LD 1074
pg. 1
LD 1074 Title Page An Act to Change the Percent of Gross Sales of Tri-State Lotto That May Be Paid... LD 1074 Title Page
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LR 1050
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 8 MRSA §415, sub-§2, as enacted by PL 1983, c. 732, §1, is
amended to read:

 
2. Tri-state Lotto Prize Account. Within one week after a
Tri-state Lotto drawing has been held, the party state commission
shall pay to the commission, who in turn shall promptly pay to an
account known as the Tri-state Lotto Prize Account, such moneys
money as are is necessary for the payment of prizes, less actual
prizes paid by the respective party state in the preceding week,
but not to exceed 50% 60% of the total amount for which tickets
have been sold.

 
SUMMARY

 
This bill increases from 50% to 60% the percentage of Tri-
state Lotto proceeds that may be paid out as prizes.


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