Tag: gaming
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Colorado lawmakers want to crack down on sports betting companies
A coalition of legislators has introduced a bill that backers said would help combat sports gambling addiction, particularly among children. Colorado voters approved Proposition DD in 2019, legalizing sports betting statewide. The majority of the state’s sports betting revenue goes to the Colorado Water Plan Grant Program, which funds water conservation, storage, and supply projects.…
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Colorado lawmakers want to crack down on sports betting companies
A coalition of legislators has introduced a bill that backers said would help combat sports gambling addiction, particularly among children. Colorado voters approved Proposition DD in 2019, legalizing sports betting statewide. The majority of the state’s sports betting revenue goes to the Colorado Water Plan Grant Program, which funds water conservation, storage, and supply projects.…
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Colorado’s charitable gaming board to study newspaper’s findings
Colorado’s freshman board overseeing the state’s $110 million charitable gaming industry last week created a committee to tackle issues raised in a Denver Gazette investigation that exposed, among other issues, poor supervision and illegal operators. The Colorado Charitable Gaming Board, in only its second meeting since the Denver Gazette series ran in October, unanimously formed…
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Colorado’s charitable gaming board to study newspaper’s findings
Colorado’s freshman board overseeing the state’s $110 million charitable gaming industry last week created a committee to tackle issues raised in a Denver Gazette investigation that exposed, among other issues, poor supervision and illegal operators. The Colorado Charitable Gaming Board, in only its second meeting since the Denver Gazette series ran in October, unanimously formed…
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New charitable gaming board meets following Gazette series
The latest iteration of Colorado’s long-defunct advisory board for charitable gaming met Friday for the first time since legislators revived it more than 18 months ago. The Charitable Gaming Board did little more than elect its chairman, Maytham Alshadood, the director of business licensing for the Secretary of State’s Office, and its vice chairperson, Michelle…
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Colorado charities pay bingo volunteers despite law prohibiting it
Colorado’s charitable gaming laws succinctly prohibit state nonprofits from paying or remunerating volunteers who work the bingo and raffle games they host. That doesn’t seem to stop them. The Denver Gazette identified at least three organizations – all of them related to youth sports – that funnel charitable gaming proceeds to the financial benefit of…
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Colorado bingo nonprofits don’t always tell the IRS what they tell the state, some say nothing
Editor’s note: This is the last in a three-part series examing Colorado’s $110 million charitable gaming industry. Colorado nonprofits that rely on charitable gaming to raise funds – most through bingo nights – are required to file regular financial reports with state regulators that track how much money comes in, how much goes out and…
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Winning a raffle in Colorado doesn’t always mean someone actually wins
Colorado’s professional sports teams at one time each paired with local nonprofits to run 50/50 raffles that yearly pulled in hundreds of thousands of dollars. Not all have kept with the practice. The Colorado Rockies and its namesake foundation is the sole team that maintains a partnership. But records show even with a lousy team…
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Colorado bingo night: It’s all about the prizes, not so much the charity
It’s a Thursday night at Bingo Oasis in Northglenn. Located on the outer edge of a nondescript strip mall just west of I-25, it has a simple façade sign advertising what goes on behind the mirrored and postered windows: BINGO. About the only giveaway to the activity there is that the 50 or so cars…
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Colorado’s $110M bingo industry is littered with loopholes — and hardly anyone is watching
Editor’s note: This is the first in a three-part series examing Colorado’s $110 million charitable gaming industry. Colorado’s charitable gaming industry – hundreds of bingo nights and raffle drawings across the state – is a $110-million-a-year enterprise that for decades has operated with thin oversight and little actual financial return to the charities the law…