Sports betting revenue in Colorado rocketed 201.9% year-on-year to $15.7m in July, despite player spending in the state slipping to its lowest monthly total since August 2020.
Revenue was significantly higher than the $5.2m posted in July last year, but down 20.3% from $19.7m in June of this year.
Online accounted for $15.4m of sports betting revenue for the month while the remaining revenue – $243,245 – came from retail sportsbooks across the state.
Turning to handle and players wagered a total of $181.3m on sports in July, up 206.3% from $59.2m in July 2020 but down 21.1% from $229.8m in June this year and the lowest monthly amount in 12 months.
Consumers spent a total of $179.1m betting online during the month, as well as $2.2m at retail betting facilities.
Baseball was the sport of choice among players attracting $61.1m in bets in July, or 33.7% of all wagers placed in the month.
Basketball ranked second on $27.2m, then soccer with $14.0m and tennis on $12.0m, while parlay bets also drew an additional $30.8m in wagers during the month.
Players won $165.7m from sports betting in July, while the state generated $999,111 in tax.