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Bill Detail: HB19-1327

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Title Authorize And Tax Sports Betting Refer Under Taxpayers' Bill Of Rights
Status Senate Third Reading Passed - No Amendments (05/03/2019)
Bill Subjects
  • Business & Economic Development
  • Gaming
  • State Revenue & Budget
House Sponsors A. Garnett (D)
P. Neville (R)
Senate Sponsors K. Donovan (D)
J. Cooke (R)
House Committee Finance
Senate Committee Finance
Date Introduced 04/18/2019
Description

In 2018, the United States supreme court held in Murphy v.
National Collegiate Athletic Association, 138 S. Ct. 1461, that a federal
law prohibiting states from authorizing sports betting violated the tenth
amendment of the United States constitution. States may now authorize
sports betting.
The bill decriminalizes sports betting in Colorado, effective May
1, 2020, under the following conditions:
  • The collection of a tax on the net proceeds of sports betting
must be approved by the registered electors of Colorado at
the November 2019 general election;
  • Sports betting will be regulated by the department of
revenue, subject to supervision by the existing limited
gaming control commission;
  • A limited number of licenses will be issued. Persons or
entities currently licensed to conduct limited gaming (i.e.,
the owners of casinos in Central City, Black Hawk, and
Cripple Creek) are the only persons or entities eligible to
hold a master license to conduct sports betting upon
paying a license fee and submitting to background checks.
A master license entitles the licensee to contract with a
licensed sports betting operator or a licensed internet
sports betting operator, or both, for the operation of sports
betting; and
  • The state will collect a tax of 10% on the net proceeds of
sports betting activity to fund implementation of the state
water plan and other public purposes.

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Fiscal Notes Fiscal Notes (04/26/2019) (most recent)  
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