Colorado governor proposes raising casino tax rates to 23%
Colorado Governor Jared Polis proposed raising the effective tax rate on the state’s casinos to 23% from 16.1% in his final budget proposal. The proposal estimates $80.2 million in annual revenue from the gaming industry; voters would have to approve a tax increase under the state’s taxpayer bill of rights.
Colorado casinos could face higher tax rates, subject to voter approval.