Prop DD Fails in Colorado Where it Matters

It's official.  Prop DD narrowly passed in Colorado.  Voters approved a ballot measuring allowing the state to move forward with legalizing sports gambling in the state.  This one was moving back and forth all night but, with nearly 20% of the count still left during the morning hours, the YES was winning by around 13,000.

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One of the big surprises in the returns: the measure, as of 10 p.m., lost in Teller County, home to Cripple Creek, one of three towns that allow casino gambling, and which would vote on whether to allow sports betting in its casinos.

Returns show Prop DD failed there by 610 votes, or about 9%.

The measure passed by a thin margin of just over 40 votes in Gilpin County, home to Blackhawk and Central City. That is a difference of 2%.

The measure was winning in a big way in Colorado's most populous counties, Denver and Jefferson.

Absentee and military ballots were yet to be counted.

Pro-Prop DD spokesman Curtis Hubbard said late Tuesday that he was still confident that the measure would pass.

"We know Election Day votes will break our way," he said. "Getting Coloradans to approve any sort of tax — even a casino tax — is a difficult task. But we built a great bipartisan coalition: Front Range, West Slope, urban, rural, conservationists, farmers and ranchers, and that should be enough to push it past the finish line."

FanDuel spent around a million to back Prop DD.  Pointsbet did not appear to invest much in the efforts despite recently opening up an office in Denver.  But Pointsbet also doesn't have the type of money FanDuel has.

Last Monday, the company announced plans to raise more than $80 million to help expand its business in the US.

Sports betting would be offered only in desigated casinos already operating in Colorado.  Each could opt to provide mobile sports gambling statewide.  Like in Iowa, restrictions would be placed on college sports prop bets. Betting on sanctioned e-sports — video game tournaments — would be allowed.

The providers would pay a 10% tax to the state on their net proceeds, with the money largely going to help fill gaps in Colorado’s water plan.

Coloradans could begin placing legal bets in May 2020 assuming passage of Prop DD. The Colorado Division of Gaming would regulate the market.

- Gilbert Horowitz, Gambling911.com