Act No. 141 Public Acts of 2024 Approved by the Governor October 8, 2024 Filed with the Secretary of State October 8, 2024 EFFECTIVE DATE: Sine Die (91st day after final adjournment of the 2024 Regular Session) state of michigan 102nd Legislature Regular session of 2024 Introduced by Senator Anthony ENROLLED SENATE BILL No. 933 AN ACT to amend 2019 PA 149, entitled An act to create the lawful sports betting act; to require licensing of persons to engage in sports betting via the internet, including through mobile applications; to impose requirements for such sports betting; to impose tax and other payment obligations on the conduct of licensed sports betting; to create the internet sports betting fund; to prohibit certain acts in relation to sports betting and to prescribe penalties for those violations; to require the promulgation of rules; and to provide remedies, by amending section 16 (MCL 432.416). The People of the State of Michigan enact: Sec. 16. (1) The internet sports betting fund is created in the state treasury. (2) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments. (3) The board is the administrator of the fund for auditing purposes. (4) The board shall expend money from the fund, on appropriation, for all of the following: (a) The boards costs of regulating and enforcing internet sports betting under this act. (b) After the expenditure under subdivision (a), each year, $1,000,000.00 to the compulsive gaming prevention fund created in section 3 of the compulsive gaming prevention act, 1997 PA 70, MCL 432.253. (c) After the expenditures under subdivisions (a) and (b), each year, $2,000,000.00 to the Christopher R. Slezak first responder presumed coverage fund created in section 405 of the workers disability compensation act of 1969, 1969 PA 317, MCL 418.405. (d) All money remaining in the fund after the expenditures under subdivisions (a) to (c) must be deposited into the state school aid fund established under section 11 of article IX of the state constitution of 1963. Secretary of the Senate Clerk of the House of Representatives Approved___________________________________________ ____________________________________________________ Governor
Act No. 141
Public Acts of 2024
Approved by the Governor
October 8, 2024
Filed with the Secretary of State
October 8, 2024
EFFECTIVE DATE: Sine Die
(91st day after final adjournment of the 2024 Regular Session)
state of michigan
102nd Legislature
Regular session of 2024
Introduced by Senator Anthony
ENROLLED SENATE BILL No. 933
AN ACT to amend 2019 PA 149, entitled An act to create the lawful sports betting act; to require licensing of persons to engage in sports betting via the internet, including through mobile applications; to impose requirements for such sports betting; to impose tax and other payment obligations on the conduct of licensed sports betting; to create the internet sports betting fund; to prohibit certain acts in relation to sports betting and to prescribe penalties for those violations; to require the promulgation of rules; and to provide remedies, by amending section 16 (MCL 432.416).
The People of the State of Michigan enact:
Sec. 16. (1) The internet sports betting fund is created in the state treasury.
(2) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.
(3) The board is the administrator of the fund for auditing purposes.
(4) The board shall expend money from the fund, on appropriation, for all of the following:
(a) The boards costs of regulating and enforcing internet sports betting under this act.
(b) After the expenditure under subdivision (a), each year, $1,000,000.00 to the compulsive gaming prevention fund created in section 3 of the compulsive gaming prevention act, 1997 PA 70, MCL 432.253.
(c) After the expenditures under subdivisions (a) and (b), each year, $2,000,000.00 to the Christopher R. Slezak first responder presumed coverage fund created in section 405 of the workers disability compensation act of 1969, 1969 PA 317, MCL 418.405.
(d) All money remaining in the fund after the expenditures under subdivisions (a) to (c) must be deposited into the state school aid fund established under section 11 of article IX of the state constitution of 1963.
Secretary of the Senate
Clerk of the House of Representatives
Approved___________________________________________
____________________________________________________
Governor