Table Tennis Dominated Colorado Sports Betting In June

Posted By Grant Lucas on July 31, 2020 - Last Updated on February 23, 2021

If this is how Colorado sports betting performs without major sports in action, the Centennial State is sure to put on a show in the next few months.

The Colorado Division of Gaming released the revenue report for legalized sports betting in June, and it did not disappoint.

With six Colorado betting apps and one retail sportsbook in operation, the Colorado industry generated $38.1 million in wagers that resulted in nearly $3.5 million in revenue.

Note that the majority of this action did not stem from the major American sports, as MLB did not get its season going until mid-July, the NBA resumed its season July 30 and the NHL returns to action in early August.

And with the NFL still targeting a September kickoff, Colorado could certainly see the trend continuing upward.

May is nice, June is better for Colorado sports betting

The Centennial State’s first month of regulated wagering provided ample optimism for stakeholders. After all, with mostly niche sports available, bettors in Colorado still combined for $25.6 million.

Of course we expected to see this budding industry flourish — though perhaps not this quickly.

With more betting options becoming available in the state, bettors helped the total handle jump 49% from May to June.

Colorado does not report handle or revenue by operator; rather, it lists the top 10 sports in terms of wagers made. To clarify, “other” refers to all other sports that did not make the top 10.

SportMay HandleSportJune Handle
Table tennis$6,589,474.74Table tennis$9,148,983.78
MMA$1,742,607.59Soccer$4,136,068.79
Baseball$1,656,613.48Golf$3,436,743.27
Soccer$1,529,843.84MMA$2,159,115.52
Golf$1,423,683.66Tennis$1,336,627.89
Tennis$708,762.18Baseball$1,238,543.27
Motorsports$520,317.02Motorsports$617,682.93
Pro football$252,237.56Basketball$442,545.77
Darts$133,290.81Boxing$315,522.20
Ice hockey$117,395.06Pro football$94,436.80
Parlays/combinations$3,007,110.65Parlays/combinations$4,673,441.21
Other$7,940,425.04Other$10,537,237.73
TOTAL$25,621,761.63TOTAL$34,652,934.55

Niche sports still shining … for now

For the second straight month, table tennis carried the load.

Colorado bettors combined for $9.1 million in wagers on the sport. Add that to May’s total, and table tennis has accounted for nearly 25% of all bets placed.

For perspective, consider that the next three most wagered on sports have totaled $14.4 million since launch — a full $1.3 million less than table tennis.

July could be the last month niche sports such as table tennis enjoy their time in the limelight.

As noted, the NBA, NHL and MLB have returned or are about to get back to action. The next revenue report will certainly see baseball and basketball make their way up the list. We’ll see how much longer table tennis can hold that top spot.

Rank
Sportsbook
No Deposit Bonus
Features
Play
2
$500 
Risk Free Bet
Up To $500 Risk Free Bet On First Deposit
Weekly Betting Promos
Use Promo Code: LEGALRF
4
DOUBLE YOUR DEPOSIT!
Up to $300
100% Match Up to $150 On Deposit
Best Odds in Colorado
High Bet Limits, Fast Payouts!
To Claim: Click Play Now
5
$1,000
Risk Free Bet
Up to $1,000 refund if you lose your first bet
Available on Desktop, Android & iOS
To Claim: Click Play Now
6
up to $540 free 
Sign Up Bonus
$40 Free Bet just for joining
100% First Wager Match of up to $500 - Win or Lose!
MUST USE PROMO CODE BFS40
Promo code is CASE SENSITIVE
7
$2,000
In Free Bets On Deposit
Get 2 Risk-Free Bets Up to $2,000
Use Promo Code: BETBONUS
8
$500 
Risk Free Bet
On Deposit
$500 Risk Free Sports Bet
Weekly Boosted Parlays
To Claim: Click Play Now

More operators coming online in Colorado

Since going live May 1, the Colorado sports betting industry has quickly expanded. And that growth will continue in the near future.

As such, and as noted by the Division of Gaming in its press release, total handle will only increase:

“Additional internet operators and retail locations have recently entered the market, and the Division anticipates seeing another increase in total wagers in the coming months as additional offerings are made available to the Colorado bettor and major sports leagues resume play.”

All told, at maturity, Colorado could see as many as 33 online sportsbooks. For now, only 10 operators boast betting apps. A handful of retail sportsbooks have also debuted.

While nowhere near its potential in terms of revenue and maximum operators, Colorado has still found a way to blossom.

And over the next few months, as major sports get integrated, the industry should only get bigger and better.

Grant Lucas Avatar
Written by
Grant Lucas

Grant Lucas is a longtime sports writer who has covered the high school, collegiate and professional levels. A graduate of Linfield College in McMinnville, Grant has covered games and written features and columns surrounding prep sports, Linfield and Oregon State athletics, the Portland Trail Blazers and golf throughout his career.

View all posts by Grant Lucas
Privacy Policy