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Betting income in Colorado in the first month is $ 946,741

 


The sports betting market regulated by Colorados generated sales of $ 946,741.34 in May, the first full month of legal betting in the state of Centennial.

In total, players wagered $ 25.6 million, slightly above the $ 25.5 million starting amount released by the Colorado Limited Gaming Commission for six mobile sportsbooks in early June. This came despite the new coronavirus pandemic (Covid-19) that shut down the states’ physical casinos all month.

Four of these DraftKings, FanDuel, Roar Digitals betMGM and Rush Streets BetRivers went live on May 1, the day the market opened. The Monarch Casino Resorts BetMonarch app was then launched on May 14, with The Stars Group through the Fox Bet brand, and followed on May 19.

Players recovered $ 23.1 million during the month, and after adjustments, revenue was $ 946,741.34. Of the 10.1% gross income tax, the first few months came in at $ 96,537.55.

In terms of what customers actually bet on, the market was significantly limited. Covid-19 had closed the National Basketball Association (NBA), Major League Soccer (MLS) and delayed the start of the Major League Baseball (MLB) season, while all major European football leagues had also been suspended.

As a result, table tennis turned out to be the most popular sport by far, with customers betting $ 6.6 million, or 25.7% of the amounts bet in May. Mixed martial arts followed in second place, at $ 1.7 million (6.8%), before baseball at 6.6%.

Read the full story on iGB North America.

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