Author: Kacie Candela

Colorado sports betting totaled $475M in November

Colorado’s total sports betting handle for November eclipsed $475 million, according to the latest figures from the Department of Revenue (DOR).  The total represents a 3% decline since October when the state raked in a record $491 million in total wagers. However, it also represents a growth rate of more than 105% when compared to the $223 […]

Five Colorado agencies found to have $15.1 million in excess funds

Five Colorado state agencies are holding approximately $15.1 million in excess funds, according to an audit of the state’s cash funds. The State Auditor Office identified excess funds in 19 different accounts within the Department of Personnel & Administration, the Department of Public Health and Environment (CDPHE), the Department of Public Safety, the Department of Regulatory Agencies […]

Colorado paid out $73.1 million in ‘likely or potentially fraudulent’ unemployment benefits last year

Colorado paid out $73.1 million in unemployment benefits last year that were “likely or potentially fraudulent,” according to an audit of the state’s unemployment insurance program. The audit, which was released on Monday, found that the Colorado Department of Labor and Employment (CDLE), the agency tasked with administering the unemployment insurance program, paid out at least […]

Colorado reaches record $408m sports betting handle in September

September was Colorado’s most profitable month for sports betting with a total handle of more than $408 million, according to new figures from the Department of Revenue (DOR). The total handle represents an increase of more than 92% from August and a 97% year-over-year increase, according to the data. Colorado’s total gross gaming revenue was […]

Federal judge grants temporary restraining order in Colorado discrimination lawsuit over relief funds

A federal judge issued a temporary restraining order prohibiting Colorado’s economic development office from giving minority-owned businesses preference for COVID-19 relief grants. The lawsuit was initially filed last week by Stephen Collins, the owner of Resort Meeting Source, an event-planning business. Collins, who is white, argues that his business qualifies as a “disproportionately impacted business” under state […]

Colorado taxpayers on the hook for $1,800 each despite federal aid infusion

Colorado has a debt burden of $3.6 billion that leaves the state’s taxpayers on the hook for $1,800 per person, according to a new report by a fiscal watchdog group. The report by Truth in Accounting (TIA) gives the Centennial State a “C” grade for its fiscal health, ranking it 15th in the nation. Colorado $1,800 taxpayer burden ranks as the fourth-lowest in […]