sports betting
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Colorado sports betting brings in big bucks for state water plan projects
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Funding for the state’s 2015 water plan started as a trickle. But sports gaming revenue has now turned that trickle into a steady stream. The Colorado Division of Gaming announced this week that nearly $33.8 million from 2024-25 will be allocated to the Colorado Water Conservation Board to support the state’s water plan, with distribution to…
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State water plan on tap for $11.4 million from gaming revenue
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Colorado’s state water plan will receive $11.4 million from gaming revenues this year, a 43% increase over last year’s distribution. The Colorado Limited Gaming Control Commission on Thursday announced that sports betting yielded tax revenues of $12.4 million in its second year of operation. Under House Bill 19-1327, which later became Proposition DD on the…
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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 auditors ding sports betting regulators
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Colorado’s Office of the State Auditor issued a scathing audit Monday of how the Division of Gaming has regulated the first full year of legal sports betting in the state, alleging the division hands out far too many temporary licenses and that it could be losing tax revenue by not requiring more documentation. The 56-page report covered…
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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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Football boots Colorado sports bets to a record in October
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A full schedule of NFL and college football games, along with baseball playoffs and the beginning of professional basketball and hockey seasons, pushed Colorado sports bets to a record $491.5 million in October. Colorado sports betting surges to record total Last month’s total was up more than 20% from September’s total, the previous record, and…
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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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Feds eye move to regulate legal sports betting
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ATLANTIC CITY, N.J. – A pair of U.S. senators from opposing parties is proposing that the federal government take back control of sports gambling in America. It’s the first formal move by Congress after a Supreme Court ruling reopened a complex debate over fans betting on games and who controls the action. Several states have…
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OUT WEST ROUNDUP | Utah lawmaker tries pot ahead of medical marijuana vote
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Lawmaker tries pot ahead of medical marijuana vote SALT LAKE CITY – A Utah lawmaker drove to Las Vegas and tried marijuana for the first time ahead of the statewide vote on a proposition to legalize its use for Utah residents with qualifying medical conditions. Sen. Jim Dabakis wanted to try cannabis before the vote,…
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Attorney general says state Constitution doesn’t bar sports gambling, but …
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Anyone want to make book on the next big fight at the General Assembly in 2019? A good bet would be on sports gambling. Last May the U.S. Supreme Court overturned a 1992 federal law that barred most states, including Colorado, from authorizing sports betting. After the ruling, the state Department of Revenue sought an opinion from…
