Colorado Lottery Reaches GOCO Cap, More than $75 Million in Proceeds to Support Outdoors
Pueblo, Colo. (April 12, 2023) – On March 20, the Colorado Lottery revenue for fiscal year 2023 reached the funding cap for Great Outdoors Colorado (GOCO), the earliest in the Lottery’s 40-year history. This year, the Lottery will give $75,706,639 million in proceeds to GOCO to fund parks, recreation, conservation, and open space projects across the state.
Major factors contributing to Lottery’s winning revenue year include two billion-plus jackpots (Mega Millions and Powerball), plus a dueling jackpot which reached more than a combined billion dollars. Continued Scratch product growth and Colorado Lotto+ jackpots of more than $14 million also played major roles.
“We are thrilled that so many Coloradans enjoy the games offered by the Lottery and sold through our network of 3,000 retailers across the state,” said Tom Seaver, director of the Colorado Lottery. “We’re also thrilled that so much funding will be available for GOCO to support their incredible work. This also means the Lottery will need to responsibly grow our revenue to ensure support for our other beneficiaries like BEST and the Outdoor Equity Fund. Those funds will only receive Lottery revenue after we reach the GOCO cap.”
Next fiscal year, GOCO will see the largest increase in funding from the Lottery in history due to inflation increases.
“Congratulations to Colorado Lottery, its proceeds partners, and all Coloradans who will benefit from this awesome achievement,” said GOCO Executive Director Jackie Miller. “We are proud to partner with communities from the Western Slope to the Eastern Plains to invest proceeds in the highest and best uses in our state’s great outdoors.
By statute, the GOCO cap is adjusted annually based on the Consumer Price Index (CPI) for the Denver metropolitan area for the preceding calendar year.
About Colorado Lottery:
Since 1983, the Colorado Lottery has returned more than $4 billion to outdoor projects and schools through Great Outdoors Colorado, the Conservation Trust Fund, 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, and improve parks, trails, and open space in Colorado, and fund critical infrastructure projects for schools. For more information, visit coloradolottery.com.
SOURCE: Colorado Lottery.Tags: Colorado Lottery, Great Outdoors Colorado, Tom Seaver