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 visibility for surveillance, and establishing standards to prevent underage participation and address problem gambling.

A significant change introduced by the bill is regarding sports-wagering vendor contracts. It stipulates that after July 1, 2026, the division shall not renew any existing sports-wagering vendor contracts. Prior to the expiration of any existing contracts, the division is required to issue an open invitation for applicants for sports-wagering vendor contracts and must award at least five individual contracts. This process is designed to remain competitive and ensure that contracts are not awarded to unqualified vendors. This act will take effect upon passage.

Statutes affected:
6048: 42-61.2-3.3