Colorado's Sports Betting Revenue Skyrockets in June

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00:00Finally, let's cap off with maybe the biggest success story in sports betting this year

00:04from an individual state, Colorado, Jim, off the charts in terms of revenue growth.

00:09I wonder if we'll be talking about them at the end of the season.

00:12Yeah, it was a really positive June for Colorado sportsbooks in terms of revenue.

00:17You know, I think the biggest thing I was able to glean from the report that they put out

00:21yesterday was the simple fact that the Denver Nuggets didn't win the NBA finals this year.

00:27$28.2 million in sports betting revenue for operators in June.

00:33And that was up from $9.2 million last June when the Denver Nuggets went all the way to

00:40the NBA finals.

00:41And like we've talked about plenty of times over the last year, Craig, when that local

00:46team wins a championship or goes deep in the playoffs or has a big success around a high

00:53profile event, the sportsbooks tend to take a bath in that state.

00:57And that was the case last year in Colorado when the Nuggets won the NBA finals.

01:02This year, the Nuggets bowed out of the playoffs in May.

01:06So the Colorado sportsbooks were then able to enjoy a 205% boost in that monthly revenue

01:14total.

01:15Overall, basketball bets accounted for the second most betting volume in June.

01:24Despite the Nuggets not going deep in the playoffs, baseball was number one.

01:30Parlay betting also very popular throughout the month in June, like we've seen pretty

01:38much in most markets across the country, like we talked about last week, Craig, with the

01:43Louisiana sportsbooks cashing in quite well on those parlay bets.

01:48So Colorado, a lot more of the same, Craig.