Prohibition on prop bets stripped from Colorado problem gambling bill
A proposed ban on proposition bets was removed from a Colorado bill aimed at curbing gambling addiction due to industry pressure and budget concerns.Summary
Colorado's Senate Bill 131, introduced to address rising gambling addiction following the legalization of online sports betting in 2020, initially included a ban on proposition bets. However, the provision was stripped from the bill due to pressure from the gambling industry and concerns over lost tax revenue, which funds water projects. The estimated revenue loss from banning prop bets was over $2 million annually. Despite the removal, the bill retains other measures to curb addiction, such as restricting credit card usage, limiting deposits, and banning push notifications from betting apps. Public health advocates, including Sen. Matt Ball, argue that the remaining provisions still offer significant protections. The bill is set for debate on the Senate floor, while two other gambling-related bills are also pending.
(Source：The Denver Post)