Quote by Jonathan D. Cohen

“Garnett and the sportsbooks justified the design of their bill by emphasizing the need to compete with the illegal sports betting market. By their telling, Colorado was a state overrun with bookies and offshore gambling websites, and the only defense against these nefarious forces was legal, regulated gambling. DraftKings’ Stanton Dodge estimated that sports betting was already taking place “on a massive scale,” and that 1.2 million Coloradans (one out of every five people) bet a total of $2.5 billion per year illegally, an enormous, un-fact-checkable figure of unknown origin. Proponents implied that so much gambling was happening anyway that HB1327 would not so much expand sports betting as siphon existing illegal players into a taxed marketplace. The black-market bogeyman both got legislators on board and rationalized the industry-friendly aspects of the bill.”

Quote by Jonathan D. Cohen