Colorado’s new sports betting industry seemingly beat the odds last year with nearly $1.2 billion in wagers placed May through December.
Despite launching May 1, when few professional sports were being played because of the pandemic, the industry continued to garner enthusiasm as the year wore on. December was the biggest month, with Coloradans placing $285 million in bets.
According to Department of Revenue figures released this week, football was the top sport of the month at nearly $88 million in wagers, followed by professional basketball, college basketball, college football and table tennis-with $11 million in wagers.
In 2020, the state collected more than $3.4 million in taxes from sports betting.
Danny “Dan R” Ridenour has been in radio and television broadcasting for over 40 years, starting as a senior in high school in Rogers, Arkansas. His radio career has had stops in Nashville, Memphis, Oklahoma, and eventually, Colorado. Dan enjoys being involved in the community, having been a member of the Upper Arkansas Service Club and is currently on the board of directors for the Salida Community Center and is a member of the Chaffee County Fair Committee. He and his wife Carrie spend their days doing everything the mountains have to offer: hiking, camping, fishing and skiing. They've raised 3 children and have 2 grandchildren.
Latest posts by Dan R (see all)
