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TX HB839
Bill
Status
11/12/2024
Primary Sponsor
Cody Vasut
Click for details
AI Summary
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Caps lottery prize payouts at 40% of gross revenue from ticket sales per fiscal biennium, down from the current uncapped system
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Maintains the existing 12% cap on lottery operation and administration costs per fiscal biennium
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Remaining lottery revenue after prizes, operating costs, and reserve funds continues to be distributed to the fund for veterans' assistance and the foundation school fund
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Changes apply beginning with the state fiscal biennium starting September 1, 2025
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Amends Section 466.355(b) of the Government Code governing state lottery account distributions
Legislative Description
Relating to a limitation on the percentage of state lottery money paid as prizes to winning ticket holders.
State Finances
Last Action
Referred to Licensing & Administrative Procedures
3/5/2025