2021 -- S 0966

========

LC002980

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2021

____________

A N   A C T

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

TABLE GAMES AND SPORTS WAGERING

     

     Introduced By: Senators Paolino, and Pearson

     Date Introduced: June 17, 2021

     Referred To: Senate Special Legislation and Veterans Affairs

     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

 

1

($100,000) and the town of Tiverton shall be paid an annual flat fee of one hundred thousand dollars

2

($100,000) in compensation for serving as the host communities for sports wagering. Provided, that

3

in Fiscal Year 2022 and Fiscal Year 2023, the town of Lincoln shall be paid an annual flat fee of

4

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

5

of two hundred thousand dollars ($200,000) in compensation for serving as the host communities

6

for sports wagering. For Fiscal Year 2024 and every fiscal year thereafter, the flat fee shall be

7

increased at the same rate of increase as the combined sports wagering revenue and online sports

8

wagering revenue; provided, however, in no fiscal year shall the flat fee be less than two hundred

9

thousand dollars ($200,000).

10

     SECTION 2. This act shall take effect upon passage.

========

LC002980

========

 

LC002980 - Page 2 of 3

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

***

1

     This act would increase the flat fee paid to Lincoln and Tiverton as host communities for

2

sports wagering from one hundred thousand dollars ($100,000) to two hundred thousand dollars

3

($200,000) for fiscal years 2022 and 2023, and for fiscal year 2024 and each fiscal year thereafter,

4

the flat fee would increase at the same rate of increase as the combined sports wagering and online

5

sports wagering revenue.

6

     This act would take effect upon passage.

========

LC002980

========

 

LC002980 - Page 3 of 3