{"id":1597749,"date":"2024-10-03T09:27:36","date_gmt":"2024-10-03T13:27:36","guid":{"rendered":"https:\/\/www.sportscasting.com\/?p=1597749"},"modified":"2024-10-03T09:27:36","modified_gmt":"2024-10-03T13:27:36","slug":"in-august-colorado-sportsbooks-saw-their-handle-grow-21-7-yoy","status":"publish","type":"post","link":"https:\/\/www.sportscasting.com\/news\/in-august-colorado-sportsbooks-saw-their-handle-grow-21-7-yoy\/","title":{"rendered":"In August, Colorado sportsbooks saw their handle grow 21.7% YoY"},"content":{"rendered":"

In August, the Colorado Department of Revenue <\/a>reported a $372.4 million handle. That was a 21.7% year-over-year increase from their online and retail sportsbooks. Their handle from August 2023 was $306 million. College football and table tennis played major factors in Colorado\u2019s handle growing year-over-year.\u00a0<\/span><\/p>\n

Wagering on NCAA football totaled $14 million In August. The Colorado Buffaloes draw a ton of media attention with Deion Sanders as their head coach. Not to mention they have WR\/CB Travis Hunter who is playing 100+ snaps in each game. Wagering on college football in August was up $8 million year-over-year. Additionally, table tennis accepted $17.8 million in wagers for August 2024. That was a 43.5% year-over-year increase. The most ever for table tennis in a single month in Colorado.\u00a0<\/span><\/p>\n

Gross gaming revenue (GGR) was $33.2 million in August, up 28.3% year-over-year. Adjusted revenue was up 31% year-over-year at $24.5 million. Operators in Colorado combined for an 8.9% hold in August. There were $370.3 million in online wagers in August. Retail sportsbooks set a new high mark with a $2.1 million handle. In year-to-date sports betting, Colorado has accumulated nearly $20 million in revenue.<\/span><\/p>\n

How did each sport fare in August? <\/b><\/h2>\n

As expected, baseball dominated the rest of the sports betting market. They accepted $103.2 million worth of wagers. That was down roughly $2 million from the figures they saw in August 2023. However, the $103.2 million in wagers was up from the $94.6 million in July. Baseball\u2019s revenue of $4.2 million was the second highest in Colorado<\/a>.\u00a0<\/span><\/p>\n

Despite only being in the preseason during August, pro football took home the top revenue spot of $5.8 million. That was thanks to a generous 20% hold on $29.6 million worth of wagers. The NFL\u2019s revenue rose 17% year-over-year.\u00a0<\/span><\/p>\n

College football had a double-digit hold in August to generate $1.5 million in revenue. However, their revenue was down from the $1.9 million in August 2023. With the Olympics happening in August, Colorado collected another $8.9 million worth of wagers. That counted for their Summer Athletics category which was up $1.5 million from July.<\/span><\/p>\n

Wagering on parlays rose in August <\/b><\/h2>\n

In August, wagering on parlays accounted for $76.1 million of all the wagers placed in Colorado. That was up 19% from their figures in July and 42.2% year-over-year. Colorado\u2019s 13.3% hold on parlays led to $10.1 million in operator revenue. This was a 5.7% year-over-year increase. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In August, the Colorado Department of Revenue reported a $372.4 million handle. That was a 21.7% year-over-year increase from their online and retail sportsbooks. Their handle from August 2023 was $306 million. College football and table tennis played major factors in Colorado\u2019s handle growing year-over-year.\u00a0 Wagering on NCAA football totaled $14 million In August. The […]<\/p>\n","protected":false},"author":304,"featured_media":1597753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[447316],"tags":[],"class_list":["post-1597749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting"],"acf":[],"yoast_head":"\nIn August, Colorado sportsbooks saw their handle grow 21.7% YoY<\/title>\n<meta name=\"description\" content=\"In August, the Colorado Department of Revenue reported a $372.4 million handle, a 21.7% year-over-year increase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sportscasting.com\/news\/in-august-colorado-sportsbooks-saw-their-handle-grow-21-7-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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