Colorado sports wagers reach $2 billion mark in March
The state of Colorado has reached another milestone when it comes to legalized sports betting. The Colorado Department of Revenue’s Division of Gaming said that the total wagers reached $2 billion in March, which doubles the $1 billion that the state took in December, reports CBS Denver.
A statement released by the Division of Gaming showed that basketball ‘dominated the betting’ in March, since professional basketball brough in $106.9 million in wagers that were placed with retail and online operators while college basketball was in second place with %70.9 million. Followed by hockey with a total of $13.7 million, tennis with $10.8 million and soccer with $8.9 million.
The Division of Gaming also released data informing that the total handle for March came in at $300,990,842, a 12.9% increase over the prior month. Taxes collected by the state from sports betting wagers in the same month totaled $1,060,854.
Furthermore, mobile betting continues to account for a majority of the total betting handle, with 98% of wagers made online and 2% of wagers placed in a retail location.
Legal sports betting was introduced in Colorado in May of 2020.
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