Wanna bet whether the state auditor found problems with Colorado's sports-betting program?
created a temporary licensing process for operators to be able to start taking wagers.
"What they said they were going to do, we weren’t always seeing documentation that they could support that," says Michelle Colin, deputy state auditor at the, which performed the sports betting audit and released its findings on June 13.
"Ultimately, the goal is to make sure that these businesses that are operating sports-betting activities are on the up-and-up and that they're reliable from the sense that if people wager money with them, that it’s going to be handled as expected," Colin says."The division’s international check was limited or did not happen in many instances."
The audit also found wide variations between daily wager reports by sports-betting operators and their monthly reports, and the Division of Gaming didn't collect proper documentation from operators explaining the variations."We saw that for this audit, the Division of Gaming was doing limited verification," says Colin, noting that the variations could easily be explained with evidence of voided bets or withdrawn bets.
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