Casino Revenue Dips Slightly Again in November To $85.3 Million

Written By Dan Holmes on 12/29/2023
A slot machine player and Monarch Casino on a story about the state's November casino revenue.

Colorado casinos reported $85.3 million in adjusted gross proceeds in November, marking a fourth consecutive month revenue has fallen. The decrease in November was slight: $1.2 million less than October’s $86.5 million.

The good news is that adjusted gross proceeds were up 4.4% year over year. More than $450 million has been collected in this fiscal year (July through November).

Overall, the 33 Colorado casinos paid $13.9 million in gaming taxes in November. That was up from the prior month despite a slight dip in revenue. In October, $13.3 million went to the state, while $13.4 million was paid in September.

Black Hawk casinos enjoy nearly 80% of casino revenue in November

All the casinos in Colorado are brick-and-mortar casinos. Online casinos in Colorado remain illegal.

In November, the top revenue-making casinos in Colorado were in Black Hawk. Black Hawk casinos (15 total) reported $66.8 million in adjusted gross proceeds (AGP), 78.3% of the state total. Next was Cripple Creek casinos (12) at $12.3 million. Central City casinos (six) reported $6.1 million in AGP in November.

Black Hawk casinos paid the bulk of taxes in November, around $12 million. Cripple Creek casinos had a tax tab of approximately $1.3 million, and Central City casinos paid nearly $680,000 to the state.

Slots remain most popular games with Colorado casino players

Slot machines remain the most popular gaming activity at casinos in Colorado. The machines accounted for $72.9 million in AGP last month. That represented 85.4% of all AGP from casino activity.

Multi-denominational slots accounted for $32.5 million in AGP, based on $461.1 million in coins in those machines in just the month of November. The next most popular slot devices were penny slots with $27.2 million in AGP based on $284.6 million in coins inserted.

Blackjack leads table game revenue with $4.4M

Adjusted gross proceeds from table games last month were $12.4 million. The most popular table game was blackjack, with $19.8 million wagered and an AGP of $4.4 million.

Blackjack is played on 108 of the 269 table games in Colorado. The top table games in November in money wagered were:

  • Blackjack: $19.8 million
  • Baccarat: $15.2 million
  • Roulette: $5 million
  • Poker: $1.9 million
  • Craps: $1.7 million
  • Pai Gow: $80,000
Photo by David Zalubowski/AP
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Dan Holmes

Dan Holmes writes about sports betting, sports media, and sports betting legislative matters. He's the author of three books, and previously reported for Major League Baseball, as well as the National Baseball Hall of Fame and Museum.

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