Majority of Colorado Betting Handle Done Online

In the latest in sports betting and casino news, Colorado’s sports betting market continues to do better in September. Especially with the MLB playoffs and the NFL starting its season. In fact, September’s handle is another record the state set with a $207.65 million handle. And out of the multimillion Colorado betting handle, 98% of the wagers are made online.

Bookie pay per head software providers are enjoying an extra boost in online wagers. This is mostly due to the coronavirus pandemic shutting down retail sportsbooks and keeping people home. And in Colorado, online bets are definitely the preferred method of betting.

Colorado Betting Handle

The betting handle of the state is 61.4% than August’s at $128,646,209. Looking at the online wagering numbers, the mobile handle is $203.8 million. This is 60% higher than August’s $126.7 million. Retail sportsbooks report a handle of just below $3.8 million. Revenue for the month is $4.16 million. This is 44.6% lower than August’s revenue of $7.5 million. The win percentage for the month is 2.01%.

Looking at the popular gaming options that you can see such as NetGame Entertainment software and other sportsbooks, baseball is one of the top sports people bet on this month. In Colorado, $47.1 million worth of wagers were for baseball, followed by football at $38.6 million. Basketball is the third most popular sport people bet on with a $37.7 million handle, Hockey following suit at $11.4 million. Table tennis was popular with $5.3 million in handle, and the other category at $20.7 million.

Colorado Sports Betting

The market is doing great, but the pickings might be less than usual. The NHL is over as the Tampa Bay Lightning wins the Stanley Cup, and the Lakers win the NBA championship title. These two sports leagues being over will have an effect on the October handle. But still, given that football season is in full swing, action from NFL and college football betting may pick up the slack.