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Colorado Bookie Industry Hits $461.4 Million Betting Handle in December

Colorado Bookie Industry Hits $461.4 Million Betting Handle in DecemberThe Colorado bookie industry hits past the $450 million mark in sports betting in December. While the handle is lower than November’s it should reassure those who are in the process of becoming a bookie that the year-on-year data is still nothing short of amazing. The total sports betting handle for November 2021 is at $475.4 million, which drops by 2.9% to December’s $461.4 million. But, the December 2021 handle is 62.2% higher than December 2020’s handle of $284.6 million.

Naturally, the bulk of the handle comes from online sportsbooks. Which is why when it comes to sports betting, many are getting bookie pay per head software to use to run their sportsbooks online. Out of the $461.4 million, $454.9 million come from online sports betting. This accounts for 98% of the total handle. This is 3% lower than November’s online sports betting handle of $469 million. But it is still 62.2% higher than December 2020’s $280.4 million handle.

Colorado Bookie Industry Numbers for 2021

Colorado bookies were able to collect a gross gaming revenue (GGR) of $24.7 million for December. This is 32.8% lower than November’s $36.8 million. It is, however, still marginally higher than December 2020’s $17.2 million by 44.2%. In terms of revenue, the highest monthly record for Colorado was November 2021. This wraps up the year for the state, where the total sports betting revenue for 2021 is at $250.1 million.

The total sports betting handle for Colorado in 2021 is at $3.8 billion. $3.7 billion of the total annual handle comes from online sports betting. The handle is more than triple of 2020’s annual handle of $1.2 billion. With the pandemic seeming to reach the end, and sports events are becoming more regular, there will be more and more events for the public to bet on. And given how the pandemic has introduced mobile and online businesses, online sports betting will continue to thrive in the years to come.

 

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