The cap on sports wagering taxes that go toward state water projects is currently $29 million. Colorado voters have the option to raise it this November.
Sports betting operations in Colorado are currently subject to a 10% tax rate. The revenue generated is split between water projects and operator oversight, with a maximum of $29 million going to each of the two.
Sports betting operations in Colorado are currently subject to a 10% tax rate. The revenue generated is split between water projects and operator oversight, with a maximum of $29 million going to each of the two.