summary
Introduced
02/25/2026
02/25/2026
In Committee
02/25/2026
02/25/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The bill creates certain requirements and prohibitions related to sports betting. Section 2 of the bill adds definitions to the statutes regulating sports betting. Section 3 prohibits a person licensed by the Colorado limited gaming control commission (commission) to operate an internet sports betting operation (internet sports betting operator) from: ! Accepting more than 5 separate deposits from an individual in a 24-hour period; ! Limiting the size and frequency of deposits or bets because an individual obtains a financial benefit as a result of placing the bet or due to the individual's betting activities, unless the betting activities constitute a suspicious betting activity or are indicative of a gambling disorder; or ! Initiating or sending mobile device push notifications or text messages to account holders in the state soliciting bets or deposits. Section 4 prohibits a person from: ! Including enhanced payout promotions or information on how to place a sports bet in an advertisement or promotion for a sports betting operation; or ! Broadcasting an advertisement or promotion for a sports betting operation from 8 a.m. to 10 p.m. or during a live broadcast of an athletic competition. Section 4 also requires: ! A sports betting operator or internet sports betting operator to comply with certain requirements in contracting with and compensating a third party for marketing and advertising services; and ! An internet sports betting operator to provide to the division of gaming in the department of revenue data and metrics related to the operator's sports betting operation for the preceding calendar year. The division must comply with certain confidentiality requirements and compile the data into a public report every 3 years starting on January 1, 2029. Section 5 prohibits an internet sports betting operator from offering or accepting a proposition bet or directly or indirectly accepting deposits using a credit card in connection with the acceptance of a sports bet (prohibitions). A violation of a prohibition constitutes a class 2 misdemeanor. Section 6 allows the commission to assess a maximum penalty of $25,000 against a violator of a prohibition. Section 7 requires that the amount of money annually transferred from the sports betting fund to the water plan implementation cash fund is no less than the amount transferred to the water plan implementation cash fund in the previous state fiscal year, to the extent the unexpended and unencumbered money in the sports betting fund permits.
AI Summary
This bill aims to enhance protections and regulations surrounding sports betting in Colorado, particularly concerning internet sports betting operators. It introduces new definitions for terms like "gambling disorder" and "proposition bet," which is a bet on an individual athlete's performance or specific events within a game rather than the overall outcome. The bill prohibits internet sports betting operators from accepting more than five deposits from an individual in a 24-hour period and from limiting bet sizes or deposit frequency unless it's due to suspicious betting activity or a diagnosed gambling disorder. It also bans operators from sending unsolicited promotional messages to account holders and restricts advertising by prohibiting enhanced payout promotions and information on how to place bets, as well as limiting broadcast times for advertisements to avoid airing them during sensitive hours like daytime or live sporting events. Furthermore, the bill requires operators to have specific contract terms with third-party advertisers and mandates that internet sports betting operators provide data on their operations to the division of gaming for public reporting every three years. It also prohibits proposition bets and the use of credit cards for deposits in sports betting, with violations being a misdemeanor and subject to significant fines. Finally, the bill ensures a minimum annual transfer of funds from the sports betting fund to the water plan implementation cash fund, provided sufficient money is available.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Senate Finance Committee Hearing (14:00:00 3/17/2026 SCR 357) (on 03/17/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://leg.colorado.gov/bills/SB26-131 |
| BillText | https://leg.colorado.gov/bill_files/112612/download |
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