Colorado is the latest evidence supporting the notion that the NFL encourages sports gambling.
In September, the commencement of the NFL regular season propelled Colorado to achieve a remarkable month in terms of betting activity. The state recorded a staggering $408.3 million in bets, marking a substantial 92.7% surge compared to the $212 million wagered in August. This September figure stands as the largest ever recorded in the state’s sports betting revenue history, surpassing the previous peak of $326 million attained in January.
Colorado sports betting is rapidly approaching the $3 billion mark for the year, with the September handle contributing to this milestone. As of 2021, the state has already accumulated a staggering sum of over $2 billion in wagers.
Sports gambling in Colorado in September using the statistics
According to the Colorado Division of Gaming, the latest figures indicate a significant increase in both the total amount wagered and the gross gaming revenue. In August, the gross gaming revenue amounted to $15.2 million, but in September, this figure skyrocketed to an astonishing $22.7 million.
However, online sports wagering profits were not subject to the same decrease. In fact, these profits amounted to $1.8 million for the quarter, which was a significant decline from the $7.1 million earned in August. The reason behind this decrease can be attributed to the distribution of a substantial $20 million prize in September (more details on this will be provided shortly).
The primary concern for Coloradans lies in the state tax payment, which is of utmost importance. In September, the revenue slightly decreased to $483,047, following a decent figure of $726,365 in August. Given the ongoing water issues in the West and the mandatory 10% income allocation towards Colorado Water Preservation, there is significant emphasis on the monthly state revenue received.
It comes as no surprise that online gaming is the preferred choice for placing bets, as it accounted for a staggering $402.8 million in September, making up 98% of all bets placed in Colorado. On the other hand, retail casinos only contributed $5.6 million, representing a mere 2% of the total bets, although there is potential for growth in the future.
Since the company’s launch in May 2020, September has seen a significant increase in lifetime values, surpassing the Colorado total handle by exceeding $3 billion.
In the coming weeks, PlayinСolorado may shift its focus towards this captivating number as it returns to the spotlight. Despite the presence of 26 sports betting softwares in the state, all of them are striving to attract users to download and register. Offering bonuses remains the most effective approach to achieve this goal.
In September, the life benefit in Colorado saw a significant increase, surging from $19.8 million to $119.3 million.
It will be interesting to observe the extent to which that number rises or falls over the upcoming months as the market evolves.
popular sporting bets in September
As mentioned above, NFL betting dominated the month’s activities. In the initial month of the regular season, NFL wagers reached an impressive $125.8 million. The Denver Broncos’ exceptional 3-0 start undeniably contributed to this figure. However, with the team’s recent decline and current four-game losing streak, it remains captivating to see how this will affect the level of interest.
In terms of betting, MLB secured the second position for the month. Despite the Colorado Rockies not participating in significant games during this period, the thrilling postseason races generated considerable interest among bettors. A total of $68.7 million was wagered on baseball.
Tennis gaming, known as the adult version of table tennis, has unexpectedly made its way into the top 5. Thanks to the US Open, tennis betting garnered a staggering $13.3 million in September. This major tournament took place in New York from August 30 to September 12.
Table tennis betting, being a niche sport, maintained its popularity in September by securing the seventh spot in the top 10, generating a whopping $11 million.
Colorado’s leading 5 sports wagers
- NFL$ 125.75 billion
- Baseball 68.7 million dollars
- The NCAA basketball generated a revenue of $46.94 million.
- Basketball revenue reached $16.34 million.
- The sum of money in the sport of tennis amounts to $16.33 million.
| Bet in sports | Complete Solve | Handle Online | Shop Handle | ( GGR ) Revenue |
|---|---|---|---|---|
| Professional Football | $125,751,426 | $123,415,568 | $2,335,858 | $4,520,301 |
| Baseball | $68,704,842 | $67,598,667 | $1,106,175 | $2,976,669 |
| NCAA – Football | $46,940,205 | $46,160,573 | $779,632 | $1,626,016 |
| Professional Basketball | $16,346,917 | $16,200,056 | $146,861 | $364,270 |
| Tennis | $16,332,349 | $16,071,316 | $261,033 | $1,106,678 |
| Soccer | $13,048,406 | $12,908,710 | $139,696 | $1,115,723 |
| Tennis at a desk | $11,062,241 | $11,056,668 | $5,573 | $721,918 |
| Golf | $2,634,835 | $2,628,440 | $6,395 | -$70,656 |
| MMA | $1,959,329 | $1,922,507 | $36,822 | $272,920 |
| Hockey | $974,480 | $964,749 | $9,731 | $40,911 |
| Other | $42,040,339 | $41,747,818 | $292,521 | -$1,218,148 |
| Parlay | $62,519,257 | $62,082,681 | $436,576 | $11,202,026 |
| Total | $408,314,626 | $402,757,753 | $5,556,873 | $22,658,628 |
