Amount from sale of tickets allocated for payment of prizes--Means of payment for prizes.

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42-7A-23. Amount from sale of tickets allocated for payment of prizes--Means of payment for prizes.

As nearly as practical, a minimum of fifty percent of the projected revenue from the sale of lottery tickets, computed on a year-round basis from the combined sale of instant and on-line lottery games, shall be allocated for payment of prizes. The executive director shall award the designated prize to the holder of the ticket upon validation of a winning claim ticket. The executive director may make payment for prizes by any means he deems appropriate upon the validation of winning tickets.

Source: SL 1987, ch 313, §23; SL 1989, ch 372, §2; SL 1990, ch 341, §5.


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