Residents decide today whether to legalize Colorado sports betting and use the tax revenue to help conserve the state’s most precious resource: water. The proposal has bipartisan support from lawmakers and interest groups and only token opposition, Local 12 reports.
Most states have since generated limited tax revenue from gambling on sporting events. Colorado’s proposal would dedicate a similarly limited revenue stream to a state water conservation plan launched under former Governor John Hickenlooper.
In an era of climate change and frequent drought, the plan envisions a decades-long effort to meet the needs of the Denver metropolitan area, the state’s multi billion-dollar agriculture and outdoor recreation industries and its commitments to Southwest states that rely on the Colorado River.
To read more on the Colorado sports betting bill and how it ties into water conservation visit YogoNet.