Colorado Sportsbooks Took Over $38 Million in Wagers in June

Colorado sportsbooks took more than $38 million in wagers in June, a nearly 49% increase over its total for May, the first month of legalized sports betting in the state.

Legal Colorado sportsbooks opened for the first time on May 1, 2020, at a time when U.S. professional sports leagues were canceling or postponing their seasons due to the pandemic. Despite the lack of mainstream sports to bet on at the time, CO sports bettors placed more than $25.6 million in bets that month, a figure nearly all observers said indicated good things to come for the budding market.

June 2020’s numbers are even more impressive, considering most pro sports leagues are either just starting up again or are poised to this week. Net proceeds from sports betting collected by the State of Colorado for June totaled $217,023.40 on a total house take of $3,484,014.61. The revenue totals for June are nearly entirely from online apps, since casinos were closed for half of June and only a small portion of Colorado casinos had opened their retail sportsbooks by the end of the month.

Breakdown Of Colorado Sports Betting By Sport, June 2020

For the second month in a row, table tennis dominated the wagering. CO sportsbooks took in just under $9.15 million in table tennis bets for June. Soccer was a distant second at $4.13 million, with golf, MMA, and tennis rounding out the top 5.

This represents something of a shift from last month, although table tennis remains in the top spot. New to June’s top 5 is tennis, with baseball dropping to the sixth spot after claiming the third ranking in May.

“Other” bets took in more than $10.5 million for June. The Colorado Limited Gaming Commission said that category includes sports that didn’t make the top 10, including “rugby, ice hockey, snooker, and NCAA futures bets.”

June 2020 Colorado Sports Betting Revenue Numbers

SportTotal WagersPayments to PlayersHouse Take/Loss*
Table Tennis$9,148,983.78$8,613,560.58$535,423.20
Soccer$4,136,068.79$3,847,441.38$288,627.41
Golf$3,436,743.27$2,966,895.68$469,847.59
MMA$2,159,115.52$2,151,447.24$7,668.28
Tennis$1,336,627.89$1,276,160.05$60,467.84
Baseball$1,238,543.27$1,201,296.48$37,246.79
Motorsports$617,682.93$519,181.19$98,501.74
Basketball$442,545.77$331,842.40$110,703.37
Boxing$315,552.20$278,328.73$37,223.47
Football - Pro American$94,436.80$3,106.88$91,329.92
Parlays/Combinations$4,673,441.21$3,881,682.92$791,758.29
Other$10,537,237.73$9,581,991.02$955,246.71
Total$38,136,949.16$34,652,934.55$3,484,014.61

According to the Colorado Division of Gaming, the June numbers comprise wagers placed at six internet operators and one retail sportsbook. The division said in a news release that it expects the state’s sports betting handle to increase in the months ahead.

Additional internet operators and retail locations have recently entered the market, and the Division anticipates seeing another increase in total wagers in the coming months as additional offerings are made available to the Colorado bettor, and major sports leagues resume play.

About the Author

Chris Nesi

Chris Nesi is Managing Editor of Colorado Sharp. He’s been an editor and writer for more than a decade, with experience spanning newspapers, magazines, digital news, and commercial writing. His work can be found in publications including TechCrunch, Mental Floss and Huffington Post. Chris lives just outside of Denver and enjoys regular trips to Black Hawk. He bets the hard ways and always splits 8s.