Colorado Reports Negative Net Sports Betting Revenue in June

The latest monthly revenue report from the Colorado Division of Gaming has revealed that the state’s licensed sports betting operators accepted $313.2 million in wagers during the month of June.

Despite an overall net loss, the state still collected $286,280 in taxes for the month. This brings the year-to-date tax total to more than $6.2 million.

Baseball was the most popular sport at local sportsbooks as gamblers wagered over $106.4 million on the MLB. Basketball came a distant second attracting $44 million in wagers. Ice hockey was the next most wagered on sport with $29 million in bets ahead of tennis with $23.4 million in wagers.

Total wagers for the state since Colorado sports betting launched in May 2020 is now just over $7.6 billion.

Image credit: Al Case / CC BY-NC-ND 2.0

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.