· CO legislature · 2025A

Deductions for Net Sports Betting Proceeds

As approved by voters in 2019, a tax of 10% is imposed on net sports betting proceeds. For the purpose of calculating its net sports betting proceeds, a sports betting operator or internet sports betting operator (sports betting operator) has been allowed to deduct all payments to players, all federal excise taxes p…

Sponsor

Matt Soper (R-CO)

Introduced

2025-05-15

Policy area

Taxation

Latest action

Introduced In House - Assigned to Finance