Colorado Senators remove prop bet ban from sports betting reform bill
Senators in Colorado voted on Tuesday to advance a sports betting reform bill to the full chamber floor, but not before they struck a proposed ban on prop bets from the legislation.
Senate Appropriations Committee members voted narrowly 4-3 to advance the bipartisan Senate Bill 26-131 to the Committee of the Whole on April 21. It could be read at second reading there as early as April 23.
The bill, which has one Democrat and one Republican sponsor attached in both the Senate and the House of Representatives, is a wide-ranging responsible gambling bill aimed at implementing more safeguards and limitations on how licensed sports betting platforms can operate in the state.
Prop bet ban would cost too much
However, before the committee passed it on Tuesday, members approved an amendment via a 5-2 vote that scratched a proposed ban on prop wagers.
The original form of the bill proposed defining a proposition bet as one that is made on an individual athlete’s performance, a specific off..