Black Hawk’s Casino Market Ranks 12th with $923.2m GGR

Summary:

• The small town of Black Hawk, Colorado, has shown it has one of the quickest-developing casino markets in the US.
• According to data from the American Gaming Association, in 2023, Black Hawk was the only market that managed to go up at least two GGR spots compared to 2022 figures.
• Black Hawk/Central City ranked 12th with a GGR of $923.2 million.

The small Back Hawk/Central City, Colorado casino market located just 35 miles west of Denver has yet again stood out as one of the most lucrative commercial casino markets in the US.

Data from 2023 presented by the American Gaming Association (AGA) has presented Black Hawk’s casino market in the 12th position as measured by gross gaming revenue (GGR), after a 3.1% YoY increase to $923.2 million.

The Only Market to Go Up at Least Two GGR Spots

AGA’s industry update introduced Black Hawk as the only market that managed to go up at least two spots in relation to GGR compared to last year’s numbers.

The casino markets in Chicago, The Poconos, Pennsylvania, and Lake Charles, Louisiana, each recorded a single spot rise.

Black Hawk’s 3.1% surge was only surpassed by Cleveland with 5% and Wynn Resorts Encore Boston Harbor with 4.1%.

Maybe even more surprisingly, the small city’s casino market announced it recorded a GGR that was higher than the one reached by Reno and equal to the figure published by downtown Las Vegas.

What Triggers Black Hawk’s Growth?

Black Hawk is home to one of the state’s fastest-growing populations. Together with its 2021 policy that enables gaming operators to provide additional table games with higher limits could explain their excellent figures.

Additionally, brand-new and upgraded casino hotels that target higher-end clientele like Monarch Casino’s namesake Black Hawk property also contribute to the fast growth of the market.

Looking at the current growth trends, the small city is expected to soon join the list of nine US markets with a $1 billion GGR.

In other news, the list of the biggest commercial casino markets in terms of revenue largely remained unchanged in 2023, with Las Vegas leading the top once again.

Of the top 20 markets by GGR, only five are located in the Western part of the US.