The Colorado Department of Revenue reported $509.5 million in sports betting handle for April on Friday, the eighth consecutive month wagering has topped one-half billion dollars.
The Centennial State wrapped up its fourth year of legal commercial wagering by becoming the sixth state to surpass $18 billion in all-time handle, joining New Jersey, New York, Nevada, Illinois, and Pennsylvania. The $2.24 billion in wagering through the first four months of 2024 is up 18.7% versus the same period last year.
Gross sports betting revenue for April totaled $32 million — down 8.9% from last year — as operators crafted a hold of 6.3%. Revenue was also down 28.9% compared to March’s haul of $45 million. Wagering via the state’s sports betting apps totaled $507.1 million, with operators attaining a 6.4% hold to keep $32.2 million of that action.
Retail sportsbooks posted a loss for the second time this year as the public came out $160,200 ahead on $2.4 million worth of bets placed. Brick-and-mortar sportsbooks located in Black Hawk, Central City, and Cripple Creek have won only $51,000 from $14.1 million in handle this year — creating a hold below 0.4%.