Colorado Plans to Increase Betting Limit, Introduce Craps and Roulette to Casinos
On August 8th, 2008, the supporters of the proposal to increase the betting size of Colorado submitted enough signatures to place the question on the November 2008 ballot, according to Secretary of State Mike Coffman. The gaming measure will be Amendment 50 on the ballot. The state voters in Colorado approved limited states gaming in three towns in November 1990: Central City, Black Hawk and Cripple Creek.
But despite that fact, only poker, blackjack and slot machines are allowed in these three towns. The maximum allowed wager is $5. If approved, the Amendment fifty would allow the state Legislature or the state voters in the three gaming town increase the maximum wager to $100 and roulette and craps.
Tax profit produced by the bigger bets would be allocated fairly, with twenty percent going to cities where gaming is permitted and seventy eight percent allotted for financial aid for college students. Coffman commented that 133,401 signatures were submitted. Of those signatures, a random sample showed 88,965 were projected to be valid. The state required 76,047 signatures to place the measure on the ballot.
David M. Bedingfield