In February 2021, the gross gaming revenue from sports betting reached a staggering $19.6 million, representing an impressive increase of 88.5% compared to the $10.4 million recorded in the same period.
The sports-betting revenue for the month of February in Colorado was $19.6m, which is a 43.4% decrease compared to the $34.6m reported in January by the Colorado Department of Revenue.
In the world of sports betting, online platforms came out on top, generating a substantial revenue of $19.6 million. However, the story was different for retail sportsbooks, as they suffered a loss of $36,124.
The total amount wagered on sports in February was $440.5m, which increased by 65.3% compared to last year.
This surge in sports betting indicates a growing interest and participation in the activity.
With such a significant increase, it is clear that more individuals are finding enjoyment and excitement in wagering on sports events.
This rise in betting also reflects the potential economic benefits that can be derived from the sports-betting industry.
As people continue to engage in sports betting, it is likely that the overall amount wagered will continue to grow in the coming years.
