It was a brutal June for Colorado sports betting as revenue fell 70% from May.
The latest Colorado Department of Revenue report shows operators generated $9.2 million in gross gaming revenue (GGR). As a result, state taxes plummeted from $2.2 million in May to just over $441,000 in June.
Sports betting handle stood at $310.7 million for the month, down from $385.2 million generated last month. Similarly, Colorado online sports betting and retail wagers were both down significantly.
The 10 retail sportsbooks experienced the most significant drop going from $216,433 in revenue to -$674,061. Last month, Colorado was one of three states with an operator win rate below 10%. In June, the state saw its win rate drop to 2.97%.
