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Colorado surpasses $2bn in sports bets since launch as March wagers hit $300m


Players in Colorado have spent more than $2.0bn on sports betting since the state opened its regulated market in May 2020, with figures from the Colorado Department of Revenue showing over $300.0m was wagered in March this year.

Players bet a total of $301.0m on sports during March, up 12.9% on the $266.5m wagered in February and the second highest monthly total since the market launched in May 2020, but lower than the record $326.9m spent in January.

Online bets accounted for $295.2m of all wagers placed in March, while players only spent $5.8m at retail sportsbooks in the state.

Gross gaming revenue from sports betting for the month amounted to $20.4m, which was 96.2% higher than in February, but short of the $23.1m posted in January. Online revenue reached $21.4m, but a total of just $1.0m from retail operations pushed the overall amount down.

Basketball remained the most popular sport among bettors, attracting $106.9m in wagers, as college basketball drew $71.0m in bets for the month thanks mostly to the NCAA Tournament. A further $55.8m was attributed to parlay bets, while ice hockey accounted for $13.8m in bets and tennis $10.9m.

Operators paid out a total of $280.6m in winnings to players, while the state was collected $1.1m in taxes from regulated sports betting activities.

Gross gaming revenue for the market since its launch in May last year reached $129.7m by the end of March, with player wagers amounting to $2.10bn.