Post by pavel on Feb 8, 2016 21:03:05 GMT -6
SANTA FE, N.M. — A measure that strikes down the minimum percentage of revenue the New Mexico Lottery has to contribute to the lottery scholarship fund glided through a Senate panel Monday.
Currently, for every dollar spent on a lottery ticket, 30 cents must go to the lottery scholarship.
Lottery officials and Sen. John Arthur Smith, D-Deming, sponsor of Senate Bill 180, argued the current practice limits jackpot payouts, which, in turn, stymies lottery revenues.
All but one member of the Senate Corporations and Transportation Committee voted to approve the bill. It goes to the Senate Finance Committee next.
Read more: www.abqjournal.com/720550/news/nm-news/lottery-change-advances-in-senate.html
Currently, for every dollar spent on a lottery ticket, 30 cents must go to the lottery scholarship.
Lottery officials and Sen. John Arthur Smith, D-Deming, sponsor of Senate Bill 180, argued the current practice limits jackpot payouts, which, in turn, stymies lottery revenues.
All but one member of the Senate Corporations and Transportation Committee voted to approve the bill. It goes to the Senate Finance Committee next.
Read more: www.abqjournal.com/720550/news/nm-news/lottery-change-advances-in-senate.html