Colorado sports betting slows to lowest since August 2020

Colorado sports betting slows to lowest since August 2020

Article brief provided by The Gazette
  • Wayne Heilman, The Gazette
September 6, 2021 8:36 PM
  • Wayne Heilman, The Gazette

Not even baseball’s All-Star Game in Denver could capture enough bettor interest to overcome the absence of major sports during most of July as Colorado’s sports betting handle dropped to an 11-month low.

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The $181.3 million bet in July was down 21.1% from June and was the lowest monthly total since sports wagering totaled $128.6 million in August 2020, the Colorado Division of Gaming reported. The July total was still more than triple the $59.2 million wagered in July 2020, which was only the third month of legal sports wagering in Colorado and was before most major sports had resumed playing amid the COVID-19 pandemic.

Baseball dominated the wagering with $61.1 million in bets during July, or about a third of the total, followed by basketball with $27.2 million (two games of the NBA finals) and soccer with nearly $14 million.