COLORADO LOTTERY MARKS ANOTHER RECORD SALES AND PROCEEDS YEAR

COLORADO LOTTERY MARKS ANOTHER RECORD SALES AND PROCEEDS YEAR

Returns $135.6 Million to Fund Parks, Recreation, Open Space, Wildlife Conservation and Schools

FOR IMMEDIATE RELEASE

DENVER,Aug. 7 2013 – The Colorado Lottery posted record annual sales of $566.3 million in the fiscal year ending June 30, 2013, thanks to record-setting Powerball jackpots in May and another record-high year of Scratch ticket sales. Sales for the year were up $21.0 million, a 3.8 percent increase from FY12. Total proceeds to Lottery beneficiaries increased to a record $135.6 million compared to $123.2 million a year ago.

Jackpot games sales were up 9.2 percent from previous year’s sales generating $197.7 million. When the Powerball jackpot hit a record $590 million on May 18, the Colorado Lottery sold more than $23.1 million during the jackpot run, which ran from April 3 through May 18. This drove total Powerball sales to $116.7 million for FY13, up $34.9 million from FY12. Scratch ticket sales were up 1.2 percent from previous year’s sales generating a record $368.6 million. In late April a new jackpot game, Pick 3, was introduced and generated $1.9 million in FY13.

For the second year in a row, the Lottery proceeds percentage has increased from 21.85 percent in FY11 to 22.60 percent in FY12, with another increase in FY13 to 23.95 percent. These increases can be attributed to a focus on reducing administrative costs. Lottery proceeds support Colorado parks, recreation, open space, conservation education, wildlife projects and schools. The Lottery has returned more than $2.6 billion to the state of Colorado for these causes since its creation 30 years ago.

Proceeds from the sale of Lottery products are mandated to be distributed according to the following formula: 50 percent to the Great Outdoors Colorado (GOCO) Trust Fund, 40 percent to the Conservation Trust Fund and 10 percent to Colorado Parks and Wildlife. GOCO funds were capped at $59.2 for FY13: any proceeds the Lottery raises beyond that amount go to the Public School Capital Construction Assistance Fund (BEST Program).

This year, FY13, the Lottery’s proceeds beneficiaries will receive the following contributions from sales of Lottery tickets:

  • Great Outdoors Colorado: $59.2 million
  • Conservation Trust Fund: $54.3 million
  • Colorado Parks and Wildlife: $13.6 million
  • BEST Program: $8.6 million

“It is exciting to see that our efforts are resulting in an upward trend of proceeds to beneficiaries,” said Barb Brohl, Executive Director of the Department of Revenue. “Because our proceeds exceeded the GOCO cap, we are able to provide $8.6 million to the BEST program, which goes to address facility safety issues at underfunded public school districts. This is nearly twice the amount from FY12, when we provided $4.6 million to BEST.”

Communities, counties and open spaces across Colorado benefit from Lottery dollars. Some projects that benefited from Lottery funds in FY13 include:

·         The Denver South Platte River Vision Implementation Project – transformation ofGrant-Frontier, Overland, Vanderbilt and Johnson-Habitat Park into wilderness-in-the-city spaces, as well as improvements to three miles of the South Platte trail between and extending past the parks.

·         The Fountain Creek Watershed Trails and Recreation Projects Initiative – improving Colorado Springs' America the Beautiful Park, expanding the existing Fountain Creek Nature Center, constructing a trailhead and 4.3 miles of trail along the creek through the Colorado Springs’ Clear Spring Ranch Open Space and constructing a creek side park in Pueblo’s Eastside neighborhood that will feature a splash park, skatepark and direct creek access.

·         Lincoln Park, Grand Junction Improvements – removal of the dangerous Loop Road cutting through the park, adding 1,452 feet of concrete trail and installing a universally accessible playground.

For a complete list of projects that were funded with Lottery dollars, please visit our website at http://www.coloradolottery.com/GIVING-BACK/PROJECTS-BY-COUNTY/.

The sales figures in this press release are unaudited.

About Colorado Lottery

Proceeds from the Colorado Lottery’s games – Lotto, Cash 5, Pick 3, Powerball, Mega Millions and Scratch - stay in Colorado to improve the quality of life in the state. The Lottery has returned more than $2.6 billion to the state of Colorado since its creation 30 years ago. Through Great Outdoors Colorado, the Conservation Trust Fund and Colorado State Parks, the Lottery has provided funding for new trails, precious open space and wildlife protection.

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August 7, 2013
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