Colorado experienced an increase of $25 million in gaming revenue during 2010 and generated more than $107 million in commercial gaming tax revenue, according to the Denver office of the accounting firm RubinBrown.
The firm said Amendment 50, passed by Colorado voters in 2009 and allowing the maximum bet in casinos to be raised from $5 to $100 and permitting properties to remain open around the clock, was the main reason for the state’s 2010 revenue increase.
Meanwhile, casinos posted a 4 percent gain in revenue in March compared with the same month a year ago, according to data released Tuesday by the state Division of Gaming. Casinos reported adjusted gross proceeds — which is total bets minus payouts — of $65.6 million in March, up from $63.2 million in March 2010.
