SB 955 Summary

• Modifies Oklahoma Education Lottery procedures by requiring monthly transfers of net proceeds to the Oklahoma Education Lottery Trust Fund instead of quarterly transfers.

• Creates the Oklahoma Education Lottery Reserve Revolving Fund with phased transfers from gross proceeds (20% in FY 2013, increasing to 100% by FY 2017), with prior-year balances transferred to the Education Lottery Trust Fund annually.

• Increases unclaimed prize money transferred to the Department of Mental Health and Substance Abuse Services for gambling disorder treatment from $500,000 to $750,000 annually.

• Requires lottery advertisements to include toll-free numbers for compulsive gambling disorder treatment services and prohibits video lottery machines and internet-based lottery games without physical paper ticket purchases from retailers.

• Directs the Governor to negotiate new terms with tribal gaming compacts to increase monthly state payments for mental health and substance abuse services.