SB2147 amends the Illinois Lottery Law to revise management agreements with private managers, including selection processes, financial procedures.
SB2147 amends the Illinois Lottery Law to revise the management agreements with private managers for the state lottery. Key changes include a competitive selection process for private managers, financial procedures for handling lottery proceeds and prize payments, and operational oversight by the Illinois Lottery Department. The bill also establishes a Deferred Lottery Prize Winners Trust Fund to manage unclaimed prizes. It outlines criteria for private manager selection, including marketing capabilities and social responsibility.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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