The latest monthly earnings report from the Colorado Division of Gaming revealed that licensed sports betting operators in the state accepted $313.2 million in bets during the month of June.

The latest numbers represent a 13% drop from the $360.3 million wagered in May. Mobile sportsbooks accounted for just over 99% of all wagers, with online sportsbooks accepting $310.3 million in wagers.

Sports betting reported gross revenue of almost $6.8 million and a winning percentage of just 2.2%. This was the second-lowest winning percentage on record with only the September 2020 rate lower by 2%. As a result, the adjusted revenue loss for the month was $1.9 million, with August 2020 being the only month in state history with larger net losses ($3.4 million).

Despite an overall net loss, the state still collected $286,280 in taxes for the month. This brings the year-to-date tax total to more than $6.2 million.

Baseball was the most popular sport in local sports betting, with players betting more than $106.4 million on MLB. Basketball came a long way behind, attracting $44 million in wagers. Ice hockey was the second most wagered sport with $29 million wagered ahead of tennis with $23.4 million wagered.

Total wagering for the state since the launch of Colorado sportsbooks in May 2020 now stands at just over $7.6 billion.

Image credit: Al Case / CC BY-NC-ND 2.0

Jenny Tang

Global iGaming Analyst based in New York.

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