Colorado sportsbooks showed significant growth in betting activity in September, with the state reporting a total betting handle of $562.9 million. This marks a 9.7% increase in wagering compared to the previous year. The figure represents a substantial 51.1% jump from August, primarily attributed to the NFL season’s return.

The state generated $55 million in gross gaming revenue (GGR) during September, contributing over $4 million in tax revenue. If you can capitalize on the active football betting market and use your pay per head bookie software efficiently, you can easily earn a lot as well.

Colorado Sportsbooks Get Boost from NFL Betting

Breaking down the betting activity by sport, NFL betting dominated the market with a handle of $173.1 million, representing over 30% of all wagers and generating $10 million in revenue. This marked an increase from September 2023’s NFL handle of $157.4 million. However, the NFL’s revenue hold was relatively modest at 5.8%, compared to other sports like soccer which achieved an 8.7% hold.

If you want to make better NFL bets to win more, you can use sportsbook bonuses to your advantage. You can also use these to win big betting on other sports.

Baseball emerged as the second most popular betting sport, recording $68.9 million in handle, though this represented a 33.1% decrease from August’s $103.2 million. College football gained momentum with the season in full swing, attracting $42.3 million in bets. Tennis and basketball followed closely with handles of $42.0 million and $33.0 million respectively. If you want to avoid mistakes bookies make, do not underestimate other sports. Other notable sports, while not as large as football, still generated generous revenue, such as:

• • Soccer: $27.4 million handle, $2.3 million revenue
  • Table Tennis: $17.8 million handle, $1.5 million revenue
  • MMA: $3.9 million handle, $1.1 million revenue
  • Golf: $1.5 million handle, -$14,987 revenue
  • Ice Hockey: $1.1 million handle, $166,165 revenue

Online Versus Retail Betting

While online betting thrived with a handle exceeding $558.07 million, retail sportsbooks experienced a slight decline. Retail sportsbooks recorded $4.84 million in handle, down 0.5% from the previous year. This contrasting performance highlights the growing dominance of online betting in Colorado’s market, as local Native American tribes continue their efforts to launch online betting platforms.

However, online sports betting is always the primary platform that bettors use for sports betting. While retail betting has its appeal with the ambiance, online betting is more practical. With your online sportsbook, you can easily place wagers from anywhere you are. From your phone, laptop, or tablet, you can browse through sportsbooks to find the best betting lines available. In fact, it’s so easy, that you can also create your own online sportsbook using the same device you use to place bets.

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