gambling
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Colorado lawmakers want to crack down on sports betting companies
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A coalition of legislators has introduced a bill that backers said would help combat sports gambling addiction, particularly among children. Colorado voters approved Proposition DD in 2019, legalizing sports betting statewide. The majority of the state’s sports betting revenue goes to the Colorado Water Plan Grant Program, which funds water conservation, storage, and supply projects.…
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The Colorado Lottery’s mega-bad idea | Sondermann
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There are plenty of lousy, miserable, misguided whims out there. Then, every so often, you come across a notion so wrong-headed that it qualifies as phenomenally bad. Or, in words the marketing whizzes at the Colorado Lottery might understand, let’s call this a mega-bad idea. The proposal in question, recently adopted by the Lottery Commission,…
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Colorado appeals court upholds $27,500 owed on Biden-Trump election bet
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A Denver man owes a Colorado Springs man $27,500 from a bet the two placed on the outcome of the 2020 presidential election, Colorado’s second-highest court agreed on Thursday. Richmond Lee Meyer and Jason Vanstrom were friends for several years through their mutual interest in gambling and the cannabis industry. Prior to election day 2020,…
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Colorado gaming division points to pandemic in regulation glitches
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Colorado Division of Gaming officials early Tuesday responded to a critical audit from the Office of the State Auditor, saying the pandemic impacted its ability to roll out legalized sports betting in Colorado. The state auditor issued a scathing audit Monday of how the division regulated the first full year of legal sports betting in…
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Colorado sets record for sports betting in January
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Coloradans dropped more than $573 million on sports bets in January, the most in any given month since sports betting was legalized in the state and it went live in May 2020, the Colorado Division of Gaming announced Tuesday. The $573,720,213 wagered in January was 24.3% higher than December, and 75.5 % higher than January…
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Sports betting will be no home run for state budgets
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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 capitalized immediately after the…
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Supreme Court’s sports-betting decision’s at the intersection of "sin and revenue"
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Paul Klee is a sports columnist for The Gazette, parent newspaper of Colorado Politics. The NFL just cured its TV ratings illness, Las Vegas just inched closer to hosting a Super Bowl, and it just became tougher than any other time in American history to rig a sporting event. Pretty nice li’l day, don’t you think?…
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States are free to allow sports betting, U.S. Supreme Court rules
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The U.S. Supreme Court on Monday struck down a federal law that kept most states from authorizing sports betting, a ruling that is sure to set off a scramble among the states to find a way into a billion-dollar business. The challenge was brought by New Jersey, which had said it could be ready within…
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YESTERYEAR: Supreme Court affirms Legislature’s gambling acts, Wadham’s wins GOP by acclamation
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Twenty Years Ago This Week in The Colorado Statesman … The Colorado Supreme Court had been mulling over the Legislature’s gambling restrictions on elected officials, passed six years earlier, and they had reached their conclusion. The Supreme Court, in a unanimous decision, declared constitutional a law prohibiting elected, municipal officials of Central City, Black Hawk and Cripple Creek as…
