Sweeping Colorado sports betting bill approved on deadline day
The Colorado sports betting market could undergo a major overhaul if a bill passed Wednesday by the state legislature receives approval from Gov. Jared Polis.
The state Senate agreed to minor amendments approved earlier this week by the House, then narrowly backed the measure, 20-15, to clear it on the final scheduled day of the 2026 legislative session. Polis now has 30 days to decide whether to sign the bill, veto it or allow it to become law without his signature.
If enacted, SB 131 would put in place sweeping player protection measures. Those include a ban on credit card deposits and daily limits on how frequently a bettor can fund their online wagering account.
While creating stronger safeguards for most players, the CO sports betting bill also would score a major victory for professional bettors by preventing sportsbooks from limiting an account, with the exceptions of suspicious activity and responsible gambling concerns.
Legislators initially attempted to outlaw player prop..