Senate Bill No. 2309 Summary

• Creates a charitable gaming operating fund in the state treasury to receive all gaming taxes, monetary fines, and interest and penalties collected under charitable gaming law.

• Allocates funds quarterly on a continuing basis: $80,000 to the gambling disorder prevention and treatment fund, and 10% of total deposits to cities and counties proportional to taxes collected within their jurisdictions.

• Directs the attorney general to certify excess accumulated funds to the state treasurer on or before June 30 of each odd-numbered year for transfer to the general fund.

• Limits licensed organizations to a maximum of 10 electronic pull tab devices per site, with prizes capped at 88% of gross proceeds per deal.

• Restructures gaming tax rates based on adjusted gross proceeds: 3.75% for up to $1.5 million per quarter; 15% for $1.5-$3.3 million; 8.75% for $3.3 million-$1 million; and 10.75% for amounts exceeding $1 million quarterly, effective for taxable events after June 30, 2021.