(DENVER, CO – May 3, 2019) The Colorado Legislature approved a bill today for a measure to legalize sports betting and dedicate a 10% tax on net profits to protect and conserve our state’s water. The measure will go to voters for approval this fall.
The bill enjoyed widespread, bipartisan support, clearing the House in a 58-6 vote and the Senate in a 27-8 vote. Environmental Defense Fund was a key member of a large, diverse coalition of supporters of the bill, including the Colorado Cattlemen’s Association, Colorado Municipal League, Colorado River District, Denver Metro Chamber of Commerce, Denver Water, Conservation Colorado and Western Resource Advocates.
Colorado is one of several states considering a sports betting tax since a Supreme Court decision last year gave states such authority.
“Colorado leaders are making a safe bet to ensure a more resilient future for our thriving communities, agriculture, businesses, recreation and wildlife. We are hopeful voters will recognize the urgent need to protect our most precious resource, water, and that this measure will be a slam dunk at the ballot box this fall.”
- Brian Jackson, Senior Manager, Western Water, Environmental Defense Fund
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