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increase the state's percentage of video lottery revenues and provide for the deposit of certain excess revenues.

HB1252 increases the portion of video lottery machine revenues that the state keeps, rather than sharing all of it with the establishments that host the machines. Any extra revenue above a certain threshold gets deposited into a dedicated fund for specific state purposes instead of going to the general fund.

license out-of-state multi-jurisdictional totalizator hubs and distribute source market fees to the special racing revolving fund and the South Dakota-bred racing fund.

This bill allows out-of-state companies to operate betting hubs that take wagers on horse races from multiple states, and requires those companies to pay licensing fees to South Dakota. The fees collected go into two funds: one to support South Dakota's racing industry and another specifically to help South Dakota-bred horses and racing.

Proposing and submitting to the voters an amendment to the Constitution of the State of South Dakota, providing for wagering on sporting events.

This resolution asks South Dakota voters to approve a constitutional amendment that would allow the state to legalize wagering (betting) on sporting events. If approved by voters, it would remove the current constitutional ban on sports betting and allow the legislature to pass laws regulating and taxing such bets in the future.

make an appropriation to the gaming commission fund, to provide for the transfer of funds to the special racing revolving fund and the South Dakota-bred racing fund, and to declare an emergency.

SB128 provides money to the Gaming Commission and directs some of those funds to be transferred to two racing-related accounts: the Special Racing Revolving Fund and the South Dakota-Bred Racing Fund. The bill declares an emergency, meaning the funding takes effect immediately rather than waiting for the normal effective date.