The board of the New Mexico Lottery Authority (NMLA) has approved the offering of a game connected to outcomes of sporting events.
While not all details of the game’s rules are sorted out, it involves the selecting of at least three sporting events and choosing their outcomes correctly to win, the Santa Fe New Mexican reported. A maximum of 25 outcomes could be selected, and payments to winners will amount to at most 58% of total money wagered.
NMLA CEO David Barden described the game by saying, “It’s not your grandmother’s lottery game,” adding that it was intended to appeal to younger generations. He estimated the sports game to bring in $30 million annually, wherein $9 million of this will go to a tuition-assistance program for college students.
The Santa Fe New Mexican article cited a study that saw sports betting in the state becoming a $1.2 billion-$1.45 billion business annually.