Sportsbooks reported that basketball attracted the most wagers with local sports fans wagering $136.6 million on the sport throughout April. Basketball was followed by baseball ($88.4 million) and ice hockey ($31 million).
The Colorado Department of Revenue reported that gross gaming revenue (GGR) from sports betting for the month of April was approximately $35.1 million, a year-on-year increase of 55.3%. This gave sportsbooks a combined win percentage of 8.41%. Total net sports betting proceeds amounted to $25.8 million.
Colorado Sports Betting Dips in April but Pushes All-Time Wagers Past $12 Billion Colorado Sports Betting Dips in April but Pushes All-Time Wagers Past $12 Billion on the first three years of sports betting in the state revealing that Coloradans have wagered almost $12.1 billion on sports since the industry launched in May 2020. $11.9 billion of that figure has come through the state’s online sportsbooks. GGR for the first three years has amounted to $817 million while the state has collected $43.7 million in taxes since launch.
Ciaran McEneaney
Colorado Sports Betting Dips in April but Pushes All-Time Wagers Past $12 Billion