Colorado Sportsbook Handle Nearly Doubles in June
- Colorado sports wagerers increased the amount wagered by 48.8% from May to June.
- 24% of all money wagered in June was on Table Tennis, the most out of any other sport.
- It is likely that CO sportsbook handles will continue to grow for the foreseeable future.
Denver, Colorado — The numbers are in and it is official, Coloradans love betting on Ping-Pong, at least they did in June. A report from the Colorado Dept. of Revenue’s Gaming Enforcement Division showing which sports residents bet on in June has revealed that the unlikely sport of Ping-Pong had a total wager amount of $9,148,983.78, a figure that far outpaced the second most wagered on sport, Soccer, which brought in a meager $4,136,068.79 in comparison.
The Total Amount Wagered in CO Nearly Doubled From May
The previous installment of the report from May showed a total wager handle of $25,621,761.63. The June report published a total of $38,136,949.16 making for a 48.8% increase in the total amount of money wagered on sports in the Centennial state in one month.
This may not be as starling a figure as it may seem on the surface. With legal sports betting still being relatively new to the state it is likely that the figure will continue to rise dramatically month by month until the industry in the state plateaus after the market matures.
Why Did Coloradans Wager So Much on Ping-Pong in June?
The simple explanation here would be that Coloradans really like Ping-Pong, but we know that is probably not the case. Rather the reasoning may be yet another symptom of the ongoing corona pandemic sweeping the nation.
Most major sporting leagues still being out of regular session in June, there was just not much to bet on. This may have led bettors in CO to look for alternative sports to place their bets with.
One thing is for sure, with the return of major sporting leagues like the MLB Colorado residents will surely return to traditional sports wagering.