An effort to send Colorado sports betting to the ballot this fall is zipping through the state legislature this month.
Just two weeks after being introduced, H 1327 cleared the House last week and appears on its way to the Senate floor. The bill passed through the Senate’s Finance and Appropriations committees in the past couple of days.
Only one major amendment arose in committee. A “hold-harmless” fund equal to 6 percent of the sports betting tax collection will be set aside to offset any potential hardships from the advent of wagering.
Colorado’s legislature is set to adjourn by the end of the week. These fast moves are standard operating procedure for a bill that appears this late in a session.
CO sports betting a multi-step process
Most important to note is…