Table tennis continues to be a major hit in Colorado sports betting.
In 2020, table tennis generated a total of $63.5M sports bets in the Boulder State. Only football, baseball, and basketball have generated more bets in the state.
Last January, Colorado sports betting saw $11.8M in table tennis wagers, which was more than the total bets made for the NCAA bowl games that month and more than the total NHL bets made during the same period. In March 2021, $8.8M was bet on table tennis which was twice more than the amount wagered on MMA.
According to records, table tennis was the fourth most bet sport in Colorado in January, sixth in February and March, and fourth again in April. It won’t be a surprise if it lands in the Top 6 again when the May figures come out.
Table Tennis Did Not Stop During the Pandemic
When the world of sports was halted by the outbreak of the COVID-19 pandemic in March of 2020, table tennis events continued. Legal Colorado sports betting launched on May 1, 2020 and at that time, every major sporting event was put on hold because of the pandemic. But table tennis events, particularly those in Russia, continued.
With table tennis as the “only” option, Colorado sports betting generated $6.6M in total bets for May 2020. MMA came in a far second at $1.7M after the UFC became the first organization to return to action when governments started easing up on restrictions. The other sports started to come back. But Colorado sports betting’s love affair with ping pong continued.
Colorado Got $6.6M in Tax Revenue in 2020
Colorado sports betting got off to a slow start because of the pandemic. Casinos were closed but the online betting option was there and table tennis was there as well. MMA followed, and in the fall, the return of the NFL saw overall wagers go up. Last January, the state collected more than $1M in tax revenues for the first time.
After the closing of books for the first year of Colorado sports betting, the Boulder State collected more than $6.6M in tax revenues. That amount is expected to balloon this year with the NBA and NHL in their second postseasons since the shutdown. MLB is back to its 162-game regular season schedule and the NFL is set to start its first 17-game season. And yes, don’t forget table tennis too.