Two legislators plan to propose a measure that would introduce lottery games into the technological age and provide a considerable boost to the funding for higher education.
The proposal would ask voters in Colorado to permit a video keno lottery game that is similar to keno, with the revenue that they produce being allotted to higher-education scholarship grants. The planned gaming expansion would permit a lottery game on video monitors, something the Colorado Lottery does not currently feature.
Preliminary estimates of the money that it would produce for higher education range from Tapia said that Higher education lost a lot of money from the general fund but this year was temporarily replaced by the money from the American Recovery and Reinvestment Act which would not be there next year.
Tapia added that it is very important to get another revenue source for higher education. The proposal is being showcased as a referred measure because allocating revenue for a specific purpose like higher education would need the approval of state voters under the constitution.
Casino experts said that it could greatly benefit from new jobs and training to receive them. Proceeds from the Lottery presently support open space projects and other community improvements. Tapia said that the group will also receive its share from the video keno lottery game.
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