Rhode Island General Laws 42-61.2-5. Allocation of sports-wagering and online sports-wagering revenue
(a) Notwithstanding the provisions of § 42-61-15, the division of lottery is authorized to enter into an agreement to allocate sports-wagering revenue derived from sports wagering and online sports wagering at the hosting facilities between the state, the state’s authorized sports-wagering vendor, and the host facilities. The allocation of sports-wagering revenue and online sports-wagering revenue shall be:
(1) To the state, fifty-one percent (51%) of sports-wagering revenue and online sports-wagering revenue;
(2) To the state’s authorized sports-wagering vendor, thirty-two percent (32%) of sports-wagering revenue and online sports-wagering revenue; and
(3) To the host facilities, seventeen percent (17%) of sports-wagering revenue and online sports-wagering revenue.
Terms Used In Rhode Island General Laws 42-61.2-5
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
(b) Sports-wagering revenue and online sports-wagering 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.
(c) The town of Lincoln shall be paid an annual flat fee of two hundred thousand dollars ($200,000) and the town of Tiverton shall be paid an annual flat fee of two hundred thousand dollars ($200,000) in compensation for serving as the host communities for sports wagering.
History of Section.
P.L. 2018, ch. 47, art. 4, § 5; P.L. 2019, ch. 7, § 1; P.L. 2019, ch. 8, § 1; P.L. 2021, ch. 162, art. 6, § 8, effective July 1, 2021; P.L. 2021, ch. 180, § 1, effective July 1, 2021; P.L. 2021, ch. 181, § 1, effective July 1, 2021.