New Mexico Lottery to Offer Game Tied to Sports
The New Mexico Lottery Board on Tuesday voted to approve a game linked with the outcome of sporting events, the Santa Fe New Mexican reported. The game will mark the second venture for an entity in New Mexico to offer sports betting after the Supreme Court struck down the Professional and Amateur Sports Protection Act in May. Just last month, the tribal-owned Santa Ana Star Casino & Hotel, with USBookmaking as its operator, launched a sportsbook.
Though details of the new lottery game were not made public, it’s likely it will involve parlay wagering, similar to Delaware’s sports lottery. In such a game, players must select the winners of at least three sports events and select each one correctly in order to win.
The driving force behind developing a sports-related lottery game is to generate more money for education, which the lottery funds. Lottery CEO David Barden told the Santa Fe New Mexican that the new game could produce $30 million a year, with $9 million to be directed to the lottery’s college tuition assistance program.