The bill amends the distribution of gaming revenues from the Gaming Commission fund, specifically altering the allocation of funds after the City of Deadwood receives a set amount of net municipal proceeds. It establishes that once the City of Deadwood has received six million eight hundred thousand dollars annually, the remaining funds will be distributed in a new manner. The bill specifies that 70% of the remaining funds will go to the general fund in 2026, decreasing to 20% by 2029 and thereafter. Additionally, 10% will be allocated to municipalities in Lawrence County (excluding Deadwood) based on population, and another 10% will be distributed to school districts in Lawrence County based on average daily membership.

Furthermore, the bill modifies the allocation to the City of Deadwood for its historic restoration and preservation fund. Instead of a flat 10%, the distribution will start at 10% in 2026, increasing to 60% by 2029. This change reflects a significant shift in how gaming revenues are shared among the state, local municipalities, and educational institutions, with a clear plan for gradual adjustments over the next several years.

Statutes affected:
Introduced, 01/20/2026: 42-7B-48.1