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Colorado sports wagers surpass $500m in October


Consumers in Colorado wagered $526.6m in sports during October, a 7.1% increase on the same month last year.

The state’s monthly handle was higher than the $491.5m spent by players in October 2021 and also 17.0% up from $450.2m in September of this year.

Of this total, $521.8m was bet online, while just $4.8m was wagered at retail sportsbooks in the state.

In terms of gross gaming revenue, operators generated $36.5m, which was 27.6% higher than $28.6m in October 2021, but 28.8% behind the $51.3m reported in September this year.

Online betting revenue amounted to $36.2m, with retail wagering revenue reaching just $267,128.

Betting revenue by sport

Football remained the most popular sport to wager on in September, drawing $171.6m in total bets across online and retail.

Basketball ranked second with $85.7m in wagers, then college football on $50.4m, while parlay betting spend stood at $92.0m.

Players won $490.1m from sports wagering during the month, while Colorado collected $2.3m in sports betting taxes.