Gross gaming revenue for sports-betting in the month amounted to $10.4m, which is a significant 55.0% decrease from the record-breaking $23.1m reported in January.
Online revenue in sports betting reached $11.0m for the month, however, the overall figure was pushed down due to a loss of $547,436 from retail sports betting operations.
Below is a breakdown of the revenue:
| Source | Revenue |
|---|---|
| Online sports betting | $11.0m |
| Retail sports betting | -$547,436 |
Colorado sports-betting saw a decline in February as consumers wagered a total of $266.5m. This marks an 18.5% drop from January’s $326.9m and represents the lowest monthly amount since November last year.
Colorado’s sports-betting market experienced a setback as it failed to set a monthly handle record for the first time since its opening in May 2020.
In February, basketball dominated the sports betting arena, attracting the most wagers from consumers as they placed bets totaling $95.0m.
| Sport | Total Wagered Amount |
|---|---|
| Basketball | $95.0m |
Sports betting has gained significant popularity in recent years, especially in North America.
It is important for bettors to stay updated on the latest developments in the industry.
iGB North America provides comprehensive coverage of the sports betting market, offering insightful articles and news.
By reading the full story on InnovateChange North America, sports bettors can access valuable information to enhance their betting strategies.
