Lottery expects greater ticket sales this year


ALBUQUERQUE, N.M. (AP) – New Mexico lottery officials are forecasting stronger than expected ticket sales this year, which will help a college scholarship program.

The lottery said Tuesday ticket sales in the current budget year are expected to reach about $135 million.

That would mean the lottery should provide $40.6 million for the scholarship program rather than $39.4 million as originally anticipated.

The scholarship program faces financial problems because lottery revenue isn’t keeping pace with rising tuition.

The Legislature approved a measure to earmark liquor tax money for scholarships in the 2016 and 2017 fiscal years.

A spokesman for Gov. Susana Martinez said the governor plans to use her line-item veto powers to fix a wording error in the legislation that could have forced students to wait an extra semester to get a scholarship.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus