Rocky Mountain Voice

Sports Betting Giants Pour $1.5 Million Into Colorado Legislative Primaries

By: Jesse Paul | The Colorado Sun

The state-level super PAC American Future is funded by a federal super PAC of the same name that has received millions of dollars from the sports betting companies DraftKings, FanDuel and Fanatics.

Groups funded by some of the nation’s largest sports betting companies have spent about $1.5 million in Colorado’s statehouse primaries this year, the majority of it on Democratic contests. 

It’s unclear exactly why.

The state-level super PAC American Future has spent roughly $1.25 million alone on Democratic legislative primaries in Colorado. It’s funded by a federal super PAC of the same name that has received millions of dollars from the sportsbooks DraftKings, FanDuel and Fanatics. 

On the GOP side, $250,000 in federal PAC money originating from DraftKings, FanDuel and Fanatics has flowed into a state group called the Colorado Conservative Leadership Fund, which is helping more mainstream Republicans beat their more hard-line GOP opponents.

The New York Times reports the three companies are planning to spend as much as $41 million on state legislative races across the country this year. The Times reports that money is aimed at limiting taxation and regulation of sports betting. 

READ THE FULL ARTICLE AT THE COLORADO SUN

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