Stop selling new points! Make the rest random or convert current points that have some preference component into pure bonus points.
States make a lot more money on license sales than application fees, which for most states results in a point. The total license sales would not likely dip significantly. I might draw elk in AZ and stop applying in other states, but I’d still apply for deer, pronghorn, moose and sheep. Raise license fee $10 and the app fee $2-$5 and suddenly your financial problem is solved.
Tough to start carving out Utah elk tags to random when they have so many 10+ pointholders today that if 100% of tags issued for the next 6 years only went to them, there would be no others left in limited entry draws. Tough to sell licenses to people with no point sales and no tags for the next 6+ years.
Utah numbers for 2021: (UT is the only one I calculated at length because it was one of the more "broken" point systems)
15,174 nonresident points sold @ $10 plus the $72 license required to buy the point.
Total point revenue is $1.244 million
1,750 non-resident elk tags sold @ $1,000 plus the $72 license required.
Total tag revenue is $1.876 million.
Bonus point revenue for UT looks like about 40% of total revenue for elk.
Random would be great but a commitment's been made to the past point buyers and the state's not going to forgo the revenue for six or seven years to get there.
Granted Utah is more challenging than some other states with issues. However, states will struggle with forging that revenue for even a couple years even if they decided it were the right thing to do.
The 10-point cap was an arbitrary number intended to preserve the preference for the higher pointholders they've purchased while metering the lower pointholders into the jump ball.