NM SB309

Monthly net revenue from lottery game sales must be deposited in the Lottery Tuition Fund by the last business day of each month, replacing the previous requirement of a fixed percentage of gross revenue

At least 50% of gross annual lottery revenue must be returned to the public as prizes

For fiscal years 2027-2029, if net revenue deposits fall below $43 million annually for two consecutive fiscal years, the lottery authority must revert to depositing 30% of gross revenue monthly

For fiscal year 2030 and beyond, the minimum threshold increases to $45 million annually for two consecutive years before triggering the 30% gross revenue requirement

Effective date is July 1, 2026