DENVER (AP) -- Colorado gambling tax revenues are up one year after casinos started expanding their hours, games and betting limits under a new law. But they're not up as much as expected.
Amendment 50 authorized the mountain towns of Black Hawk, Central City and Cripple Creek to keep casinos open 24 hours, add craps and roulette, and raise betting limits from $5 to $100 if local voters agreed.
In the first 12 months of changes, state legislative economists estimate Amendment 50 generated $9.4 million in extra tax revenue for the fiscal year that ended June 30. That's below earlier projections of about $30.6 million.
They estimate total gambling tax revenue for the year of $108.7 million, up from $94.9 million the year before.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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