The amount of money increased by 12 percent this year, according to researchers.
The Aspen resident won the USA Pro Challenge cycling championship for the second time in a row on Sunday in Denver.
“This week was just incredible,” Aspen's Tejay van Garderen says.
Legendary commentator Phil Liggett is in Colorado to call the race, which takes place this week across the state.
Victor Williams, a leader in Colorado’s cycling community, died in June after crashing in a velodrome. His daughter Kirsten, 18, is riding in his memory.
The track will host amateurs looking for a good workout, as well as races in which several cyclists can reach speeds upwards of 40 miles per hour – with no brakes on their bikes.
A national organization based in Boulder is targeting Denver and five other cities to advocate for bike lanes separated from car traffic.