2020 -- H 7673 | |
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LC004725 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2020 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - VIDEO-LOTTERY GAMES, | |
TABLE GAMES AND SPORTS WAGERING | |
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Introduced By: Representatives Costantino, Lyle, Ackerman, and Edwards | |
Date Introduced: February 26, 2020 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 42-61.2-5 of the General Laws in Chapter 42-61.2 entitled "Video- |
2 | Lottery Games, Table Games and Sports Wagering" is hereby amended to read as follows: |
3 | 42-61.2-5. Allocation of sports-wagering and online sports-wagering revenue. |
4 | (a) Notwithstanding the provisions of ยง 42-61-15, the division of lottery is authorized to |
5 | enter into an agreement to allocate sports-wagering revenue derived from sports wagering and |
6 | online sports wagering at the hosting facilities between the state, the state's authorized sports- |
7 | wagering vendor, and the host facilities. The allocation of sports-wagering revenue and online |
8 | sports-wagering revenue shall be: |
9 | (1) To the state, fifty-one percent (51%) of sports-wagering revenue and online sports- |
10 | wagering revenue; |
11 | (2) To the state's authorized sports-wagering vendor, thirty-two percent (32%) of sports- |
12 | wagering revenue and online sports-wagering revenue; and |
13 | (3) To the host facilities, seventeen percent (17%) of sports-wagering revenue and online |
14 | sports-wagering revenue. |
15 | (b) Sports-wagering revenue and online sports-wagering revenue allocated to the state shall |
16 | be deposited into the state lottery fund for administrative purposes and then the balance remaining |
17 | into the general fund. |
18 | (c) The town of Lincoln shall be paid an annual flat fee of one hundred thousand dollars |
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1 | ($100,000) two hundred thousand dollars ($200,000) and the town of Tiverton shall be paid an |
2 | annual flat fee of one hundred thousand dollars ($100,000) two hundred thousand dollars |
3 | ($200,000) in compensation for serving as the host communities for sports wagering. |
4 | SECTION 2. This act shall take effect upon passage. |
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LC004725 | |
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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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1 | This act would increase the annual flat fee given to Lincoln and Tiverton by their respective |
2 | sports wagering facilities to two hundred thousand dollars ($200,000). |
3 | This act would take effect upon passage. |
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LC004725 | |
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