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
