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BALLOT MEASURE SUMMARY

The measure would allow the state to keep and spend all revenue from the existing sports betting tax, including revenue in excess of the $29 million approved by the voters in 2019. It would keep the already voter-approved tax rate (10%) on all revenue from sports betting in Colorado to date and in the future. Finally, it would increase the funding for water conservation and protection projects. The legislature referred this proposed statutory change to the ballot with HB24-1436.

BACKGROUND

Sports betting was approved by the voters in Proposition DD at the November 2019 election.

TABOR required an amount of tax revenue to be approved in the ballot wording, but the actual collections have exceeded the estimate of $29 million. Sports betting became legal in May 2020, both onsite at casinos in Colorado’s three gaming towns and online through licensed operators.

Revenue from the tax on betting is intended to go to water conservation and protection projects.

LINK TO FISCAL NOTE

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If approved by voters, this measure will allow the state to keep and spend all revenue from the existing sports betting tax, including revenue in excess of the $29 million annual authorization in the 2019 Proposition DD. This revenue in excess is to be transferred to the Water Plan Implementation Cash Fund to be used for water conservation and protection projects.

LEAGUE POSITION

The League supports measures that promote the wise and balanced use of water in Colorado.

LWVCO Positions for Action 2023-2024, p. 11

RATIONALE FOR STANCE

All constitutional amendments need to be voted on by Colorado If approved by the voters, the $15.2 million expected to be collected above the $29M cap would go to water projects, which would promote the wise and balanced use of water.

If the ballot measure should fail, all over-collections to date and in the future would be refunded to the licensed sports betting operations that paid the tax.

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HOW DOES THE LEAGUE TAKE A STANCE?

These two publications are designed to help League members use LWVUS and LWVCO public policy positions effectively at the state and local levels.

NOTE: For information on how to take action that the League supports or opposes, please visit our Take Action page.

LWVCO 2024 Positions for Action

LWVUS 2022-2024 Impact on Issues

QUICK REERENCE GUIDE

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