Sports Betting Supporters Declare Proposition DD Victory

It appears legal sports gambling is coming to Colorado. Supporters of Proposition DD declared victory yesterday afternoon following Tuesday's election. The measure appeared to pass by a slim margin. Operators of existing casinos in the state will be allowed to apply for licenses for on-site or online betting. There will be a tax on proceeds, which will go toward water projects in Colorado. It's estimated that revenues from sports betting will bring in as much as 29-million-dollars a year. Wagers can start being placed as soon as next May.

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