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Colorado Proposition DD: Increase taxes to fund water projects, commitments; tax and regulate sports betting
10th October, 12:03What it asks: "Shall state taxes be increased by twenty-nine million dollars annually to fund state water projects and commitments and to pay for the regulation of sports betting through licensed casinos by authorizing a tax on sports betting of ten percent of net sports betting proceeds, and to impose the tax on persons licensed to conduct sports betting operations?"
What it means: The measure will allow the legislature to authorize sports betting and create a 10% tax on sports betting proceeds to be levied on those who conduct sports betting operations. The new revenues will help take care of the administration and regulation of sports betting in Colorado, and will be used to fund water projects and water-related obligations. The measure is on the ballot because the Colorado constitution requires the voters to approve new taxes.
What supporters say: It will protect the state's scarce water resources as the state's population continues to grow.
Legalizing sports betting in Colorado will create consumer protections for people who place sports bets, ensuring that they receive their winnings and do not fall victim to fraud or abuse.
What opponents say: Proposition DD may contribute to gambling addiction as people will be able to make bets online or on mobile sports betting platforms operated by Colorado casinos. It puts no limits on the amount a person can bet on sports. Of the millions in potential revenue, only $130,000 each year is dedicated to gambling addiction services, and this amount does not grow with any increase in sports betting activity.
The measure aims to take care of Colorado's water needs without providing enough detail or money. Specific water projects are not identified, and some may have potential unintended consequences for the environment and some communities. Also, it will pay for only a portion of the Colorado Water Plan.