29 Jan Get Your Lottery Payments and Give Yourself the Opportunity to Check Out How Colorado Spends Theirs
Practically the entire country was captivated by the eventual $1.6 billion worth of lottery payments that was won and divvied up among three lucky Powerball jackpot winners and the government, which takes about 25% of jackpot winnings. It seemed as if everywhere you went, everyone had an opinion on what they would do with the historic level of lottery payouts that someone in the country was likely to soon win in the days leading up to the drawing.
If you weren’t one of the lucky few to split the massive amount of lottery payments, you might be curious to know where the money you spent on lottery tickets got to. According to Fox 31 Denver, a significant portion of that money went to — and still goes to — fund environmental and outdoor initiatives.
Twenty-four cents of every dollar spent on lottery goes back to the state and of that about 50% goes directly to things like state parks and trails through organizations like Great Outdoors Colorado.
“Our state park system receives no tax revenue. It’s entirely funded through gate receipts and lottery-funded,” said Lise Aangeenbrug, exeuctive director of Great Outdoors Colorado.
Colorado is well-known as being one of the most visually appealing states to visit and the 900 miles of trails and 1,000 state parks that have been built via these means are a big part of the reason why.
Many people (52%) who win lottery jackpots leave their job to do things like travel. If you’re in possession of a lottery annuity settlement and are excited by the thought of taking a trip somewhere such as Colorado, you should consider selling your lottery payments for a lump sum lottery payout.
Many lotteries, such as the Mega Millions, gives you the option of receiving one immediate payment and 29 annual payments that increase by about 5% each year.
Checking out some of the amazing work that got done thanks to lottery funding is a great way to spend some of your own lottery payments. Contact us today and we can turn those dreams into reality.