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Senate committee approves higher in-store lottery payout and redirects excess fees to scholarship fund

STATE AGENCIES & GOVT'L AFFAIRS-SENATE · March 28, 2019
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate State Agencies committee unanimously approved a pair of lottery bills to raise the in-store cashing limit for large retailers to $4,999 and eliminate a $10 fidelity fee, moving net proceeds above a $500,000 minimum into the scholarship fund.

The Senate State Agencies & Governmental Affairs Committee approved two lottery-related measures that change how retailers cash winning tickets and how the lottery’s small regulatory fees are handled.

Sponsor Jimmy Keegan told the committee House Bill 18-58 would let large "super retailers" cash winning lottery tickets up to $4,999 in store, removing the current requirement that prizes above a much lower threshold be…

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