From Water for Colorado:
When Coloradans voted to legalize sports betting in November 2019, they made Colorado’s water the winner.
Colorado places a 10% tax on casinos’ sports-betting profits, which has already begun raising millions of dollars each year to protect and conserve our water resources, fund grant projects specified in the state’s water plan and ensure there’s enough water for everyone. In fact, in its first year, sports betting raised $6.6 million for water.
Colorado’s rivers, lakes and streams face increasing pressures from population growth and climate change. We must invest to protect and conserve our water so Colorado remains a world-class place to live, work and recreate.
Up to 93% of revenue from the tax on casinos will go to fund the implementation of Colorado’s Water Plan. Check out our Colorado Water Plan Grant Projects Map below to learn more about the type of projects these funds will benefit.
So, you want to help Colorado’s rivers, lakes and streams? You bet!