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Colorado Gaming Summary
Background

Casinos

The basic framework of limited gaming in the State of Colorado is outlined in a Constitutional amendment approved by voters in the state on November 6, 1990.

Limited gaming is allowed only in the mountain towns of Black Hawk, Central City and Cripple Creek. Gaming was approved as a means of revitalizing these three
communities.

“Limited gaming” is defined as a maximum single bet of $5 on slot machines and live blackjack and poker games. Slot machines by definition include video poker, blackjack and keno machines.

Taxation: Effective rate, approximately 20%. Tax liabilities for casinos are based on their gross revenues on a graduated scale from 0.25 percent to 20 percent, depending upon the amount of revenues generated throughout the fiscal year. Currently, casinos pay 0.25 percent on the first $2 million in adjusted gross proceeds (AGP), 2 percent from $2 million to $5 million, 9 percent from $5 million to $8 million, 11 percent from $8 million to $10 million, 16 percent from $10 million to $13 million and 20 percent above $13 million.

AGP is most easily defined as the amount of money wagered minus the amount paid out in prizes.

On Nov. 4, 2008, voters statewide approved Amendment 50, which allowed local voters in Black Hawk, Central City and Cripple Creek to determine whether to raise the bet limit to $100, offer 24-hour gaming, and add the games of craps and roulette in casinos in their respective communities.

In the statewide chart below, the "revenue" figure includes proceeds from casino gaming, food and beverage, and other operating and non-operating revenues.

Lotteries

Development:In 1982, the General Assembly approved a bill implementing a state-supervised lottery. The bill created the Colorado Lottery as a division of the Colorado Department of Revenue, with a director appointed by the Executive Director of the Department of Revenue.

Beneficiaries: More than $2 billion has been returned to the state for parks, recreation, open space, conservation education and wildlife projects since the Lottery started in 1983. Recipients include: the Conservation Trust Fund, Colorado Division of Parks and Outdoor Recreation, Great Outdoors Colorado, and School Health and Safety.

For more information:

Colorado Division of Gaming

Colorado Lottery

Calendar Year Data: Statewide Casinos

Year

Casinos

Slot AGP

Slot Hold

#Slots

WSD

Table AGP

#Tables

WTD

Taxes ($)

1992

--

180,093,096

8.08%

125,824

3.91

220,446,130

--

--

37,055,761

1993

65

259,210,123

7.63%

130,901

5.41

281,477,134

--

--

41,198,789

1994

60

325,684,641

7.71%

146,771

6.06

342,307,971

--

--

45,171,102

1995

58

384,342,947

7.02%

149,122

7.04

382,075,345

--

--

51,649,594

1996

57

411,666,443

6.91%

158,559

7.09

402,608,868

--

--

57,103,494

1997

54

430,650,228

6.46%

114,736

10.26

310,755,865

5,211

1,536,664

41,365,152

1998

49

479,217,576

5.38%

165,516

7.91

488,246,186

5,191

1,684,562

74,229,691

1999

48

551,319,150

5.35%

167,029

9.02

569,484,594

5,923

1,671,888

76,474,602

2000

45

631,852,150

5.49%

173,365

9.96

625,616,702

6,525

1,651,338

88,722,061

2001

43

676,674,192

5.54%

180,221

10.26

682,837,154

6,149

1,870,812

95,672,702

2002

43

719,701,404

5.57%

182,870

10.75

682,773,115

6,525

2,047,741

97,450,868

2003

44

698,910,864

5.78%

184,227

10.37

684,468,856

6,161

2,061,812

98,546,760

2004

45

698,910,864

5.70%

191,493

9.97

714,313,985

6,138

2,091,480

99,078,162

2005

47

725,903,556

5.84%

197,673

10.03

736,280,589

6,123

2,213,153

106,131,460

2006

46

755,499,720

6.07%

202,887

10.17

768,592,556

5,823

2,273,872

112,004,927

2007

43

816,129,779

6.17%

196,790

11.33

742,746,172

5,392

2,256,224

108,176,397

2008

41

715,879,711

6.20%

196,803

9.94

670,467,543

5,573

2,357,525

94,906,277

2009

40

734,590,354

6.07%

184,969

10.85

687,716,930

5,906

2,325,233

107,667,716

2010

39

759,610,323

6.85%

174,448

11.90

678,506,177

5,962

2,253,906

104,794,877

2011

39

750,108,903

6.15%

174,524

11.74

680,925,646

--

--

102,115,638

2012

40

766,254,008

6.14%

174,649

11.99

680,455,398

--

--

104,133,550

2013

41

748,707,912

6.23%

170,573

11.99

659,437,217

--

--

104,877,635

2014

--

746,347,749

6.27%

164,037

12.43

676,693,408

--

--

110,083,088

2015

--

790,078,238

6.45%

160,996

13.41

704,403,186

--

--

116,287,104

2016

--

810,793,527

6.46%

154,774

14.31

711,400,574

--

--

117,400,965

Metrics charted here include: the number of casinos and devices, the adjusted gross proceeds, total revenues, room nights, occupancy rates, number of employees, square footage of casino areas, and taxes collected.

The three city-specific charts below feature the number of casinos and devices, adjusted gross proceeds, and taxes collected.

Lottery Statistics
Year
Total Revenues
Prize Liabilities
Prize %
Net Revenue
Net %
2006
468,761,808
281,594,245
60.07%
122,056,613
26.04%
2007
455,916,812
276,916,405
60.74%
116,229,964
25.49%
2008
505,814,066
314,934,975
62.26%
119,471,630
23.62%
2009
493,364,094
301,674,566
61.15%
120,172,896
24.36%
2010
501,197,409
313,724,135
62.59%
113,053,729
22.56%
2011
518,900,000
328,300,000
63.27%
113,400,000
21.85%
2012
545,300,000
349,800,000
64.15%
123,200,000
22.59%
2013
566,300,000
348,200,000
61.49%
135,600,000
23.94%
2014 502,841,718 310,380,492 61.73% 119,710,130 23.81%
2015 496,893,995 305,727,743 61.53% 117,901,751 23.73%

Colorado Gaming Statistics

Nevada | Las Vegas Strip | Downtown LV | Reno/Sparks | Laughlin | Elko County | Atlantic City | Colorado | Illinois | Iowa | State Comps

All information taken from the Colorado Department of Revenue: Division of Gaming Website.

This project was sponsored by a grant from the UNLV Libraries Advisory Board.


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    Last modified Thursday, 11-Jan-2018 16:08:34 PST