Economic development: other; lawful sports betting act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 15a of 2019 PA 149 (MCL 432.415a). TIE BAR WITH: SB 0631'25
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the Lawful Sports Betting Act by removing a specific allocation to the Michigan Strategic Fund. It changes how payments under section 7(1)(f) are distributed, directing 90% to the state and 10% to remain with the Michigan Strategic Fund Bureau. The bill’s implementation is contingent upon the enactment of Senate Bill 631.
Key provisions
- Redirects 10% of payments under section 7(1)(f) from the Michigan Strategic Fund.
- Directs 90% of those payments to the state.
- Modifies section 15a of 2019 PA 149 (MCL 432.415a) to reflect this change.
- Requires Senate Bill 631 to be enacted for this amendment to take effect.
Who is affected
- The State of Michigan
- The Michigan Strategic Fund Bureau
- Sports betting operators
Notable changes
- Eliminates the specific allocation to the Michigan Strategic Fund.
- Changes the distribution of funds related to the Lawful Sports Betting Act.
Bill text
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- Senate Introduced Bill
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