Despite a slight decrease in revenue for the month of June, Colorado’s casinos have shown consistent growth over the past six months, according to a recent report by Play Colorado, a leading online gambling resource.
The state’s casinos brought in a total of $68.2 million in revenue in June, a 4.21% decrease compared to the previous month. However, this slight dip did not overshadow the overall positive trend seen in the industry.
“We have seen continuous growth in Colorado’s casino market over the past six months, which is a very encouraging sign for the industry as a whole,” said Jessica Welman, an analyst for Play Colorado. “Despite the monthly fluctuations, the overall trajectory is one of growth and sustainability.”
The growth in revenue can be attributed to several factors, including the increasing popularity of online gambling in the state. In May, Colorado set a new record for online sports betting revenue, bringing in $35.2 million. This trend has continued into June, with online sports betting revenue remaining strong.
Additionally, the lifting of COVID-19 restrictions has allowed for more visitors to return to the state’s casinos, boosting revenue even further. With the summer season in full swing, casinos are anticipating even greater numbers in the coming months.
“We are optimistic about the future of Colorado’s casino industry,” said Welman. “With the continued growth of online gambling and the return of in-person visitors, we expect to see even stronger revenue numbers in the months ahead.”
Despite the challenges posed by the pandemic, Colorado’s casinos have shown resilience and adaptability, setting the stage for a successful and prosperous future. As the industry continues to evolve and grow, both online and in-person, the outlook remains positive for Colorado’s vibrant gambling market.
