New Mexico legislation · 2026 Regular Session
New Mexico SB309: LOTTERY DEPOSITS INTO TUITION FUND
Status: In committee, February 17, 2026
What the bill says
An act relating to the lottery; requiring monthly net receipts from the sale of lottery games to be deposited in the lottery tuition fund; providing for minimum annual deposits; providing for reversion back to thirty percent of gross revenue each month if minimum annual deposits are not realized.
From the introduced text, February 4, 2026:
AN ACT RELATING TO THE LOTTERY; REQUIRING MONTHLY NET RECEIPTS FROM THE SALE OF LOTTERY GAMES TO BE DEPOSITED IN THE LOTTERY TUITION FUND; PROVIDING FOR MINIMUM ANNUAL DEPOSITS; PROVIDING FOR REVERSION BACK TO THIRTY PERCENT OF GROSS REVENUE EACH MONTH IF MINIMUM ANNUAL DEPOSITS ARE NOT REALIZED. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 6-24-24 NMSA 1978 (being Laws 1995, Chapter 155, Section 24, as amended) is amended to read: "6-24-24. DISPOSITION OF REVENUE.-- A. As nearly as practical, an amount equal to at least fifty percent of the gross annual revenue from the sale of lottery [tickets] games shall be returned to the public in the form of lottery prizes. B. No later than the last business day of each .232974.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ month, the authority shall transmit [at least twenty-seven percent of the gross] as nearly as practicable the net revenue of the previous month [until December 31, 2008 and at least thirty percent of the gross revenue of the previous month thereafter] to the state treasurer, who shall deposit it in the lottery tuition fund. In fiscal years 2027 through 2029, if the deposit of net revenue for two consecutive fiscal years is less than forty-three million dollars ($43,000,000) annually, the authority …
Sponsors
- Roberto "Bobby" J. Gonzales (D, SD-006) · primary sponsor
Latest actions
- : SFC: Reported by committee with Do Pass recommendation
- : SHPAC: Reported by committee with Do Pass recommendation
- : SCC: Reported by committee to fall within the purview of a 30 day session
- : Sent to SCC - Referrals: SCC/SHPAC/SFC
- : Action Postponed Indefinitely
Subjects: GAMING, EDUCATION, POST SECONDARY, FINANCE, PUBLIC
Common questions
- What is SB309?
- SB309 is a bill in the New Mexico Legislature (2026 Regular Session): LOTTERY DEPOSITS INTO TUITION FUND.
- What does SB309 do?
- In its own words: An act relating to the lottery; requiring monthly net receipts from the sale of lottery games to be deposited in the lottery tuition fund; providing for minimum annual deposits; providing for reversion back to thirty percent of gross revenue each month if minimum annual deposits are not realized.
- What is the status of SB309?
- In committee as of February 17, 2026. Latest action: SFC: Reported by committee with Do Pass recommendation (February 17, 2026).
- Who sponsored SB309?
- Roberto "Bobby" J. Gonzales (D, SD-006).
- Where is the official record for SB309?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=309&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.