Sports betting in Colorado took a dip from the previous month but the news is not all bad as April of 2022 was a marked improvement over April of 2021.
April 2022 Betting Numbers
Although the sports betting data in April shows a decline from March, we should consider that the college basketball national tournament, known as the Big Dance, results in an avalanche of sports betting activity.
March Madness is something that bettors and bookies alike look forward to all year and there is bound to be a lull the following month after the smoke clears.
“Without football or the opening rounds of the NCAA Tournament, a slowdown is always inevitable in April,” Ken Pomponio, an analyst for PlayColorado.com, said in a news release.
“More importantly, the state’s industry continues to post strong year-over-year gains despite concerns in the greater economy.
That said, the constant growth that the industry has enjoyed over the last two years is facing a threat for the first time since the earliest days of Colorado’s market.”
The metrics released tell us that over $100 million less was wagered in Colorado in April compared to the previous month.
April 2021 and April 2022 Comparison
A total of $392.3 million was bet in April versus $505.6 million in March. But the silver lining is that this April Colorado showed a whopping 67 percent increase over April of 2021.
We should also consider that $22.6 million in gross revenue from April’s wagers increased 28.5 percent from the $17.6 million generated in April of 2021.
And while sports betting in Colorado is on the rise the very real threat of inflation, high gas prices, and increasing food costs could cause discretionary income to plummet.
And if discretionary income falls, then so too will the overall betting numbers not only in Colorado but throughout the nation.
Rush Street Interactive Honored
Rush Street Interactive (RSI) is the owner of sportsbooks PlaySugarHouse, RushBet, and BetRivers, the latter operating in Colorado.
And because of RSI’s stellar brands, they have recently been named on the shortlist for the SBC Awards in the categories of ‘Casino Operator of the Year,’ ‘Employer of the Year,’ ‘Socially Responsible Operator of the Year’ and ‘Leader of the Year.’
The awards will be announced at a soiree being held at Pier Sixty in Manhattan on July 14, 2022, with approximately 600 gaming industry leaders present.
Rush Street Interactive Proud
Richard Schwartz, CEO of RSI, acknowledged his company’s inclusion in these major classes, “We are incredibly honored to be shortlisted by the well-respected SBC Gaming media group, especially since their hand-selected judges, who represent the top leaders in the industry, recognized the quality of our company in multiple categories.
We are extremely proud of the nominations and especially honored to be recognized for our corporate commitment to responsible gambling and player safety.”
BetRivers Exciting Bonus
And speaking of BetRivers, they are currently offering first-time customers a 100 percent deposit bonus of up to $250.