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Michigan Betting Bill Passes Second Michigan House Committee With Amendments

It is looking good for a sports betting bill filed by Representative Brandt Iden. It might well pass the Michigan House. After all, it has passed the Ways and Means Committee by a vote of 10-1.

Known as House Bill 4916, the Lawful Sports Betting Act has been amended to increase the tax rate to 8.75% of gross receipts — up from the original 8.0%.

Data usage regulation has been expanded as well. The original bill previously stated that sports governing bodies could ask the Division of Sports Betting ( an entity established through the bill) to require operators to use official league data to settle tier 2 (in-play) bets.

Looking at the first draft, operators could challenge this if able to prove that the leagues were could not provide a data feed on commercially reasonable terms.

Source: https://www.igamingbusiness.com/news/amended-michigan-betting-bill-passes-second-house-committee

About the author

Carol Kay

Carol Kay

Carol Kay is an American editor and writer living in California with a background in business and finance, health and fitness and popular culture. She is the author of numerous books and articles on a variety of subjects. She is dedicated to disseminating information of public import on the internet.

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