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  89R3236 PRL-F     By: Vasut H.B. No. 839       A BILL TO BE ENTITLED   AN ACT   relating to a limitation on the percentage of state lottery money   paid as prizes to winning ticket holders.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 466.355(b), Government Code, is amended   to read as follows:          (b)  Money in the state lottery account may be used only for   the following purposes and shall be distributed as follows:                (1)  the payment of prizes to the holders of winning   tickets , provided the payment of prizes in a fiscal biennium may not   exceed an amount equal to 40 percent of the gross revenue accruing   from the sale of tickets in that biennium ;                (2)  the payment of costs incurred in the operation and   administration of the lottery, including any fees received by a   lottery operator, provided that the costs incurred in a fiscal   biennium may not exceed an amount equal to 12 percent of the gross   revenue accruing from the sale of tickets in that biennium;                (3)  the establishment of a pooled bond fund, lottery   prize reserve fund, unclaimed prize fund, and prize payment   account; and                (4)  the balance, after creation of a reserve   sufficient to pay the amounts needed or estimated to be needed under   Subdivisions (1) through (3), to be transferred on or before the   15th day of each month as follows:                      (A)  the portion of the balance attributable to   the lottery game operated under Section 466.027 to the fund for   veterans' assistance established by Section 434.017; and                      (B)  the remainder to the foundation school fund.          SECTION 2.  Section 466.355, Government Code, as amended by   this Act, applies beginning with the state fiscal biennium   beginning September 1, 2025.          SECTION 3.  This Act takes effect September 1, 2025.