Since 2021, Bally’s Arapahoe Park, the only horse racing track in Colorado, has been battling with the Department of Revenue over the tax rate the park should have to pay on bets placed at out-of-state betting locations.
The Department of Revenue is attempting to enforce higher taxes, which would ultimately put the park out of business and would end horse racing in Colorado. Earlier this month, Bally’s Arapahoe Park sued the Department of Revenue, claiming that the 2022 tax agreement, which allows the park to pay limited taxes on out-of-state bets, has not expired and should stay intact.
Ireland Stapleton regulatory attorneys Tom Downey and Lidiana Rios represent Bally’s Arapahoe Park and were recently mentioned in a BusinessDen article about this legal battle. Read it here: https://businessden.com/2023/05/15/death-knell-states-last-horse-track-says-tax-policy-could-close-it/