A Colorado Senate Finance committee has voted narrowly to advance sports betting legislation aimed at tightening the rules, as lawmakers raise concerns about rising gambling addiction.
The bipartisan measure, Senate Bill 131, which was introduced on February 25, passed the Senate Finance Committee on a close 5-4 vote after lengthy debate.
The main features of the bill include limiting customers to five deposits per day to prevent overuse of credit cards and banning prop bets, which allow bets on specific elements of a game or individual player performances.
The bill will also prohibit sports betting companies from sending texts and push notifications to customers and restrict certain language in gambling advertising.
