For the second month in a row, basketball was the most popular bet on sport in Colorado.
Professional basketball made up $155.6 million of the state’s $440.5 million handle in February, while college basketball was second at $68.2 million.
Colorado bettors have reason to be interested in NBA betting sites. The local team, the Denver Nuggets, are currently fifth in the Western Conference at 47-32 but have not been a profitable team to back this year against the spread. The Nuggets are just 36-43 against the spread, covering at a 45.6% rate. It’s the 10th-worst cover percentage in the league.
Any Colorado bettors who backed Denver forward Nikola Jokic to repeat as MVP could see themselves cashing the 15/1 preseason ticket.
Jokic is currently the MVP favorite at FanDuel Sportsbook (-310) as the final week of the NBA regular season is set to conclude on Sunday.
Jokic is averaging 26.8 points, 13.7 rebounds and 8 assists per game, which is identical to last season’s 26.4 points, 10.8 rebounds and 8.3 assists he averaged during his MVP season a year ago.
Philadelphia’s Joel Embiid (+250) and Milwaukee’s Giannis Antetokoumpo (+550) have the next best odds to win MVP.
In other future bets, the Nuggets are currently +2700 to win the NBA title at FanDuel Sportsbook and +1100 to win the Western Conference.
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. After making a first deposit in the amount of at least ten dollars ($10.00), Participants will receive One (1) No Sweat Token with a maximum stake of one hundred dollars ($100) every day for the first 10 days after successful first deposit. Each No Sweat Token must be used in a single transaction. Any unused amounts will be forfeited.Each No Sweat Token expires in 24 hours. Bonus Bets expire in seven (7) days and are non-withdrawable.
Denver Hockey
Hockey was fourth in February for handle, taking in $24.1 million in bets. Football was third at $31.4 million with the Super Bowl responsible for the majority of the month’s handle.
Colorado has two top teams at the college and professional level: the Denver Pioneers and Colorado Avalanche.
Denver heads to Boston on Thursday to take part in the Frozen Four. At DraftKings Sportsbook, the Pioneers are +1.5 (-175) on the puck line for its matchup against Michigan (-165 moneyline). Denver is also a +135 moneyline underdog and is +350 to win the NCAA title.
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Michigan (+150), Minnesota State (+275) and Minnesota (+380) are the other Frozen Four contestants, with Minnesota State a –130 moneyline favorite for its semifinal contest against in-state rival Minnesota.
In the NHL, the Avalanche have the best record in the league at 49-14 and feature a league-high 104 points. Colorado is the favorite at BetMGM Sportsbook to win the Stanley Cup at +375. The Avalanche are also favored to win the Western Conference (+150).
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. After making a first deposit in the amount of at least ten dollars ($10.00), Participants will receive One (1) No Sweat Token with a maximum stake of one hundred dollars ($100) every day for the first 10 days after successful first deposit. Each No Sweat Token must be used in a single transaction. Any unused amounts will be forfeited.Each No Sweat Token expires in 24 hours. Bonus Bets expire in seven (7) days and are non-withdrawable.
Other February Figures
Mobile sports betting made up the majority of wagers in February, with $434.9 million of bets placed online, down 23.3% from January’s $567.1 million and was 68.4% higher than February 2021’s $258.2 million.
Colorado’s February revenue came to $19.6 million, a decrease of 43.4% from January’s $34.6 million and was 87.7% higher than February 2021’s $10.4 million.
