This legal document authorizes and regulates limited gaming and sports betting in Colorado. It states that limited gaming and sports betting may be operated and maintained subject to the provisions outlined in Article 30. The document also specifies that all limited gaming and sports betting authorized by this article are subject to regulation by the commission. The document includes information about the legislative history of the article, including amendments made in 2018 and 2019.

This legal document governs the issuance, denial, suspension, revocation, and renewal of sports betting licenses in Colorado. The Colorado Limited Gaming Act empowers the commission to assess fines and penalties for violations of this part. The commission’s licensing rules include requirements related to the financial responsibility of the licensee, the licensee’s source of revenue for its sports betting operations, the character of the licensee, the trustworthy operation of the sports betting activity, and other matters necessary to protect the public interest and trust in sports betting.

This legal document governs the disclosure of information by corporate applicants for a sports betting license and licensees. It applies to corporate applicants for a sports betting license and licensees. The document requires corporate applicants and licensees to disclose the identity of board-appointed officers, directors, persons holding voting or controlling interests, persons holding nonvoting or passive ownership interests, holding/intermediary/subsidiary companies, and lenders with outstanding loans. The qualifications of individuals associated with holding/intermediary/subsidiary companies must also be established and maintained.

This legal document imposes a tax on sports betting activity at a rate of ten percent of net sports betting proceeds. The tax is collected in a form and manner established by the commission. All proceeds of the sports betting tax are forwarded to the state treasurer and credited to the sports betting fund. This document was added to the Colorado Revised Statutes through HB 19-1327 and took effect on May 1, 2020, following the approval of proposition DD by voters in the November 2019 statewide election.

This document outlines the penalties for violations of the Colorado Limited Gaming Act related to sports betting. It states that a person who violates section 44-30-1511 commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501. Additionally, a person violating the acceptance of bets restrictions of section 44-30-1511 (1)(b) may also be prosecuted for contributing to the delinquency of a minor under section 18-6-701. Furthermore, a person who purports to issue, suspend, revoke, or renew licenses for personal pecuniary gain or violates section 44-30-1502 commits a class 3 felony and shall be punished as provided in section 18-1.

[Editor’s note: This section is effective July 1, 2023.] Before making a payment of cash winnings, a licensee shall comply with the requirements of article 33 of this title 44. Source: L. 2022: Entire section added, (HB 22-1412), ch. 405, p. 2876, 11, effective July 1, 2023.

This legal document outlines the disqualification criteria for obtaining a license under the Colorado Limited Gaming Act. The document specifies that the commission may deny a license to any applicant who fails to prove their qualification in accordance with the provisions of the article, fails to provide required information or documentation, or provides false or misleading information. The document also lists various convictions that can lead to disqualification, including felony and misdemeanor offenses related to gambling, theft, fraud, and misrepresentation.

(1) On or before October 1, 2023, and on or before October 1 each year thereafter, the following licensees shall submit to the director a report that describes the efforts of the licensee in the preceding state fiscal year to promote responsible gaming in the state via advertising and other promotional methods and the licensee’s plans concerning such promotional efforts in the current state fiscal year: (a) Retail licensees, as described in section 44-30-501 (1)(c); (b) Sports betting operators, as defined in section 44-30-1501 (11); and (c) Internet sports betting operators, as defined in section 44-30-1501 (5).

This section of the Colorado Limited Gaming Act establishes the criteria for various entities involved in limited gaming operations. It applies to persons licensed under Article 30, including officers, directors, and stockholders of privately held and publicly traded corporations, general and limited partners of partnerships, and individuals connected with other licensed organizations. Additionally, it applies to persons contracting with or supplying goods or services to the commission or division, those providing financing or loans to licensees, and those having ongoing financial or business arrangements related to limited gaming operations.

No person licensed under this article 30 may extend credit to another person for participation in limited gaming. Source: L. 2018: Entire article added with relocations, (SB 18-034), ch. 14, p. 210, 2, effective October 1. Editor’s note: This section is similar to former 12-47.1-815 as it existed prior to 2018.