Legislative Lottery Scholarships Receive Big Boost
August 2, 2013 – The New Mexico Lottery announced Thursday that it was able to contribute a record $43.7 million to Legislative Lottery Scholarships, bringing its total contributions since 1996 to $572.5 million.
“This is a very big win for the students and families of New Mexico,” said Dan Salzwedel, chair of the lottery’s board of directors.
Total sales in fiscal year 2013 topped $141 million, gaining about 6 percent over last year’s figures.
The Lottery’s financial report cited Powerball sales as the main factor for the growth – players bought almost $13 million more in Powerball tickets than they did last year.
The Lottery said their efforts to pay out more small prizes on their $1 and $2 scratch-offs had helped increase sales for the instant games, which brought in $69.8 million in 2013.
Winners in New Mexico managed to collect $77.1 million in prizes, and retailers earned $9.1 million in commision.
“As the…demand for college scholarships accelerates, we will continue to take every responsible measure to promote a fun and exciting experience for our players and raise as much money as possible for Legislative Lottery Scholarships,” said Tom Romero, the Lottery’s CEO.