With no proposals of online gambling legislation on the federal level anticipated anytime soon, it looks as though more and more states will enter the picture by proposing their own regulations. Colorado is the latest state to report the drafting of Internet gambling legislation that will more than likely be introduced to the state legislature in 2013.
The Colorado Gaming Association, which is a coalition of 40 casinos in the Rocky Mountain State, told Card Player that their proposal is modeled after New Jersey’s online gambling scheme. That may not be a good prototype to follow, as the Garden State’s plan is reportedly in jeopardy of being thwarted by Governor Chris Christie and his rumored aspirations to be the vice presidential running mate alongside Republican presidential hopeful Mitt Romney.
A study conducted in January, 2011, by the Colorado Gaming Association found that online gambling could be seen as both a threat, as well as a boon to the state’s land-based casinos, but came to the conclusion that if the state “does not act on this emerging field in a timely manner, the existing commercial casino industry will be at risk.”
Colorado casinos generate about $750 million a year in combined revenue. It could be more, but gamblers are restricted to a maximum wager of $100 on each bet. The first Colorado casinos opened in the early 90’s and the maximum bet allowed was only $5 until 2008, when an amendment to the Colorado Limited Gaming Act raised the amount to its present maximum of $100.
Colorado has taken aim at winning casino gamblers who may have fallen behind on child support payments. Any casino patron who attempts to cash in more than $1,200 is entered into a database to determine if child support payments may be in arrears. To date, more than $600,000 in owed support payments has been collected through this program. It is not yet known if the deadbeat parent provision will be included in the proposed online gambling bill.