With raised gambling limits, Colorado casinos mark record revenues

With raised gambling limits, Colorado casinos mark record revenues

Article brief provided by The Denver Gazette
  • Mark Samuelson, The Denver Gazette
August 30, 2022 11:43 PM
  • Mark Samuelson, The Denver Gazette

As the pandemic wanes, gamblers venturing up to Colorado’s three mountain casino towns are wagering record sums at the machines and tables, totaling just short of a billion dollars last year, according to a report released this week by the Colorado Department of Revenue.

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Earlier this month, the Colorado Limited Gaming Control Commission approved distribution of $148,655,614 from the state’s original and extended gaming funds for fiscal year 2021-22. The money will be directed to traditional recipients for gambling revenues, including the state’s general fund.

That new figure is up 39% over the previous year when casinos were shuttered or restricted during COVID spikes. Taxes, according to the Department of Revenue, increased by more than $41 million over the past fiscal year.