Recession hits Colorado Lottery, sales drop
DENVER, Colorado ” When it comes to spending money on the Colorado 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.