CO SB117

Defines "gross receipts" for out-of-state simulcast facilities as money received by a Colorado licensee after the out-of-state facility deducts its required costs, signal fees, and taxes to regulatory and taxing authorities.

Adds new subsection (7.5) to Colorado Revised Statutes 44-32-102 to establish this definition in the racing statutes.

Applies to racing or simulcast facility licensees for greyhounds or horses that receive money from out-of-state pari-mutuel wagering facilities.

Takes effect June 1, 2022.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety.