Gaming: other; expenditures under the internet sports betting fund; modify. Amends secs. 15 & 16 of 2019 PA 149 (MCL 432.415 & 432.416)

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Plain-English Summary

This bill changes how taxes from lawful sports betting are divided in Michigan. It allocates 30% to the city where the casino is located for various local programs like public safety and road repairs, 65% to the state's internet sports betting fund, and 5% to the Michigan agriculture equine industry development fund, with any excess over $3 million going to the state fund. The state fund will then use its money for regulating sports betting, compulsive gaming prevention, a first responder fund, tribal government services, and finally, the state school aid fund.

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