MO SB850

Establishes the "Missouri Video Lottery Control Act" creating a regulated system for video lottery game terminals at veterans' organizations and establishments licensed to sell liquor by the drink that only admit patrons 21 and older

Requires video lottery game operators to pay 36% of adjusted gross receipts to the state lottery commission, with 4% going to local municipalities/counties for administrative expenses and net proceeds funding public education with emphasis on STEM and workforce development programs

Limits terminals to 5 per retail establishment (10 for veterans' organizations), caps maximum wager at $5 per game, maximum cash award at $1,000 per game, and prohibits any single operator/manufacturer from controlling more than 25% of terminals statewide

Sets license application fees up to $50,000 for manufacturers/distributors/operators, $500 for retailers, and $100 for handlers, plus $200 annual fee per terminal, with initial and first renewal licenses valid for one year and subsequent renewals for four years

Imposes escalating fines from $250,000 to $1 million for unauthorized terminals not brought into compliance within 120-480 days of August 28, 2026, with criminal prosecution possible after 480 days, and allows municipalities/counties to opt out within 120 days of the act's effective date