Colorado: Easing Gambling Limits Boosts Casinos' Revenues
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Gambling operators in Colorado reported strong results for the fiscal year 2021-22. The recent result was positively impacted by raised gambling limits for state's three casinos.
Amendment 77 was passed in Colorado in November 2020. It eased the bet limits for gambling activities. The proposal also expanded the use of gambling tax to boost community colleges. Colorado introduced new legislation that seeks to crack down on illegal casinos. It also seeks the reduction of the black market. This will help support local communities and enhance customer protection. There were record sums wagered by Colorado residents at table games and slot machines.
