Colorado: Revenue slide continues at casinos, down to $86.5 million in October

Colorado: Revenue slide continues at casinos, down to $86.5 million in October

Article brief provided by Play Colorado
  • T.J. McBride , Play Colorado
December 4, 2023 4:03 PM
  • T.J. McBride , Play Colorado

Colorado casino revenue continued its downward trend in October. Colorado casinos generated $86.5 million in adjusted gross proceeds in October, down 7.6% from September’s $93.6 million. It’s the third-consecutive month casino revenue has fallen since $101.5 million in July.

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Still, October revenue was higher year over year, around 9% higher, than October 2022’s $79.2 million.

Adjusted gross proceeds for the current fiscal year (July-October) have grown to $373.4 million.

Colorado allows casino gambling only in three towns: Black Hawk, Cripple Creek and Central City. Between the three mountain towns, there are 33 casinos. Colorado online casinos are still illegal.

Around $74 million in adjusted gross proceeds (AGP) was collected from $965.6 million of wagers on 10,386 slot machines in October. Those numbers were down from the previous month and last October.