That's pretty much it Jack but there's a bit more to it.
First off, we shouldn't be paying for a chance at a permit, nor should we be paying for the permit once selected - only out of state hunters. The only reason we have a moose hunt to begin with, at least from the perspective of MDIFW, is it's a fundraiser.
The reason we have to have a fundraiser is because the money you and I pay every year for everything we use for the outdoors, hunting/fishing/trapping licenses, boat/atv/snowmobile registrations, etc., doesnt get used for "managing game". It pays to rescue idiots lost in the woods, it pays for law enforcement, it pays to provide wildlife viewing opportunities, it pays to administer the dang moose lottery, blah, blah, blah.
If the MDIFW would return to what it was originally founded for and focus only on that, we have some pretty sweet hunting and fishing.
Back to the question.
The moose hunt would be free for every license holder who wished an opportunity. As Jack said, once you are selected, your name gets taken out of the pool until all others have had a chance.
The names will be set up on a recycling basis. In other words, in theory, if you were the first to be drawn, you would be the first to have your name taken off the list. You would also be the first to have your name added back to the eligible list once all license holders had a chance.
I can tell you right now it wouldn't work because of greed and money. Money because of two reasons. One, the state isn't making any off you and me and two, greedy SOBs will want to figure out a way to "buy" another chance, just like they are doing now.
Greed would prevent it not only how I just mentioned but in other ways. Like, "it's not fair" I got drawn but the weather sucked", "it's not fair, the year I got drawn there weren't any moose", "it's not fair, I got chosen for a bad WMD", "it's not fair, it's not fair, it's not fair". And then you'll have those who if chosen and they don't bag a moose then they'll expect special treatment, yada, yada, yada.
But we all get sold the song and dance about how the moose lottery is needed because it's the only way that the state can "control" the population in each of the WMDs and how issuing permits for the number of cows vs. bulls is scientific and without it blah, blah, blah.
Maine is going the way every other state in the Union has gone before them. It's all about providing "hunting opportunities". We all get suckered in because it really sounds good. You want more "hunting opportunities"? Open up your wallet and give them everything they want - which is all your money. When it's gone, then sit down and do some serious pondering for a minute and ask yourself this one important question.
Have I bagged more moose, deer, bear, fish, mink, muskrat, woodcock, patridge, etc. since I've been paying more for "hunting opportunities"?
Then take a look at what the MDIFW is doing now compared to what they used to do to "manage wildlife". You will see, as is the case across the country, that less and less effort is going into wildlife management which is supposed to be done for hunters, fishers and trappers, and more is going into non-game programs including fighting senseless lawsuits like the one going on now to stop trapping because some dumb scavenger bird that happens to have a white head, MIGHT get caught in someone's trap.
Okay, I'm going to get down off my soapbox now and go back to work.