Endorsed by Gambling911

Colorado to Have Sports Betting Question on November Ballot

Written by:

Associated Press

Published on:

May/03/2019

Colorado to Have Sports Betting Question on November Ballot

DENVER (AP) — Colorado's Legislature has approved a ballot question asking voters if sports gambling should be legalized.

The Senate voted 27-8 on Friday to send the bipartisan bill to Gov. Jared Polis.

If voters approve, a constrained Colorado sports betting market could be operating by 2020. State tax revenue initially would be an estimated $10 million.

Voters would be asked whether to apply a 10% flat tax on net sports betting proceeds. If approved, businesses can apply for licenses. The question comes in the form of a tax hike request because any Colorado tax increase, by law, must be approved by voters.

Start Your Own Online Sportsbook for Just a Small Weekly Fee Per Customer

Companies operating 33 casinos in Colorado could seek licenses that would include online and sports gambling apps and limited onsite betting.

Tax revenue would go to a state water conservation plan and gambling addiction programs.

Friday is the last day of the 2019 legislative session.

Gambling News

Pete Rose, Shoeless Joe and Politics: Baseball and the Real World Collide More Often Than We Think

The legends of pastoral fields. The detailed history and meticulous attention to continuity. The sight of kids playing ball. The hush that descends when you walk into the Hall of Fame.

Giannis Antetokounmpo Next Team Odds - Houston Rockets

A few weeks ago, the oddsmakers at BetOnline.ag set odds on Giannis Antetokounmpo’s next team.

2025 NFL Week 1 Spreads and Totals Now Available

NFL games have been trickling out since Monday, and now we have the full Week 1 schedule.

FanDuel’s Cory Fox Introduces Groundbreaking New Responsible Gaming Technology During Panel at SBC Summit Americas

On Wednesday, during SBC Summit Americas, Cory Fox, Senior Vice President, Public Policy and Sustainability, introduced Real-Time Check-In, a groundbreaking responsible gaming technology from FanDuel.

The Impact of Gambling on Local Economies

Gambling is one of the fastest-growing sectors in the digital entertainment industry, bringing significant economic benefits to many regions. Although the impact of casinos on the local economy can be evaluated from various perspectives and viewpoints, it can be clearly stated that it has significant positive aspects.