Colorado sports betting in July: 37% of wagers placed on baseball, $25m GGR

The state’s total win percentage in July sat at 8.9%.

Colorado has released its sports betting report for July 2023, showing total gross gaming revenue of $25m.

Of that $25m, $24.8m was brought in from online bettingand the remaining $144,166 was made up from retail revenue. 

The state’s total win percentage sat at 8.9%. The most wagers were placed on baseball, amounting to $104.9m in total handle; with $104m being placed online and $912,627 being placed in retail. The state paid out $98m in total payments to players who wagered on baseball; with $97.1m being online and $885,232 being to retail bets. 

A total of 37% of wagers placed were placed on baseball in July.

Meanwhile, the least wagers were placed on motorsports, with just $827,094 made in total wagers; $27,152 from retail sportsbooks and $799,941 being placed online. However, the state still made a profit off motorsports as it gave back $677,264 in total payments to players; totalling $17,237 to retail and $660,027 to online payments to players.

At the top, parlays and combination wagers place second, generating $44.8m in wagers; $301,321 retail and $44.5m online. The state paid back a total of $37.1m in payments to players; $202,755 retail and $36.9m online.

The only sport the state lost out on revenue from was boxing. Boxing saw $1m in total wagers; $30,115 from retail and $989,078 from online wagers. But Colorado ended up paying back a total of $1.2m to its players who wagered on boxing; $45,079 retail and $1.2m online. This means Colorado lost out on $216,891 to the boxing wagers.

Lucy Wynne

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