The bill proposes the repeal of the entire Chapter 11-50 entitled "Games of Chance" from the General Laws, which includes Sections 11-50-1 through 11-50-8. These sections currently regulate various aspects of games of chance, contests, and promotional advertising schemes that involve the distribution of prizes determined by chance, in order to promote retail business. The existing law requires filing with the secretary of state, posting of available prizes, maintenance of records, and prohibits manipulation of games, failure to distribute prizes, deceptive advertising practices, and dealer coercion. Violations of these provisions are classified as misdemeanors.

The bill removes all the detailed requirements and prohibitions, effectively deregulating the conduct of games of chance and related promotional activities. The legal language that is deleted includes the obligations to file statements with the secretary of state, post prize details, maintain records of winners, and avoid deceptive practices. The bill also eliminates the penalties associated with failing to comply with these requirements. The act would take effect immediately upon passage, signifying that the changes to the law would be effective as soon as the bill is enacted.