Colorado Sports Betting Rises, Revenue Declines in May

Colorado's sportsbook handful rose, revenue fell in May

© United States Today

Colorado’s sportsbook handful edged up in May, reaching nearly $ 248.97 million, an increase of 1.8% from April, when total sports betting was $ 244.45 million .

Gambling in Colorado, as always, has been driven predominantly by mobile betting. The moving handle was nearly $ 246.49 million, which means about 99% of total sports betting was made online in the state.

The month-over-month increase in mobile betting followed the full 1.9% increase from April ($ 241.92 million).

Colorado sports betting, May vs April

Total handle Movable handle Income (GGR)
May $ 248.968 million $ 246.489 M $ 15.155 M
April $ 244.447 million $ 241.920 million $ 17.564 million
Switch Up 1.8% Up 1.9% Down 13.7%

Gross revenues were down

Meanwhile, gross gaming revenue was down month over month. The May GGR for sports betting in Colorado was $ 15.15 million, down 13.7% from April ($ 17,563,939).

The drop in revenue was reflected in the sports betting taxes collected. Total sports betting taxes for May were $ 635,641, down 41.3% from April ($ 1,082,611).

Basketball was the main individual sport wagered in May, accounting for 35% of the grip. Interestingly, table tennis is among the top five sports.

The betting preferences for sports by handle order in May were: Basketball $ 86,905,263; baseball $ 49,058,252; hockey $ 15,496,450; table tennis $ 10,253,385; football $ 9,854,188. The “other” category represented $ 16,750,931 and down payments represented $ 43,662,693.

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