“I truly believe this is a win-win for the state as a whole,” bill sponsor Rep. Ray Lara, D-Chamberino told the Las Cruces Sun News. “This is going to benefit our young people. This is going to bring jobs. This is going to bring additional revenue to our communities and to our state.”

New Mexico Governor Michelle Lujan Grisham offered up a bill last year which intended to make up for shortages in the Lottery College Fund from the General Fund, but the bill fell short and is being reworked for the 2021 session. Lara said his bill is not in competition with the Governor's, but instead is intended to strengthen it.

State lottery CEO David Barden told the Santa Fe New Mexican that the lottery was not consulted on the bill prior to its announcement.

New Mexico Senator Steve Neville, R-Farmington, one of the bill's five co-sponsors, said he was asked to support the bill by SunRay Park, his hometown racetrack. Neville explained that tying the gaming expansion to the state lottery, and thus the college fund, is a political move to make the bill more palatable to both the public and other lawmakers.

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Based on the patented game platform developed by EquiLottery Games, Slam Dunk Dollar$ will be created in the same format as the company's other team sports games. Players purchase a quick-pick ticket that features 10 pre-selected NBA games. Winning tickets match anywhere from 7 out of 10 winning teams to 10 out of 10 winners, with four prize tiers and overall odds of just 6 to 1. Earlier this year, EquiLottery Games announced that the system powering these games has been completed; lotteries will now be able to implement the NBA-themed game.

“We are proud to welcome the NBA into the EquiLottery Games family of live lottery sports games,” said Brad Cummings, Founder and CEO. “Combined with our other league partners, the NBA relationship allows us to offer year-round games to U.S. lotteries based on popular team sports under the same game format.”

“The EquiLottery Games product is an innovative new offering in the lottery space and offers our fans yet another way to engage with NBA games,” said the NBA's Senior Vice President of Fantasy & Gaming, Scott Kaufman-Ross. “We are excited to bring this new product to market as this new gaming category emerges.”

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Despite the low odds of stepping out as winners in most popular forms of gambling is a well known fact, even though gambling suffers from a bad reputation and even when it is illegal, gambling is still one of the most popular pastimes in the world. So, why do people gamble? The most obvious answer would be money, but it will not be a full answer. There are many other reasons that drive people to the nearest gambling facility. Here we will try to offer an answer to this disturbing question.

Luck: the irrational believe in luck is engraved in most of us. These unexplained gut feelings that a special day or a certain number is luckier than the others are sends a lot of people to gamble or even gamble on the same numbers over and over again.

Social Purposes: have you ever wonder how can a group of people beat the pants off someone in a poker game and remain best buddies? You can see it in bingo halls, casino bars and friendly poker games: many people see gambling as an opportunity to make new friends or spend time with old friends in addition to the chance of earning additional money.

Entertainment: many people visit casinos and play their favorite casino games simply because they love it and they are having a great time. In Las Vegas casinos for example, you will meet more recreational gamblers who see gambling as part of their vacation activities than professional gamblers who take gambling as a serious source of income.

Excitement: the act of gambling apparently can give you quite an adrenaline rush. Regardless of the money aspect, the anticipation of the outcome of the game while still not knowing whether it would match your bet is what makes all forms of gambling so thrilling and exciting.

Relaxation: as opposed to the accelerated adrenaline rush described by many gamblers, many gamblers find the gambling experience relaxing. When you think about it, what can be more relaxing than ending a busy work week in the comfortable casino atmosphere, playing your favorite game and served free drinks?

Boredom: whether exciting or relaxing, when the daily lives become an unbearable routine, gambling can serve as a way to escape reality.

Money: in addition to all the reasons mentioned above, gambling allegedly provides an opportunity to can earn unbelievable amounts of money within short time and minimum investment. Even if you are aware to the exact mathematical odds of beating each and every gambling game, if you are an optimist by nature, this slightest chance would nevertheless drive you to a casino, a bookie, a lottery terminal or a bingo hall.

When are structured settlements used? Structured Settlements are often, but not limited to, these common situations:

1.Lottery Winnings Often times, in the Lottery, you can opt to receive numerous smaller payments in exchange for a single larger payment.

