Rhode Island S3118 redefines sports wagering sections and changes the revenue percentages for host facilities.

Rhode Island S3118 amends the state's sports wagering regulations, specifically changing the revenue percentages for host facilities. The bill redefines sports wagering sections and reallocates the percentages of revenue that the vendors, the state, and host facilities receive from sports-wagering revenues. The host facilities will now receive 8.5% of sports-wagering revenue, up from 17%. The bill also mandates that the Division of Lottery issue an open invitation to applicants for sports-wagering vendor contracts by January 1, 2027, awarding between four and six contracts.

Rhode Island S3118 redefines sports wagering sections and changes the revenue percentages for host facilities.

Rhode Island S3118 amends the state's sports wagering regulations, specifically changing the revenue percentages for host facilities. The bill redefines sports wagering sections and reallocates the percentages of revenue that the vendors, the state, and host facilities receive from sports-wagering revenues. The host facilities will now receive 8.5% of sports-wagering revenue, up from 17%. The bill also mandates that the Division of Lottery issue an open invitation to applicants for sports-wagering vendor contracts by January 1, 2027, awarding between four and six contracts.