2019 -- H 6021

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LC002331

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - VIDEO-LOTTERY GAMES,

TABLE GAMES AND SPORTS WAGERING

     

     Introduced By: Representatives Costantino, Ackerman, Edwards, Lyle, and Canario

     Date Introduced: April 24, 2019

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 42-61.2-5 of the General Laws in Chapter 42-61.2 entitled "Video-

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Lottery Games, Table Games and Sports Wagering" is hereby amended to read as follows:

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     42-61.2-5. Allocation of sports-wagering revenue.

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     (a) Notwithstanding the provisions of ยง 42-61-15, the division of lottery is authorized to

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enter into an agreement, limited to in-person on-site sports wagering, to allocate sports-wagering

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revenue derived from sports wagering at the Twin River and Tiverton gaming facilities (the

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hosting facilities) between the state, the state's authorized sports-wagering vendor, and the host

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facilities. The allocation of sports-wagering revenue shall be:

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     (1) To the state, fifty-one percent (51%) of sports-wagering revenue;

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     (2) To the state's authorized sports-wagering vendor, thirty-two percent (32%) of sports-

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wagering revenue; and

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     (3) To the host facilities, seventeen percent (17%) of sports-wagering revenue.

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     (b) Sports-wagering revenue allocated to the state shall be deposited into the state lottery

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fund for administrative purposes and then the balance remaining into the general fund.

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     (c) The town of Lincoln shall be paid an annual flat fee of one hundred thousand dollars

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($100,000) two hundred thousand dollars ($200,000) and the town of Tiverton shall be paid an

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annual flat fee of one hundred thousand dollars ($100,000) two hundred thousand dollars

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($200,000) in compensation for serving as the host communities for sports wagering.

 

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - VIDEO-LOTTERY GAMES,

TABLE GAMES AND SPORTS WAGERING

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     This act would increase the annual flat fee given to Lincoln and Tiverton by their

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respective sports wagering facilities to two hundred thousand dollars ($200,000).

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     This act would take effect upon passage.

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