Colorado Reports Negative Net Sports Betting Revenue in June
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Colorado Reports Negative Net Sports Betting Revenue in June

Sportsbooks report second lowest win percentage since the industry launched

by - Wednesday, August 3rd, 2022 11:35
Colorado Rockies
Baseball was the most wagered-on sport for the month
Baseball was the most wagered-on sport for the month

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.

Colorado Reports Negative Net Sports Betting Revenue in June

Sportsbooks reported gross revenues of almost $6.8 million and a win percentage of just 2.2%. This was the second lowest win percentage recorded with only September 2020’s rate of 2% lower. As a result, adjusted revenue loss for the month was $1.9 million with August 2020 the only month in the state’s history with bigger net losses ($3.4 million).

Colorado Reports Negative Net Sports Betting Revenue in June Colorado Reports Negative Net Sports Betting Revenue in June

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
Colorado Reports Negative Net Sports Betting Revenue in June