summary
Introduced
01/19/2021
01/19/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO THE LOTTERY; ENACTING THE NEW MEXICO LOTTERY EDUCATIONAL ASSISTANCE ACT; PROVIDING FOR SPORTS WAGERING AND TABLE GAMING THROUGH THE LOTTERY; CREATING THE EDUCATIONAL ASSISTANCE FUND; PROVIDING PENALTIES; AMENDING A DEFINITION IN THE CRIMINAL CODE; MAKING AN APPROPRIATION.
AI Summary
This bill enacts the New Mexico Lottery Educational Assistance Act, which allows the New Mexico Lottery Authority to regulate and operate sports wagering and table games in the state. The bill establishes licensing requirements for operators, suppliers, and employees, and imposes taxes on the adjusted gross receipts from sports wagering (10%) and table games (15%). Revenue from these taxes will be deposited into an educational assistance fund to provide tuition assistance for resident undergraduates at New Mexico post-secondary educational institutions. The bill also amends the definition of "lottery" in the Criminal Code to exclude the New Mexico Lottery Educational Assistance Act and gaming licensed under the Gaming Control Act.
Committee Categories
Education
Sponsors (4)
Last Action
House Consumer and Public Affairs Committee (08:00 2/8/2021 Room Zoom) (on 02/08/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=101&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/house/HB0101.pdf |
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