Current through 11/5/2024 election
Section 44-30-902 - Terms of sponsorship(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.Renumbered from C.R.S. § 12-47.1-902 and amended by 2018 Ch. 14,§ 2, eff. 10/1/2018.Amended by 2013 Ch. 397,§ 13, eff. 7/1/2013.L. 2018: Entire article added with relocations, (SB 18-034), ch. 14, p. 219, § 2, effective October 1.This section is similar to former § 12-47.1-902 as it existed prior to 2018.