Colorado Sports Betting Revenues Hit $946,741, Even With Few Sports

Written by:
Don Shapiro
Published on:

May was a banner month for sports betting in Colorado.  It was the first full month of this offering after voters narrowly leaned in favor of the activity last November. 

*No hidden fees.  Everything for $5 per player
*Accepts Amazon Cards, Gift cards, Bitcoin
*Open an account in less than a minute
*2 Week Free Trial
*Hundreds of leagues, live betting - 99.9% uptime
*Mobile platform available
*Live dealer casino
*Offices in Costa Rica, Expansion into Philippines
*Mandarin Chinese, 日本人の, 한국, Fillipino, việt
Click here to visit PricePerPlayer.com

According to figures from the Colorado Limited Gaming Commission, bettors in the state wagered $25.6m on sports. This was slightly higher than the early figure of $25.5m that the Commission released at the start of June.

There was little to bet on outside NASCAR races and UFC matches.  The end of July will bring us Major League Baseball with the NBA and NHL set to play the entire month of August.

From Compare.bet:

Colorado’s sports betting market went live on 1 May with the launch of four online sportsbooks during the coronavirus pandemic. On 1 May, DraftKings, FanDuel, BetRivers and BetMGM launched their online sportsbooks in the state. Monarch Casino Resort’s launched its BetMonarch app on 14 May, followed by Fox Bet a week later.

On the tax front, sportsbooks paid a combined $96,537.55 to the state.

Surprisingly it was Russian table tennis that saw the most action.  Since that time a number of books have pulled lines on table tennis following concerns over fixed matches.

Mixed martial arts events came in second place after bettors wagered $1.7m.

Korean baseball was the third most popular sport to bet on with residents staking $1.6m on baseball events. The German Bundesliga joined a handful of other international soccer leagues the second half of the month with $1.5m was wagered on these contests.

SBC Webinars returns on Thursday 23 July, when leading sports betting and igaming software provider Digitain presents Finding Value in Untapped Markets – the Importance of Innovation in a Competitive Landscape. 

The session will see Digitain’s experts demonstrate how operators can extract maximum value from under-exploited sports, and examine the importance of having an effective research and development strategy in order to drive innovation in product development. 

After the unprecedented global events of 2020 exposed bookmakers’ barren market inventories as being overly reliant on saturated traditional markets to drive wagering volumes, the webinar will ask a critical question. Are operators and system providers too regimented in their approach and too reluctant to stray from the crowd with their product strategies? 

The Digitain team will also showcase its approach to R&D by detailing how the company reacted to changing consumer needs by launching its much talked about Table Football Odds Feed. The audience will learn how Digitain brought a niche sport to life for its betting partners, supported by live stream game feeds, deeper match data transfers, and enhanced pre-play and in-play odds for punters.  

While traditional markets will once again rule the roost as the professional sports world returns to something approaching normal, the webinar will explain why sportsbook operators should not neglect deeper market choice in an era when consumer demand is driven by instant need and reaction.  

The Digitain panel features: 


Simon Westbury, Head of Sales Department  

Tigran Grigoryan, Live Sport Responsible 

Edmond Ghulyan, Product Manager 


Peter Nolan, Strategic Consultant 

- Don Shapiro, Gambling911.com

Gambling News

Unmasked Man Removed in Handcuffs From Vegas Casino

Unmasked Man Removed in Handcuffs From Vegas Casino

Video of a gambler in Las Vegas being cuffed by security for refusing to wear a mask in the 4 Queens Casino has surfaced on The Sun website, not to mention headlining the Drudge Report.

"Evolve or Die": Tribal Chief Talks Draftkings Partnership in MI

"Evolve or Die": Tribal Chief Talks Draftkings Partnership in MI

Bryan Newland, chairman of the Bay Mills Indian Community, explained why his tribe was so quick to partner with Draftkings in an effort to bring legalized sports betting to Michigan.

PGA Tour Next Frontier for Gambling? Wirecard Processed for Mafia-Controlled Casino

PGA Tour Next Frontier for Gambling? Wirecard Processed for Mafia-Controlled Casino

PGA Golf is looking to make a major impact in the world of legalized gambling and sports betting.

Hill's Asher in Line of Fire Following Twitter Tirade Attacking Offshores

Hill's Asher in Line of Fire Following Twitter Tirade Attacking Offshores

VSiN's Gill Alexander @beatingthebook is the latest to lash out at William Hill CEO Joe Asher for his attack on the offshore sports betting industry.

Is Gambling a Business?

Is Gambling a Business?

Gambling is not just a business, but a multi-billion dollar worldwide business that people have been involved in one form or other since the beginning of time. However, nowadays it is a very serious business that earns people unprecedented amounts of money.