Colorado governor signs sports betting bill into law
Senate Bill 26-131 introduces new sports betting restrictions in Colorado.
US.- Colorado Governor Jared Polis has signed Senate Bill 26-131 into law, introducing new sports betting restrictions from August 12.
The legislation introduces limits on deposits, limiting bettors to six deposits within a 24-hour period, and bans the use of credit cards for funding accounts. It also prohibits marketing directed at people under the age of 21 and prohibits operators from sending promotional push notifications or text messages encouraging customers to make bets or deposits.
The law will also require sports betting operators to annually report transactional data and metrics to the Gaming Division within the Department of Revenue from February 1, 2028. The Gaming Division will publish a public report on the data every three years, starting from January 1, 2029.
The legislation gives the Colorado Gaming Control Commission authority to impose a maximum penalty of $25,000 per offence.
Sponsored by Senators Matt Ball and Byron Pelton, along with Representatives Steven Woodrow and Dan Woog, the bill received bipartisan support.
