Colorado Seventh State To Clear $8 Billion Sports Betting Handle

Colorado in August became the seventh state in the post-PASPA era to surpass $8 billion in sports wagering handle. The Centennial State has taken in nearly $9.2 billion since launching operations in May 2020. Colorado operators had their best month outside the first two months of activity in terms of win rate. They posted an 8.9% hold to claim $25. 9 million in gross revenue.

August's handle and revenue numbers were significantly higher compared to July of this year and August 2021. Colorado has generated $23.8 million in 28 months of sports wagering. Illinois and Arizona have not reported their numbers yet. i.e. the gross revenue win rate is down nearly one full percentage point to 5.9%.

Baseball generated the most handle in August with $117.8 million. Parlay wagering generated $52.7 million and $5. 7 million in revenue. Tennis generated more than $29 million, soccer $1.9 million with 9.5% hold. College football generated only $4.3 million but it was mostly futures bets. Colorado is the seventh state to clear $8 billion sports betting handle.