"Colorado lawmakers are pushing ahead with a broad overhaul of the state's sports betting industry, approving a measure that would tighten advertising standards, limit how often gamblers can deposit money, and block the use of credit cards for wagers."
"Lawmakers said the proposal is meant to address the explosive growth of online gambling since Colorado legalized sports betting in 2019. The bill's legislative declaration states that more than $6.3 billion in online sports wagers were placed statewide in 2025, an increase of more than 130% compared with 2020 activity."
"State officials also pointed to rising concerns about addiction and the impact betting advertisements may have on younger audiences. The legislation notes that "calls and texts to the problem-gambling helpline increased by about 45% in the year after legalization of online sports betting." Lawmakers also wrote that "more than half of 18- to 22-year-olds have engaged in some form of sports betting.""
"Under the proposal, sportsbook operators could not accept more than six separate deposits from the same person during a continuous 24-hour gaming period. Companies would also be banned from sending text messages or push notifications encouraging users in Colorado to place wagers or add funds to acc"
Colorado lawmakers approved Senate Bill 131 to overhaul the state’s sports betting industry. The measure passed House third reading by a 50-13 vote and now requires a procedural Senate concurrence before moving to Gov. Polis. The bill targets rapid online gambling growth since legalization in 2019, including more than $6.3 billion in wagers in 2025, up over 130% from 2020. It adds restrictions on operators and advertising, citing increased addiction concerns and effects on younger audiences. The proposal limits operators to no more than six deposits from the same person within a continuous 24-hour period and bans encouraging texts or push notifications to users in Colorado. It also blocks the use of credit cards for wagers.
#sports-betting-regulation #advertising-restrictions #gambling-addiction #deposit-limits #colorado-legislation
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