World news – Colorado February Sportsbooks Follow Trend, Falling 18.5%

Colorado saw its first month of sports betting decline in February, but that was to be expected. It was a decrease of about 18.5% from January.

The February value of $ 266.5 million in Colorado was a decrease of about $ 60 million from $ 326.9 million in February January. Since launching on May 1, the Colorado market had grown every month. But with fewer days in the month and the end of the NFL season, nearly every state turned it down in February.

The Colorado mobile sports betting handle of $ 258.2 million was down 19.1%, down from January ($ 319.4 million) but still accounted for an impressive 97% of the deal on Monday, according to the state. February revenue (GGR) was $ 10.4 million, down 54.9% from January ($ 23.1 million).

What wasn’t impressive was the hold in February – 3.92%. In Colorado, it was 7.08% in January. For each of the previous four months in Colorado, the hold percentage was between 6.03% and 8.26%, which is close to the national norm.

Another online sports betting from Colorado will be launched this year come. On February 2, it was announced that ZenSports would be offering online sports betting for a new Central City Casino by Steve Boulter, expected to open in 2021.

Professional basketball was once again the most popular option for sports betting in Colorado, rising to 95 $ Million in February, up from $ 88.4 million in bets placed on online and retail businesses in January. Pro basketball was 35.7% of the total.

Professional football had $ 39.5 million under control, most of it from the Super Bowl. For Super Bowl 55 bets, the numbers released days after the game show $ 31.2 million in total stakes, $ 14.3 million in future bets, and $ 16.9 million in game day bets.

College basketball was the third most popular sport for bettors in February, but that $ 24.2 million was down about $ 15 million from $ 39.9 million in January. Expect college basketball betting numbers to rise in March and March Madness to go strong.

Table tennis was one of the few sports to see a $ 13 million increase in February, down from 11.8 Million dollars in January. Hockey was roughly flat at $ 9.5 million. Parlays came in at $ 39.9 million and “other” sports came in at $ 25.5 million.

At $ 266.5 million, Colorado ranks sixth among the states that already have February figures have reported. Illinois is usually the last country to report, and its numbers should get it in the top three. Here’s what the month looks like so far:

Although New Jersey easily remained # 1 in all of sports in February, it broke a series of three consecutive months of more than $ 900 million in sports, finishing February at 743 Million dollars ended. The state set the national record for total sports in December at $ 996.3 million.

Retail and online sports betting in Nevada had total revenue of $ 554 million in February, down from 14.3% up from $ 646.5 million in January.

The total amount of sports betting in Pennsylvania in February of $ 509.5 million was down 17 from the state record of $ 615.3 million in January, 2% back.

February was Michigan’s first full month of online sports betting (started January 22nd). The state reported an online handle of $ 301.8 million and a retail handle of $ 23.7 million for a total of $ 325.5 for the month.

The Indiana sports betting value was in February $ 273.9 million, down 21.4% from January when it was a state record of $ 348.2 million.

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