Colorado lawmakers OK sports betting
07 May 2019
The Colorado Legislature has approved a bill for a measure to legalize sports betting and dedicate a 10% tax on net profits. The measure will go to voters for approval this year.
The bill enjoyed widespread support, clearing the House in a 58-6 vote and the Senate in a 27-8 vote. Environmental Defense Fund was a key member of a large, diverse coalition of supporters of the bill, including the Colorado Cattlemen’s Association, Colorado Municipal League, Colorado River District, Denver Metro Chamber of Commerce, Denver Water, Conservation Colorado and Western Resource Advocates.
Colorado is one of several states considering a sports betting tax since a Supreme Court decision last year gave states such authority.