Video Lottery Games, Table Games And Sports Wagering
Impact
The impact of HB 6313 on state laws revolves around its provision to modernize and clarify the regulatory framework related to sports wagering and gaming, allowing for more flexibility and scope in how these activities are managed. By properly classifying collegiate events and delineating types of gaming, the bill is likely to facilitate a more efficient oversight process by state authorities. Supporters argue this could lead to increased revenue through improved regulatory practices, while opponents may express concerns about the expansion of gambling activities and their social implications.
Summary
House Bill 6313, titled 'An Act Relating to State Affairs and Government – Video Lottery Games, Table Games and Sports Wagering', seeks to amend definitions within the existing framework of gaming regulations in Rhode Island. Introduced by Representatives Baginski and Finkelman on April 21, 2023, the bill adds clarity to the definitions of 'collegiate sports or athletic event' and establishes more specific parameters regarding sports wagering in conjunction with video lottery games and table games. The intent is to create a defined structure for how these activities can be regulated under state law, thus potentially enhancing economic opportunities related to legalized gaming in the state.
Contention
Notable points of contention surrounding HB 6313 include the legislation's approach to collegiate sports and how it regulates events related to them. While the bill aims to ensure that collegiate events, particularly those involving Rhode Island institutions, are handled with strict guidelines to prevent undue influence from gaming activities, critics may argue it doesn’t sufficiently protect student-athletes or that it could inadvertently promote gambling on educational settings. Furthermore, the balance between promoting economic interests through gambling versus safeguarding community standards remains a core debate in the discussions of this bill.
Increases the maximum amount of credit a video lottery retailer may extend to a patron and would authorize certain amendments to the regulatory agreement involving Bally's Corporation and affiliates of Bally's.
Restates the UTGR Master Contract and the Twin River-Tiverton Master Contract and would consolidate the marketing program of each into the Consolidated Marketing Program.
Authorizes the Town of Tiverton to require the school committee and quasi-municipal entities to provide regular financial reports to the chief financial officer or other designated town official.
Authorizes the Town of Tiverton to require the school committee and quasi-municipal entities to provide regular financial reports to the chief financial officer or other designated town official.