modify the distribution of gaming revenues.

Summary

The bill changes the payout formula for the Gaming Commission fund once the City of Deadwood receives $6.8 million in net proceeds each year. After that threshold, 70% of remaining revenue goes to the state general fund (with a decreasing share over four years), 10% to Lawrence County municipalities (excluding Deadwood), 10% to Lawrence County school districts, and 10% to Deadwood’s historic restoration fund, plus a fixed $100,000 to the State Historical Preservation Grant and Loan fund.

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