SPORTS WAGERING-UNIVERSITIES

Amends the Sports Wagering Act and the State Finance Act. Provides that 6% of the moneys in the Sports Wagering Fund that are attributable to sports wagering on collegiate sport or athletic events shall be transferred to the Collegiate Sport Services Fund, a special fund in the State treasury. Provides for distribution of the moneys in the Fund to NCAA Division I institutions of higher education according to the classification of their conferences and the sports played by those institutions. Provides that moneys in the Fund shall be used for support services in relation to collegiate athlete mental health, monitoring of sport wagering activities and compliance services, and the establishment and maintenance of a line of communication for athletic departments of Division I institutions of higher education to report issues to the Gaming Board. Provides that each Division I institution of higher education may provide a list of names of collegiate athletes and staff members to the Gaming Board if the Gaming Board deems it appropriate to prohibit those persons from engaging in sports wagering under this Act, and that the Gaming Board shall require master sports wagering licensees to: prohibit each of the collegiate athletes and staff members named by the institution from establishing a sports wagering account under this Act; and close any accounts that were opened by the collegiate athletes and staff members before their names were provided to the Board. Provides that each Division I institution of higher education may add to or remove names from its list from time to time by notifying the Board.