Colorado Approves Amendment 77; Amendment C Still Waiting To Be Called
No, not in the national vote who to support.
On the 2020 vote, there were two Colorado gaming-related modifications. The goal was the same, despite the fact that they were both entirely unique. Both aimed to provide much-needed support to various aspects of the state’s gambling industry.
The Colorado voters stepped up and approved Amendment 77, according to the Associated Press.&;Meanwhile, Amendment C has not been decided as of Monday morning. With 94% of the vote in, the measure sits at 52.3%.
A very preponderance, or 55 %, is required for Amendment C. It & is not looking good, even though the AP hasn’t called the race yet.
A simple majority of 50 % was required for Amendment 77. The program is now 60.5 % strong.
Voters’ approval of the latter is unexpected given that they passed a comparable measure in 2008.
Bruce Brown, former mayor of Cripple Creek and a proponent of Amendment 77, said a press release:
& , We are grateful that Coloradans backed our town’s right to make decisions about the future so that we can enhance the economic prospects of those who reside and work here. Things won’t change immediately, but I think this may make it easier for us to stand up again. & rdquo,
For Coloradans, what does this mean?
Let&;s tackle Amendment 77 first. It&;s also known as Initiative No. 257.
Blackjack, craps, blackjack, roulette, and casinos would also be permitted under the Colorado Constitution if they were approved by the citizens.
The action doesn’t change Colorado’s gaming regulations.
Now that it has been passed, it only gives the three towns’ residents the choice to hold a local election and choose whether or not they want to expand the betting restrictions and games.
David Farahi, the Monarch Casino and Resort&;COO and president of the Colorado Gaming Association (CGA) said in a press release:
& , This article gives local communities the tools they need to reenergize their economies. & rdquo,
According to the release, CO community colleges may receive more tax revenue from any changes to wagering restrictions and games, which will also see millions of dollars cut from their budgets as a result of the pandemic. The funds will be used to support initiatives that boost graduation rates and retention levels.
As noted earlier, this same measure was passed 12 years ago when voters approved Amendment 50.
The main benefit of Amendment 77:
If voters approve the addition of, say, baccarat, it doesn&;t just add another possible revenue stream for casinos in Colorado that they desperately need because of COVID-19. It would also add thousands of jobs in the process.
If it is approved, the Charitable Bingo and Raffles Amendment, also known as it, may alter some laws pertaining to generous gambling in Colorado.
According to Ballotpedia, here are the changes that Amendment C would have instituted:
& , The amendment would mandate that charitable organizations have been around for three years. instead of the recent legal requirement of five years, obtain a generous gaming license. As long as they are paid no more than the minimum wage, the amendment would permit charitable organizations to employ managers and operators of gambling activities. Now, the law mandates that anyone who engages in benevolent gaming activities must be a volunteer for the organization. & rdquo,
The bingo and raffle segment of the Colorado constitution was instituted 62 years ago. According to Ballotpedia, Colorado Measure 4 was a citizen initiative that amended the constitution to legalize charitable gaming (lotto, bingo and raffles) by charitable organizations.
There has been one modification since the estimate was approved in 1958. That single change made it possible to include electrical equipment.
We’ll see if Colorado voters expand the use of gambling and raffles to 2020. However, as was already mentioned, it & , s not looking good.
Before Colorado voters, there were two gaming-related modifications that addressed entirely different topics.
At the very least, Amendment 77’s acceptance might provide the entertainment towns with the assistance they so desperately need.