Connect with us

News

Basketball leads the comeback of the Colorado Sports Betting Handle

Published

on

basketball leads the comeback of the colorado sports betting handle

Nikola Jokic # 15 of the Denver Nuggets reacts during a game against the Atlanta Hawks. Kevin C. Cox / Getty Images / AFP

In February there was a common theme in the US legal sports betting industry. Burglaries characterized the handles in all participating jurisdictions. But from one bad trend comes a good one – sports betting action across the country in March has grown across the board thanks to basketball.

The last state to report a bump in March madness is Colorado, which released its March sports betting numbers this week. What they revealed was the second highest hold in the state’s eleven month existence on sports betting. The impressive route in March also took Colorado over a $ 2 billion lifetime milestone.

“These large sums of money released month after month show us that Coloradans are embracing this new form of entertainment,” said Dan Hartman, director of the Division of Gaming, in a press release. “We look forward to what will develop in the market in the future as more and more sports leagues resume their regular schedule and what this will lead to returns for Coloradans.”

Break down numbers

According to the Colorado Division of Gaming, the state’s sports betting grossed $ 301 million in the resurgent month of March when the NCAA basketball tournament hit not just the world of sports betting but the entire country. The March handle represents a 12.9% increase from $ 266.5 million in February when there were just 28 days of betting, one weekend less betting and a noticeable Super Bowl hangover.

Though impressive in March, the grip fell short of the January state record of $ 326.9 million.

The gross gaming revenue (GGR) in March also showed a nice increase compared to February. Sports betting in the state made $ 20.4 million, an impressive 95% more than the $ 10.4 million they made in February. This is partly thanks to a share of 6.77% in March – a huge increase from the share of 3.92% in February.

From the profits, Colorado Sportsbook contributed $ 1.06 million in taxes to the state and local coffers thanks to the 10% tax rate on state sports betting. It was a nice 219.3% increase over February’s tax contributions of $ 332,227.

Mobile apps and basketball were history

The Colorado mobile betting scene continues to dominate the general handle of the state. Outside of Tennessee, the only legal sports betting state in the country, Colorado is the country’s most successful internet-based sports betting platform.

In March, Colorado betting apps accounted for $ 295.2 million of the total of $ 301 million, or 98%. That’s 14.3% more than in February ($ 258.2 million).

Basketball was the other big story in the Colorado legal sports betting scene. Surprisingly, March Madness made the second highest contribution to total throughput at $ 70.9 million. Pro basketball was the top earner at $ 106.9 million, hockey at $ 13.7 million, tennis at $ 10.8 million, and soccer at $ 8.9 million. For the first time in about a year, Juggernaut Table Tennis failed to make it into the top five.

March takeaways

Colorado still ranks second among the betting-friendly states, behind, among other things, behind the more populous and more liberal betting states of New Jersey, Nevada and Pennsylvania. It is currently the sixth among the states that have already reported their March admission with Illinois and Virginia to have their numbers released. It’s respectable given the size of the Colorado market and exactly where the Colorado scene began.

“A return to growth with the NCAA tournament is no surprise, but it’s still good to see after a relatively disappointing month,” said Ian St. Clair, analyst for sports betting website PlayColorado, in a press release. “Given the way Colorado was born at a time when the major US sports were dormant, the state has truly been one of the greatest success stories in the US sports betting industry.”

On the way to April

Colorado sports betting is expected to maintain momentum in April. March baseball numbers were less than spectacular ($ 600,000) but are expected to increase dramatically as we near summer and the games mean a little more. The NBA and NHL seasons are also drawing to a close and are expected to pique the interest of the bettors later this month.

Colorado has some work to do to stay in the “top eight” betting courts in the US market. Newcomer Virginia is expected to push Colorado forward and make his presence felt in the rankings. Maryland is also a state to watch out for.

While hitting the record high in January is unlikely to be possible until the Denver Broncos are back on the field in September, Colorado is expected to continue to see decent numbers.

Source * www.sportsbookreview.com – * Source link

News

Montreal Canadiens coach Dominique Ducharme symptom-free, hopes to return in days

Published

on

montreal canadiens coach dominique ducharme symptom free, hopes to return in

MONTREAL – Canadien’s interim coach Dominique Ducharme said on Sunday that he had remained symptom-free two days after testing positive for COVID-19 and that he hopes to be back behind the bench during the Stanley Cup semi-final series in Montreal against Vegas.

Ducharme wore a dark blue collared Canadiens shirt, white hair and a familiar short stubble on his chin and spoke to reporters from an unknown location during a 12-minute video conference, his first comments since his mandatory isolation.

“I wish I could be on the rink now. I don’t feel any different than I did a week ago,” said Ducharme as the Canadiens prepared to host Vegas in Game 4 on Sunday night.

Montreal has a 2-1 lead in the series, Game 5 in Vegas is scheduled for Tuesday. If necessary, Game 6 will be played in Montreal on Thursday and Game 7 in Vegas on Saturday.

1 relatives

Ducharme was asked if he would have to spend 14 days in isolation.

“I’m confident I’ll be back before that,” he said.

Ducharme said he was fully vaccinated against the coronavirus and would end the two-week waiting period after his second vaccination on Wednesday.

