Colorado Gambling Revenue Up After Law Changes

It was November of last year when voters in the state of Colorado decided that there needed to be a relaxation of gambling laws. It turns out, those changes to the law have had a direct impactb on the financial status of casinos in the state.

On Wednesday, the Colorado Division of Gaming released revenue figures for the month of July. To say the least, Colorado casinos and the state itself were ecstatic over the results Wednesday's report. Revenue was up sixteen percent from the same period last year.

Back in July of 2008, revenue at Colorado casinos was $65.6 million. Then, the laws changed in November. Casinos were to be able to start staying open for loner periods of time, and betting limits were higher.

Those changes took affect on July 2nd. For the month of July, revenue was $76.1 million. Thta was a sixteen percent increase over the same month a year before. The numbers are even more staggering when considering that the July revenue was up 32% from June.

"Without having to worry about hours of operation and betting limits, the people of Colorado have responded in a big way when it comes to gambling," said observer Tracy Batlet, "they wanted the changes, and they have now shown how much of a difference the changes have made."

The largest month ever at Colorado casinos was back in July of 2007. The revenue that month was $76.5 million. Considering the fact that the new laws were not even in place for the entire month this July, it is a record that could soon be beaten in the state.

August 20, 2009
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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