DOR Gaming
Text  Increase Text SizeDecrease Text Size

Limited Gaming Fund

The Division of Gaming is a cash-funded organization, meaning no general tax dollars are used for its operation or expenses. The Division operates on the revenues generated from the gaming tax, application and license fees, any fines levied by the Division and other miscellaneous revenues.

 

Before any monies are distributed via the Limited Gaming Fund, the expenses of running the Commission and the Division of Gaming must be paid and two months of operating expenses for the Division must be placed in escrow. After these obligations are met, the remaining money is distributed according to the following Constitutional formula:

 

  • 28% to the State Historical Society
  • 12% to Gilpin and Teller counties
  • 10% to Black Hawk, Central City and Cripple Creek
  • 50% to the State General Fund

The allocation of the 50% State General Fund share is controlled by statute.

 

Any additional tax revenues generated by the implementation of Amendment 50 will be distributed according to the following Consitutional formula:

 

  • 78% to the Colorado Community, Junior and District Colleges
  • 12% to Gilpin and Teller counties
  • 10% to Black Hawk, Central City and Cripple Creek