Illinois Compiled Statutes - Full Text
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(20 ILCS 1605/9.3) Sec. 9.3. Expenditure and distribution of lottery proceeds. (a) Beginning July 1, 2022, except as provided in Sections 21.4, 21.5, 21.6, 21.7, 21.8, 21.9, 21.10, 21.11, 21.13, 21.15, and 21.16 of this Law and Section 25-70 of the Sports Wagering Act, the Department shall distribute all proceeds of lottery tickets and shares sold in the following priority and manner: (1) The payment of prizes and retailer bonuses. (2) The payment of costs incurred in the operation | ||
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(3) On the last day of each month or as soon | ||
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(4) If an amount in excess of the annual net | ||
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(b) The net lottery proceeds shall be determined by deducting from total annual lottery proceeds the expenditures required by paragraphs (1) and (2) of subsection (a). The total annual lottery proceeds and annual net lottery proceeds shall be determined according to generally accepted accounting principles for governmental entities and verified by an annual fiscal year audit.
(Source: P.A. 102-699, eff. 4-19-22; 103-381, eff. 7-28-23.) |
