Section 17: Sports Wagering Fund
128 words·~1 min read·
/ma/part-i/title-ii/chapter-23n/17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 17. There shall be established and set up on the books of the commonwealth 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:
(1)45 per cent to the General Fund;
(2)17.5 per cent to the Workforce Investment Trust Fund established in section 18;
(3)27.5 per cent to the Gaming Local Aid Fund established in section 63 of section 23K;
(4)1 per cent to the Youth Development and Achievement Fund established in section 19; and
(5)9 per cent to the Public Health Trust Fund established in section 58 of section 23K.