- Associated Press - Wednesday, December 2, 2015

DENVER (AP) - Colorado gambling revenues are at their highest since before the Great Recession.

The Denver Post reports (https://dpo.st/1Qd55zv ) that adjusted gross proceeds from July to October hit $281.7 million, up 7 percent during the same period last year. This year’s figure marks the best start to a fiscal year since 2007, when casinos reported $287.4 million in adjusted proceeds in that span.

The taxes wagers generated have also hit a high since before the recession. From July to October, $27.5 million was collected in taxes, an increase of 11 percent from the same period last year and close to $1 million more than in 2007.

Colorado Gaming Association’s executive director, Lois Rice, attributes the strong start to milder weather and more casinos having the ability to serve alcohol past 2 a.m.


Information from: The Denver Post, https://www.denverpost.com

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide