COLORADO SPRINGS, Colo. (KKTV) – Extra Colorado residents are betting on sports activities and state official say tax income is hovering.
In accordance with state data, complete gross gaming income (gross wagers minus funds to gamers) in January 2024 got here out to $53,490,322.54, far above the quantity recorded in January 2023 of $35,482,561.83.
These on the Colorado Division of Gaming mentioned they like what they see in the case of the tax income generated.
“We proceed to see robust numbers month over month and 12 months over 12 months,” director Christopher Schroder mentioned. “In January, we noticed our first time we ever hit $4 million in tax income since sports activities betting launched in Might 2020.”
He mentioned the the tax income goes to quite a few locations.
“Primarily this goes to the state historic fund, it goes to the universities, Central Metropolis, Blackhawk, Cripple Creek, Gilpin and Teller counties and all remaining funds are given to the Water Plan implementation money fund,” Schroder mentioned.
One Colorado Springs sports activities bettor mentioned he’s not stunned that sports activities playing continues to develop in reputation.
“I believe the development goes to maintain going upwards,” Trevor Lucht mentioned. “Lots of the youthful era likes to sports activities guess, primarily, they assume it’s free cash which it just about is till taxes hit.”
Schroder mentioned there isn’t a telling simply how a lot income sports activities playing may web the state.
“I believe the sky is the restrict, however I additionally assume that it’s essential to acknowledge that our aim is for it to be carried out responsibly,” he mentioned.
For those who assume you or somebody you like has a playing drawback, help is accessible. You possibly can attain the 24 hour confidential hotline by calling or texting 1-800-GAMBLER.
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