Betting in Colorado soared to record levels in January, surpassing $500m for the first time in state history

Betting in Centennial State soared to track record levels inward January, surpassing $500m for the foremost clip in country history.

Sportsbooks in the western sandwich US say handled $574m inwards wagers during January, upward past to a greater extent than 75% for a unexampled all-time high, spurred on by local interestingness in pro basketball, according to PlayColorado.com.

While a busy NFL schedule saw football betting get hold of $144.1m, NBA wagers were the month’s hot ticket, amounting to $163.6m, upwardly from December’s $125.5m.

College hoops was likewise popular, producing $63.1m inwards bets during January, followed by sparkler hockey and tennis at $24.7m and an even out $20m respectively.

“The NFL’s decisions to supply an extra week of regular-season games and expand the playoffs were a boon for sportsbooks, but the NBA continues to follow the state’s hottest bet,” said Ian St. Clair, Lead Analyst for PlayColorado.com.

“With the Super Bowl inward Feb and the NCAA Tournament inwards March, sportsbooks should go on to insure sound betting loudness numbers before seasonally tapering off inward spring.”

Online wagers accounted for the vast absolute majority of the month’s betting action. Coloradans placed $567m in bets online, nearly 99% of January’s total.

Based on the month’s wagering activity, sportsbooks won $34.6m, up nearly 50% from January 2021’s gross revenue.

Eric Ramsey, an analyst for the PlayUSA.com network, which includes PlayColorado.com, commented: “Colorado’s accent on wandering betting continues to make up sour with impressive results, month after month.

“Even with an onslaught of legalisation o'er the lowest year, the tell remains 1 of the to the highest degree innovational and successful markets inwards the US.”