Colorado online sports wagers dwarf retail action in February; books hold 4.5%

Colorado online sports wagers dwarf retail action in February; books hold 4.5%

Article brief provided by CO Bets
  • David Huber, CO Bets
April 21, 2022 10:24 PM
  • David Huber, CO Bets

Colorado online sportsbooks saw a huge spike in action related to professional and NCAA basketball during the month of February 2022, according to recent figures published by the CO Department of Revenue.

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Professional basketball garnered a total of $155.6 million in wagers for the month, with NCAA basketball coming in second place with $68.2 million in total bets. Pro football was the third-largest market for Colorado sports bettors in February (thanks to Super Bowl LVI), with $31.4 million in state wagers recorded, followed by ice hockey ($24.1 million) and soccer ($18.9 million).

In all, Colorado sports bettors placed $440.5 million in total bets during the month. Almost all of those wagers ($434.9 million) were placed online.