Online and retail sportsbooks in Colorado had a massive hockey month with the local team winning it all.
The Colorado Avalanche, the 2022 Stanley Cup winner, had a massive increase in betting on the sport in June, according to the Colorado Department of Revenue.
According to the state, hockey bets in June increased 177% to $29.5 million compared to bets placed in the same month in 2021 ($10.6 million).
State-licensed sportsbooks reported a total of $97 million in Stanley Cup bets. The NHL Postseason started in early May.
Despite the significant increase in hockey traffic, the total handle for June 2022 of $313.2 million was a 13% decrease from the previous month, May 2022, of $360.3 million. However, a year-to-year comparison shows a 44.6% increase from the total handle of $229.7 million in June 2021.
In June, baseball took the top spot for the month with total bets of $106.4 million, followed by basketball with just over $44 million in bets. Hockey bets ranked third with $29.5 million. Tennis ranked fourth with $23.4 million, and football remained in fifth place with $10.3 million.
Completing the fiscal year at the end of June 2022, total bets for the last fiscal year, July 2021 to June 2022, were $4.81 billion, an increase of 75.7% in total bets realized in fiscal year 2020-2021 of $2.73. Billion.
The country legalized sports betting in 2019 and started online betting in May 2020.