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- A Colorado bill designed to increase sports betting protections dropped a controversial prop betting ban
- Sen. Matt Ball’s (D-31) bill was amended this week
- Bill still prohibits credit card use for sports betting accounts, limits account deposits, and eliminates push notifications
A Colorado sports betting bill designed to increase customer protections has dropped a controversial prop betting ban, but still includes several safeguards for sports betting users in the state.
Sen. Matt Ball’s (D-31) bill, SB 26-131, was amended this week to strike a measure that would have prohibited all prop bets in the state. The legislation still prohibits certain account deposit methods, eliminates push notifications or text message to solicit bets, and limits the number of times users can deposit into their accounts.
Members of the Senate Finance Committee approved the amendment earlier this week.
Prop Bets Are Big Revenue
Members of the Senate Finance Committee shared concerns that the elimination of prop bets in Colorado would greatly reduce revenue for the state’s water infrastructure. The bill’s fiscal report shows a potential $2.4 million revenue decrease in 2026-27, a $2.6 million decrease in 2027-28, and a $2.7 million decrease in 2028-29.
However, with the elimination of the prop ban, the bill will now only decrease revenues in 2026-27 by about $800,000.
Ball’s legislation, if signed into law, will still prohibit the use of credit cards for sports gambling accounts and will limit sports betting users from depositing funds more than five times in a 24-hour period.
Additionally, the legislation will prohibit mobile phone push notifications or text messages soliciting bets, prohibit bonus payouts as promotional offers for placing an online sports bets, and restrict sports betting gambling advertisements during peak viewing hours. The bill will prohibit sports betting gambling advertisements in the state from 8 a.m. to 10 p.m., or during the broadcast of a live sports event.
The legislation also allows the Colorado Gaming Control Commission to to assess a maximum penalty of $25,000 against a violator of a prohibition.
Passes Committee, Moves to Senate
The bill, without the prop ban, passed the Senate Finance Committee and now moves to the Senate floor for potential consideration.
Even though the bill’s prop betting prohibition has been removed, the legislation will still cost the state about $1.25 million over the first two years if approved. The bill requires the state to collect revenue data and metrics related to sports betting from its sports betting operators to compile a report to be published by Jan. 1, 2029.