2023 Colorado Revised Statutes › Title 44 - REVENUE - REGULATION OF ACTIVITIES (§§ 44-1-101 — 44-50-1001) › GAMING AND RACING (§§ 44-30-101 — 44-33-108) › Article 30 - COLORADO LIMITED GAMING ACT (§§ 44-30-101 — 44-30-1703) › Part 15 - SPORTS BETTING (§§ 44-30-1501 — 44-30-1519) › Section 44-30-1501 - [Effective Until 8/7/2024] Definitions - rules

Definitions applicable to this part 15 also appear in section
44-30-103
and article
1
of this title 44. As used in this part 15, unless the context otherwise requires:
(1)
"Casino" means a licensed gaming establishment as defined in section
44-30-103 (18)
.
(2)
"Collegiate sports event" means a sports event offered or sponsored by or played in connection with a public or private institution that offers educational services beyond the secondary level.
(3)
"Fantasy sports activity" means the conduct of, or participation in, a fantasy contest as defined in section
44-30-1603 (4)
.
(4)
"Internet sports betting operation" means a sports betting operation in which wagers on sports events are made through a computer or mobile or interactive device and accepted by an internet sports betting operator.
(5)
"Internet sports betting operator" means a person licensed by the commission to operate an internet sports betting operation.
(6)
"Master license" means a sports betting license, issued by the commission pursuant to section
44-30-1505 (1)(a)
, that authorizes the licensee to either conduct sports betting and internet sports betting itself or contract with a sports betting operator, an internet sports betting operator, or both, to conduct sports betting.
(7)
(a)
"Net sports betting proceeds" means the total amount of all bets placed by players in a sports betting operation or internet sports betting operation, less all payments to players, less free bets as described in subsections (7)(b) and (7)(c) of this section, and less all excise taxes paid pursuant to federal law. Payments to players include all payments of cash premiums, merchandise, or any other thing of value.
(b)
Repealed.
(c)
(I)
On and after January 1, 2023, when determining the free bets deduction used for calculating "net sports betting proceeds" each month, as described in subsection (7)(a) of this section, a sports betting operator or internet sports betting operator shall include only a portion of the total free bets placed by players with the sports betting operator or internet sports betting operator, as follows:
(A)
On and after January 1, 2023, through June 30, 2024, no more than two and one-half percent of the total amount of all bets placed by players with that sports betting operator or internet sports betting operator each month;
(B)
On and after July 1, 2024, through June 30, 2025, no more than two and one-fourth percent of the total amount of all bets placed by players with that sports betting operator or internet sports betting operator each month;
(C)
On and after July 1, 2025, through June 30, 2026, no more than two percent of the total amount of all bets placed by players with that sports betting operator or internet sports betting operator each month; and
(D)
On and after July 1, 2026, no more than one and three-quarters percent of the total amount of all bets placed by players with that sports betting operator or internet sports betting operator each month.
(II)
For the purposes of subsection (7)(c)(I) of this section, a sports betting operator or internet sports betting operator shall not:
(A)
Carry over to the next month any free bets placed in excess of the deduction allowed for any month; or
(B)
Carry forward any unused free bet credits accumulated before January 1, 2023.
(8)
"Prohibited sports event" means:
(a)
A high school sports event;
(b)
A video game that is not sanctioned by a sports governing body as an electronic competition; and
(c)
Only with respect to proposition bets, a collegiate sports event.
(9)
"Sports betting license" means any of the licenses specified in section
44-30-1505 (1)
.
(10)
"Sports betting operation" means a licensed wagering operation in which bets are placed on sports events through any system or method of wagering, including single-game bets, teaser bets, parlays, over-under, moneyline, pools, exchange wagering, in-game wagering, in-play bets, proposition bets other than those relating to collegiate sports events, or straight bets.
(11)
"Sports betting operator" means a person that is licensed to operate a sports betting operation in which customers place bets in person at a designated physical location.
(12)
(a)
"Sports event" means:
(I)
Any individual or team sport or athletic event in which the outcome is not determined solely by chance, whether amateur or professional, including an Olympic or international sport or athletic event and any collegiate sports event;
(II)
Any portion of a sport or athletic event listed in subsection (12)(a)(I) of this section, including the individual performance statistics of athletes in a sports event or combination of sports events;
(III)
A sanctioned motor sport, as authorized by the commission by rule; and
(IV)
Any other sports event or combination of sports events as authorized by the commission by rule.
(b)
"Sports event" does not include a prohibited sports event or a fantasy sports activity.
(13)
"Sports governing body" means an organization that performs a regulatory or sanctioning function over the conduct of a sports event.
Amended by 2022 Ch. 402, § 6, eff. 8/10/2022.
Amended by 2020 Ch. 269, § 3, eff. 7/10/2020.
Added by 2019 Ch. 347, § 12, eff. 5/1/2020.
L. 2019: Entire part added, (HB 19-1327), ch. 3216, p. 3216, § 12, effective 5/1/2020. L. 2020: (3) amended, (HB 20-1286), ch. 1311, p. 1311, § 3, effective July 10.
Section 16(2) of chapter 347 (HB 19-1327), Session Laws of Colorado 2019, provides that this section takes effect May 1, 2020, only if, at the November 2019 statewide election, a majority of voters approve the ballot question submitted pursuant to §
44-30-1514
. That ballot question, referred to the registered electors as proposition DD, was approved on November 5, 2019, and was proclaimed by the Governor on December 20, 2019. The vote count for the measure was as follows:
FOR:800,745
AGAINST:756,712
2022 Ch. 402, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
This section is set out more than once due to postponed, multiple, or conflicting amendments.