Colorado in Race to Legalize Sports Betting in 2019

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Concerning sports betting, and, in connection therewith, submitting to the registered electors of the state of Colorado a ballot measure authorizing the collection of a tax on the net proceeds of sports betting through licensed casinos, directing the revenues generated through collection of the sports betting tax to specified public purposes, including the state water plan through creation of.

Governor Jared Polis yesterday signed a bipartisan bill that would legalize sports betting in Colorado. The measure now heads to the 2019 ballot for voter approval. HB19-1327 is sponsored by Majority Leader Alec Garnett, D-Denver. "Coloradans should have the option of betting on the Nuggets or the Broncos.

ATLANTIC CITY, N.J. – The race to legalize sports betting is on now that the U.S. Supreme Court has allowed it in all 50 states, but will it provide enough extra tax revenue to make much of a difference for schools, roads or pension debt? Don’t bet on it. Just look to the states that [.]

 · If you haven’t already heard, states can now officially legalize sports betting if they chose to do so after the US Supreme Court struck down the federal ban last year. There are.

Colorado wants to join the second wave of states to legalize sports betting.However, officials in the Centennial State seem to be approaching the practice with a rational mindset uncommon to most state overseers.. planning for sports betting seems to be a wise decision. A 2017 Oxford Economics study estimated that annual revenue from sports betting in Colorado could exceed $300 million.

Colorado Division of Racing – Live and off-track betting on. These states do not have any publicly announced bills devoted to sports betting legalization.". 2019 Denver Westword, LLC

In 2018, a U.S. supreme court ruling allowed all states to legalize sports betting. As of August of 2019, at least 10 states have done so. Prop DD would legalize in-person and online sports betting in Colorado. Bets would be required to be placed in Colorado and would be limited to people ages 21 and older.

Colorado legislature looking at legalizing sports betting. The state of Colorado could be in the mix to have legal sports betting, according to a report in The colorado springs gazette. House Bill 1327 would allow sports wagers and set a 10 percent tax on bets through licensed casinos, according to the report.