Revenue leaps 10% in September

Oct 23, 2006 4:46 AM

Colorado casinos continued to roll sevens in September when it came to revenue. Last month’s adjusted gross proceeds (AGP) for casinos jumped 9.7 percent to $69.8 million from $63.6 million for the same period last year, according to the Colorado Division of Gaming.

September’s AGP increased 1.5 percent from $68.8 million in August.

So far this year, the state’s 47 casinos have brought in $212.8 million in revenue.

AGP are the gross proceeds a game takes in, minus the cash prizes paid out, paralleling Nevada’s "win" amount reported by the Gaming Control Board.

As usual, the town of Black Hawk’s 21 casinos accounted for most of the state’s gaming revenue in September, with $48.7 million in AGP. Black Hawk neighbor Central City, with seven gaming establishments, reported $7 million in AGP.

The 19 casinos in Cripple Creek, located near Colorado Springs, raked in $14 million in revenue.

All the state’s gaming markets increased revenue in September from August, as well as from September 2005.

Penny slots contributed the most AGP this September at $25.2 million. Other top-yielding games included $1 slots ($13.2 million) and quarter slots ($11.4 million).

Gambling allowed in Colorado ranges from several varieties of slot machines to blackjack and poker.

The casinos paid $8.4 million in gaming taxes last month, up from $6 million in August and $7.3 million in September ”˜05.