Home » Game News » Colorado reports that sports betting processing in May was $25.6 million

Colorado reports that sports betting processing in May was $25.6 million

Colorado reports that sports betting processing in May was $25.6 million

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The betting market for Colorado’s top sports betting began to be a sensation in May. This market will only grow stronger as more and more online sports betting goes online in the state and there are major sports events.

The Colorado State Gaming Control Board reported that since the start of the month on May 1, the total sports revenue for the month was $25.6 million. Due to the corona-related shutdown, retail sports betting was not opened in May.

According to news released by the Colorado State Revenue Department on Monday, the exact number for Colorado sports betting in May was $25,621,761. The highest sport in May so far is table tennis, with a hand prize of US$6,589,475. This is followed by mixed martial arts ($1,742,608), baseball ($1,656,613), football ($1,529,844) and golf ($1,423,684). Bets on "other" or unclassified sports reached $7,940,425 this month.

The total fee paid to players is $23,056,033, so Colorado’s sports betting revenue for the month was $2,565,729.

When the market kicked off, four online sportsbooks were put into use, and betting options were limited-only international table tennis and esports games were offered-because all major sports games were closed in mid-March.

Since its launch on May 1, the number of online sports betting has more than doubled. Retail sports betting has been reopened, but it will not be reflected until the June data is released.

More sports betting, more sports activities and open casinos

More online sports betting has been up and running. The sport is back-UFC and NASCAR started regular events in May, the PGA Tour returned in June, and MLB, NHL and NBA resumed their seasons in training camp.

Colorado has two top teams in the NBA (Nuggets) and NHL (Avalanches), and the Rockies will be an attractive option for Denver bettors when the baseball game begins 60 seasons.

Related: More information about Colorado sports betting and games

Since mid-March, the state’s casinos have been closed, but Cripple Creek’s casinos reopened on June 15 after obtaining approval from state health officials. In the new guidelines: First of all, only slot machines are provided, and the temperature of customers is checked. They must also wear masks.

Two days later, the Blackhawk Casino and Central City Casino opened under similar health and social isolation guidelines. Saratoga Casino Black Hawk accepted its first retail sports betting on June 17 at its sports betting, which is operated by Betfred USA.

According to the website of the Game Control Board, Monarch Casino Blackhawk joined Saratoga Casino Black Hawk as a retail sports betting in the state.

DraftKings opened a temporary retail sports betting in Colorado at the Mardi Gras Casino in Black Hawk on July 10. The temporary sports betting will be on the first floor of the casino, which is owned by Twin River Holdings.

Stockholm-based gaming company Betsson announced on June 29 that it has signed a ten-year agreement with the downtown Blackhawk Casino Dostal Alley Casino to provide sports betting. This will be Betsson's first entry into the growing US sports betting market.

The growing number of sports betting

On May 1, BetMGM, BetRivers, DraftKings and FanDuel were the first four online sportsbooks to publish their applications. Since then, BetMonarch (Monarch Casino Resort), FOX Bet, SBK, Circa Sports and BetWild have all joined the state-licensed website.

Circa has established a partnership with Century Casinos, a Colorado-based gaming company, which operates casinos in Cripple Creek and Century City, as well as other parts of North America. Circa does not intend to open retail sports betting in the Colorado casino, Colorado Springs Gazette report. According to published reports, British gaming company Amelco helped launch BetWildwood, the first online sports betting under the Wildwood Casino under Cripple Creek's online betting license.

On May 11, the carousel team announced that it had been approved by the Game Control Board and will soon launch sportsbetting.com in Colorado, According to the press release. The game company is working with Johnny Nolon's Cripple Creek casino.

Carousel Group said in a press release that it is expanding to other states. The company will expand its business in the United States later this year and open offices in New Jersey and Colorado.

The launch of SBK in early June was a milestone for Smarkets, the UK betting exchange that developed the app. According to a press release, this was its first appearance on the US platform after collaborating with casino operator Full House Resorts last year.

In early June, Sky Ute Casino Resort launched the mobile sports betting application Sky Ute SportsBook, which reached another milestone in the state. Although it was not approved by the state government, it is considered to be the first Native American Sports.

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