Home » Colorado Still Unsure about Legalizing Sports Gambling
Sports Betting

Colorado Still Unsure about Legalizing Sports Gambling

The move to legalise sports gambling in Colorado is not getting the kind of support proponents had envisioned. Since legalising sports wagering will have a positive impact on the state’s revenues, the choice is currently in the hands of voters, who are in the process of determining the law’s fate.

The bill has encountered a lot of opposition, but, it is quite early to predict what the final vote will be. It could go either way. The bill might pass, or conservative may vote against it because they want things to remain as they have been.

According to the Colorado Independent, the vote is split in between. About 46 of the 56 regions in the state of Colorado have counted their votes. So, it is possible for the decision to shift either way. Currently, the vote is 50.1 per cent in favour and 49.9 per cent against.
Those who conjured this bill were ready for a tight run. Curtis Hubbard, who was speaking on behalf of the campaign stated that they expected things to be tight to the end. He added that his campaign is banking on voters in the Denver area.

The race is tight primary due to the wording in the bill, which says

“Shall state taxes be increased by twenty-nine million dollars annually to fund state water projects and commitments…by authorising a tax on sports betting of ten per cent…”

Because the focus is going to be on the phrase about increased taxes and not on legalising sports gambling, most voters will be looking at a scenario where they may have to pay more in terms of tax, which is not the point here.

Users of social media are going to follow up on the progress of the votes as the numbers trickle in. Most of those reacting to this bill have expressed concern that additional support hasn’t been provided.

The campaign has had plenty of support mainly from many businesses and they have managed to raise more than $2.4 million to get things moving along.

Source: https://calvinayre.com/2019/11/06/business/colorados-vote-sports-gambling-remains-air/

About the author

Catherine Wambui

Catherine Wambui

Catherine Nyaga is a freelance writer covering Real Estate and Technology. Her other interests include Nature, pets and accounting. She recently graduate from Nairobi University with a degree in Accounting.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.

Trending Now