Colorado sports betting spikes in August with $212M handle, among pacesetters in the U.S.

Colorado sports betting spikes in August with $212M handle, among pacesetters in the U.S.

Article brief provided by The Gazette
  • Dennis Huspeni, The Gazette
September 28, 2021 1:14 AM
  • Dennis Huspeni, The Gazette

Sports betters plunked down almost $212 million worth of bets in Colorado in August, up 17% from the prior month and 65% from August 2020, according to the Colorado Division of Gaming Monday.

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Of the $211.92 million wagered, sports book companies paid out $196.69 million to betters, the report states. The state collected $726,365.67 in taxes on that money. Since sports betting started in May 2020, after being made legal by Colorado voters, more than $3.20 billion has been wagered.

PlayColorado.com, which tracks regulated online gaming nationwide, reported Colorado has become just the sixth state to haul in more than $3 billion in lifetime bets. It also has more online operators, 26, than any other states.