The first year of live sports betting in Colorado officially ended on April 30… However, problem gambling programs are still waiting for money from the Department of Revenue to come into their accounts seven weeks later. And advocates argue that the $130,000 set aside in Colorado for problem gambling initiatives is insufficient.
Given Colorado’s population of approx. 5.7 million people, $130,000 works out to less than 3 cents per capita to address problem gambling issues. The number of calls to the national problem gambling hotline has increased by 35% since the introduction of sports betting.