Colorado Becomes The Latest State To Smash Monthly Sports Betting Record

October has been a record-breaking month for many states across the United States and Colorado is the latest to post impressive numbers, particularly from their mobile betting sector.

There have been projections that the overall United States sports betting handle is set to double in 2021 from the previous year thanks to the huge success that has been born out of additional markets opening.

Both New Jersey and New Hampshire have recently posted record-breaking months and they have since been joined by Colorado, whose state sports betting handle increased to $491.4 million for the month of October. 

That represented a 20.4% increase on the previous record, which was recorded one month before in September 2021 at $408.3 million, according to the Colorado Department of Revenue’s Gaming Division.

The figures for October 2021 also exceed that of 12 months previous by 133.2%. The 2020 number undoubtedly took a hit due to the Covid-19 pandemic, with the sports betting handle sitting at $210.7 million. 

Perhaps the most eyebrow-raising statistic to come from all of the numbers that were released was the fact that 98% of the money wagered on sports throughout the state came from mobile devices. The US as a whole has seen a significant surge in users betting on their phones, none more so than in Colorado.

$483.3 million of the $491.4 million handle came as a result of mobile sports bettors, which in itself represented a 20% increase on the previous month’s mobile handle. That stood at $402.7 million and was also a record prior to the latest takings.

This has all coincided with one of the most busy times of the year within the sporting calendar in the US. It is a time where NFL, NBA and NHL seasons are all running, while Colorado itself has five teams competing in major leagues: Denver Broncos (NFL), Denver Nuggets (NBA), Colorado Rockies (MLB), Colorado Avalanche (NHL) and Colorado Rapids (MLS).

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About Dean Carr

Dean is a sports betting writer specialising in match previews and betting strategy for football and UK horse racing. Dean has a wide range of expertise, including betting previews, recommendations, tactics, and betting psychology.