Colorado Voted Yes to Sports Gambling

The state of Colorado announced Wednesday that it would hold a recount of ballots cast on Proposition DD, the measure that if approved, would make it the 18th U.S. state to legalize sports betting.

On election day Tuesday, Colorado voters opted to legalize sports betting across the state – but just barely.

Despite widespread bi-partisan support, Proposition DD, the measure that would legalize and tax sports wagering in Colorado in order to create a dedicated stream of funding for the Colorado Water Plan, won by the narrowest of margins – 50.48 to 49.52 percent, a margin of just over 13,000 out of over 1.35 million ballots cast.

If the recount holds up those numbers, the plan calls for legalized sports betting to begin in Colorado on May 1. The 17 casino operators would be eligible to apply for licences for brick-and-mortar and/or online sportsbooks. Those successful in gaining a licence will pay a 10 percent tax on their next proceeds to help offset a projected $100 shortfall in Colorado’s water plan.

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