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Gaming revenue contributes to local government, historic preservation, and "other state projects," said the report.
Casinos generated $76.5 million in gaming revenue in August, up 11.3 percent from the same month a year ago.
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Slots reported the highest revenues with $30.7 million contributing to the overall revenue, up 28 percent from the $24 million in August 2006, the report said.But revenue from penny slots dipped 4 percent in August 2007 when compared to a month ago.
The casinos at Black Hawk contributed $104 million, for the first two months of the new fiscal year. During last month, Black Hawk made $50.3 million, an increase of 4.5 percent from the same period last year.
According to the report, Central City reported $14.8 million for the first two months of the fiscal year. In August, Central City logged $7.2 million, an increase 1.4 percent from $7.1 million in August of 2006.
Experts said Cripple Creek contributed $14.4 million to the overall gaming revenue for the first two months of the fiscal year.
Casinos firms came to Colorado in November 1990, when voters there approved limited-stakes gambling, as well as in the former gold-mining camps of Black Hawk and Central City.
Billed as a way for "financially strapped mining towns" foster economic development, gaming did indeed fill local coffers, as special fees and taxes paid by casinos continue to fund statewide historic preservation efforts and related new construction like the $3.5-million Pikes Peak Heritage Center, an impressive, three-story building that was built using a combination of private and state grants, donations and the city’s Historic Preservation Fund.
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