With $38M In Bets, Colorado Handle Up 50% From May To June

Written By Ian St. Clair on 07/28/2020 - Last Updated on January 8, 2021

The Colorado sports betting market continues to show why expectations are a mile high.

The Colorado Division of Gaming released the June sports betting handle on Tuesday.

Keep in mind, this is with six CO sports betting apps and one retail sportsbook open for the month. And it’s without major US sports, thanks to the COVID-19 pandemic.

Despite all of that, the June sports betting handle in Colorado was $38.1 million.

Per the release from the state, that is a 49% increase over the $25.6 million handle in May.

The handle generated $217,023.40 in taxes for the state.

As Dan Hartman, director for the Division of Gaming, said:

“June totals show a positive trend moving forward with new operators and new retail spaces opening up. We can’t wait to see what the results will be from future events, sports, and operators.”

Here’s a look at the total betting breakdown from June:

Wagers by sportHandleRevenue (GGR)
Table tennis $9,148,984$535,423
Soccer $4,136,069$288,627
Golf $3,426,742$459,847
MMA $2,159,116$7,668
Tennis $1,336,628$60,468
Motorsports $617,683$98,502
Other $10,537,238$955,247

When it comes to the “other” category, the Division of Gaming notes that is all the other sports that don’t make the top ten, so that the column adds up to the total amount wagered. The gaming division adds that for June, it included rugby, ice hockey, snooker, NCAA future bets, and other offerings from the Colorado sports betting catalog that were less than the $94,436 that football made.

The other really interesting figure to look at is the bonus from the various sportsbooks.

In May, they gave out $1.5 million and in June $1.2 million. That’s a total of $2.7 million so far, and that means 4.8% of all bets were promotional wagers.

Colorado (still) loves table tennis

For the second straight month, table tennis was the favorite for Colorado sports bettors.

The niche sport brought in a total of $9.1 million.

That was followed by:

  • Soccer $4.1 million
  • Golf $3.4 million
  • MMA $2.2 million
  • Tennis $1.3 million
  • Baseball $1.2 million

Both darts and hockey were in the top 10 in May but failed to get there in June.

Now that the Colorado Rockies have returned and fans in Colorado are experiencing MLB betting for the first time, and the NBA and NHL are mere days away from their respective returns, the handle over the coming months will only increase.

Not to mention more apps announce their launch or plans to enter the Colorado market seemingly every day. As it stands now, there are 10 Colorado betting sites and apps, and five retail sportsbooks live in the state.

It’s no wonder the expectations for the two-month old sports betting market remain a mile high.

This is a developing story, so be sure to check here at PlayColorado for updates.

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Ian St. Clair

Ian is an award-winning sports journalist and a University of Northern Colorado graduate. He’s a Colorado native and has over a decade of experience covering college and professional athletics. He broke into the gambling industry right as Colorado launched legal sports betting in 2020. Ian now manages the sites for some of the biggest gambling markets in North America and is an analyst for PlayColorado.

View all posts by Ian St. Clair