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Extension Of Credit For Limited Gaming

Concerning the extension of credit for participation in limited gaming.
2023 Regular Session
Financial Services & Commerce
Gaming, Lottery, & Racing
Bill Summary

The act eliminates the prohibition on persons licensed by the "Limited Gaming Act of 1991" (licensee) from extending credit to another person for participation in limited gaming if:

  • The licensee evaluates the person's credit and establishes the person as credit-worthy;
  • The licensee does not have knowledge of a conviction of the person for committing specified unlawful acts;
  • The licensee determines that the person has no outstanding child support debt or unpaid debt due to the state and does not owe restitution from a Colorado criminal case; and
  • The amount of the extension of credit is at least $1,000.

Additionally, the act specifies the documentation the licensee must maintain for any extension of credit and requires the licensee to inform every person to whom credit is extended, orally and in writing, that the financial obligations created must be fully paid to the licensee within 150 days.

The act prohibits licensees from reducing their gaming tax burden through deducting unpaid credit from their gross proceeds.

The act allows licensees to pursue all civil remedies at law to recover unpaid credit, as well as interest and reasonable recovery costs. Additionally, the act restricts licensees from settling or compromising the amount to be repaid until specific conditions are met.

Finally, the act outlines record-keeping requirements for licensees that extend credit.

VETOED by Governor May 23, 2023
(Note: This summary applies to this bill as enacted.)


Did Not Become Law


Bill Text

  • All Versions (6 )
    Date Bill Type Documents
    05/17/2023 Final Act PDF
    05/06/2023 Rerevised PDF
    05/03/2023 Revised PDF
    04/21/2023 Reengrossed PDF
    04/20/2023 Engrossed PDF
    03/30/2023 Introduced PDF


Sponsor Type Legislators
Prime Sponsor

Sen. M. Baisley, Sen. D. Roberts
Rep. M. Snyder, Rep. R. Weinberg



The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details