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State's Casinos Post Gains In November

DENVER-Revenues rise 7.4% over November 2000 figures to $53.2 million. The majority of the revenue, $38.4 million, comes from the 20 casinos in the mountain town of Black Hawk.

By John Rebchook | Updated on December 21, 2001

DENVER-Colorado casinos hit the jackpot in November. Casinos in the mountain towns of Black Hawk, Central City and Cripple Creek saw revenues rise to $53.2 million in November, a 7.4% increase from November 2000.

Black Hawk’s 20 casinos posted $38.4 million in revenues, while the five casinos in neighboring Central City hit $4.3 million in revenues. The 18 casinos in Cripple Creek reported $10.4 million in revenues.

Revenues are measured in adjusted gross proceeds, or the amount wagered less casino payouts.

Casinos paid $8 million in taxes in November.

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