Rain returns to Denver as drought grips Colorado

Let's see what the prediction markets, sponsored by Kalshi, are saying about how much rain Denver will see this month.

THE TAKEAWAY

  • Denver is running drier than normal.
  • Drought continues to grip much of Colorado.
  • Rain is returning to the Denver forecast.

DENVER – Amid a widespread drought gripping much of Colorado, Denver is running below average for August precipitation as a scorching summer marked by wildfires, extreme heat and persistent dry summer conditions continues.

August got off to a scorching and largely dry start in Denver, with temperatures reaching 102 degrees on consecutive days early in the month and little measurable rainfall through the first part of the month. 

With rain making a welcome return to Denver, the city remains behind its normal precipitation pace for the month as of Aug. 20.

NOAA data shows Denver typically sees about 1.58 inches of precipitation in August. 

So far this month, the city has picked up just 0.73 inches — running about 38% below its normal pace of 1.17 inches.

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Let’s take a look at how prediction markets are sizing up Denver’s rainfall chances to finish up the month of August. 

Looking towards the end of the month, the National Weather Service is forecasting several chances for showers and thunderstorms in Denver over the coming days, including elevated rain chances heading into the middle of next week.

Ultimately, Denver’s monthly precipitation total comes down to what falls into the official gauge at Denver International Airport, where each measurable hundredth of an inch is recorded and added to the city’s climate record.