The Colorado Lottery creates winning people, winning futures and winning moments. Since 2009, the lottery has raised more than $914 million which has helped provide more than 542,000 college scholarships. The lottery has also awarded more than $3 billion in prizes to players, paid about $266 million in retailer commissions and provided more than $130 million state and federal tax revenue.
The purpose of the Department of Finance and Administration Office of the Colorado Lottery is to oversee the operation of a lottery whose net proceeds will provide scholarships and grants to Colorado citizens for in-state colleges and universities. Scholarships are to be available for non-profit, public and private, two- and four-year colleges and universities. Colorado Code Annotated § 23-115-102.
Under C.C.A. § 23-115-102, the lotteries are to be operated and managed in a manner that: