Since its inception in April 1996, the Lottery has
raised more than $351.9 million for education in New
Mexico. More than 48,000
Lottery scholarship recipients have attended New
Mexico colleges and universities since the program
began, according to data from the New Mexico
Commission on Higher Education.
What
do you do with the money?
Each
month, the Lottery transfers its earnings to the New
Mexico State Treasurer. The Treasurer then turns
100% of lottery proceeds over to the Legislative Lottery
Scholarship fund.
Who
came up with this formula?
It
was a bi-partisan compromise involving the State
Legislature and the Governor.
