Here's the link to the bill, sponsored by the State House leaders of both the GOP and the Democrats, that would allow Colorado voters to approve sports gambling in our state. Physical locations would be limited to current gaming license holders in the mountain towns of Black Hawk, Central City and Cripple Creek.
However those who would want to create their own online gaming app could negotiate a license through the 17 "master licensees". Note: "Brick-and-mortar" sports gambling establishments outside of those towns will NOT be permitted by this bill.
The bill, if approved by voters, would specify the use of the tax revenue generated by the 10% tax on the casinos' sports gaming profits, including to the State Water Plan. At this point they're only talking about $10 million to $20 million in tax revenue, which is a lot of money for you and me but not much for a state government, meaning it makes sense to earmark it to a project of limited scale and cost.