Vote Smart's Synopsis:

Vote to pass a bill that authorizes sports betting.

Highlights:

• Authorizes licensed organizations to conduct sports betting on a sport or athletic event (Sec. 2).

• Defines “sports or athletic event” as a professional or collegiate event at which 2 or more individuals participate in a sport or athletic competition (Sec. 2).

• Requires the attorney general to deposit one-fourth of gross proceeds exceeding $1.5 million each quarter, into the gambling disorder treatment and prevention fund (Sec. 3).

• Specifies that all other proceeds shall be deposited into the general fund in the state treasury (Sec. 3).

Full Bill Text