Colorado sportsbooks are reporting a lower sports betting handle for February. While this may seem worrisome to those new in the industry, February historically has lower handles than the previous months. With a shorter month plus less NFL games to wager on, sportsbooks expect the handle to be lower than the peak season. But for those who are looking to get into the sports betting business, keep on finding the right sportsbook pay per head for you. Despite the slump, the sports betting industry is still doing very well.
Let’s take a look at Colorado’s numbers. For February, the state’s sportsbooks have a total monthly sports betting handle of $440.508 million. This is 23% lower than January’s $573.720 million. As usual, mobile sports betting takes in the majority of wagers at $434.925 million. This is 23.3% lower than January’s 567.107 million. But with the Denver Nuggets ranking 5th place in the Western Conference, residents will enjoy betting on basketball this season.
Colorado Sportsbooks: What People Are Betting On
For February, basketball is the most bet on sport in local sportsbooks. Professional basketball betting takes in $155.6 million, while collegiate basketball takes in $68.2 million. A lot of pay per head bookie sportsbook owners are seeing a lot of NBA action, especially now that we are closing in on the playoffs. And since the Denver Nuggets are doing well this season, we expect a lot of locals to wager on the team.
However, bettors should note that the Nuggets are 36-43 ATS, covering at just 45.6%. So check the odds on Nuggets games and be careful of betting against the spread. But if you are looking at prop and future bets, Nikola Jokic can be a winning bet for many who are betting on Jokic to win the MVP this season. Jokic is currently the top favorite in some sportsbooks at -310. Aside from NBA betting, local bettors can also support their local hockey teams as the Pioneers are headed to the Frozen Four, while the Avalanche currently have the best record in the NHL at 49-14.