Colorado’s online and retail sportsbooks have reached a new all-time high handle, with a record of $408m in wagers for September
Colorado’s online and retail sportsbooks have reached a new all-time luxuriously handle, with a track record of $408m inwards wagers for September.
The month’s intensity was upwardly almost 97% from $207.7m for Sep 2020 and upwards 93% from $211.9m for August. The previous high was in January, when sportsbooks took inward $326.9m inward bets.
September generated $22.7m inwards receipts gaming revenue, upwardly 444% from $4.2m for Sep 2020.
Bettors showed interest in pro football game (generating $125.8m inward bets), baseball ($68.7m), college football (with 46.9m), pro basketball ($16.3m), tennis ($16.3m), association football ($13m), and table tennis ($11.1m). Promotional bets (or ‘free bets’) of $19.8m generated mesh sports betting proceeds of $1.8m, which yielded $483,048 inwards country taxes.
Ian St. Clair, an Analyst for PlayColorado, said: “It is no surprisal a unexampled monthly put down would amount granted the Broncos' start, boilersuit enthusiasm for the NFL’s return, the influx of young online apps, and the identification number of games played by Colorado, Centennial State State and Air Force. Maybe to a greater extent remarkably, though, is just how short-lived this register testament potential be. This testament live a very lucrative come for the state’s sportsbooks.”
With brands like Barstool and Sports Illustrated Sportsbook investing in growing their customer base (and increasing competition for operators such as DraftKings and FanDuel), Colorado’s market continues to expand and mature.
St. Clair explained: “Another register month is a reminder that Colorado’s market is ease relatively offspring and growing. In fact, it noneffervescent could follow a couplet of years before we extend to a true up take down of maturity. That agency we canful expect the natural state sit to go along for the foreseeable future.”
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