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NEWS 11 May 2016

Colorado daily fantasy sports bill passed to governor

By Alex Hammond
Colorado has become the fifth state the pass a bill regulating fantasy sports in 2016, sending the bill to Govenor John Hickenlooper to sign into law.

Last Friday, the Colorado Senate passed an amended version of Bill H 1404 by a majority of 26-7. The House then concurred with the amendments at the beginning of this week, voting in favour of the bill 45-19.

The bill is similar in content to DFS regulation bills in other states such as Virginia and Indiana, but does make specific reference to smaller fantasy sports operators, which will be classed separately to larger platforms such as DraftKings and FanDuel. Smaller operators need to be registered with the state, but do not need to go through the licensing process.

There is no reason to believe that Hickenlooper will veto the bill. The governor has 30 days to sign or veto the bill, or it will become law automatically.

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