DENVER (AP) — Colorado gambling revenues are at their highest since before the Great Recession.
The Denver Post reports (http://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.
