DENVER—On Friday Senator Ron Tupa (D-Boulder) introduced SCR08-08, which would eliminate the $5 betting cap in Colorado’s casinos.
The measure is a proposed constitutional amendment and requires a 2/3 supermajority in both the Senate and the House before going before Colorado voters in November.
“The public mood has really changed in the last twenty years toward gaming revenues as a way to pay for state services,” said Tupa. “The projected revenues for the first year alone are $40-50 million. That’s money that could go to pay for things like roads, bridges, public safety and other critical services. I think it’s time the people of Colorado had a say on this issue.”
The proposal could be considered by the Senate as early as the end of this week.
