The bill introduces new legal language that focuses on the categorization and reporting of sports wagering tax revenue for various establishments, including Plainridge Park, MGM Springfield, Encore, and Bally's. It establishes a standardized format for reporting monthly handle, win, and federal excise tax, along with taxable amounts and rates of carryover, which is set at 15% for all categories. The bill also mandates detailed monthly financial data for each venue from January 2023 through March 2026, ensuring transparency and accountability in the reporting process, which is essential for regulatory oversight and the financial health of the gaming industry.

Additionally, the bill outlines financial reporting and tax collection from gaming operations, detailing gross gaming revenue (GGR) and associated tax revenues for various casinos from January 2023 through June 2026. It emphasizes the importance of accurate reporting by mandating casinos to provide detailed financial data, which includes total coin in, GGR, hold percentages, payout percentages, and total taxes collected by the state. The bill also specifies the allocation of these revenues to funds such as the race horse development fund and the regional housing development fund, aiming to enhance transparency and efficiency in the financial operations related to sports wagering and gaming taxes.