Here’s the release from the Southeastern Colorado Water Conservancy District (Chris Woodka):
District Supports Sports Betting for Water Projects
The Southeastern Colorado Water Conservancy District Board of Directors [September 17, 2019] voted to support a measure that would allow sports betting in Colorado as a revenue source for water projects.
Proposition DD would provide money for water projects by collecting a tax of 10 percent on net proceeds from sports betting operations at casinos in Central City, Black Hawk and Cripple Creek. Proponents say this could amount to $10 million to $16 million annually. The money would be part of the funding package for Colorado’s Water Plan.
“It ties into the water plan, but would be just one of the methods to generate revenues,” said Alan Hamel, a member of the Southeastern board.
The board voted 10-3 to support Proposition DD.
The water plan calls for $3 billion in new revenue for water projects over a 30-year period beginning in 2020.
Proposition DD was placed on the Nov. 5 ballot as a referendum by the Colorado General Assembly under HB1327.
The Southeastern District is the sponsor for one of the state’s largest pending water projects, the Arkansas Valley Conduit, a pipeline project that will provide clean drinking water to 50,000 people in 40 communities east of Pueblo. The Bureau of Reclamation estimates the AVC will cost $600 million, of which 35 percent will be paid by sources within Colorado.