CO SB131

SB26-131: Protections Against Abusive Practices in Sports Betting

• Internet sports betting operators are prohibited from accepting more than 5 deposits per individual in a 24-hour period, sending push notifications or texts soliciting bets, and limiting bets/deposits for winning players unless suspicious activity or gambling disorder is indicated.

• Proposition bets (wagers on individual athlete performance, penalties, injuries, etc.) and credit card deposits for sports betting are banned, with violations constituting a class 2 misdemeanor and subject to penalties up to $25,000.

• Sports betting advertisements cannot include "bonus," "no sweat," or similar enhanced payout promotions, instructions on placing bets, or be broadcast between 8 a.m. and 10 p.m. or during live athletic competitions.

• Operators cannot compensate third-party advertisers based on number of new patrons, bet volume, or bet outcomes; annual transactional data must be submitted to the Division of Gaming, which will publish public reports every 3 years starting January 1, 2029.

• Annual transfers from the sports betting fund to the water plan implementation cash fund must be no less than the previous fiscal year's transfer amount, subject to available funds.