Recession Hits Colorado Lottery, Sales Decrease

By: Associated Press
By: Associated Press

When it comes to spending money on the lottery in a recession, all bets are off.

The Colorado Lottery's sales dipped by 2.2 percent over the past six months, generating less money for the state's parks, wildlife and open space.

Sales plummeted 17.2 percent in November. They recovered some in December, but sales were still more than 2 percent lower than in December 2007, according to unaudited figures.

The decline is modest compared with other industries. The Colorado Lottery set a sales record with $499.4 million in revenue for calendar year 2008. But the state lottery's fiscal year ended in June, and sales have dropped as the recession has deepened.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 37068814 - kktv.com/a?a=37068814
Gray Television, Inc.