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Where $148.8 Million in
FY '07 Gross Revenues Goes
(rounded)
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The Lottery returns a minimum of 50% of proceeds to players in the
form of prizes. Funds are also allocated to cover the cost of product, as
well as retailer commissions and administrative costs. Once these expenses
have been covered, the Lottery turns over all net proceeds to the State
Treasurer for use in funding education in New Mexico.
*Includes jackpot prize payments to the Multi-State Lottery Association
for Powerball and Hot Lotto
**Includes $723,000 for FY 2007 which in the audited financial statements
is charged to Reserve Fund expense |
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