Plain English Breakdown
The bill did not pass, so there is no official text or summary available beyond what was provided.
Using Gaming Money for Outdoor Fun
The bill proposes to allocate a portion of online sports betting revenue towards outdoor recreation and tourism in Wyoming.
What This Bill Does
- Amends the distribution of gaming revenues by requiring that ten percent (10%) of monthly online sports wagering revenue be remitted to the commission.
- Specifies that the first $300,000 of annual revenue is continuously appropriated for county health programs related to problematic gambling behavior.
- Requires one-half of the remaining revenue after the initial $300,000 allocation goes into a special fund for outdoor recreation and tourism in Wyoming.
- The other half of the remaining revenue from sports betting goes to the state's general fund.
Who It Names or Affects
- Sports wagering operators in Wyoming
- Outdoor recreation and tourism businesses in Wyoming
Terms To Know
- Sports wagering operator
- A company that allows people to bet on sports events.
- Wyoming outdoor recreation and tourism trust fund income account
- An account where money is kept for supporting outdoor activities and tourism in Wyoming.
Limits and Unknowns
- The bill did not pass, so the changes it proposed will not happen.
- It only affects online sports betting revenue, not other types of gaming or gambling.