Lege TREND. Anatomy of a Sports Betting Bill

State: Colorado

The legislation:  HB19-1327 | Authorize And Tax Sports Betting Refer Under Taxpayers’ Bill Of Rights

What would this legislation do?

• Voter approval required
• Sports betting operators would have a 10% tax on revenue
• Allows the 17 companies that own Colorado’s 33 casinos to apply for something called a master license
• Likely allow sports betters to register online, to keep them from traveling to register at the betting location and then returning upon approval
• Estimated revenue to the state: $7 million to $9 million annually

Denver Post | Colorado lawmakers introduce bill to legalize sports betting