SB320 Summary: Alabama Lottery Act

• Implements the Alabama Lottery constitutional amendment (SB319) upon voter ratification, creating the Alabama Lottery Corporation managed by a five-member commission appointed by state leadership without Senate confirmation for initial appointments.

• Lottery proceeds deposited monthly to the Education Trust Fund with 5% directed to Education Retirees' Trust Fund until reaching $100,000,000, used for postsecondary education scholarships with loan forgiveness for teachers in in-demand fields.

• Reduces state grocery tax on food to 2% starting September 1, 2023, decreasing to 1% if prior-year lottery proceeds exceed $297 million but fall below $396 million, and eliminating the tax entirely if lottery proceeds reach $396 million or more.

• Establishes retailer licensing requirements prohibiting exclusive lottery ticket sales, requiring retailers to deposit proceeds within one business day, and granting the corporation liens on retailer property to secure lottery revenue collection.

• Restricts ticket sales to persons age 21 and older, prohibits corporation officers and employees from participating in the lottery, and specifies that winners of prizes $250,000 or higher may remain anonymous.