According to the latest monthly revenue report from the Colorado Division of Gaming, the state’s licensed sports betting operators reported accepting $494.4 million in wagers during the month of March.
Colorado Sports Betting Revenue in March up by 146.8% Year-on-YearSportsbooks reported that basketball attracted the most wagers with local sports fans wagering $193 million on the sport throughout March. Meanwhile NCAA basketball attracted just over $94.3 million. Basketball was followed by ice hockey and tennis as each sport attracted just over $25 million in wagers.
The Colorado Department of Revenue reported that gross gaming revenue (GGR) from sports betting for the month of March was approximately $45.9 million, a year-on-year increase of 62.7%. This gave sportsbooks a combined win percentage of 9.29%. Total net sports betting proceeds amounted to $35.4 million.
Colorado Sports Betting Revenue in March up by 146.8% Year-on-YearImage credit: Kamal Hamid / CC BY-ND 2.0
