After the passage of Amendment 50 on November 4, 2008, the Colorado gaming industry has forged a new partnership with the state’s community colleges. All new revenue generated from increased bet limits, expanded operating hours and the new games of craps and roulette will benefit the state’s community colleges. These educational institutions are an important resource to Coloradans for their education needs, and our community colleges train our first-responders for emergency services and health care. .Click here to learn more about the Colorado Community College System.
Taxes from the Colorado casino industry have made the Colorado State Historical Fund the richest in the nation. Since 1992, over $300 million has been provided to the fund to preserve Colorado’s rich history.
Of that amount, 80% is spread across the state through grants for preservation projects, while 20% is returned directly to the mountain towns to refurbish their Victorian buildings and streets. The State Historical Fund was created in 1990 by the same constitutional amendment that legalized limited stakes gaming in Central City, Black Hawk and Cripple Creek, three former mining camps badly in need of a facelift. The amendment states that 28% of the state tax revenue generated by gaming must be paid into the historical fund. “This investment in historic preservation is an incredible accomplishment that earns the state great respect throughout the country,” said Ellen K. Fisher, chair of the Colorado Historical Society, in the fund’s recent annual report.
Click here to access the webiste for History Colorado – the Colorado Historical Society.
The Colorado Gaming Association recently commissioned an economic impact study to illustrate the many benefits the gaming industry provides to Colorado. Fred Crowley, Ph.D., an economics professor from the University of Colorado at Colorado Springs, completed this study. You can read the important highlights of the study.
A national survey of gaming industry employees found that 75% of respondents had personally contributed time and money to charities and community organizations in the last year. The Colorado gaming industry gives back to its community through many charitable causes. Over the past ten years, some of these include:
This page reviews current legislative and regulatory issues relating to the Colorado commercial casino industry. To access information about the 2019 Colorado General Assembly, visit the General Assembly homepage to access the calendars for the 2019 legislative session and search the bills filed in the House and Senate. You may also locate information relating to ballot initiatives filed for 2019-20. Just click on the “Ballot Issues” icon when you visit the site.
Pictured at the signing of HB15-1047 are (L to R) State Representative Polly Lawrence, Colorado Gaming Association Executive Director Lois A. Rice, CAE, and Stephen R. Roark, President of the Colorado Gaming Association and President of Jacobs Entertainment, owner of the Lodge and Gilpin Casinos in Black Hawk, Colorado.
Click here to read the American Gaming Association’s white paper on internet sweepstakes cafes and how they undermine existing casinos and state lottery operations across the U.S.
Current legislative and regulatory issues relating to the Colorado commercial casino industry can be accessed by viewing information about the 2019 Colorado General Assembly. Here you will be able to see the calendars for the 2019 legislative session, and search the bills filed in the House and Senate. You may also locate information relating to ballot initiatives filed for 2019-20. Just click on the “Ballot Issues” icon on the General Assembly homepage.
LEGISLATIVE ACTION CENTER
CGA Members: Contact your federal and state elected officials through the Colorado Gaming Association 2019 Advocacy Center.
HB19-1327 which authorizes sports betting and refers a tax on sports betting to the voters was passed by the legislature this legislative session. Pictured with Governor Jared Polis and bill sponsor Representative Alec Garnett are Division of Gaming director Donia Amick and David Farahi, President of the Colorado Gaming Association and Chief Operating Officer for Monarch casino in Black Hawk, Colorado.
Gaming tax funds have supported preservation projects as diverse as the restoration of the State Capitol to the famous Kit Carson Carousel in Burlington, Colorado.