Casino winnings up in June

Jul 24, 2006 3:53 AM

Colorado casino revenue rose nearly 2 percent to $63.5 million in June, compared to the same period last year, according to the Colorado Department of Revenue.

Gaming revenue for June 2005 was $62.3 million.

The 21 casinos in the mountain town of Black Hawk led the way with $44.986 million in adjusted gross proceeds (AGP).

Cripple Creek’s 19 casinos posted $13 million in AGP for the month.

Black Hawk neighbor Central City, with six casinos, reported $5.4 million in AGP.

Adjusted gross proceeds are the total amount of all bets made by players, minus players’ winnings.

The state’s 46 casinos paid $11.1 million in gaming taxes in June, with the most — $8.45 million — coming from Black Hawk gaming establishments.

Total gaming tax for June remained basically flat. The state collected roughly $11.2 million in taxes in each of the previous three months.

When it comes to types of games, most of the state’s June gaming revenue — $61.2 million — came from slot machines.

Table games, which include blackjack and poker with a $5 maximum bet, posted $2.2 million in AGP. Among table games, poker had the highest AGP for the month at $1.65 million.

The state doesn’t track its two Native American casinos.