Rocky Mountain High For Daily Fantasy Sports: Colorado Bill Heads To Governor

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Colorado daily fantasy sports bill passes

Colorado became the fifth legislature this year to pass a bill regulating daily fantasy sports, sending the legislation to the desk of Gov. John Hickenlooper.

What happened with the Colorado DFS bill

The House concurred with the amended Senate version of H 1404 on Monday by a vote of 45-19. On Friday, the Senate passed the bill 26-7.

While Legal Sports Report understands the bill has hit a few more hiccups than legislation in other states, there is no reason to believe Hickenlooper would veto it.

Because the bill will be sent to Hickenlooper during the last 10 days of the session, he has 30 days to sign or veto the bill, or it becomes law automatically.

The DFS legislation moved quickly through the legislature after being introduced in late March.

Inside the Colorado DFS bill

The Colorado bill has gone through several amendments, but in many ways, it looks much like bills that have passed in other states.

Unlike other bills, the Colorado bill contains language specifically covering smaller fantasy sports operators. The bill defines small operators as any site that has fewer than 7,500 active Colorado users. These sites must register with the state, but do not have to be “licensed.” They also do not need to go through an annual audit.

Given the user requirement, it’s not clear that anyone other than DraftKings, FanDuel and Yahoo would have to be licensed or audited.

Here’s what ended up in the bill, as passed:

The bill takes effect on August 10.

Colorado is latest to join DFS regulation craze

So far, three state legislatures have turned DFS bills into law:

In Massachusetts, Attorney General Maura Healey instituted consumer protections under the powers of her office, as well.

Mississippi is poised to join all those states, if Gov. Phil Bryant signs a bill on his desk this week.

Here is a look at other states that have advancing DFS legislation.