Vote Smart's Synopsis:

Vote to pass a bill that would legalize gambling on specific types of sports in designated licensed locations.

Highlights:

-Mandates that the Director of the Delaware Economic Development Office shall create a sports lottery, and design the regulations in a way that maximizes income for the State while minimizing financial risk for the State (Sec.1). -Restricts participation in the sports lottery to those who are 21 years of age and older (Sec.1). -Requires that all sports lottery activities take place at facilities operated by licensed video lottery agents (Sec.1). -Sets the taxation rate for gambling activities at 43.5% of the total revenue after all payments have been paid out to players (Sec.10). -Allocates funds from the State Lottery for the administrative costs of the lottery, treatment for compulsive gamblers, horse race inspectors, the required state contribution to the Delaware Standardbred Breeder’s Program and Delaware Certified Thoroughbred Program, and the General Fund (Sec. 10).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that would legalize gambling on specific types of sports in designated licensed locations.

Highlights:

-Mandates that the Director of the Delaware Economic Development Office shall create a sports lottery, and design the regulations in a way that maximizes income for the State while minimizing financial risk for the State (Sec.1). -Restricts participation in the sports lottery to those who are 21 years of age and older (Sec.1). -Requires that all sports lottery activities take place at facilities operated by licensed video lottery agents (Sec.1). -Sets the taxation rate for gambling activities at 43.5% of the total revenue after all payments have been paid out to players (Sec.10). -Allocates funds from the State Lottery for the administrative costs of the lottery, treatment for compulsive gamblers, horse race inspectors, the required state contribution to the Delaware Standardbred Breeder’s Program and Delaware Certified Thoroughbred Program, and the General Fund (Sec. 10).

Full Bill Text