The bill amends Section 42-61.2-3.3 of the General Laws concerning the regulation of sports wagering. It grants the division director the authority to establish comprehensive rules and regulations for sports wagering, including standards for the conduct of wagering, methods of play, and procedures for handling bets and payoffs. The bill also outlines requirements for hosting facilities, such as providing information about wagering rules, ensuring proper surveillance, and establishing age restrictions for participants. Additionally, it mandates the division to set eligibility standards for sports-wagering vendors and to implement measures for responsible gambling.

A significant change introduced by the bill is the stipulation that, after January 31, 2026, the division shall not renew any existing sports-wagering vendor contracts. Instead, prior to the expiration of these contracts, the division is required to issue an open invitation for new vendor applications and award not less than three (3) but not more than five (5) contracts to qualified vendors. This provision aims to enhance competition and ensure that only qualified vendors are selected for sports wagering operations. The act will take effect upon passage.

Statutes affected:
748: 42-61.2-3.3
748  SUB A: 42-61.2-3.3
748  SUB A as amended: 42-61.2-3.3