September Colorado sports activities betting turnover tops $200 million

Regulated sports activities betting in Colorado remains to be comparatively new however, like most US regulated markets, is setting new information each month. In September 2020, Colorado’s regulated sportsbooks pulled in $207.6 million in wagers. That’s fairly spectacular for the primary the complete month that included soccer, although Colorado bettors threw cash at a wide range of sports activities, together with that quarantine favourite – skilled desk tennis.

In keeping with a latest report from LegalSportsReport.com, Colorado’s 11 operators took greater than $200 million in wagers in September, however solely took in round $4.2 million in income. Of that quantity, solely about $70,000 went into state coffers. That’s hardly the income haul regulated sports activities betting supporters promised once they pushed for legalization final 12 months.

The small haul might need one thing to do with an immature market and sports activities seasons which are out of kilter because of the pandemic. Although the NHL, NBA, MLB, NFL and NCAA all had video games in September, not one of the state’s universities held sporting occasions of any form.

Like most states the place regulated sports activities betting has simply been legalized, the overwhelming majority of motion in Colorado is coming from cellular bettors. Sources studies that 98 p.c of all these wagers had been positioned from cellular apps.

The preferred sports activities for wagering had been baseball ($47.1 million); NFL soccer ($38.6 million); basketball ($37.7 million); and hockey ($11 million). Faculty soccer, which might possible account for an entire lot extra of the soak up a traditional 12 months, solely introduced in $3.eight million in wagers. By the use of comparability, desk tennis introduced in $5.Three million price of wagers. If that doesn’t let you know every thing it’s essential find out about life in 2020, we would not have the opportunity that will help you out.

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