Colorado sports betting handle up 65 year-on-year but lowest since September

Sports betting handle in Colorado for the month of February has grown 65% year-on-year

Sports betting palm inward CO for the month of Feb has grown 65% year-on-year.

However, despite maturation over the same month lastly year, February’s handgrip represents the lowest amount since Sept 2021, with Jan 2022 scene the all-time luxuriously for the land at $574m.

The tally amount wagered on sports betting inwards February was $441m, compared with $267m the previous year.

While the to the highest degree wagered sportsman was basketball, which attracted $156m worth of bets for pro competitions and a further $68m on college basketball, the Super Bowl was the most popular bingle event.

A sum of $41m was wagered on the game, which saw Los Angeles Rams arrogate victory o'er Cincinnati Bengals.

In 2021, the Super Bowl attracted $31m worth of bets, showing an step-up of 31% year-on-year.

Of all sports, football, or soccer as it’s known inward Frederick North America, saw the biggest growth inwards handle, with $18.9m wagered in February, representing an increment of almost 200%.

In terms of taxes, the body politic self-collected $314,000 from sports betting inwards Feb 2022, representing a 78% fall compared with January.

Year-to-date taxes remain firm at a current total of $7.9m, which represents a 92% increase o'er Feb 2021.

For the betting operators themselves, summate receipts gaming revenue (GGR) of $19.6m was earned during Feb 2022, representing a $9m, or 90% growth year-on-year. However, this fig dropped from the $34m revenue earned inward Jan 2022, representing a return of 44%.

Despite February’s sports betting palm existence the lowest since September, this isn’t needfully cause for concern.

The res publica of Volunteer State posted similar results for its sportsbooks, with January and March often seen as break months for sports wagering on the whole.