The bill amends the existing law regarding the disbursement of gaming revenues to municipalities in South Dakota, specifically focusing on the City of Deadwood. It establishes that disbursements from the gaming commission fund must occur each year and sets a threshold for net municipal proceeds to the City of Deadwood at 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 specified percentages.

Key changes include the adjustment of distribution percentages: ten percent to the state general fund, ten percent to municipalities in Lawrence County (excluding Deadwood), and ten percent to school districts based on their average daily membership in Lawrence County. Additionally, the bill modifies the allocation to the City of Deadwood, increasing it to seventy percent for deposit in the historic restoration and preservation fund. These changes aim to clarify and revise the financial framework surrounding gaming revenue distribution in the region.

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