FL S1428

Allows the Department of the Lottery to enter into a management agreement with a private manager to operate the Florida Lottery for a term not exceeding 30 years, with the department retaining oversight authority.

Prohibits the manager from operating video lottery games, pari-mutuel wagering, games based on race or sporting event results, or any gambling forms not previously operated by the department.

Requires the manager to make an initial payment exceeding a benchmark amount and subsequent royalty payments, with excess revenue collections returning to the state if lottery growth exceeds a baseline growth percentage.

Mandates all lottery proceeds be directly deposited with the state, with the state retaining an annual amount equal to the previous fiscal year's lottery proceeds before compensating the manager.

Establishes a minimum allocation requiring at least $400 million or one-third of management agreement proceeds to be deposited into the Florida Bright Futures Scholarship Program.