Colorado water projects to receive nearly $11.4M from sports betting tax revenue

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Published Friday, September 16, 2022
by Chris Woodward

(The Center Square) - Water projects in Colorado are set to see a nearly $11.4 million boost thanks to tax revenue from sports betting.

The Colorado Limited Gaming Control Commission (CLGCC) Thursday approved almost $12.5 million total in distributions, with a majority going to the Colorado Water Plan. The $11.4 million distribution for water projects is 43 percent more than last year's $7.9 million distribution, according to the state's Division of Gaming.

Sports betting became legal in May 2020 after Colorado voters passed Proposition DD, and now involves two dozen internet operators and 15 retail locations. According to the CLGCC, over $7.88 billion has been wagered in the state since legalization.

Revenue from the 10 percent tax on sports betting goes towards the Colorado Water Plan.

Other funds that receive tax revenue from sports betting are the Hold Harmless Fund and the Office of Behavioral Health. may earn an affiliate commission if you purchase products or services through links in an article. Prices, when displayed, are accurate at the time of publication but may change over time. Commissions do not influence editorial independence.

The Kiowa County Press is an independent newspaper published in Eads, Kiowa County, Colorado, and to the world at