Colorado’s sports betting will generate $ 491.5 million in October; table tennis is still a big draw

Colorado’s online and retail sports betting games generated record bets of $ 491.5 million and revenue of $ 28.6 million in October.

This is the second consecutive month with a record handle, making October 2021 the most productive month since 2000 for legal betting.

The state barely became the fifth U.S. state to raise $ 500 million in legal sports bets in one month. The total number increased by 133% compared to October 2020.

Online and retail sports betting in Colorado accepted $ 491.5 million in bets in October, up 20% from a record $ 408.3 million in September. Online operators generated 98% ($ 483.3 million) of the stake, again demonstrating bettors ’interest in online gambling.

October offered bettors five full weekends of college football, as well as the opening of the post-baseball season and the Denver Nuggets and Colorado Avalanche seasons.

Pro football generated the most bets per month, with a handle of $ 171.2 million; basketball raised $ 63.3 million in stakes and college football stakes $ 51.2 million. After that, baseball generated $ 37.4 million, football $ 15.9 million, tennis $ 14.1 million, hockey $ 13.2 million and table tennis $ 10.3 million.

Analysts are confident that the state betting market will continue to grow, as PlayColorado’s chief analyst Ian St Clair explained: Overall, it points to a bright future for the industry. “