Colorado to Have Sports Betting Question on November Ballot

Written by :

Associated Press

Published on :

3 May, 2019

Colorado to Have Sports Betting Question on November Ballot

DENVER (AP) — Colorado's Legislature has approved a ballot question asking voters if sports gambling should be legalized.

The Senate voted 27-8 on Friday to send the bipartisan bill to Gov. Jared Polis.

If voters approve, a constrained Colorado sports betting market could be operating by 2020. State tax revenue initially would be an estimated $10 million.

Voters would be asked whether to apply a 10% flat tax on net sports betting proceeds. If approved, businesses can apply for licenses. The question comes in the form of a tax hike request because any Colorado tax increase, by law, must be approved by voters.

Start Your Own Online Sportsbook for Just a Small Weekly Fee Per Customer

Companies operating 33 casinos in Colorado could seek licenses that would include online and sports gambling apps and limited onsite betting.

Tax revenue would go to a state water conservation plan and gambling addiction programs.

Friday is the last day of the 2019 legislative session.

Detroit Lions vs. Buffalo Bills PPH Betting Markets September 17

Though some sportsbooks were reporting 85% of the money on Buffalo for Thursday night's Lions-Bills game, leading Pay Per Head provider AcePerHead.com was seeing just shy of 70% of the overnight money coming in on Buffalo.

Bears vs. Panthers PPH Betting Markets September 13

Chicago area gamblers are bullish on their Bears more than the rest of the nation, so bookies will especially need to push betting markets and live in-play wagering as greater than 80% of tickets and money were coming in on the Bears even outside the state of Illinois.

NFL Betting Software Solutions for Just $3 Per Player Per Week

AcePerHead's $3 per active player per week NFL betting solutions come priced to include some of the most skilled linesmakers in the business.

Staggering Evidence in Hammond Indiana Operation Porterhouse Parlay Gambling, Extortion Case

The government says it will take 9 months to compile 15 terabytes of evidence. For context, that is enough storage space for 1.2 billion pages, 3.75 million photos and 5,000 hours of video.