RI S3118

Requires the Division of Lottery to issue an open invitation by January 1, 2027 for sports-wagering vendor contracts and award between 4 and 6 individual vendor contracts

Changes revenue allocation structure: state receives 51% until matching FY2025 revenue levels, then drops to 12%; vendors receive 40.5% initially, then 79.5% after the threshold is met

Reduces host facilities' share from 17% to 8.5% of sports-wagering revenue, with a guaranteed minimum of $4.5 million

Grants sports-wagering vendors authority to make operational decisions regarding marketing, advertising, and promotions, subject to Division regulations

Allows vendors to accept wagers using promotions, bonuses, or cash equivalents regardless of which jurisdiction originally offered or awarded them to players