FOR IMMEDIATE RELEASE
April 22, 2013
Contact: Cameron Lewis 303-205-1334
Adjusted Gaming Revenues up from February to March
Golden – Gaming revenues were up statewide in March, with Adjusted Gross Proceeds (AGP) of just over $67.7 million for the month, up 17.7 percent from February’s AGP of $57.5 million. However, comparing 2013 to March a year ago, when AGP was just over $71.3 million, there is a drop of about 5 percent. AGP is the amount of money wagered minus the amount paid out in prizes or jackpots.
All three gaming towns in Colorado showed similar trends, with an improvement from March over February this year, but a drop from the amount of AGP collected in March of 2012. Cripple Creek posted AGP of nearly $10.8 million in March 2013 compared to almost $9.7 million in February this year, an increase of 11.3 percent. However, looking back to March 2012 when the AGP in Cripple Creek was just over $11.4 million, there is a decrease of about 5.3 percent.
Black Hawk’s AGP for March 2013 was slightly more than $50.6 million, a jump of 18.8 percent over February 2013 AGP of almost $42.6 million. In March 2012, Black Hawk’s AGP was almost $53.1 million, so this year is down about 4.7 percent in comparison.
Neighboring Central City also saw a boost from February to March 2013, with February’s AGP of nearly $5.2 million eclipsed by March’s AGP of just over $6.3 million, up 21.2 percent. Comparing this March to March 2012, when the AGP was more than $6.8 million, there is a drop of about 7.4 percent.
Taxes collected statewide in March 2013 totaled nearly $11.1 million, a jump of 23.3 percent compared to February 2013 gaming taxes of nearly $9 million. Going back to March of 2012, the statewide gaming taxes were just over $11.8 million, so this year is down about 5.9 percent.
Statewide, with the exception of a single casino closing the first week of January, the number of casinos remained fairly constant with 40 open casinos for January, February and March. A year ago, Colorado also had 40 active casinos.
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