The director is authorized to make the following disbursements from the state lottery account:
(1) Payment of prizes directly to the holder of valid winning tickets or shares;
(2) Purchase of annuities or investments to be utilized to pay future installments of winning tickets or shares;
(3) Refunds, if any, due to lottery retailers or players;
(4) Expenses of the lottery;
(5) Payments to an Indian tribe pursuant to a state-tribal gaming compact negotiated pursuant to section 67-429A, Idaho Code;
(6) The payment of the lottery’s obligations, including the purchase of property, buildings and equipment; and
(7) The payment of dividends, as provided for under section 67-7434, Idaho Code.