Players in Colorado spent $392.3m (310.2m\/364.7m) wagering on sports in April, a year-on-year increase of 60.5%, while revenue also jumped 28.4% to $22.6m.<\/p>\n
The states handle was comfortably ahead of $244.4m inApril last year, but 22.4% behind the $505.6m bet by consumers duringMarch of this year.<\/p>\n
Of this total, $389.1m was spent wagering online, while $3.2m was bet at retail sportsbooks across the state.<\/p>\n
In terms of gross gaming revenue, this was up year-on-year from $17.6m in April 2021, but 19.9% lower than $28.2m in March this year.<\/p>\n
Online betting was responsible for $22.2m of this total with the remaining $379,972 coming from retail sportsbooks.<\/p>\n
Breaking down performance by sport, basketball drew the most wagers, with the $146.4m spent by players representing 37.3% of all wagers placed during the month.<\/p>\n
Baseball ranked second with $69.9m in total bets, or 17.8% of all wagers in April, then ice hockey with $26.0m, corresponding to a 6.6% share. Some $73.4m was also wagered on parlay bets.<\/p>\n
Players won a total of $369.7m from sports betting during the month, while the state was able to generate $1.2m in tax.<\/p>\n
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See the article here: <\/p>\n
Colorado sports betting and revenue up YoY in April - iGaming Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Players in Colorado spent $392.3m (310.2m\/364.7m) wagering on sports in April, a year-on-year increase of 60.5%, while revenue also jumped 28.4% to $22.6m. Continue reading