HB 1585 Summary

• Authorizes the Department of Lottery to enter into management agreements with private entities to operate the state lottery for terms up to 30 years, while maintaining department oversight and control.

• Requires the manager to make an initial payment exceeding a benchmark amount and establishes a revenue-sharing mechanism where the manager pays additional fees if growth exceeds baseline growth percentage.

• Prohibits management agreements from authorizing video lottery games, pari-mutuel wagering, sports betting, or new forms of gambling not previously operated by the department.

• Mandates a competitive request for qualifications process with public hearing, Governor approval, and 15-day challenge period before a manager can be designated.

• Establishes that at minimum, either $400 million or one-third of management agreement proceeds must be allocated to the Florida Bright Futures Scholarship Program within the Educational Enhancement Trust Fund.