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Pari-Mutual wagering was approved in Colorado in 1948. In 1950 Colorado's first facility Centennial Race Track opened in Littleton Colorado just outside of Denver. Billed as the "Santa Anita of the Rockies" it never lived up to expectations and went out of business in 1983.

In 1965 a second track Pikes Peak Meadows opened south of Denver in Colorado Springs. It too had little success having several tries before being turned into a race car speedway in 1993.

A third track Arapahoe Park was opened in 1992 in the Denver suburb of Aurora is still running but even with the banishment of dog racing in Colorado (the reason Centennial failed) it has not had much success and seems to be hanging on year to year.

Colorado does not have racinos. Harness racing was run at Centennial for a short period but didn't generate much interest!

In 2011 Arapahoe Park was the only remaining pari-mutual venue in Colorado once dog racing was banished in 2008. Though there are casinos in Colorado there are no racinos. Arapahoe is scheduled for live racing in 2012.