News - Local
Casinos want lower payouts in blackjack
Posted: Feb 17, 2010 10:30 AM by Associated Press
Colorado casinos want regulators to lower the minimum payout on blackjacks.
Under a proposal that will be considered Thursday during the Colorado Limited Gaming Control Commission's monthly meeting, a $10 bet would return $12 instead of $15 under current regulations. The change would mean casinos would pay 6-to-5 when a card player hits 21 with two cards, instead of the current 3-to-2.
The proposal comes after voter-approved regulations that increased the maximum bet from $5 to $100 failed to increase casino revenues by a hoped for 25 percent. Casino revenue increased 9 parent during the first six months of the changes that took effect in July.
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