Colorado sports activities gaming business grosses over $ 1 billion in bets – CBS Denver – BollyInside


DENVER (AP) – Colorado’s new sports betting industry grossed nearly $ 1.2 billion in bets from May to December 2020. This is despite the fact that the industry was legalized in the state as of the 1 st. May, when few professional sports were organized due to the closures of the coronavirus pandemic.

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The State Department of Revenue said Monday that Colorado residents placed a record $ 284.5 million in bets in December, its largest month of 23%. American football was the most lucrative sport with almost $ 90 million in wagers.

The state claims to have collected more than $ 3.4 million in sports betting taxes in 2020.

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