The Colorado Limited Gaming in Selected Western and Southern Cities and Counties Initiative, also known as Initiative 3, was on the November 3, 1992 ballot in Colorado as an initiated constitutional amendment, where it was defeated. The measure would have legalized limited gaming in the towns of Trinidad, Walsenburg, Leadville, Naturita, Silver Cliff, Lake City, Silverton, Oak Creek, Grand Lake, Walden, and Dinosaur and in the counties of Las Animas, Huerfano and Hinsdale. If the measure had passed, each town and county would have voted to allow the measure's implementation.
| Colorado Initiative 3 (1992)|
|Yes|| 448,779|| 29.74%|
Election results via: Colorado State Legislative Council, Ballot History
Text of measure
The language appeared on the ballot as:
|| Shall there be an amendment to Article XVIII of the Colorado Constitution to permit limited gaming in the cities and towns of Trinidad, Walsenburg, Leadville, Naturita, Silver Cliff, Lake City, Silverton, Oak Creek, Grand Lake, Walden, and Dinosaur and in the counties of Las Animas, Huerfano, and Hinsdale, subject to an affirmative vote of the electorate in each such city, town, or county at a special election; to add to the types of games which may be conducted where limited gaming is permitted; to change the maximum allowable tax on the proceeds of limited gaming from 40% to 15%; to allocate tax and fee revenues; and to create a Colorado rural economic development board to administer a portion of such revenues?