Colorado Casino Hub Leads the Charge Against Digital Betting to Protect Local Brick-and-Mortar Casinos

The City of Black Hawk, Colorado, has made history as the first municipality to ally with the National Association Against iGaming (NAAG). This strategic move underscores the town’s unwavering commitment to protecting its local economy, which is fundamentally built upon its thriving brick-and-mortar casinos. By taking this stand, Black Hawk aims to safeguard the physical gaming experience and the essential jobs provided by brick-and-mortar casinos against the growing competitive threats posed by the rise of online gambling.

With an impressive suite of casinos, Black Hawk is recognized as one of the nation’s fastest-growing gaming markets. The recent unanimous vote by the Black Hawk City Council reflects a strategic move to protect the local economy, ensuring that iGaming does not overshadow its traditional establishments.

The Significance of Joining NAAG

In a recent council meeting, Jason Gumer, vice chairman of NAAG and general counsel for Monarch Casino & Resort, presented significant findings that underscored the potential drawbacks of internet gambling. Gumer emphasized the long-term economic threats posed by iGaming, reflecting concerns about job losses and diminished local revenue.

He stated, “If iGaming comes, you will not see another brick-and-mortar casino opened again. Companies like Monarch, who have invested millions to build and expand properties, will halt their growth plans,” as reported by The Mountain Ear.

Why Black Hawk Opposes iGaming

It’s clear why Black Hawk takes a firm stance against iGaming. The region, which includes Central City, ranks among the top ten in terms of gross gaming revenue (GGR) in the United States. Recognizing that these local markets have already made strides in enhancing appeal—by introducing table games and raising betting limits—Black Hawk aims to retain players rather than see them migrate to places like Las Vegas.

• Job Protection: A study by The Innovation Group indicates that Colorado could lose over 2,000 jobs if online gambling becomes legalized.
• Economic Impact: The state risks losing $129 million in labor income due to internet casinos.
• Addiction Costs: Increased gaming addiction could lead to costs upwards of $830 million.

As Gumer articulated before city council members, “iGaming does not support local jobs and instead redirects profits out of state.” This perspective aligns with the sentiments of many local business owners who see the potential threats to their livelihoods.

Future Projections for iGaming in Colorado

Interestingly, Gumer did not delve into the weakening prospects for iGaming approval within the state during the meeting. Current industry forecasts suggest that only Florida is expected to allow internet casinos by the end of 2027, with other states likely remaining closed to such initiatives.

Casino operators across Colorado, particularly those with experience in states where iGaming is legal, have voiced their opposition to expanding this format to Colorado. They echo the sentiment that local economies must remain vigilant against legislative proposals that could threaten the brick-and-mortar establishments.

Conclusion

The action taken by Black Hawk to join the NAAG is a proactive measure aimed at safeguarding its economic interests in a rapidly evolving gambling landscape. By opposing iGaming, Black Hawk reinforces its dedication to maintaining a thriving local casino industry that creates jobs and supports its community. As Colorado’s gaming markets continue to grow, the emphasis on protecting traditional gaming from encroaching online competition will remain pivotal for the future of this vibrant sector.