Legalized sports gambling was narrowly approved by Colorado voters in November 2019. The program was designed to provide tax revenue for the state's water plan. Once operating costs are covered — and $130,000 can be provided to gambling addiction services — tax revenue from sports betting will go toward the water fund.
But shortly after voters passed the measure, the state Joint Budget Committee in a memo projected less tax revenue than expected from sports betting, warning that Colorado could possibly only generate a fraction of the previously reported revenue estimates.
Still, even during the pandemic, when most U.S. sports were on hold as sports betting launched in Colorado in May, Coloradans placed millions of bets on sports such as European table tennis and South Korean baseball.
With sports betting legal in Colorado, are you betting on Super Bowl LV? Voting has closed:
- 91% or 320 voted no
- 9% or 33 voted yes
Editor's note: This poll is not based on scientific, representative samples and is solely for KOAA purposes.
