Black Hawk gaming revenues, sports bets rose in December
During Armbright’s
childhood, the first floor of
the former church served
as the neighboring school’s
gymnasium, including a
basketball court. Recalled
the councilwoman, “We
were a little naughty. We
weren’t supposed to climb
up the rickety old set of
steps inside, but we did.
We’d go up and play in the
attic – where the church
bell was.”
experienced
a 1.30 per-
cent decline
during the
six months, a
loss of $1.113
million. Com-
bined, the state realized a
.25 percent decline over the
six months from one year
earlier, earning $1.36 mil-
lion less.
Senior Reporter
According to newly-
released reports, gaming
revenues bounced back for
Black Hawk during Decem-
ber.
gered $71,430 million
during the month, a 17.74
percent jump over Novem-
ber, establishing a record
for $608.488 million in
wagers. In December 2022,
those who spent money
on sports betting wagered
$518.089 million.
Black Hawk’s 15 casinos
reported an 8.76 percent –
or $5.875 million rise – in
Adjusted Gross Proceeds
during the final month of
2023 compared to Decem-
ber 2022. AGP, or Adjusted
Gross Proceeds, is the
amount wagered by players
less the winnings paid to
players.
While Black Hawk’s AGP
has shown losses and gains
during the first six months
of Colorado’s fiscal gam-
ing year, the city’s casinos
entered 2024 slightly
ahead of the same period
in 2023. During the month,
Black Hawk provided
85.05 percent of the state’s
casino AGP revenues, while
Cripple Creek contributed
9.73 percent and Central
City 5.22 percent.
Today, the school building
retains its vintage appear-
ance on the exterior, but
changes are evident to those
who step inside. “I think it’s
wonderful. It’s just wonder-
ful. For some reason, there
seems like there’s more
room in it today compared
to the past,” commented Al-
derman Armbright. “When
I was growing up, my mom
and dad had the Gilpin Ho-
tel. I used to think that was
so big, too.”
Colorado collected
$3.682 million in taxes
from sports bets in Decem-
ber, representing a 147.27
percent increase from a
month earlier. It also was
a 42.52 percent increase
from December 2022
($2.584 million).
While Black Hawk fin-
ished the first six months
of the Colorado gaming
revenue with improved re-
sults from the period from
July 1 to Dec. 30 in 2022,
the gaming towns of Cen-
tral City and Cripple Creek
(Teller County) weren’t
quite as fortunate.
During December, NFL
football and NBA hoops
accounted for the most-
bet-upon sports, with 26.9
percent and 23.9 percent,
respectively, waged on
games. However, parlay/
combination bets repre-
sented the largest single
category – 28.5 percent
– of where the month was
played. Behind them, the
other most popular bets
were NCAA football (6.4
percent) and NCAA basket-
ball (4.2 percent).
Black Hawk saw AGP
increase in September,
November and December,
while declines occurred in
July, August and October.
Before July, Black Hawk
experienced an unprec-
edented winning streak, as
AGP set records for 26 of
27 months.
Central City’s AGP de-
clined by 0.34 percent, a
loss of $21,296, compared
to Dec. 2022, while Crip-
ple Creek showed a 5.89
percent rise, or $755,598.
For the final six months of
2023, Black Hawk expe-
rienced a .041 percent
increase (representing a
$1.759 million gain). At
the same time, Central’s
revenues stumbled by 4.77
percent, a loss of $2.009
million. Cripple Creek
Mayor David Spellman
grew up in Black Hawk
and – as an avid historian
of his city – recounted
the history of the build-
ing. “Construction on the
Black Hawk Schoolhouse
commenced on July 20,
1869, and was completed
by Dec. 24, 1869. The first
classes began on Feb. 28,
1870. The total cost of the
schoolhouse, including
furniture, was $14,538. It
“The Black Hawk School-
house missed its centennial
anniversary of operating
as an educational building
by 10 years as the school-
house closed its doors and
the last students left the
classrooms in the spring of
1960,” said Spellman.
Sports betting
Colorado saw record-set-
ting sports betting income
for the second consecutive
month in December.
(See related story on
how the old school is used
by the Black Hawk Police
Department today.)
According to state fig-
ures, sports bettors wa-
