Amended Michigan betting bill passes second House committee
The sports betting bill filed by Representative Brandt Iden has moved closer to passing the Michigan House, after it was passed by the chamber’s Ways and Means Committee by a vote of 10-1.
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%.
It also expands on data usage, after the bill previously stated that sports governing bodies could ask the Division of Sports Betting – established through the bill – to have operators use official league data to settle tier 2 (in-play) bets.
The original draft only stated that operators could challenge this if they were able to prove that the leagues were unable to provide a data feed on commercially reasonable terms.
Now, however, it expands on what this actually means.