HB 174 - Internet Wagering Proceeds Summary

• Allocates the first $3,750,000 in annual Internet table games proceeds to the State Lottery Fund, with remaining proceeds distributed according to specified formulas.

• Directs Internet table games proceeds to harness racing purses at rates of 4.5% on the first $50,000,000, 8% on the next $12,000,000, and 9% on amounts exceeding $62,000,000, plus additional percentages for the Delaware Standardbred Breeder's Fund and Program.

• Directs Internet table games proceeds to thoroughbred racing purses at rates of 4.5% on the first $50,000,000 and 8% on amounts exceeding $50,000,000, plus an additional 1% for the Delaware Certified Thoroughbred Program.

• Provides allocation formulas for video lottery agents licensed for both harness and horse racing, apportioning purse support based on the ratio of live racing days for each type.

• Designates remaining proceeds after state allocation and purse payments as commissions to video lottery agents, with all calculations performed after deducting player winnings and administrative/vendor costs.