The Colorado Department of Revenue has released its latest monthly revenue report revealing that the state’s licensed sportsbooks accepted over $505.6 million in wagers throughout the month of March, only the second time in history that the handle has topped $500 million.
March Madness drives sports betting handle to over half a billion
Retail sports betting operators reported accepting $5.4 million in wagers for the month, a slight drop on the $5.5 million reported in the previous month. Mobile sports bets accounted for 98.9% of all betting activity as online sports betting apps accepted over $500.2 million in wagers throughout the month.
Colorado Sportsbooks Bounce Back with Stellar March Colorado Sportsbooks Bounce Back with Stellar March generated state taxes of $1.3 million in March from a win percentage of 5.58%.
Natasha Lyndon
Colorado Sportsbooks Bounce Back with Stellar March