“Our goal to become a $1 billion lottery is in our sight with this year’s tremendous revenue success,” said Tom Seaver, Director of the Colorado Lottery, “and we’ll soon surpass the $200 million mark for our proceeds partners that support our state’s parks, recreation, open space, and wildlife preservation projects.
Sep 5, 2024
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.
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.
For every dollar spent on Lottery games:
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:
“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.
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.
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“Our goal to become a $1 billion lottery is in our sight with this year’s tremendous revenue success,” said Tom Seaver, Director of the Colorado Lottery, “and we’ll soon surpass the $200 million mark for our proceeds partners that support 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.”
The Lottery’s Scratch product segment continues as the largest revenue generator, with sales of more than $588 million. A detailed breakdown of the Lottery’s revenue by game and proceeds over the past five years is available here. Please note that lottery sales and proceeds numbers provided are unaudited and subject to slight variations.
Surpassing $194.4 in FY24, and more than $4.2 billion total in proceeds funding, the Lottery reached the Great Outdoors Colorado (GOCO) cap in April 2024, receiving more than $81.7 million. The Conservation Trust Fund (CTF) will receive more than $78.5 million. Colorado Parks and Wildlife (CPW) will receive $19.6 million, plus more than $2.6 million in funding for each of its Parks/Outdoors Recreation and Wildlife Cash Funds. Building Excellent Schools Today's (BEST) spillover revenue is more than $8.2 million for FY24, and the Outdoor Equity Fund will receive its full allocation of $3 million.
Other factors in the Lottery’s success in FY24 include signing a new Lottery Revenue Generation Solution (LRGS) partnership contract with IGT, which will convert the Lottery to a new Central Gaming System in FY26 to improve the integrity, security, and efficiency of the Lottery’s operations. FY24 also brought new vending machines, retailer recruitment, and predictive ordering for the Lottery’s Scratch games. Furthering its commitment to responsible gambling for ethical growth, the Lottery also hired its first player health manager, dedicated solely to player safety and ensuring the Lottery operates using best practices in the industry.
Of every dollar spent on Lottery games, 65 cents goes back to winners and about 22 cents to proceeds beneficiaries. Lottery retailers receive an average of more than $19,000 every year selling Lottery products. As a state agency committed to fiscal responsibility, in FY24, the Lottery has grown its problem gambling and responsible gambling initiatives.
About Colorado Lottery
Since 1983, the Colorado Lottery has returned more than $4.2 billion to outdoor projects through Great Outdoors Colorado, the Conservation Trust Fund, and Colorado Parks and Wildlife and Building Excellent Schools Today. Proceeds from sales of Colorado Lottery games – Scratch, Powerball, Mega Millions, Colorado Lotto+, Lucky for Life, Cash 5, and Pick 3 – enhance, protect, improve parks, trails, and open space in Colorado. For more information, visit coloradolottery.com.
https://www.coloradolottery.com/en/news/detail/colorado-lottery-achieves-record-sales-generating-over-196-million-for-the-great-outdoors/1264/