Colorado Sportsbook Industry Hits $400 Million Milestone
Players wagered a new high of $408 million in Colorado’s retail and online sportsbooks in September. According to Colorado sportsbook industry insiders, it was due to the hot start of the Broncos in the NFL and the whole month of NCAA football action.
It is the tenth time in seventeen months that sportsbooks in the state reached a handle record. But, according to price per head sportsbook analysts, it indicates that the state’s sports betting market hasn’t reached its plateau yet.
Sports fans have been enthusiastic about the return of the NFL. Also, there were new apps launched in the state. In addition, there were several college football games played by Colorado, Air Force, and Colorado State. Sportsbook pay per head reviews expect the new handle record to be short-lived. However, they expect the market to be lucrative in the fall.
Colorado Sportsbook Industry
The best sportsbooks in Colorado consolidated to take in $408.3 million in bets in August, which remembered $402.8 million for internet betting, as per information delivered Friday by the Colorado Division of Gaming. September’s volume was up 96.6% from $207.7 million in September 2020 and up 92.7% from $211.9 million in August. Colorado sportsbooks achieved the previous record in January. They took in $327 million in bets.
Gross gaming revenue was almost another high, as well, with $22.7 million in September. That is up 443.9% from $4.2 million in September 2020 and was barely short of the past high of $23.1 million set in January. $19.8 million in limited time wagers, or “free wagers,” shaved net games wagering continues to $1.8 million, which yielded $483,048 in state charges.
NFL games attracted an incredible $125.8 million bets, an influx of activity contrasted and the $13.6 million wagered in August. School football took 46.9 million. School and expert football took in more than baseball ($68.7 million), genius b-ball ($16.3 million), tennis ($16.3 million), soccer ($13.0 million), and table tennis ($11.1 million) joined.