Don't freak. The license fee (species) is still refundable if you're not lucky. I'm just talking about the Game Hunting license ($15 res / $65 non-res). When you apply for Draw, you're forced to buy a "Game Hunting" license.
The New Mexico Fishing and Hunting Agency has changed the rules on applying for big game hunts. Starting next year, hunting licenses for both residents and non-residents will be
non-refundable regardless of whether or not you are lucky in the draw. Not a huge deal for resident hunters but...