Daily Archives: October 10, 2023

Consumers in Colorado spent $306.1m betting on sports in August, an increase on the same month last year, while revenue was also higher.

Handle in Colorado was $15.5m ahead of $290.1m in August 2022. The monthly sports betting spend also surpassed the $281.1m wagered in July this year by 8.9%.

Players bet a total of $304.2m online during August, with the remaining $1.9m wagered via retail sportsbooks.

Baseball remained the most popular sport to wager on in Colorado, drawing $105.5m in bets. The state is home to Major League Baseball franchise the Colorado Rockies.

Tennis ranked second in terms of betting spend, with players wagering a total of $29.9m on the sport. Basketball followed with a $26.4m handle, while $53.5m was spent on parlay wagers in August.

Sports betting revenue remains level in Colorado

Turning to revenue, gross gaming revenue from sports wagering in August reached $25.9m. This was level with the same month last year and 3.6% ahead of the $25.0m generated in July..

Monthly sports betting handle in Iowa increased year-on-year to $245.8m in September but revenue in the Hawkeye State declined.

Players spending on sports betting in Iowa was 22.8% ahead of the $200.2m wagered in September 2022. The monthly handle was also 74.1% higher than $141.2m in August this year.

Of the total bet in September, $222.3m was spent online and $23.4m at retail sportsbooks across Iowa.

As for revenue, sports wagering net receipts for the month amounted to $24.1m. This was 5.1% lower than $25.4m in September last year but 78.5% more than $13.5m in August of 2023.

Online sports betting accounted for $20.9m of revenue in September and retail wagering $3.1m.

Diamond Jo Dubuque retains top spot in Iowa

Looking to individual operators, Diamond Jo in Dubuque and partner FanDuel remain out on front in Iowa. The partnership heralded $6.0m in revenue from $52.6m in total wagers in September.

Wild Rose in Jefferson and partner DraftKings placed second with $3.4m in revenue..