Colorado Governor Seeks to Raise Taxes on State Casinos Ahead of Term End

Gov. Jared Polis , the outgoing governor of Colorado, has proposed increasing the state’s tax on casinos ahead of his term’s end in January. The governor is pushing for a progressive tax, up from the current effective rate of 16.1%, moving it closer to the country’s average, which is 26% . The proposed effective rate of the tax would be 23%. The progressive tax, though, would be higher – 35% in cases of a casino’s earnings exceeding a certain threshold.