RI H8186

Requires the Division of Lottery to issue an open invitation by January 1, 2027, and award between 4 and 6 sports-wagering vendor contracts, prioritizing vendors with strong regulatory compliance, technical capability, and operational history in other states

Changes revenue allocation structure: state receives 51% until matching FY2025 revenue levels, then drops to 12%; vendors receive 40.5% initially, increasing to 79.5% after the threshold; host facilities receive 8.5% (reduced from 17%) after receiving $4.5 million

Removes marketing expenses as a deduction from online sports-wagering revenue calculations for contracts entered into after the effective date

Grants sports-wagering vendors authority to make operational decisions regarding marketing, advertising, and promotions, and allows them to accept wagers using promotions or bonuses regardless of where they were originally offered

Maintains $200,000 annual flat fees to the towns of Lincoln and Tiverton as host community compensation for sports wagering