December saw betting activity drop by 2.94% from November’s handle of $475.4 million and was $30 million short of the state’s all-time record handle of $491.4 million set in October 2021. However, the month was still one of the state’s most successful since sports betting launched and marked the fourth month in a row that sportsbooks accepted over $400 million in wagers.
Colorado Sportsbooks End 2021 With Yet Another Wildly Successful Month Colorado Sportsbooks End 2021 With Yet Another Wildly Successful MonthNCAA basketball and football betting activity continues their decline with both sports attracting $27.5 million and $24.5 million respectively. Ice hockey was the next most popular sport attracting over $12.5 million on wagers during December.
Retail sports betting operators accepted $6.5 million in wagers for the month, up slightly from the $6.4 million reported in November. Mobile sports wagers accounted for 98.5% of all betting activity as online apps accepted over $454.9 million in wagers throughout the month.
Winning for players in the month of December totaled $436.7 million with $430.3 million of this paid through mobile sports betting apps. Retail winnings amounted to $6.35 million.
Gross gaming revenue (GGR) fell sharply to $24.7 million from the previous month’s all-time record of $36.8 million. As a result, state taxes for December amounted to $770,369.98 from a win percentage of 5.36%.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.