Colorado in Race to Legalize Sports Betting in 2019

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Colorado wants to join the second wave of states to legalize sports betting.However, officials in the Centennial State seem to be approaching the practice with a rational mindset uncommon to most state overseers.. Planning for sports betting seems to be a wise decision. A 2017 Oxford Economics study estimated that annual revenue from sports betting in Colorado could exceed $300 million.

States can now officially legalize sports betting if they want, after the US Supreme Court struck down the federal ban.. Interest in the legalization of sports betting has been ramping up in the US recent years, even prior to that decision from SCOTUS.. 2019 sports betting bills. There are now a variety of bills on file around the country and even some new laws on the books.

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While Montana is the latest finisher in a race to legalize sports gambling that began with a 2018 Supreme Court ruling, three others are close behind, with bills awaiting governors’ signatures. A handful more are inching toward operational sportsbooks, allowing them to tap billions in revenue, and Colorado voters will decide the issue for themselves in November.

ETA: If the sports betting bill and its 10% tax rate receive voter approval in November 2019, sports gambling will be available in the state from May 1, 2020. Colorado Sports Betting Timeline The Colorado sports betting bill, H 1327, was filed in April 2019 and cleared the house within two weeks.

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In 1949, horse and dog racing became legal (greyhound racing is now banned) and in the. Best Sportsbooks And Online Casinos in Colorado for June 2019. The reason why sports betting legalization advocates will need to endure several .

Voters could decide on legal Colorado sports betting in november; tax revenue would go toward state’s water plan. If House Bill 1327 passes the legislature and is signed off on by voters later this year, sports betting in Colorado could be a thing by May 2020

“If the people of a State support the legalization of sports gambling, as did Montana, which had betting pools for football and auto racing.. 2019 that would put a constitutional amendment to legalize sports betting on the ballot in 2020.. efforts to legalize sports betting: Alabama, Alaska, Colorado, Florida.

Legalize sports betting in Colorado. Allow Blackhawk, Central City and Cripple Creek casinos to apply for a master license for $125,000. Open sports betting in person at the casinos or through an app.