HB 25-1311 CO

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Became Law

As approved by voters in 2019, a tax of 10% is imposed on net sports betting proceeds. For the purpose of calculating its net sports betting proceeds, a sports betting operator or internet sports betting operator (sports betting operator) has been allowed to deduct all payments to players, all federal excise taxes paid, and a certain percentage of free bets placed by players as follows: Between July 1, 2025, and June 30, 2026, no more than 2% of total free bets placed each month; and On and after July 1, 2026, no more than 1.75% of total free bets placed each month. The act alters the percentage of free bets that a sports betting operator is allowed to deduct so that: Between July 1, 2025, and December 31, 2025, no more than 2% of total free bets placed each month may be deducted; and Between January 1, 2026, and June 30, 2026, no more than 1% of total free bets placed each month may be deducted. Beginning on July 1, 2026, the act removes the deduction for all free bets placed. For the 2025-2026 state fiscal year, $17,135 is appropriated from the sports betting fund to the department of revenue for personal services and tax administration IT system support. (Note: This summary applies to this bill as enacted.)

• Julie McCluskie Democratic · primary
• Matt Soper Republican · primary
• Dylan Roberts Democratic · primary

1. May 15, 2025 Governor Signed · executive
2. May 12, 2025 Sent to the Governor · executive
3. May 12, 2025 Signed by the President of the Senate · upper
4. May 12, 2025 Signed by the Speaker of the House · lower
5. May 7, 2025 House Considered Senate Amendments - Result was to Concur - Repass · lower
6. May 6, 2025 House Considered Senate Amendments - Result was to Laid Over Daily · lower
7. May 6, 2025 Senate Third Reading Passed - No Amendments · upper
8. May 5, 2025 Senate Third Reading Laid Over Daily - No Amendments · upper
9. May 2, 2025 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
10. May 2, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
11. May 1, 2025 Senate Committee on Finance Refer Amended to Appropriations · upper
12. Apr 29, 2025 Introduced In Senate - Assigned to Finance · upper
13. Apr 28, 2025 House Third Reading Passed - No Amendments · lower
14. Apr 25, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
15. Apr 25, 2025 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
16. Apr 21, 2025 House Committee on Finance Refer Amended to Appropriations · lower
17. Mar 28, 2025 Introduced In House - Assigned to Finance · lower