Bloomberg Law
April 24, 2019, 9:28 PM

Colorado House Approves Bill to Legalize Sport Betting

Tripp Baltz
Tripp Baltz
Staff Correspondent

Colorado could legalize sports betting under a bill approved by the state House.

The measure (H.B. 1327), approved by a 58-6 vote April 24, would provide a master license to Colorado casinos that could then contract with brick-and-mortar and internet sports betting operators to provide sports gambling in the state.

The bill would create a Sports Betting Fund to receive revenue from a new 10 percent tax on net sports betting proceeds. The fund would support the Colorado Water Plan.

  • If passed by the Senate and signed by the governor, the measure would go to the November 2019 ...