This bill amends existing laws related to the UTGR Master Contract and the Twin River-Tiverton Master Contract by consolidating their marketing programs into a new "Consolidated Marketing Program." It incorporates definitions for key terms such as "Adjustment Amount," "Adjustment Date," "Consolidated Master Contract," and "Marketing Cap," among others. The "Adjustment Amount" is defined as the percentage increase in the consumer price index (CPI) as determined on an Adjustment Date, while the "Marketing Cap" is set at a specific dollar amount multiplied by the Division Percentage and adjusted annually. The bill also authorizes the state lottery division to enter into a consolidated contract that will govern the marketing expenditures of both entities, ensuring that reimbursements are made in accordance with the established terms.

Additionally, the bill specifies that the total amount payable by the Division for marketing expenditures in any Marketing Year will not exceed the Marketing Cap, which is adjusted annually. It also clarifies that any conflicting provisions between the new Consolidated Master Contract and the act will be resolved in favor of the act. The bill is designed to streamline the marketing efforts of the two entities while ensuring compliance with state regulations, and it will take effect upon passage.