The bill introduces new legal language concerning the collection and reporting of tax revenues from gaming operations at Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino. It specifies the Gross Gaming Revenue (GGR) and the associated tax revenues collected from these establishments from June 2019 through December 2024, detailing allocations for state taxes, race horse development funds, and other initiatives. The bill outlines specific tax rates, such as a 25% tax on total GGR for Encore Boston Harbor and MGM Springfield, and a 40% tax on slot machine revenue for Plainridge Park Casino, aiming to enhance transparency and accountability in the management of gaming revenues.

Additionally, the bill addresses the reporting and taxation of sports wagering revenue, detailing the monthly financial performance of various operators, including Bally's, BetMGM, and Caesars, from March 2023 through October 2024. It specifies tax rates for different platforms, with some at 20% and others at 15%, and projects total sports wagering tax revenue to reach approximately $6.16 billion by the end of 2024. The bill emphasizes accurate reporting and accountability in the sports wagering sector, ensuring that tax revenues are effectively managed and collected, while also reflecting adjustments in financial reporting to provide stakeholders with the most current financial information.