The approach of Colorado sports betting has seen more than 50 license applications since November, which could pose a problem since the state only plans to issue 33 licenses total for physical and online sports books. Voters narrowly passed  the sports gambling measure to regulate the activity in November. The first licensees are expected to be approved in February, though they won’t be able to take bets until Colorado’s new sports gambling law goes into effect on May 1. Casinos will be taxed 10% on net proceeds, which will primarily be funneled to Colorado’s water plan. The state expects to…

Residents decide today whether to legalize Colorado sports betting and use the tax revenue to help conserve the state’s most precious resource: water. The proposal has bipartisan support from lawmakers and interest groups and only token opposition, Local 12 reports. Most states have since generated limited tax revenue from gambling on sporting events. Colorado’s proposal would dedicate a similarly limited revenue stream to a state water conservation plan launched under former Governor John Hickenlooper. In an era of climate change and frequent drought, the plan envisions a decades-long effort to meet the needs of the Denver metropolitan area, the state’s…

Voters are set to make a decision on Colorado sports betting next month when Proposition DD is put before them. The measure would legalize and regulate sports betting through online or mobile sports platforms operated by casinos. Recent polls show more voters support sports betting than oppose it, Rep. Alec Garnett (D), sponsor of the bill (H.B. 1327) referring the measure, said Sept. 27. The ballot measure fares even better in polling when its backers clarify the tax will be on casino’s profits, not on individual winnings, he said. Colorado requires voter approval for any new taxes or tax increases….

Gambling on sporting events will be paraded out to voters this fall, but a new BettingUSA.com survey has found that only 29% are in favor of Colorado sports betting. The survey was conducted via Google between June 2nd and 5th of this year and collected 5,000 responses from people age 18 and older who were located in the state. The survey was able to identify that only 29% of voting-age Coloradans would approve the legalization of sports betting if the referendum were held today, while 31.5% would oppose the measure Almost 40% of respondents are undecided. “These results are not…

Governor Jared Polis has signed a bill that will allow a Colorado sports betting vote this November. The measure will be put to voters and needs to be approved in order to become law. The bill was introduced on April 18th and quickly passed the state’s legislative progress in both the House and Senate, and was waiting on the signature of the Governor. If passed, Colorado would join states like New Jersey, Nevada and Tennessee sports betting. To read more on the Colorado sports betting vote, visit iGaming Business.

The bill that will regulate Colorado sports betting has passed through the state Senate and will sits on the desk of Governor Jared Polis. The bipartisan measure, will decriminalize gambling on sports as of May 1, 2020, if signed, and become a ballot measure in Colorado in November. The vote will give citizens the final say in whether the activity is legalized or not. Citizens of the state get the last say on this issue due to Colorado’s legal landscape which includes a Taypayer Bill of Rights. This requires that citizens must approve any tax increase. The state would tax…