Commercial sports betting operators in Colorado will soon be paying more to do business in that state. The state Senate late Tuesday afternoon passed HB 1311, which would sunset the ability for operators to deduct sports betting promotional bets. The vote was 28-7, and there was no discussion.
Tuesday’s session was the second to last before the legislature adjourns Wednesday.
The bill moved fairly steadily from the House floor through the Senate. It passed out of the House April 28, 52-13, before passing Senate Finance Committee last Thursday, 9-0, and the Senate Appropriations Committee, 5-2, last Friday.
Per the text of the amended bill, the amount of promotional deductions will begin to step down Jan. 1, 2026, with the writeoff disappearing completely by July 1, 2026. According to a fiscal note, the change could net at least $11 million more per year in tax revenue to the state.
