HB 4916 - Authorizes Sports Betting - Michigan Key Vote

Timeline

Related Issues

Stage Details

See How Your Politicians Voted

Title: Authorizes Sports Betting

Vote Smart's Synopsis:

Vote to pass a bill that authorizes sports betting.

Highlights:

 

  • Authorizes licensed sports betting operators to offer sports betting over the internet, including through mobile applications (Sec. 2).

  • Specifies that an internet sport is considered gambling or gaming if the operator is conducting any betting wagers at their casino (Sec. 4).

  • Specifies that the law does not apply to Indian lands or Indian tribes under a facility license approved by the National Indian Gaming Commission (Sec. 4).

  • Prohibits the placement of sports betting devices on public premises outside of its own casino (Sec. 4).

  • Requires that a sports betting operator only operate 1 internet sports betting platform and must prominently display its brand or affiliate (Sec. 4).

  • Authorizes the Michigan Gaming Control Board to have jurisdiction over the implementation and regulation of this act (Sec. 5).

  • Specifies that the board may enter into agreements, including with Indian tribes, for the purposes of sports betting enforcement (Sec. 5).

  • Specifies that the board is permitted to allow sports betting on amatuer or professional athletic events (Sec. 5).

  • Authorizes the board to determine whether an applicant should receive a sports betting operator license based on their ability to comply with this act (Sec. 6).

  • Establishes a tax of 8.75 percent on all internet sports betting conducted under this act (Sec. 7).

  • Requires the board to determine the rules governing the licensure, administration, and conduct of internet sports betting within 1 year of the effective date of this act (Sec. 10). 

  • Establishes a tax of 8.75 percent on the adjusted gross sports betting receipts of sports betting operators (Sec. 14).

  • Authorizes municipalities to charge a 1.25 percent fee on the adjusted gross sports betting receipts of sports betting operators (Sec. 14).

  • Appropriates 30 percent of the tax revenue from Section 14 to the city in which the sports betting operator collecting the tax is located (Sec. 15).

  • Establishes the internet sports betting fund within the state treasury (Sec. 16).

  • Appropriates 65 percent of the tax revenue from Section 14 to the internet sports betting fund (Sec. 15).

  • Appropriates 52.5 percent% of the tax revenue from Section 7 to the internet sports betting fund (Sec. 15).

  • Requires that the board, after spending the necessary funds for regulating and enforcing this act, to transfer $1 million of the fund to the compulsive gaming prevention fund, and the remainder to the state school aid fund (Sec. 16). 

  • Appropriates 5 percent of the tax revenue from Section 14 to the Michigan agriculture equine industry development fund (Sec. 15). 

  • Appropriates 30 percent of the tax revenue from Section 7 to the city in which the sports betting operator collecting the tax is located (Sec. 15).

  • Appropriates 17.5 percent of the tax revenue from Section 7 to the Michigan strategic fund (Sec. 15). 

arrow_upward