Section 12 Sports Wagering Fund Distributions and Workforce Investment Trust Fund 1

Chapter 23N of the General Laws is hereby amended by striking out section 17, as so appearing, and inserting in place thereof the following section:-
Section 17. There shall be a Sports Wagering Fund which shall receive revenues collected pursuant to sections 6 and 14. The fund shall not be subject to appropriation. The commission shall be the trustee of the fund and shall transfer monies from the fund as follows:
(i) 45 per cent to the General Fund;
(ii) 10 per cent to the Workforce Investment Trust Fund established in section 18;
(iii) 2 per cent to the Economic Development Trust Fund established in section 16I of chapter 6A;
(iv) 27.5 per cent to the Gaming Local Aid Fund established in section 63 of chapter 23K;
(v) 1 per cent to the Youth Development and Achievement Fund established in section 19;
(vi) 9 per cent to the Public Health Trust Fund established in section 58 of chapter 23K; and
(vii) 5.5 per cent to the Sports and Entertainment Events Fund established in section 13W of chapter 23A.