Economic development: other; lawful internet gaming act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 15a of 2019 PA 152 (MCL 432.315a). TIE BAR WITH: SB 0631'25
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the Lawful Internet Gaming Act by removing a specific allocation to the Michigan Strategic Fund. It adjusts how payments from the Lawful Internet Gaming Act are distributed, directing 20% to the casino’s local governing body and 70% to the state’s general fund. The remaining 10% was previously allocated to the Michigan Strategic Fund, but this allocation is now eliminated. The bill’s implementation is contingent on the passage of Senate Bill 631.
Key provisions
- Reduces the Michigan Strategic Fund’s share of payments from the Lawful Internet Gaming Act to zero.
- Directs 20% of payments to the local governing body where the internet gaming operator’s casino is located.
- Directs 70% of payments to the state’s general fund.
- This amendment is contingent upon the enactment of Senate Bill 631.
Who is affected
- Internet Gaming Operators
- Local Governing Bodies (cities, counties, etc.)
- The State of Michigan
- The Michigan Strategic Fund
Notable changes
- Eliminates the 10% allocation to the Michigan Strategic Fund.
- Changes the distribution of funds from the Lawful Internet Gaming Act.
Fiscal impact
The elimination of the Michigan Strategic Fund’s allocation will likely impact the fund’s revenue and potentially shift economic development investments.
Bill text
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- Senate Introduced Bill
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