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Colorado sports betting revenue rises to $19.7m in June despite handle drop


Colorado reported a month-on-month rise in sports betting revenue in July despite the US state experiencing a decline in revenue during the month.

Gross gaming revenue from sports wagering in June amounted to $19.7m, up 29.6% from $15.2m recorded in May this year and 700.0% higher than $2.2m in June last year.

Online betting accounted for $19.5m of sports wagering revenue in June, compared to just $195,946 from retail sportsbooks in the state.

In terms of spending, players bet $229.8m on sports in June, down 10.1% from $249.0m in May and the lowest monthly amount of the calendar year to date.

A total of $227.1m was wagered with online operators, while the remaining $2.7m was bet at retail sportsbook facilities.

Basketball remained the most popular sports to wager on in Colorado, attracted $74.9m in total bets during the month.

Baseball followed in second with $54.6m in bets, then soccer on $12.8m, tennis at $12.3m and ice hockey with $10.7m.

The state was able to generate $1.2m in taxes from sports wagering in June, while players won a total of $210.0m.