New Mexico Lottery looks to cut costs

Friday, September 29, 2006 posted 12:11 PM EDT

ALBUQUERQUE - The state lottery is trying to cut costs and lottery chief Tom Romero says the lottery will rebid its contract for online services by the end of the year.

A Rhode Island gaming services company, G TECH, has held the lottery’s online vendor contract since the lottery began a decade ago.

The company receives 8.5 percent of ticket sales from online games.

But a report from a Santa Fe think tank, Think New Mexico, says the state pays G TECH a higher percentage of online ticket sales than similar size lotteries in other states pay.

Think New Mexico suggested rebidding the contract among a list of recommendations to cut operating and administrative costs and increase the percentage of revenue to college scholarships.

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