Section 8880.63 - Revenues apportioned for payment of prizes(a) As nearly as practical, 50 percent of the total projected revenue, computed on a fiscal-year basis, accruing from the sales of all lottery tickets or shares shall be apportioned for payment of prizes.(b) This section shall become operative on April 1 of the year following notification from the Controller to the Legislature and the Governor that the events described in paragraphs (1) and (2) of subdivision (c) of Section 8880.4.5 have occurred.Amended by Stats 2011 ch 56 (AB 363),s 5, eff. 1/1/2012.Added by Stats 2010 ch 13 (AB 142),s 5, eff. 4/8/2010.Note: Section 8880.63 originally was added on Nov. 6, 1984, by initiative Prop. 37.