Deductions for Net Sports Betting Proceeds
| Type | Bill |
|---|---|
| Session | 2025 Regular Session |
Concerning the deduction for free bets allowed for the purpose of calculating net sports betting proceeds, and, in connection therewith, making an appropriation.
Bill Summary:
As approved by voters in 2019, a tax of 10% is imposed on net sports betting proceeds. For the purpose of calculating its net sports betting proceeds, a sports betting operator or internet sports betting operator (sports betting operator) has been allowed to deduct all payments to players, all federal excise taxes paid, and a certain percentage of free bets placed by players as follows:
- Between July 1, 2025, and June 30, 2026, no more than 2% of total free bets placed each month; and
- On and after July 1, 2026, no more than 1.75% of total free bets placed each month.
- Between July 1, 2025, and December 31, 2025, no more than 2% of total free bets placed each month may be deducted; and
- Between January 1, 2026, and June 30, 2026, no more than 1% of total free bets placed each month may be deducted.
For the 2025-2026 state fiscal year, $17,135 is appropriated from the sports betting fund to the department of revenue for personal services and tax administration IT system support.
(Note: This summary applies to this bill as enacted.)
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Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 25-1311 to the Committee of the Whole. | The motion passed on a vote of 5-2. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.006 (Attachment B) | The motion passed without objection. | Vote summary |
| Refer House Bill 25-1311, as amended, to the Committee on Appropriations. | The motion passed on a vote of 9-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.004 | The motion passed without objection. | Vote summary |
| Adopt amendment J.003 | The motion passed without objection. | Vote summary |
| Refer House Bill 25-1311, as amended, to the Committee of the Whole. | The motion passed on a vote of 8-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.003 (Attachment A). | The motion passed without objection. | Vote summary |
| Refer House Bill 25-1311, as amended, to the Committee on Appropriations. | The motion passed on a vote of 9-4. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/07/2025 | Senate Amendments | REPASS |
52
AYE
11
NO
2
OTHER
|
Vote record |
| 05/07/2025 | Senate Amendments | CONCUR |
54
AYE
9
NO
2
OTHER
|
Vote record |
| 04/28/2025 | Third Reading | BILL |
52
AYE
13
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/06/2025 | Third Reading | BILL |
28
AYE
7
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/15/2025 | Governor | Governor Signed |
| 05/12/2025 | Governor | Sent to the Governor |
| 05/12/2025 | Senate | Signed by the President of the Senate |
| 05/12/2025 | House | Signed by the Speaker of the House |
| 05/07/2025 | Senate | House Considered Senate Amendments - Result was to Concur - Repass |
| 05/06/2025 | Senate | House Considered Senate Amendments - Result was to Laid Over Daily |
| 05/06/2025 | Senate | Senate Third Reading Passed - No Amendments |
| 05/05/2025 | Senate | Senate Third Reading Laid Over Daily - No Amendments |
| 05/02/2025 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 05/02/2025 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 05/01/2025 | Senate | Senate Committee on Finance Refer Amended to Appropriations |
| 04/29/2025 | Senate | Introduced In Senate - Assigned to Finance |
| 04/28/2025 | House | House Third Reading Passed - No Amendments |
| 04/25/2025 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 04/25/2025 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 04/21/2025 | House | House Committee on Finance Refer Amended to Appropriations |
| 03/28/2025 | House | Introduced In House - Assigned to Finance |
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