The sports betting handle for Colorado for April is not spared from an market-wide drop for the month. Much of what you will read in sportsbook pay per head news will talk about the increase in action during March Madness which results in a lower handle for the following month. But unless you are losing money in your sportsbook, this is normal, and is something that the whole industry experiences.
For Colorado, the total sports betting handle is at $244.4 million, which is 18.3% lower than that of March’s $300.1 million. Colorado’s betting market is consistently growing, and this is only the second time that the state experienced a slump in its month-to-month handle. April also marks the first anniversary of sports betting in the state. For its first year, Colorado has a total of $2.3 billion worth of wagers.
Sports Betting Handle for Colorado
For those new to the sportsbook pay per head industry, you should take note of the mobile sports betting trends in each state. This gives you an idea on how the online sports betting market is doing. For April in Colorado, the mobile handle is $241.9 million. This is 18.1% lower than March’s $295.2 million. However, its worth noting that this number takes up 99% of the total handle of the state for the month.
As for what people like to bet on in Colorado, April’s numbers show basketball as the most popular sport that people bet on. The NBA was the top league, with $84.3 million wagered. College basketball has $6.8 million, with the championship games taking place during the first week of April. The MLB was the second top league people bet on, with a handle of $48.3 million. This number could even go higher as baseball season is now in full swing. If you still do not have a sportsbook site, then here is how to find a pay per head bookie. The next few months will definitely be very profitable for sportsbooks everywhere as more events resume.
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