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Colorado casino revenues grow 9.2% in 2H 2009

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February 1, 2010

While the U.S. casino industry suffered lower revenues in 2009, Colorado was one the few states where revenue increased. New figures from the Colorado Division of Gaming show state gaming increased 2.6%.

Much of the increase is attributed to new, expanded gambling. Before the new state gambling law took effect July 1, 2009, casino revenues were down 3.9%. The new law increased the maximum betting limit from $5 to $100, and it extended the hours of operation for casinos

After July 1 gamblers were able to spend more time in casinos. The result was a 9.2% growth in revenues in the second half of the 2009 compared to 2008. Average increase for the year was 2.6%.

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