Bill > SB859

This bill amends the California State Lottery's existing law regarding immediate prize payments by increasing the maximum amount that can be paid immediately from $1,000 to $100,000. Currently, the California State Lottery is authorized to draw funds from its continuous appropriation to make immediate payments to lottery winners through a revolving fund, but this was previously limited to prizes of $1,000 or less. The bill expands this limit to $100,000, allowing winners of larger prizes to receive their winnings more quickly. The California State Lottery must still adopt regulations to support this action and will be required to maintain records of all such payments. This change potentially provides more immediate financial relief to lottery winners by enabling them to access larger prize amounts without delay, while maintaining the existing reporting and compliance requirements of the lottery system.

Budget and Finance, Government Affairs

Governmental Organization (S)

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB859