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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

Annual Data: Statewide Casinos
Year
Casinos
Devices
AGP ($)
Revenue
Room Nights
Occupancy
Employees
Sq. Foot
Taxes ($)
1991
--
--
23,128,786
--
--
--
--
--
--
1992
--
--
180,093,096
--
--
--
--
--
--
1993
65
10,567
259,910,123
--
--
--
--
--
37,520,474
1994
60
11,410
325,684,641
--
--
--
--
--
41,654,982
1995
58
12,744
384,342,947
--
--
--
--
--
46,910,130
1996
57
12,851
411,666,443
--
--
--
--
--
51,446,238
1997
54
13,361
430,650,228
475,346,496
124,206
72%
5,211
1,536,664
58,006,831
1998
49
13,376
479,217,576
523,423,671
137,302
70%
5,191
1,684,562
63,545,909
1999
48
13,988
551,319,150
605,845,409
153,690
72%
5,923
1,671,888
72,896,825
2000
45
14,588
631,852,150
701,558,364
174,197
75%
6,525
1,651,338
82,128,493
2001
43
14,598
676,674,192
756,250,427
260,374
81%
6,149
1,870,812
92,184,626
2002
43
15,545
719,701,404
792,928,052
254,994
89%
6,525
2,047,741
98,201,819
2003
44
15,459
698,285,082
782,338,265
258,118
85%
6,161
2,061,812
95,565,171
2004
45
15,681
725,903,556
814,611,975
253,209
83%
6,138
2,091,480
99,548,514
2005
47
16,444
755,499,720
856,651,651
258,301
83%
6,123
2,213,153
101,065,396
2006
46
17,078
782,098,818
891,498,697
311,890
80%
5,823
2,273,872
108,425,000
2007
43
16,838
816,129,779
917,630,976
319,835
74%
5,392
2,256,224
115,409,863
2008
41
16,761
715,879,711
821,674,472
343,735
74%
5,573
2,357,525
97,713,431
2009
40
16,136
734,590,354
836,115,446
404,522
80%
5,906
2,325,233
101,525,092
2010
39
15,355
759,610,323
866,631,273
539,212
85%
5,962
2,253,906
107,020,950
2011
39
14,690
750,108,903
852,275,407
--
--
--
--
102,166,504
2012
40
14,822
759,637,443
-
--
--
--
--
102,115,638
2013
41
14,422
761,421,032
-
--
--
--
--
104,133,55`

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.

Black Hawk Casino Statistics Central City Casino Statistics
Year
Casinos
Devices
AGP ($)
Taxes ($)
1993
21
3,650
112,146,892
16,701,738
1994
20
4,563
173,703,259
24,839,145
1995
19
4,848
195,855,670
26,949,540
1996
19
5,176
219,911,097
31,312,129
1997
19
5,410
234,631,114
35,743,541
1998
18
5,864
272,007,738
41,579,632
1999
19
7,127
354,913,835
52,978,246
2000
19
8,430
433,768,947
63,317,315
2001
20
8,707
478,326,427
73,103,761
2002
20
9,721
524,464,856
79,710,053
2003
22
9,602
505,851,055
78,383,573
2004
21
9,462
524,035,343
81,319,279
2005
21
9,543
531,878,276
80,626,362
2006
19
10,160
554,484,627
87,798,109
2007
20
10,036
581,385,160
93,262,356
2008
19
9,816
508,685,618
79,426,586
2009
18
9,386
529,976,828
83,785,845
2010
18
8,906
559,445,467
90,211,663
2011
18
8,570
550,883,660
87,173,086
2012
18
8,541
556,162,224
85,653,341
2013
18
8,098
556,684,770
86,756,557
Year
Casinos
Devices
AGP ($)
Taxes ($)
1993
17
3,392
78,977,406
11,880,203
1994
16
3,315
69,701,708
8,342,032
1995
14
3,978
94,468,352
11,716,346
1996
13
3,448
88,869,902
11,015,009
1997
12
3,384
87,390,762
11,089,291
1998
11
3,085
93,979,630
12,673,204
1999
11
2,750
73,793,917
9,516,004
2000
8
1,962
63,452,946
8,818,756
2001
5
1,683
59,730,077
8,635,495
2002
5
1,606
52,800,335
7,391,297
2003
5
1,610
49,908,926
5,975,748
2004
5
1,565
53,178,879
7,122,015
2005
6
2,105
72,610,402
9,139,501
2006
6
2,134
74,538,934
8,849,575
2007
6
2,210
79,782,553
10,171,229
2008
6
2,146
67,112,131
8,065,618
2009
6
2,071
64,257,223
7,513,050
2010
7
2,085
65,727,144
6,835,539
2011
8
2,240
67,819,656
6,885,932
2012
8
2,345
72,113,158.46
7,116,418.23
2013
8
2,311
71,788,251
7,370,346
Cripple Creek Statistics
Year
Casinos
Devices
AGP ($)
Taxes ($)
1993
27
3,525
68,786,025
8,914,838
1994
24
3,531
82,279,673
8,473,806
1995
25
3,918
94,018,958
8,156,943
1996
25
4,243
102,720,746
9,203,774
1997
23
4,568
108,628,350
11,174,000
1998
20
4,427
113,230,208
9,293,073
1999
18
4,110
122,611,399
10,402,575
2000
19
4,195
134,630,256
9,992,420
2001
18
4,208
138,617,688
10,445,369
2002
17
4,218
142,436,212
11,100,469
2003
17
4,247
142,525,101
11,205,850
2004
19
4,654
148,689,335
11,107,220
2005
19
4,795
151,011,042
11,299,533
2006
19
4,785
153,075,257
11,777,317
2007
17
4,591
154,962,066
11,976,278
2008
16
4,799
140,081,962
10,221,677
2009
16
4,679
140,356,304
10,226,198
2010
15
4,364
134,437,711
9,973,749
2011
14
3,879
131,405,587
10,107,485
2012
14
3,936
131,362,060
9,345,879
2013
15
4,013
132,948,010
10,006,647
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%

Colorado Gaming Statistics

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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 Tuesday, 27-May-2014 15:18:40 PDT