House
File
155
-
Introduced
HOUSE
FILE
155
BY
HELLAND
A
BILL
FOR
An
Act
requiring
the
Iowa
lottery
authority
to
have
certain
1
lottery
payout
percentage
information
printed
on
all
lottery
2
tickets.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
1997YH
(2)
84
aw/nh
H.F.
155
Section
1.
Section
99G.31,
Code
2011,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
3.
The
authority
shall
ensure
that
the
3
actual
aggregate
payout
percentage
for
all
lottery
games
be
4
clearly
printed
on
each
lottery
ticket.
For
the
purpose
of
5
this
calculation,
the
actual
aggregate
payout
percentage
6
shall
be
the
revenue
reported
from
all
lottery
games
during
7
the
three
calendar
months
preceding
printing
of
the
lottery
8
ticket
divided
by
net
sales
reported
during
the
preceding
three
9
calendar
months
subtracted
from
one
hundred
percent.
10
EXPLANATION
11
This
bill
requires
the
Iowa
lottery
authority
to
ensure
that
12
the
payout
percentage
for
the
past
three
months
of
its
lottery
13
games
be
printed
on
each
lottery
ticket.
14
This
rate
shall
be
calculated
by
dividing
lottery
game
15
revenue
for
the
past
three
months
by
net
sales
for
the
past
16
three
months,
and
then
subtracting
that
number
from
100
17
percent.
18
-1-
LSB
1997YH
(2)
84
aw/nh
1/
1