California State Lottery: prize money: immediate payment.

The California Senate Committee on Governmental Organization proposes raising the California State Lottery's immediate payment threshold for prize winners from $1,000 to $100,000, allowing more winners to receive their prizes without delay through the lottery's revolving fund.

Under current law, the California State Lottery can only make immediate payments to winners claiming prizes of $1,000 or less, with larger amounts requiring additional processing time. The proposed change would authorize instant disbursement for prizes up to $100,000, provided the California State Lottery Commission adopts supporting regulations. The bill maintains existing requirements for payment documentation and compliance reporting.

The measure preserves the lottery's continuous appropriation funding mechanism for prize payments while expanding its authority to process larger immediate disbursements. The California State Lottery Commission would need to establish new regulations and procedures to implement the increased payment threshold, though the bill does not specify implementation timing or additional operational requirements beyond current recordkeeping standards.