Colorado pushes for sports betting
As the segment thrives in other states, Colorado wants to legalise sports betting with a late effort before the current session ends.
US.- Colorado may soon legalise sports betting as lawmakers are making a late push for it. A recently introduced bill seeks to regulate the industry and may do so if it passes before the current session ends.
The bill was introduced on Thursday by a cross-party group proposes to leave the matter up to Coloradoans to decide. Alex Garnett (Democrat) and Patrick Neville (Republican) are pushing the initiative and want locals to vote on it in November.
The proposal would set a 10% flat tax on net revenue, which must be approved by residents by Law. Furthermore, it would allow casinos to host sportsbooks and limited in-person betting, as well as mobile and online wagering.
According to Garnett, tax revenue would generate between US$5-US$10 million from Colorado sports betting.
