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Bill Detail: HB20-1286

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Title Sunset Regulation Of Fantasy Sports
Status Introduced In House - Assigned to Business Affairs & Labor (02/04/2020)
Bill Subjects
  • Business & Economic Development
  • Gaming, Lottery, Racing
House Sponsors A. Garnett (D)
D. Williams (R)
Senate Sponsors T. Story (D)
House Committee Business Affairs and Labor
Senate Committee
Date Introduced 02/04/2020
Description

Sunset Process - House Business Affairs and Labor
Committee. The bill implements the recommendations of the department

of regulatory agencies' sunset review and report of the Fantasy Contests
Act by:
  • Extending the repeal date of the regulatory provisions until
September 1, 2027 (sections 1 and 2 of the bill);
  • Transferring regulatory authority over fantasy contest
operators from the director of the division of professions
and occupations in the department of regulatory agencies
to the director of the division of gaming in the department
of revenue (sections 2 through 12); and
  • Requiring small fantasy contest operators (i.e., those with
7,500 or fewer active customer accounts in Colorado) to
undergo annual audits by an independent third party and
submit the results to the department of revenue, as larger
operators are currently required to do (section 2).

Committee Reports
with Amendments
None
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/27/2020) (most recent)  
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