PUEBLO, Colo. (August 28, 2024) – For the fourth consecutive year, the Colorado Lottery announces a record sales year of $900,756,363 and a Lottery proceeds distribution record of more than $196,388,272 that will be distributed among beneficiaries for FY24.
A banner year for record-setting jackpots, the Lottery’s two Mega Millions and one Powerball Jackpot that exceeded $1 billion each drove a significant boost for this year's sales, with more than $312 million in sales across all jackpot games, surpassing the $300 million mark for the first time in history. The Lottery’s sales for Jackpot games surged past FY23 by 6.5%.
“Our goal to become a $1 billion lottery is in our sight with this year’s tremendous revenue success, 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. "
“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.
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