Amends TCA Title 4, Chapter 49 and Title 67.

Under present law, it is a taxable privilege to offer sports wagering in this state. A licensee must pay a privilege tax on its adjusted gross income of 20 percent to the sports wagering advisory council. The tax imposed must be paid monthly by a licensee based on its monthly adjusted gross income for the immediately preceding calendar month. Present law requires the council to distribute the collected tax to the state treasurer for the following purposes: (1) Eighty percent for deposit into the lottery for education account; (2) Fifteen percent for deposit into the general fund, to be remitted quarterly to each local government in this state on a per capita basis for local infrastructure projects; and (3) Five percent for the department of mental health and substance abuse services. This bill lowers the distribution pursuant to (1) from 80 percent to 78 percent and provides that the 2 percent remaining be distributed for rural and urban at-risk youth programs.