Colo. Voters Narrowly Authorize Tax On Sports Betting

Law360 (November 7, 2019, 7:54 PM EST) -- Colorado voters authorized sports betting in the state when they narrowly approved a tax on sport betting proceeds at licensed casinos in three cities to help fund the state's water plan, the secretary of state reported Thursday.

With 51.1% approval on Tuesday, Coloradans passed Proposition DD to turn H.B. 1327 into law, Colorado Secretary of State Jena Griswold reported. The law would legalize sports gambling in certain cities and authorize a 10% tax on the net proceeds. According to the bill, revenue from the tax is for a water plan implementation cash fund.

The law legalizes sports betting in Central City,...

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