The bill amends the disbursement structure of gaming revenues in South Dakota, specifically regarding the net municipal proceeds paid to the City of Deadwood. It establishes that disbursements from the gaming commission fund must occur each year until the net proceeds equal six million eight hundred thousand dollars. After accounting for commission expenses and a payment to the historical preservation loan and grant fund, the remaining funds must be distributed according to a new percentage allocation.

The revised distribution percentages include ten percent to the state general fund, ten percent to municipalities in Lawrence County (excluding Deadwood), and ten percent to school districts in Lawrence County based on their average daily membership. Notably, the bill changes the allocation to the City of Deadwood from ten percent to seventy percent for deposit in the historic restoration and preservation fund. This restructuring aims to enhance funding for local municipalities and educational institutions while significantly increasing the share for Deadwood's preservation efforts.

Statutes affected:
Introduced, 01/30/2025: 42-7B-48.1