Unleashing the Latest on HB 1311: A Game-Changer for Colorado's Sports Betting Landscape
Bill postpones levy on promotional sports wagers until 2026 legislative term in Colorado
Michael "The Gambling Guru" Savio drops knowledge bombs on the US online casino scene, giving readers the good stuff that other cats can't offer. With his deep roots in the retail casino world during his Vegas days and his keen eye on the online boom, Michael's got you covered on all things casino, review, and industry news. Check out his hottest takes at casinos.com!
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HB 1311, the bill vying for a revamp in Colorado's sports betting tax policies, has seen some major movements:
- Bill's Journey: The Colorado Senate greenlighted HB 1311, sending it to the House for a final vote[2][3]. The bill seeks to axe deductions for free bets that players place, forcing operators to forks over taxes on these wagers, boosting state coffers[2][3].
- Deadline Dance: Initially slated to kick off on September 1, 2025, the start date has been bumped to July 1, 2026[1][2]. This extra time gives operators a breather before tax-free bets are history.
- Moolah Matters: The new laws are expected to inflate the Sports Betting Fund's revenue by roughly $3.2 million in FY 2025-26, with future years promising even bigger bucks[2]. The additional coin will be funneled into the Water Plan Implementation Cash Fund among other state funds[2].
- Political Push: The House Finance Committee endorsed HB 1311, and it has garnered support from key lawmakers[3]. However, the legislative session has wrapped up, leaving the bill's final status up in the air as of now[4].
In Michael Savio's comprehensive coverage, he discusses how HB 1311's passage could expand Colorado's sports betting landscape, potentially influence online casino platforms like sports betting in Las Vegas and other major sports cities. With attention on the bill's upcoming vote in the House, Savio also reveals that changes to tax policies could affect gambling experiences, including sports betting, in the near future.
