OKLAHOMA CITY — An Oklahoma House subcommittee has narrowly approved legislation supporters say would increase sales and profits for the Oklahoma Lottery.
Members of the House Appropriations Subcommittee on Education voted 5-4 for the bill Tuesday and sent it to the full Appropriations and Budget Committee for action. Similar bills have been defeated in the past.
The bill would eliminate the lottery's 35 percent minimum mandated profit requirement. Executive Director Rollo Redburn says that would allow it to increase prizes and eventually increase sales and profits.
Lottery proceeds are dedicated to public education and it has raised more than $600 million over the past decade. Lottery officials say the change would increase profits by $5 million next year and as much as $20 million within three years.
House Bill 1786: http://bit.ly/1FY4xXl
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