Sep 5, 2024
A milestone year with $900+ million in sales
For the fourth consecutive year, the Colorado Lottery has set a new sales record, bringing in over $900 million in revenue. This achievement translates into more than $196 million in funds for beneficiaries across the state.
Jackpot Games Drive Growth
This year saw a significant boost in sales, thanks in part to record-setting Mega Millions and Powerball jackpots. With over $312 million in sales from all jackpot games, the Lottery surpassed the $300 million mark for the first time. Jackpot game sales alone surged 6.5% compared to FY23. Scratch products remained the largest revenue generator, with nearly $588 million in sales.
Where Every Dollar Goes
For every dollar spent on Lottery games:
- 65 cents goes to winners.
- about 22 cents goes to proceeds beneficiaries.
- 7-8 cents goes to Lottery retailers.
Funding a Better Colorado
The Lottery's proceeds support a wide range of projects across the state, including parks, recreation, open space, wildlife projects, and public school construction. Here's the breakdown of this year’s funds:
- Great Outdoors Colorado (GOCO): $81.7 million
- Conservation Trust Fund (CTF): $78.5 million
- Colorado Parks and Wildlife (CPW): $19.6 million, plus an additional $2.6 million for Parks/Outdoors Recreation and Wildlife Cash Funds
- Building Excellent Schools Today (BEST) spillover revenue: $8.2 million
- Outdoor Equity Grant Program (OEGP): $3 million
Aiming for $1 Billion
“Our goal to become a $1 billion lottery is within sight with this year’s tremendous revenue success,” said Tom Seaver, Director of the Colorado Lottery. “We’re on track to soon surpass the $200 million mark for our proceeds partners, supporting our state’s parks, recreation, open space, and wildlife preservation projects. As our revenue grows, so does our responsibility. Our new player health manager will help us ensure that we grow responsibly with our players’ health at the forefront.”
Read the full press release here.
Colorado’s Outdoors Win
Since selling its first ticket in 1983, the Lottery has given back over $4.2 billion for good causes across the state, all at no cost to taxpayers. Lottery proceeds have funded countless projects, large and small, in every community from the Eastern Plains to the Western Slope. See where the money goes.