Today's Law As Amended


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SB-818 California State Lottery(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 8880.43.1 is added to the Government Code, to read:

8880.43.1.
 (a) On or before August 1, 2022, the director shall conduct a study to determine the optimal prize payout rate to maximize the amount of funding allocated to public education each year by the lottery. The director shall recalculate the optimal prize payout rate at least once every five years.
(b) Commencing with the 2023–24 fiscal year, consistent with subdivision (a) of Section 8880.4, the commission shall use the optimal prize payout rate to set the lottery’s budget each fiscal year.