Bill Summaries: S728 (2015-2016 Session)

  • Summary date: Apr 25 2016 - View summary

    Amends GS 18C-103, the definitions section for statutes governing the NC State Lottery, correcting a citation for video gaming machines in the definition for "game" or "lottery game." Also adds language that provides that NC State Lottery Commission is not authorized to allow video lottery terminals as an approved game or lottery game.

    Amends GS 18C-162 concerning the allocation of revenues to the NC State Lottery Fund (Fund), providing that advertising costs of the Fund cannot exceed 2% of total annual revenues as specified (previously, advertising costs could not exceed 1%).  Further amends the statute to provide that all unclaimed prize money is to be directed to the Education Lottery Fund as specified (previously, 50% of the unclaimed amounts were directed to enhance prizes).

    Amends 18C-163(b) concerning defined expenses of the lottery, adding language that provides that advertising costs will count towards the expenses of the lottery.

    Effective July 1, 2016