2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: McPike
Sports Betting Promotion Deductions (SB 1142) (language only)

Item 0 #3s

Item 0 #3s



Page 1, line 39, strike "$26,901,248,506" and insert "$26,883,248,506".


(This amendment accompanies Senate Bill 1142, which phases in the amount of bonuses and promotions that a sports betting operator can deduct from their adjusted gross revenue. The bill limits the deduction of bonuses and promotions as a percentage of all sports betting wager activity. A companion amendment to Item 494 removes existing language that limits the deduction of bonuses and promotions from the adjusted gross revenue to the first 12 months that an operator conducts sports betting in the Commonwealth. This amendment assumes a general fund revenue reduction of $18.0 million the second year; however, the actual revenue impact is to be determined.)