CO Senate considers video lottery

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Video lottery terminals at Colorado horse racing tracks is up for debate in the state Senate as lawmakers look for ways to ease budget cuts for education.

Senate Bill 233 would allow video lottery terminals at two horse tracks, with the proceeds going to higher education. There is no official estimate from the state how much the gambling terminals could raise, but lawmakers say the video lottery could revive colleges hurt by recent budget cuts.

The Colorado Gaming Association opposes the video lottery, saying it could sap business from existing casinos.

A separate Senate committee will consider two bills aimed at boosting K-12 funding. One would devote all unprojected revenue to schools, and the other would create voluntary donations on state income tax forms.