Gaming tax revenue attributed to Amendment 50 and Amendment 77 is not subject to the TABOR limit. Expanded gaming in each community began May 1, 2021.

During the same election, the three cities approved local measures to eliminate casino bet limits and give their respective city councils the authority to approve new casino games. In 2020, Colorado voters approved Amendment 77, which allowed the three local gaming cities to approve new casino bet limits and games. In 2009, Colorado voters approved Amendment 50, which allows additional casino games, higher bet limits, and longer hours of operation. Most gaming tax revenue is subject to the TABOR limit on state revenue and spending. For each month of operation, casinos remit gaming taxes to the Division of Gaming in the Department of Revenue by the 15th day of the following month. 1 The gaming tax is levied on casinos’ adjusted gross proceeds, defined as the amount of money collected from gamblers in wagers minus the amount paid to gamblers in winnings. The gaming tax was first levied in 1991 when casino gambling became legal in the municipalities of Black Hawk, Central City, and Cripple Creek.

Do casinos withhold taxes on winnings