Horse racing

Colorado Fixed-Odds Horse Racing Talks Will Continue In February

In a report to the Colorado Limited Gaming Control Commission (LGCC) during its monthly meeting Thursday, Colorado Division of Gaming Director Dan Hartman said the process of considering fixed-odds horse racing in the state will move forward in February, with the blessing of Department of Revenue Executive Director Mark Ferrandino and Gov. Jared Polis.

Hartman said fixed-odds horse racing will be considered through “rule making” from the Division of Gaming. He also said the Division of Gaming will be “adding some other rules that have been kind of collecting since we started sports betting.”

Hartman also indicated that there will be a stakeholder meeting to discuss these rules “in the first part of February.” The Department of Revenue, which has the Division of Racing and Division of Gaming under its umbrella, held three stakeholder meetings on fixed-odds horse racing in November and proposed draft rules during its Nov. 17 session.

“We’ll go through it again in [the Division of Gaming]— all the other rules and the fixed-odds rule — and then it will come forward to [the LGCC],” Hartman said.

In a conversation with CO Bets on Wednesday, Hartman said the rule-making process, through the Division of Gaming and LGCC, is preferable to waiting for legislation.

“Getting to do it by rule-making hopefully gives us an opportunity to not wait two or three years for legislation and all of that,” Hartman said. “We’ll figure out if it’s a product people really want to deal with and make sure it doesn’t do anything to our racing industry here in Colorado. The potential is there. Let’s see if it works.”

Licenses approved

Also during the meeting, the LGCC extended the master and retail gaming licenses for Johnny Nolon’s Casino in Cripple Creek and approved sports betting vendor licenses for nine entities, including the marketing outfits Back to the Digital Inc., Betting on Content, and Advantage Media. Betting on Content works with sports betting, iCasino, and advance-deposit wagering horse racing operator TwinSpires in the U.S.

All licenses were unanimously approved by the LCGG by a vote of 4-0, although one commissioner, Kevin Armstrong, was absent.

Author: Neil Garza