§ 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.
(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.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-61.2 - Video Lottery Games, Table Games and Sports Wagering
Section 42-61.2-1. - Definitions.
Section 42-61.2-2. - Division of state lottery authorized to operate video lotteries.
Section 42-61.2-2.1. - State authorized to operate casino gaming.
Section 42-61.2-2.3. - State authorized to operate casino gaming in Tiverton.
Section 42-61.2-3. - Additional powers and duties of the director.
Section 42-61.2-3.1. - Table-game regulation.
Section 42-61.2-3.2. - Gaming credit authorized.
Section 42-61.2-3.3. - Sports wagering regulation.
Section 42-61.2-4. - Additional powers and duties of director and lottery division.
Section 42-61.2-5. - Allocation of sports-wagering and online sports-wagering revenue.
Section 42-61.2-6. - When games may be played.
Section 42-61.2-7. - Division of revenue.
Section 42-61.2-8. - Repealed.
Section 42-61.2-9. - Unclaimed prize money, including unclaimed sports-wagering payoffs.
Section 42-61.2-10. - Prizes exempt from taxation.
Section 42-61.2-11. - Effect of other laws and local ordinances.
Section 42-61.2-12. - Prize — Set-off for child support debts.
Section 42-61.2-13. - Enforcement.
Section 42-61.2-14. - Compulsive and problem gambling programs.
Section 42-61.2-15. - Table game and sports-wagering hours of operation.
Section 42-61.2-16. - General requirements for online sports wagering.