Lottery officials want to drop scholarship payouts

Lottery officials want to drop scholarship payouts

ALBUQUERQUE (KRQE) – New Mexico Lottery officials want lawmakers to drop the payout required for the college scholarship program.

Right now, they’re required to provide the scholarship with 30 percent revenues.

The lottery’s CEO says dropping the percentage would help increase lottery sales by offering bigger payouts, and ultimately they’d be able to give more to the scholarship.

According to the Albuquerque Journal, research organization Think New Mexico disagrees.

Think New Mexico says other states that made changes saw most of their profits go to overhead rather than to scholarship programs.

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