Colorado became the seventh state to surpass $7 billion in sports wagering handle in the post-PASPA era after the state’s Department of Revenue on Thursday reported more than $360 million in wagers for May.
The $7.3 billion wagered since operators first began accepting bets in May 2020 puts the Centennial State in select company. It joins New Jersey, Nevada, Pennsylvania, Illinois, Indiana, and hard-charging New York among states to clear that milestone. Nearly $2.3 billion of that handle was generated during the first five months of 2022.
May’s handle was 8.2% lower than April’s figure of $392.3 million, an expected drop that comes with the sports schedule. Operators had a far better month in terms of results, though, as a 7.5% hold resulted in more than $27.1 million in gross revenue, an increase of 20.1% versus the previous month.