State law requires the New Mexico Lottery to allocate 30 percent of its gross revenues for college scholarships, a program that helped defray expenses for some 26,000 students last year. So effective was this system that it funneled more than $40 million annually to the scholarship program for nine consecutive years, helping many students obtain a college degree without the crushing debt that can come with loans. But lottery revenues dipped in 2017, a fact that figures heavily in another attempt to change the law. A Republican lawmaker has revived an annual bill to eliminate the requirement of pledging 30 percent of gross lottery revenues to college scholarships. House Bill 147, sponsored by Rep. Jim Smith of Sandia Park, proposes that at least $38 million in net revenue go to the scholarship program.