From AgInfo.net (Maura Bennett):
The Colorado Farm Bureau, Colorado Cattlemens’ Association and most agriculture organizations are celebrating the measure approved by voters to allow sports betting in the state. But it’s not a cure-all for what ails us.
The Farm Bureau’s Shawn Martini says it was a given they would support Proposition DD, as it is a way to guarantee future funding for the state’s Water Plan. The Water Plan – a blueprint for ensuring stable water supplies in the years and decades to come.
Martini: “And thus far it has not been funded anywhere close to what it needs. That initial figure of about 100 million dollars a year we need to fully fund the state’s water plan. While this doesn’t get us up to a 100 million a year, it at least provides us a dedicated revenue stream of maybe even up to 30 million a year to help continue to implement and build the projects that are a key part of the state’s water plan.”
Martini says they are waiting to see how much the state legislature will add to the Water Plan funding on a yearly basis. But with the passage of Prop. DD there is now a dedicated stream of funding that will allow the state to begin to chip away at the backlog of projects that need to be done to fulfill the state’s future water supply.
DD will legalize sports betting in Colorado and create a 10 percent tax on casinos’ house winnings that would largely benefit the Water Plan. Colorado’s 33 casinos will be able to offer in-person and online wagering on professional, collegiate, motor and Olympic sports beginning in May 2020.