College Football, Table Tennis Drive Colorado’s Year-Over-Year August Handle Increase

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College Football, Table Tennis Drive Colorado’s Year-Over-Year August Handle Increase
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Colorado reported an August handle of $372.4 million, up 21.7% from the same month in 2023 while gross revenue spiked 28.3%.

The Centennial State reported an August handle of $372.4 million, up 21.7% from the same month in 2023 while gross revenue spiked 28.3%.The Centennial State’s online and retail sportsbooks took in 21.7% more wagering dollars compared to Aug. 2023. The Colorado Department of Revenuekicking off the 2024 season on Aug. 29, the NCAA football handle totaled $14 million, up $8 million year-over-year. Table tennis provided $17.8 million in wagers, a yearly increase of 43.

Operators handed nearly $2.4 million in taxes over to the Centennial State, which has accumulated nearly $20 million in revenue from sports betting year-to-date. Sportsbooks weren’t able to turn in the same double-digit hold that it produced in July, despite the improved handle. Baseball continued its expected dominance among Colorado sports, bringing in $103.2 million in wagers — down about $2 million from the same month last year but up from the $94.6 million totaled in July. Revenue of $4.

Operators also enjoyed a double-digit hold in college football, which generated $1.5 million. However, the extra wagering helped a revenue total down from the $1.9 million produced in Aug. 2023.

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