Comment #1

Todd — Tue, 28 Feb 2017 20:40:45 GMT

While all of this may be politically expedient, I can tell you that this level of micromanagement and meddling will do nothing but hurt the available scholarship money. The lotteries will not have the flexibility they need to be able to maximize revenue to the state. The same thing happens when politicians start limiting the amount of money dedicated to prizes. Instead of increasing revenues, it makes people not want to play, and revenue goes down. Dummies.

New Mexico House committee endorses changes in lottery operations

Lottery Post — Tue, 28 Feb 2017 20:40:14 GMT

Financial bonuses for state lottery officials and contractors would be tied to increases in scholarship money available to New Mexico college students under a bill that got unanimous bipartisan approval from a House committee Monday.

House Bill 250, sponsored by Rep. Jason Harper, R-Rio Rancho, also would require the state lottery to transfer money from unclaimed cash prizes usually $2 million to $4 million a year to the lottery scholarships fund.

In addition, the bill would halt a pilot p... [ More ]