Author: Matt Pelc | Article Posted at: May 6, 08 - 2:00 pm

Colorado limit increase shot down for now

One attempt to raise the betting limit at Colorado casinos is dead, but another one is still alive.

A Colorado Senate committee last week rejected a proposal to ask voters to get rid of the $5 limit. Lawmakers expressed concern that so many issues may be on the November ballot that voters will kill most of them.

But a petition drive is planned to get an initiative on the ballot that would raise the bet limit to $100, expand casino hours and add roulette and craps games. Currently, casinos may offer only blackjack, poker and slot machines.

Increasing the bet limit would mean extra tax revenue.