Colorado’s handle passes US$ 300M in August
Thursday 12 de October 2023 / 12:00
2 minutos de lectura
(Colorado).- The summer slump for legal sports betting is over. Thanks to September baseball and football season, legal betting states are seeing an uptick in action.
Colorado's Department of Revenue announced that the state's online sports betting sites accepted $306 million in wagers in August, an 8.8% monthly increase. And, after paying out winning tickets, the sportsbooks kept $25.8 million, an 8.4% hold. An 8.8% hold was reported in July.
The drop in hold hurt Colorado sports betting operators more than the state’s coffers. Sportsbooks reported $18.6 million in net receipts, slightly less than July’s $19 million. But, the state’s tax bill hit $1.8 million, slightly higher than July’s $1.7 million.
Retail books buoyed by football
While the online books won in nearly every sport (except for MMA), the brick and mortar operators were lucky to be profitable.
As a whole, bettors who went to a physical location beat the sportsbooks. Seven of the top 10 sports Coloradans bet on were profitable for retail bettors. And yet those books netted $244,000 in August and reported a 13.1% hold.
The reason was that these same bettors had disastrous luck in their football bets. Sportsbooks reported a 39% hold in pro-football wagers, and an 87% hold in college football.
That being said Coloradans did not see football as their go-to sport. Instead, baseball led all sports with 34.5% of the statewide action, followed by tennis (9.8%), basketball (8.6%), and soccer (6.7%).
Categoría:Gaming
Tags: Sin tags
País: United States
Región: North America
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.