Senate Bill No. 38 Summary

• Amends the McCauley-Traxler-Law-Bowman-McNeely lottery act to allow lottery prize winners to remain anonymous by prohibiting disclosure of names, addresses, or personal information for prizes over $10,000 without written consent.

• Requires the lottery commissioner to establish reasonable fees to cover administrative costs associated with voluntary prize assignments, including any processing fees imposed by private annuity providers.

• Allows lottery winners to voluntarily assign future prize payments through court order, provided the assignor submits a sworn affidavit confirming they are of sound mind, not under duress, and have received legal counsel regarding the assignment.

• Mandates that the attorney general be served notice at least 5 days after filing and at least 10 days before hearing on any voluntary assignment petition, with opportunity to appear and protect state interests.

• Requires the commissioner to immediately file copies of any federal Internal Revenue Service rulings or court determinations affecting the federal income tax treatment of lottery prize assignments with the secretary of state and court administrator.