarter or later. Bally’s is waiting for its nearly $3 billion acquisition of UK-focused Gamesys to build out its Bally Bet offering, management said on Monday’s earnings call. Bally’s announced that purchase in […] Read More
Posted on: August 10, 2021 | Sports Betting | Matthew Waters
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
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