It is unclear whether 48-year-old Ducharme will be able to return at this point.

“Until then, nothing has been confirmed. The organization is in contact with the authorities. It is a unique situation. We have been isolated since December,” said Ducharme in French.

Ducharme said no one he had contact with, including his girlfriend, tested positive. He said he was following NHL COVID-19 protocols when the Canadiens traveled to Vegas last week to open the series.

The Canadiens were restricted to certain areas of their Vegas hotel and had to take the bus to and from the ice rink.

Montreal, a member of the NHL’s Canadian North Division, is the only Canadian team to cross the line this season after teams were restricted to play within the division in the second round of the playoffs.

“It’s frustrating because I did everything you asked us to. I never exposed myself. I was so unlucky,” said Ducharme, who is in daily contact with his team and employees by phone and video call.

This is the second straight postseason that Montreal assistant Luke Richardson has had to step in in an emergency. Last summer, Richardson and former assistant coach Kirk Muller shared coaching duties after Claude Julien was hospitalized with chest pain after the first game of the Montreal-Philadelphia first-round series.

Julien missed the rest of the playoffs and resumed coaching that season before being sacked and replaced by Ducharme on February 24th.

It was difficult for Ducharme to watch out of isolation as the Canadiens recovered in Game 3 on Friday with a 3-2 win in extra time after two one-goal deficits.

“You feel helpless to watch and hope for the best. It’s a strange situation,” said Ducharme. “A special situation, but it was a special year. We’ve been through a lot. And we’ll get through that.”

The Canadiens had the worst record of the NHL’s 16 playoff qualifiers before upsetting Toronto and Winnipeg in the first two rounds.

The Golden Knights have already seen this scenario this postseason. Colorado Avalanche coach Jared Bednar missed a morning skate due to a COVID-19 test irregularity and was released in time to coach in Game 6 of the second round series against Vegas.

Source * news.google.com – * Source link

Continue Reading

News

Brooklyn Nets Guardian Spencer Dinwiddie wants to turn down the $ 12.3 million player option

Published

on

brooklyn nets guardian spencer dinwiddie wants to turn down the

Brooklyn Nets Guardian Spencer Dinwiddie plans to turn down the $ 12.3 million player option on his 2021-22 contract and become an unrestricted free agent before the deadline on Monday, sources told ESPN’s Adrian Wojnarowski.

Dinwiddie missed most of the season with a cruciate ligament injury in his right knee and appeared in just three games. He tried to possibly get back to the NBA final, but the Nets were eliminated by the Milwaukee Bucks in the Eastern Conference semifinals on Saturday.

Dinwiddie, 28, has had a history of ACL injuries. During his junior year in Colorado, Dinwiddie tore his left ACL in one game and missed the rest of the season.

1 relatives

Dinwiddie was a key player for Brooklyn last season, starting in 49 games when Kyrie Irving and Caris LeVert were out injured. He averaged 20.6 points and 6.8 assists in the 2019-20 season but was diagnosed with COVID-19 in late June and did not travel to Orlando with the Nets to restart the season.

The 6-foot-5 Dinwiddie has averaged 12.9 points and 5.0 assists over portions of seven seasons with the Nets and Detroit Pistons.

Source * news.google.com – * Source link

Continue Reading

News

The Uganda Olympic trainer tests positive for Covid after arriving in Japan

Published

on

Uganda Olympic Committee President Donald Rukare said the unnamed trainer had no symptoms. It is not yet clear whether the trainer, who is in a government facility, will be banned from participating or sent home.

The entire Ugandan Olympic delegation, which includes 26 athletes and 30 staff, has been fully vaccinated with two syringes of AstraZeneca, Rukare said.

Many received their second dose of the vaccine this month, about three months after receiving their first dose, Rukare said.

The eight others who arrived with the Covid-positive trainer have traveled to Izumisano City in Osaka Prefecture, where they will be housed, according to Izumisano City official Hideo Takagaki. Rukare said the octet is in a bubble and is being tested daily.

Japan's leading Covid-19 advisor says holding the Olympics without spectators is "he wishes"

More athletes and employees of the Ugandan Olympic team are expected to arrive in Japan in the coming days.

Ugandans are among the first to arrive in Japan ahead of the Tokyo Olympics amid security concerns as the country battles a fourth wave of Covid-19. The Asian host nation has fully vaccinated less than 7% of its population, and doctors are warning that an Olympic super-spreader event could bring Japan’s overburdened medical system to the brink. At least 10,000 of the 80,000 people who have signed up for help with the Games have already stopped, and Japan’s top coronavirus advisor said Friday that hosting the Olympics with no spectators would be “desirable”. Uganda’s Olympic athletes are some of the first people in the African nation to receive the vaccine – Uganda has one of the lowest vaccination rates in the world, with only 2 doses per 100 people. The country of 45 million people is currently battling a second wave with reported cases up 130% in the first two weeks of June. Uganda also has a relatively high test positive rate, with 19% of tests being positive according to Johns Hopkins University, suggesting that authorities are not covering all Covid-19 cases. This week has the Uganda Rugby Union tweeted that the Sevens national team withdrew from an Olympic qualifier in Monaco after reporting Covid-19 cases within the team.

Source * news.google.com – * Source link

Continue Reading

Trending News