The bill proposes the repeal of sections 313.805, 313.820, and 313.835 of the Revised Statutes of Missouri (RSMo) and enacts three new sections in their place, maintaining the same section numbers. The new provisions grant the Missouri gaming commission comprehensive jurisdiction over gambling operations, including the authority to investigate applicants, license operators, and enforce compliance with gambling regulations. Notably, the commission is empowered to adjust the admission fee for excursion gambling boats annually for inflation, and it is required to ensure that gambling games are conducted fairly, with a minimum payout of eighty percent of all wagers. Additionally, the bill modifies the admission fee structure, increasing it from one dollar to two dollars, adjusted for inflation, with fifty percent of the fee allocated to the gaming commission fund and the other half to the home dock city or county. The revenue generated from various fees and penalties will be deposited into the newly created Gaming Commission Fund, which is designated for funding the commission's administrative costs. The bill also outlines the distribution of remaining net proceeds from the fund to various programs, including community support initiatives, financial assistance for students, and veterans' services, with a new allocation of fifteen million dollars to the Missouri Department of Natural Resources for historic preservation efforts.

Statutes affected:
Introduced (6597H.01): 313.805, 313.820, 313.835