Gambling Software and Pay Per Head News
From June to July this year, sportsbooks in Colorado saw a decrease in sports betting activity. From $350.4 million in June, the handle dropped by 8% to $320.3 million. This is quite common during this time of year and is nothing to worry about. Especially since gross revenue in the state went up despite the […]
One of the requirements to become a bookie is to know everything you can about sports betting- not just the mechanics, but also the industry. Keeping track of the many betting markets can help you identify betting trends and other information you will need to efficiently manage your sportsbook. For instance, seeing Colorado sportsbooks record […]
On Thursday, the Colorado Department of Revenue reported that online and offline sports betting locations experienced a 5.6% increase in action from December to January. Specifically, $547.1 million worth of bets were placed during the Centennial State’s first month of 2023 — an increase of roughly $29 million or 0.1% on the tax bill for […]
Sports betting in Colorado has a higher revenue in July, even though the state records a lower month-on-month handle. According to the Colorado Division of Gaming’s report, the total sports betting handle for Colorado is at $258.4 million this July. This is much lower than June’s $313.3 million by around 17.5%. Meanwhile, gross revenue for […]
Another state across the country reports a lower betting handle than the previous month. Consistent with market trends, the Colorado sportsbook industry saw a decrease in handle. Sportsbooks reported a 22.4% decrease in handle in April from March. March’s total sports betting handle was at $505.6 million, while April’s total sports betting handle is at […]
Back in November 2019, Colorado residents filled out their ballots, with the question on legalizing sports betting in it. The vote is in the affirmative, which prompted the state to work hard to open sports betting in Colorado. By May 1, 2020, in the midst of a pandemic, sportsbooks opened their doors to take in […]