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CO HB1311
Bill
Status
Passed
5/15/2025
Primary Sponsor
Julie McCluskie
Click for details
AI Summary
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Sports betting operators may deduct no more than 2% of total bets as free bets from July 1, 2025 through December 31, 2025, reduced from the previous end date of June 30, 2026
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Free bet deduction limit drops to 1% (from 1.75%) of total bets from January 1, 2026 through June 30, 2026
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Starting July 1, 2026, sports betting operators are prohibited from deducting any free bets when calculating net sports betting proceeds
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$17,135 appropriated from the sports betting fund to the Department of Revenue for FY 2025-26 to implement the changes, including $13,906 for tax system support
Legislative Description
Deductions for Net Sports Betting Proceeds
Gaming, Lottery, & Racing
Last Action
Governor Signed
5/15/2025
Committee Referrals
Appropriations5/1/2025
Finance4/29/2025
Committee of the Whole4/25/2025
Appropriations4/21/2025
Finance3/28/2025
Full Bill Text
No bill text available