Sports Betting Bill To Be Introduced To Michigan Legislature Soon

• The sports betting bill will be introduced to the Michigan Legislature next week.
• The bill permits mobile and land-based wagering for 23 of the state’s tribal casinos and three commercial casinos.
• The bill will allow sports betting on various professional and collegiate teams.

LANSING, Mich. – Representative Brandt Iden will introduce a sports betting bill to the Michigan Legislature next week. The state had an online gambling bill called HB 4311 referred to the Committee on Way and Means in March. The new sports betting bill, which is not yet named, allows mobile and land-based sports gambling.

The language in the bill is subject to change. Iden is still working out details before he introduces the bill. This bill would create a Division of Sports Betting to oversee the activity. The bill proposal establishes a Sports Betting Fund that permits sports betting on professional and college teams. Under the bill the following wager types are permitted: teaser bets, straight bets, totals, parlays, in-game wagers, exchange betting, and propositions.

The bill will tax the sports betting revenue at 8%. The bill will then allocate 55 % to the Michigan Sports Betting Fund. The fund will contribute $1 million a year to the Compulsive Gaming Prevention Fund.

The Compulsive Gaming Prevention Fund was created to treat residents with compulsive gambling addictions. The fund was created within the department of treasury.

Another 30% from the tax on sports betting will be distributed to locality of the sportsbook licensee for land development. Finally, an additional 5% per fund will go to both the Michigan Transportation Fund and the Michigan Agriculture Equine Industry Development Fund.

The bill will also enable sports betting licensees to use their choice of the data supplier. Data from live event participants in breach of terms of admittance and automated computer programs that disobey terms of service are both prohibited.

In-play wagers, according to the bill, require legal sports betting operators to use official league data. The operators must inquire about this information from the sports’ governing body.The bill does not mention an integrity fee.

The unnamed sports betting bill is expected to arrive in the Michigan Legislature next week. The bill will undergo some changes to its language and then begin its journey in the House Regulatory Reform Committee.

News tags: HB 4311 | Michigan | sports betting