Colorado posts negative net sports betting revenue for June

Colorado posts negative net sports betting revenue for June

Article brief provided by Sports Handle
  • Chris Altruda, Sports Handle
August 2, 2022 9:27 PM
  • Chris Altruda, Sports Handle

The Colorado Department of Revenue reported a negative adjusted revenue total for sports wagering in the month of June on Tuesday, the second time that has happened in the last five months.

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The Centennial State previously posted an adjusted revenue loss of more than $1.1 million in February, though states are in more jeopardy of finishing in the red that month given the potential of Super Bowl wagering drastically altering operators’ bottom lines. The adjusted revenue loss of more than $1.9 million in June trailed only the nearly $3.4 million loss from August 2020 in the 26 months Colorado has had legalized wagering.

In terms of gross revenue, operators totaled nearly $6.8 million from more than $313.2 million handle in June.