A bill establishing a National Lottery Commission, providing for national drawings and a sharing of proceeds with participating States.

[AI summary unavailable — showing source text] Makes it a Federal crime to engage in any number game. Provides that this Act shall not apply to any national lottery conducted by the National Lottery Commission. Establishes a National Lottery Commission to be composed of three members, appointed for a term of five years by the President, by and with the advice and consent of the Senate. Provides that the Commission shall be part of the Internal Revenue Service. Provides that the Commission shall conduct a national lottery at least once per month and the Bureau of Engraving and Printing in the Department of the Treasury shall print the numbered stamps in sheets of one hundred. Requires the Commission to distribute the stamps throughout the participating States or in Federal areas. Requires such stamps to be sold at not less than 25 cents for each stamp and such stamps may be sold for cash only to any adult, either singly or in quantity and may be resold by original and subsequent purchasers. Provides that the stamps shall be bearer stamps and shall be honored for prize money by presentation by the bearer thereof. Reimburses the Post Office Department for such administrative expenses it may incur by reason of the enactment of this…