We found baccarat in seven Black Hawk casinos: Ameristar, Dragon Tiger, Horseshoe Casino, Lodge Casino, and Monarch Casino. Free bets are not taxed, and with this legislation, sports gambling revenue will be doubled for the state, allowing for more money to be allocated to the Colorado Water Plan. The state’s old 100 bet limit was retired on the same date. More recently, the sports gambling tax in particular has also been used to fund the Colorado Water Plan, which aims to get Colorado ready for a warmer and drier climate.Īs the Colorado Sun notes, Colorado passed legislation last year to limit the amount of free bets sports gambling companies are allowed to run in the year. It also gave $25 million with the same tax dollars to the Colorado State Historical Fund. Between 20, Colorado allocated $13.8 million towards community colleges just from gaming and sports gambling taxes. Sports gambling and casino taxes have been a huge revenue stream for Colorado since it was officially greenlit in 2019.įor one, a large chunk of the funds collected from gaming and sports gambling are going towards funding Colorado’s community college system.
