Limited stakes gaming in Black Hawk, Central City and Cripple Creek generated $106.3 million in fiscal year 2007 for historic preservation and state and local governments, up 6 percent from $100.1 million a year earlier.
The Colorado Limited Gaming Control Commission today certified the distribution of those gaming funds to the various agencies.
In fiscal year 2007, which ended June 30, casinos paid $112.0 million in gaming taxes on $798.9 million in adjusted gross proceeds, which is total bets minus payouts. Roughly $5.7 million of those taxes were used to pay the operating expenses of the commission and the Division of Gaming, which includes two months of administrative operating expenses held in escrow.
Here’s the breakdown of how the $106.3 million was distributed:
in the respective counties)
Black Hawk generates the bulk of the state’s gaming revenues, and thus the city received $7.5 million in gaming taxes compared with $2 million for Cripple Creek and $1.1 million for Central City.
Staff writer Andy Vuong can be reached at 303-954-1209 or avuong@denverpost.com.
