TX SB1988

Abolishes the Texas state lottery effective January 1, 2026, by repealing Chapter 466 of the Government Code (State Lottery Act) and prohibiting lottery ticket sales after the effective date

Transfers the lottery division's powers, duties, obligations, contracts, records, and property to the Texas Lottery Commission for purposes of continued prize payments and penalty enforcement

Requires any lottery division funds allocated to specific operations as of January 1, 2026, to be deposited in the state treasury and used only for Foundation School Program purposes

Mandates the Texas Lottery Commission adopt a comprehensive transition plan by October 1, 2025, identifying essential personnel needed for continued prize payments and penalty enforcement

Restructures the Texas Lottery Commission to oversee only bingo operations, eliminating lottery-related eligibility requirements, conflict of interest provisions, and references throughout state law