..

The Prop DD Tax on Winnings in Colorado

Written by:
Aaron Goldstein
Published on:
Oct/08/2019

Voters in Colorado will be asked to approve an amendment that would permit mobile sports betting throughout the state, but Proposition DD, as it is referred to, would also contain language pertaining to taxation.  The mere mention of taxes might be enough to scare off even those who have no intention of placing bets on sports.

*Free trial test drive
*Text or message 24/7
*Mobile friendly
*Live in-play betting
*Bitcoin, gift cards, credit cards accepted
*Fastest, sharpest lines in the industry
*No minimum number of players
*Unique betting options available
*Two software platforms available for use
Click here to visit PremierPerHead

The tax in question would be 10% but paid by the casinos, not the actual gambler.

According to Bloomberg, recent polls show more voters support sports betting than oppose it, Rep. Alec Garnett (D), sponsor of the bill (H.B. 1327) referring the measure, said Sept. 27. The ballot measure fares even better in polling when its backers clarify the tax will be on casino’s profits, not on individual winnings, he said.

Aside from environmental groups, there is little opposition to the initiative.  Little money is being placed on efforts to prevent passage.

- Aaron Goldstein, Gambling911.com

Gambling News

The Gambling911.com Crime Blog

The Gambling911.com Crime Blog

Welcome to the Gambling911.com Crime Blog, all the latest news and social media stories about gambling-related crime as well as organized crime.

Diversify Your Sports Offering

Diversify Your Sports Offering

As a bookie owner, you likely have experience with setting betting lines.

NHL Commish: All in on Sports Betting as Best Thing to Drive Fan Engagement

Speaking at this year's Global Gaming Expo (G2E) Wednesday, NHL Commissioner Gary Bettman said that his position on legalized sports betting has evolved and now he is all-in on the concept as the best way to enhance fan engagement.

G2E 2019 Latest News

G2E 2019 Latest News

The 2019 Global Gaming Expo (G2E) takes place October 14 through 17 at the Sands in Las Vegas.  We have all your latest news updates pertaining to the show below.

Hot Sports Betting Tips and Information - October 16

Here are today's hot sports betting tips and information headlines - Wednesday October 16, 2019.

Syndicate