(a)As nearly as practical, at least forty-five percent
(45%) of the total revenue from the sale of lottery tickets or
shares shall be made available as prize money, provided,
however, that this subsection shall be deemed not to create any
lien, entitlement, cause of action or other private right and
any rights of holders of tickets or shares shall be determined
by the corporation in setting the terms of its lottery or
lotteries.
(b)On or before the fifteenth day of each quarter, the
corporation shall transfer to the treasurer's office, for credit
to the lottery account which is hereby created, at least
seventy-five percent (75%) of the net proceeds from the
preceding quarter. Final reconciliation of the transfer to the
state under this subsection shall be determined at the end of
each fi
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(a) As nearly as practical, at least forty-five percent
(45%) of the total revenue from the sale of lottery tickets or
shares shall be made available as prize money, provided,
however, that this subsection shall be deemed not to create any
lien, entitlement, cause of action or other private right and
any rights of holders of tickets or shares shall be determined
by the corporation in setting the terms of its lottery or
lotteries.
(b) On or before the fifteenth day of each quarter, the
corporation shall transfer to the treasurer's office, for credit
to the lottery account which is hereby created, at least
seventy-five percent (75%) of the net proceeds from the
preceding quarter. Final reconciliation of the transfer to the
state under this subsection shall be determined at the end of
each fiscal year based on the audited annual financial
statements. Upon their deposit into the account, any monies
representing a deposit of net proceeds shall then become the
unencumbered property of the state of Wyoming and the
corporation shall have no power to agree or undertake otherwise.
At least once per fiscal year, these monies shall be paid by the
treasurer to the treasurers of the counties, cities and towns
for payment into their respective general funds. The percentage
of the balance that will be distributed to each county and its
cities and towns will be determined by computing the percentage
that sales of lottery tickets collected by retailers in each
county including its cities and towns bear to total sales of
lottery tickets collected by retailers in all counties including
their cities and towns. This percentage of the monies shall be
distributed within each county as follows:
(i) To each county in the proportion that the
population of the county situated outside the corporate limits
of its cities and towns bears to the total population of the
county including cities and towns;
(ii) To each city and town within the county in the
proportion the population of the city or town bears to the
population of the county.
(c) Repealed by Laws 2017, ch. 158, § 2.
(d) No general fund monies or any other state funds or
monies in any form shall be used to fund any liability or
deficiency in the lottery account under this section. No general
fund monies or any other state funds or monies in any form shall
be used for any program or project started specifically from
lottery proceeds unless specifically appropriated by the
legislature.