Colorado set a new sports betting tax revenue record ($37 million) for the Colorado Water Plan. Proposition JJ helped create this record by lifting the $29 million cap on retainable revenue. DENVER, Colo. – Colorado’s sports betting revenue hit record-breaking numbers this past fiscal year, … Read more
Colorado lawmakers pass HB 22-1402 in both the Senate and the House and the bill now awaits Gov. Jared Polis’ signature. A big section of the bill would reduce the tax deductions given to sportsbooks for promotional free bets given throughout the year. Free bets … Read more
Colorado is setting themselves up to become a powerhouse in the legal sports betting market as they continue to add to their list of operators. Sports bettors in the Centennial State will have their pick of 20 digital sports betting platforms available to bet the … Read more
Mobile sports betting apps in Colorado will be available to begin accepting wagers on May 1. The sports betting industry in the Centennial State is slated to gain an estimated $400 million in annual revenue based on a 10% tax rate that will go to … Read more
Colorado sports betting will be on the November 5th ballot as Proposition DD for voters to either pass or disapprove. If passed, sports betting in Colorado would be made legal through casinos in three CO towns as well as through statewide mobile sports betting apps. … Read more
Proposition DD on the upcoming November ballot will ask voters whether or not to approve sports betting in Colorado. Net proceeds of CO sports betting activity will be taxed at a rate of 10%. Funds collected by the state will be used for the Colorado … Read more
Colorado voters will decide whether or not to authorize legal sports betting in the state. Sports betting tax revenue would help fund the Colorado Water Plan. Various environmental advocacy groups are debating the merits of the proposal. DENVER –Colorado sports betting cleared the first hurdle … Read more