§ 42-61.2-5.1. Allocation of online slot gaming revenue. [Effective March 1, 2024.]
(a) Notwithstanding the provisions of § 42-61-15, the division of lottery is authorized to enter into an agreement to allocate online slot gaming revenue among the state, the state’s authorized iGaming platform vendor, and the state’s authorized iGaming game vendor.
(b) The allocation of online slot gaming revenue shall be as follows:
(1) To the state, sixty-one percent (61%) of online slot gaming revenue;
(2) To the state’s authorized iGaming platform vendor twenty-two and fifty-five hundredths percent (22.55%) of online slot gaming revenue;
(3) To the state’s authorized iGaming game vendor fifteen percent (15%) of online slot gaming revenue; and
(4) To the Town of Lincoln and the Town of Tiverton collectively, one and forty-five hundredth percent (1.45%) of online slot gaming revenue, divided whereby the Town of Lincoln receives seventy-seven percent (77%) of such allocation and the Town of Tiverton receives twenty-three percent (23%) of such allocation; provided that the amounts received under this subsection shall be credited towards the Lincoln Minimum and Tiverton Minimum, respectively, pursuant to § 42-61.2-7.
(c) Online slot gaming revenue allocated to the state shall be deposited into the state lottery fund for administrative purposes and then the balance remaining into the general fund.
History of Section.
P.L. 2023, ch. 135, § 5, effective March 1, 2024; P.L. 2023, ch. 158, § 5, effective
March 1, 2024.