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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Notwithstanding the provisions of § 42-61-15, the division of lottery is authorized to enter into an agreement to allocate online table 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 table gaming revenue shall be:
(1) To the state, fifteen and one-half percent (15.5%) of online table gaming revenue;
(2) To the state's authorized iGaming platform vendor, thirty-five percent (35%) of online table gaming revenue;
(3) To the state's authorized iGaming game vendor, forty-eight and one-half percent (48.5%) of online table gaming revenue; and
(4) To the Town of Lincoln and the Town of Tiverton collectively, one percent (1%) of online table gaming revenue, divided whereby the Town of Lincoln receives eighty percent (80%) of such allocation and the Town of Tiverton receives twenty percent (20%) 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 table 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.
Cite this article: FindLaw.com - Rhode Island General Laws Title 42. State Affairs and Government § 42-61.2-5.2. Allocation of online table gaming revenue - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-42-state-affairs-and-government/ri-gen-laws-sect-42-61-2-5-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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