Colorado Sees Big Drop in Sports Betting Numbers In July

Colorado Sees Big Drop in Sports Betting Numbers In July
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Colorado sports betting followed a national trend of seeing a decrease in July handle.

But when the state Department of Revenue released the information to the public, it tried to put a positive spin on things.

The total handle for July was $181,327,994, which is 21% less than the $229.8 million posted in June.

But on the bright side, it was pointed out in the release, that number was a 206% increase over the $59,186,619 the state brought in during the pandemic-challenged July 2020.

July 2021 total revenue was $15.65 million, down from $19.73 in June. Total taxes were $999,110, down from the $1.2 million in June.

Online sports betting was $179.125 million, down from $227.1 million in June. Mobile continues to account for almost all of the total betting handle, with 99% of wagers made online and 1% of wagers placed in retail locations, or $243,244.65. Colorado has 25 online operators and 17 retail.

Only Tennessee sports betting, which is online only and Virginia sports betting, which doesn’t have its retail up and running yet, had a higher percentage of online betting revenue.

Colorado Sports Betting, July vs. June

Total Handle Mobile HandleRevenue (GGR)
June$229.765M$227.074M $19.731M
Change Down 21% Down 43% Down 20%

Baseball Still Tops For Betting

Baseball betting was still tops in the state with customers placing $61 million in July wagers on MLB.

Next was basketball betting with $27 million.

Rounding out the top five was soccer betting with $13 million, tennis betting with $12 million and table tennis with $8 million.

That group should change soon, with NFL betting starting up in full swing in September.

Tipico Launches In Colorado

Tipico Sportsbook was approved and went live in Colorado in August.

For first-time users who register and deposit, Tipico is offering a $750 deposit match.

Tipico gained market access to the Colorado gambling market through its partnership with Century Casinos. The 10-year deal was announced in October 2020.

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