Chapter 23K of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by inserting after Section 71 the following section:

“Section 72. There shall be established and set up on the books of the commonwealth a fund to be known as the Public Advancement Fund. The fund shall be credited with any monies transferred from all registration and renewal fees from online gaming, daily fantasy sports, and online sports betting. Expenditures from the fund shall be subject to appropriation; provided, however that 34 per cent of the funds received shall be appropriated for the purposes of transportation  services to supplement, and not offset, any reduction in line item 5911-2000 of the general appropriation act from the previous fiscal year’s general appropriation act; and provided further, that 33 per cent of the funds received shall be appropriated for the purposes of Medicaid Administration and shall be used to supplement, and not offset, any reduction in line-item 4000-0300 of the general appropriation act from the previous year’s general appropriation act; and provided further that the remaining 33 per cent of the funds received shall be appropriated for the purposes of K-12 education and shall be used to supplement, and not offset, any reduction in line-item 7061-0008 of the general appropriation act from the previous fiscal year’s general appropriation act.