Sports
Colorado Sports bets Hits Record $ 657 million in January, basketball is at the forefront
Colorados sports betting industry had a historic January, with several records. An amazing $ 657 million was used, making it the highest monthly handle ever registered in the state. Not only gamblers placed more assistants than ever, but also Sports books also saw record -breaking incomeAnd Contributions from the state tax reached a record high.
But what was the most noticeable? Despite the NFL -Splay -OnTs are in full swingColoradans bet the most basketball. While the Denver Broncos early exit in the wildcart round against the Buffalo accounts can suggest a shift in gambling interest, this trend is nothing new. In the past five years in Colorado, basketball bets has overtaken the NFL during the late season.
Breaking Handle Record for the third month in a row
Colorados Gokstoot was not just a one -off event. January marked the third consecutive month of Record -breaking gambling volume.
After a nearly year waiting, The $ 600 million marking was crossed for the first time in October 2024When sports books one $ 601 million handle. From there the momentum continued:
- November 2024: $ 647.9 million used.
- December 2024: $ 648.4 millionAnother increase.
- January 2025: $ 657.1 millionSet a new record.
January not only led new heights, but also Colorado Sportsbooks also reported their highest income ever, at $ 60.9 millionwhile State taxes were $ 4.4 million.
This series of record -breaking months highlights Colorados Growing sports betting marketClosing his position as an important player in the American gambling industry.
Basketball bets in January: a tradition in Colorado that will not admit
Since the launch of legal sports betting in Colorado in 2020, basketball has repeatedly started top sport in January. Historically, the NFL was the most furnished sport during the regular season from September to December, but basketball took over consistently in January. There were only two exceptions:
- September 2020 Baseball was the most used sport that month.
- 2022 season That year the NFL only dominated bets in September and October, while basketball already took over in November. This shift coincided with the dominant season of the Denver Nuggets, which ultimately led to their first NBA championship.
The combination of NBA matches in the regular season, the NCAA conference game and the Nuggets Rising Success held basketball in the forefront of the gambling scene of Colorados in this crucial time of the year.
More than $ 31 million deployed on table tennis
While Basketball bins were leading the way” Table tennis emerged as an unexpected favorite Under Colorado gamblers.
In January:
- Basketball responsible 27.1% of the bets (NBA) and 7.9% (Basketball college), in total $ 230 million.
- Parlays formed 24% of all bets.
- NFL bets was arranged third with 18.2% of the bets.
- Surprising, Table Tennis accounted for 4.8% of all deployment, a total of $ 31.5 million.
To put this in perspective, the Australian Open – One of the largest tennis events of the year – just responsible 4.2% of all betswhich means that more money was gambled on it Table tennis then on regular tennis.
Expansion of top sports by gambling gambling
| Sport | Handle ($) | Percentage of the total bets |
|---|---|---|
| Basketball (NBA) | $ 178,006,627 | 27.1% |
| College Basketball | $ 52.091.982 | 7.9% |
| Parlays | $ 157,638.017 | 24% |
| NFL | $ 119,889,072 | 18.2% |
| Table tennis | $ 31,718,384 | 4.8% |
| Tennis | $ 27,552,102 | 4.2% |
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Sources 2/ https://sportshandle.com/colorados-historic-betting-surge-why-basketball-stole-the-spotlight-over-the-nfl/ The mention sources can contact us to remove/changing this article |
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