NE LB1120

Authorizes licensed organizations and qualifying nonprofits to conduct progressive jackpot lotteries and raffles with multiple drawing dates, such as "Queen of Hearts" style games, under both the Nebraska Lottery and Raffle Act and the Nebraska Small Lottery and Raffle Act

Requires organizations conducting progressive jackpot games to register each game with the Department of Revenue and post rules in a visible location where the lottery/raffle is conducted or tickets are sold

Reduces the prize payout requirement for progressive jackpot lotteries and raffles to 50% of gross proceeds, compared to the standard 65% requirement for traditional lotteries and raffles

Permits ticket sales for progressive jackpot games through vending or dispensing devices

Grants the Department of Revenue authority to adopt and promulgate rules and regulations governing the conduct of progressive jackpot lotteries and raffles