§ 44-30-902 — Terms of sponsorship

Colorado § 44-30-902

• Jurisdiction: Colorado
• Title 44: Revenue -
• Art.: Colorado Limited Gaming Act

Text

(1) All limited gaming events sponsored
by charitable organizations pursuant to this part 9 must, in addition to all the other
requirements of this article 30, meet the following conditions:

(a) The agreement between the licensed operator or retailer and the
charitable organization shall provide for the payment by the charitable organization
to the retailer or operator of a flat fee or no fee; in return, the charitable
organization shall receive one hundred percent of the adjusted gross proceeds, less
the amount of taxes due on those proceeds as determined by the commission from
gaming for each day of the sponsored event, or during all the hours of a sponsored
event if less than a full day. The licensed operator or retailer shall report and pay
taxes on the full amount of the adjusted gross proceeds from gaming sponsored by
any charitable organization.

(b) A one-day sponsored event must, for purposes of this part 9, begin at 8
a.m. and end at 8 a.m. the following day. For purposes of this section, no event is
considered as less than a one-day event; except that a retailer may devote less than
one full day to a charitable event.

(c) No retailer shall permit a single charitable organization to sponsor more
than three days of limited gaming at that retailer's licensed premises during any
calendar year; and no retailer shall permit more than thirty total days of sponsored
events on its premises during any calendar year;

(d) No charitable organization shall sponsor more than three days of limited
gaming during any calendar year;

(e) The charitable organization shall file notice of its intent to sponsor limited
gaming at least fourteen days in advance with the commission, upon forms provided
by the commission.

Legislative History

Source: L. 2018: Entire article added with relocations, (SB 18-034), ch. 14, p. 219, � 2, effective October 1.