This bill amends Section 7 of P.L.1970, c.13 (C.5:9-7) to revise the apportionment of proceeds from the State lottery. It introduces a new requirement that the dedication to the investment account under subsection (c) shall be decreased to not less than 27 percent of the proceeds from lottery ticket sales, starting with State Fiscal Year 2026. Additionally, it establishes conditions under which this percentage may be permanently adjusted based on the average annual total sales and revenues from the three consecutive fiscal years following the base fiscal year. If sales are lower than the base year, the dedication will revert to a minimum of 30 percent.

The bill also allows for the possibility of licensed sales agents to remain anonymous and includes provisions for the commission to adopt regulations immediately to implement the "Lottery Enterprise Contribution Act." Furthermore, it mandates regular reporting to the Governor and Legislature regarding lottery proceeds and expenses, and it emphasizes the need for ongoing studies to ensure the integrity and efficiency of the lottery system. The act is set to take effect immediately upon enactment.

Statutes affected:
Introduced: 5:9-7
Advance Law: 5:9-7