Weekly Highlight – The Colorado Lottery
July 13, 2013 – 30 years ago, in 1983, the Colorado Lottery got its start selling just one scratch-off ticket. At the time, Lottery officials projected they’d sell $60 million worth of tickets, but in the first six months they easily doubled that expectation.
The tradition of strong sales continues today, and the Colorado Lottery makes important contributions to the state projects every year.
In 1982, when the Lottery was approved by state lawmakers, it was deemed that 40 percent of their profits would go towards the state’s Conservation Trust Fund, 10 percent would help fund State Parks, and the remainder would be spend on construction projects in the capital.
Since 1993, 50 percent of Lottery proceeds have been directed towards the GOCO trust fund – Great Outdoors Colorado – while the 40 percent for the Conservation Fund and 10 percent for the State Parks fund remain.
The Lottery’s GOCO funding is capped at almost $60 million this year, and when that cap is reached the extra profits go directly into education programs across Colorado.
Since getting their start, the Colorado Lottery has returned almost $2.5 billion to statewide programs, thanks to successful in-state games, exciting play with the Multi-State Lottery Association, and most recently with a strong social media campaign.
While the Lottery is thrilled about its success in funding state programs, it also loves making winners. In its 30-year history, Colorado’s Lottery has paid out $4.9 billion to lottery winners.
This year, winners collected $347.5 million in prizes from the Lottery – that’s about $67 dollars per person in the state!
Today, the Colorado Lottery offers players five numbers games including Powerball and Mega Millions, as well as 84 active scratch-off games ranging from $1 to $20 to buy, with prizes up to $1 million.
Visit the Colorado Lottery’s website to learn more about their games, where the money goes, and how every dollar helps make Colorado a better place to live and play.