2.Malpractice Cases In situations where a family member is lost or left crippled due to medical malpractice, the party may be entitled to a structured settlement over the span of the victim’s life or as a grievance payment. These payments don’t fix things, however, they are meant to make living a little bit easier for the victims and families.

3.Insurance Cases In many insurance cases, this form of settlement is used. This is because it is easier to make smaller payments over a longer period of time as well as the damage left behind may be better dealt with over time.

Understanding these concepts are important in the process of properly handling your income. It is important also to understand how money works over periods of time. Over long periods of time the value of the dollar is likely to decrease. This means if one was to receive, for example, $1000 a month for 20 years, that $1000 dollars could only be worth $500 at the end of the term. This is one reason some people decide to sell their structured settlement for a large lump sum.

One people decide to sell their structured settlement there are numerous reasons behind it. The first reason may be that, due to their immediate needs, they need a larger amount of money right away. A good example of this would be when buying a new car or home. Another reason people decide to sell is because they would like to invest it into something that gains equity over time and actually grows in value rather than decreases. Some people want to fight the cost of inflation and take the monthly payments and re-invest. This is the wiser choice of the two most of the time.

When selling your structured settlement or selling Annuity, it is almost always advised that you do your homework first. Don’t sell to the highest bidder right off the bat. Before hand you should read up on what your options are. Seek the help of a broker, a financial advisor and a legal professional first. By doing this, you can protect yourself from scam artist to defend yourself from transactions lacking in integrity. It is always smarter to take the safest route possible. Selling Annuity can be dangerous so it is always wise to make slow and steady steps.

Some “miracle” roads to riches:

The Lottery

What better way to get rich, but to play the lottery. Even though the odds are 200 million to one, somebody’s got to win right? Why not you?

The ancillary to this is gambling. Go to Vegas or Atlantic City and blow the paycheck at the blackjack table or, even better, the roulette wheel.

Or go to the track and try to hit the trifecta.

Most gamblers will blow their winnings away sooner or later. They really aren’t in it for the money.

But lottery winners, those who get checks for millions of dollars, apparently have the same problem. I have read that the majority of lottery winners blow all that money away with five years or so.

Get Rich Quick Schemes

You get a letter in the mail or you see an ad on the internet. Just send in a few bucks or a few hundred bucks or a few thousand bucks and you too will be raking in $35,000 a week while you lounge on the beach.

Other variations are: $100 an hour stuffing envelopes; $500 an hour for filing out forms on your computer; or buying a pre-made website and sitting back while watching your bank account fill up.

Don’t forget to check out those government grants for paying off your debts.

In this case, the ones making the money are truly lucky for finding another sucker to fall for their schemes.

Why not go down to Mexico and pick up a kilo of cocaine to sell on the streets. The markup – and your legal fees will be tremendous.

Or give all your savings to the guy you met in the bar whose paying out a “guaranteed” 50% a month interest. You brother-in-law is in on this deal, so you know it really works.

Anybody ever heard of a guy named Ponzi?

The Government Will Take Care of Everything

There’s no such thing as a free lunch and, even though the government hands them out to anyone who asks, someone has to pay, in this case the taxpayers.

Did you know that the percentage of people not paying income taxes in the US is approaching 50%? If nobody’s paying, where does the free lunch come from? There are only so many “wealthy” taxpayers left to soak.

In New York City, the low income clients of the Housing Authority are being asked for “givebacks” in the form of higher fees. Social Security is on the ropes. The golden goose is beginning to run dry.

All government handouts come with strings attached. If the government gives you something, it will then want to tell you how to live. Are you ready for the trade-off?

Great Expectations

The long term average return of the stock market is 10% a year. However, if you do a little calculating, you see that you will never reach your goals at that rate. So you figure a 15% return.

There are many people who successfully beat that the stock market year after year. It takes a lot of work to do so. Even the pros have a hard time.

If you have acquired the learning and are willing to put in the effort, you may be able to safely make that assumption.

But don’t base your financial affairs on a simple assumption, hoping your dreams will come true through, just because you’ve been lucky all your life.

You can steal money or inherit it. Most people have to work for it and they have to work even harder to make it grow.