{"id":1586490,"date":"2024-07-01T09:26:17","date_gmt":"2024-07-01T13:26:17","guid":{"rendered":"https:\/\/sports7.us\/?p=1586490"},"modified":"2024-07-01T09:26:17","modified_gmt":"2024-07-01T13:26:17","slug":"colorado-sportsbooks-routed-the-public-on-parlays-in-may","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/","title":{"rendered":"Colorado Sportsbooks routed the public on parlays in May"},"content":{"rendered":"

Last week, the Colorado Division of Gaming reported nearly $45 million in gross sports betting revenue for May 2024. The state saw a strong performance by sportsbooks for parlay wagers. Additionally, they had a total betting handle of $447.6 million. Up 16.2% from May 2023. That gave Colorado sportsbooks a 10.1% hold on the market. Colorado\u2019s 10.1% was the second-highest in state history behind an 11.4% hold in September 2022. However, their overall betting handle was down 12.2% compared to the $509.5 million recorded in April. Despite that, revenue was still up 40.5% in May.\u00a0<\/span><\/p>\n

In the US, there are a limited number of states that publish their handle for parlays and same-game parlays. Most times, Colorado finds itself as the outlier. The public usually wins when it comes to rates. However, the state had a 22.5% hold in May. They collected $20.9 million in winnings from a $93.1 million handle. That\u2019s after bettors held Colorado to a sub-15% hold for the first four months of 2024. Their revenue haul in May 2024 was the third-largest in 49 months of Colorado having legal sports betting.<\/span><\/p>\n

Where was Colorado the most profitable in sports betting other than parlays? <\/b><\/h2>\n

During May 2024, basketball revenue was up 57.4% compared to May 2023. Their total revenue was $7.9 million. Additionally, there was $147.5 million worth of wagers which represented an 18.9% increase. Colorado sportsbooks were able to exhale when the Nuggets and Avalanche were eliminated from playoff contention. Operators had $3.4 million in winnings from hockey wagers in May 2024. Nearly triple the total they had last year, good enough for a 14% hold on a $24.2 million handle.\u00a0<\/span><\/p>\n

In Colorado, they love to bet on the niche sport of table tennis. Operators had nearly $1,2 million in winnings from a $13.9 million handle. Additionally, wagering on table tennis surpassed $400 million. The \u201ccatch-all\u201d\u00a0 collected $1.7 million from a $19.6 million handle. That was an 8.5% hold on the market. Baseball\u2019s total revenue in May was $3.8 million, down 22.8% compared to May 2023. Finally. Colorado has seen their year-to-date figures go up. Their $2.68 billion handle through the first five months of 2024 is up 18.2% compared to last year. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, the Colorado Division of Gaming reported nearly $45 million in gross sports betting revenue for May 2024. The state saw a strong performance by sportsbooks for parlay wagers. Additionally, they had a total betting handle of $447.6 million. Up 16.2% from May 2023. That gave Colorado sportsbooks a 10.1% hold on the market. […]<\/p>\n","protected":false},"author":304,"featured_media":1586492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447316],"tags":[],"acf":[],"yoast_head":"\nColorado Sportsbooks routed the public on parlays in May<\/title>\n<meta name=\"description\" content=\"n May 2024, Colorado Sportsbooks routed the public on parlays with a 22.5% hold, their best hold percentage this year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colorado Sportsbooks routed the public on parlays in May\" \/>\n<meta property=\"og:description\" content=\"n May 2024, Colorado Sportsbooks routed the public on parlays with a 22.5% hold, their best hold percentage this year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Sports7\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-01T13:26:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"547\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zach Wolpin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zach Wolpin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/\",\"url\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/\",\"name\":\"Colorado Sportsbooks routed the public on parlays in May\",\"isPartOf\":{\"@id\":\"https:\/\/sports7.us\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg\",\"datePublished\":\"2024-07-01T13:26:17+00:00\",\"dateModified\":\"2024-07-01T13:26:17+00:00\",\"author\":{\"@id\":\"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8\"},\"description\":\"n May 2024, Colorado Sportsbooks routed the public on parlays with a 22.5% hold, their best hold percentage this year\",\"breadcrumb\":{\"@id\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#primaryimage\",\"url\":\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg\",\"contentUrl\":\"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg\",\"width\":820,\"height\":547},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sports7.us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Colorado Sportsbooks routed the public on parlays in May\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sports7.us\/#website\",\"url\":\"https:\/\/sports7.us\/\",\"name\":\"Sports7\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sports7.us\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8\",\"url\":\"https:\/\/sports7.us\/author\/zachwolpin\/\",\"name\":\"Zach Wolpin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sports7.us\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g\",\"caption\":\"Zach Wolpin\"},\"jobTitle\":\"Sports Editor\",\"email\":\"\",\"sameAs\":[\"\",\"\",\"\",\"\",\"\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Colorado Sportsbooks routed the public on parlays in May","description":"n May 2024, Colorado Sportsbooks routed the public on parlays with a 22.5% hold, their best hold percentage this year","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/","og_locale":"en_US","og_type":"article","og_title":"Colorado Sportsbooks routed the public on parlays in May","og_description":"n May 2024, Colorado Sportsbooks routed the public on parlays with a 22.5% hold, their best hold percentage this year","og_url":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/","og_site_name":"Sports7","article_published_time":"2024-07-01T13:26:17+00:00","og_image":[{"width":820,"height":547,"url":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg","type":"image\/jpeg"}],"author":"Zach Wolpin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Zach Wolpin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/","url":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/","name":"Colorado Sportsbooks routed the public on parlays in May","isPartOf":{"@id":"https:\/\/sports7.us\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#primaryimage"},"image":{"@id":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#primaryimage"},"thumbnailUrl":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg","datePublished":"2024-07-01T13:26:17+00:00","dateModified":"2024-07-01T13:26:17+00:00","author":{"@id":"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8"},"description":"n May 2024, Colorado Sportsbooks routed the public on parlays with a 22.5% hold, their best hold percentage this year","breadcrumb":{"@id":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#primaryimage","url":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg","contentUrl":"https:\/\/sports7.us\/wp-content\/uploads\/2024\/07\/Colorado-sports-betting-pic.jpg","width":820,"height":547},{"@type":"BreadcrumbList","@id":"https:\/\/sports7.us\/news\/colorado-sportsbooks-routed-the-public-on-parlays-in-may\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sports7.us\/"},{"@type":"ListItem","position":2,"name":"Colorado Sportsbooks routed the public on parlays in May"}]},{"@type":"WebSite","@id":"https:\/\/sports7.us\/#website","url":"https:\/\/sports7.us\/","name":"Sports7","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sports7.us\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sports7.us\/#\/schema\/person\/17fb65de17f8df5eee81231f05c2a3b8","url":"https:\/\/sports7.us\/author\/zachwolpin\/","name":"Zach Wolpin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sports7.us\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac48d230009f3ffb664ed5aff4f602ef?s=96&d=mm&r=g","caption":"Zach Wolpin"},"jobTitle":"Sports Editor","email":"","sameAs":["","","","",""]}]}},"_links":{"self":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts\/1586490"}],"collection":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/users\/304"}],"replies":[{"embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/comments?post=1586490"}],"version-history":[{"count":1,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts\/1586490\/revisions"}],"predecessor-version":[{"id":1586493,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/posts\/1586490\/revisions\/1586493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/media\/1586492"}],"wp:attachment":[{"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/media?parent=1586490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/categories?post=1586490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sports7.us\/wp-json\/wp\/v2\/tags?post=1586490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}