Texas HB839 limits lottery prize payments to 40% of gross revenue.

HB839 amends the Texas Government Code to limit the percentage of state lottery money paid as prizes to winning ticket holders to 40% of the gross revenue from ticket sales in a fiscal biennium. The bill also limits the costs of operating and administering the lottery to 12% of the gross revenue. The remaining funds are allocated to the veterans' assistance fund and the foundation school fund. The changes will take effect starting with the state fiscal biennium beginning September 1, 2025.

Texas HB839 limits lottery prize payments to 40% of gross revenue.

HB839 amends the Texas Government Code to limit the percentage of state lottery money paid as prizes to winning ticket holders to 40% of the gross revenue from ticket sales in a fiscal biennium. The bill also limits the costs of operating and administering the lottery to 12% of the gross revenue. The remaining funds are allocated to the veterans' assistance fund and the foundation school fund. The changes will take effect starting with the state fiscal biennium beginning September 1, 2025.