Colorado Lottery Sales Up in First Quarter

FOR IMMEDIATE RELEASE

October 1, 2008

Colorado Lottery Sales Up in First Quarter

DENVER– Sales of Colorado Lottery tickets are as hot as our Indian Summer. Through the first quarter of Fiscal Year 2009, sales are up 4.2 percent, or approximately $5 million from this time last year. Sales were $124.8 million in the first quarter this year, compared to $119.8 million in FY08.

“The Colorado Lottery continues to grow revenues for our beneficiaries, in spite of the tough economic conditions faced by our state’s residents and the nation overall,” said Lottery Director Jack Boehm. “This is a tribute to our continuing effort to provide quality products to our players and retailers.  We are also expanding our retailer network to make our products readily available to all Colorado residents.” 

Lotto showed the most gains in the first quarter, posting sales of $12.7 million, up 18.6 percent. This gain is largely due to a growing jackpot, which now stands at $10 million, the highest the jackpot has been since 2002. Cash 5 sales were $4.96 million, up 9.2 percent; and Scratch sales were $80.3 million, up 9.8 percent. The only product that showed a decline was Powerball. Sales for Powerball were $26.8 million, a decline of 14.6 percent over last year. During the first quarter of FY08, the Powerball jackpot had reached $314 million, which helped drive sales during that quarter.

“As we all know, the revenue from the Lottery supports efforts to maintain and expand open space throughout the state of Colorado, expand our parks system and maintain a quality environmental system for residents to work and play in,” Boehm said. 

Proceeds from the Colorado Lottery’s games - Scratch, Lotto, Powerball and Cash 5 - stay in Colorado to improve the quality of life in the state. In fiscal year 2008, more than $122.3 million was returned to Colorado. Since the lottery started in 1983, $2 billion has been returned to the state.

 

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October 1, 2008
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