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Lottery director asks Senate to replace 30% rule with fixed-dollar floor to grow scholarship revenue
Summary
Witnesses told the Senate Finance Committee SB309 would replace a 30% return requirement with a fixed-dollar floor ($43M, moving to $45M) for transfers to the lottery scholarship fund; supporters said it would allow higher-value scratcher tickets and more predictable scholarship revenue, while critics warned a flat floor could limit long-term growth and harm students.
Senate Bill 309 was presented to the Senate Finance Committee by Senator Gonzales. David Barton, CEO of the New Mexico Lottery Authority, said the bill would replace the current 30% return requirement with a mandated floor transfer to the scholarship fund of $43,000,000 for fiscal years 2028–2030 and $45,000,000 thereafter. Barton said the figure is based on a…
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