Hawaii SB3303 regulates sports wagering, establishing licensing, tax, and operational standards.

Hawaii SB3303 introduces a regulatory framework for sports wagering in Hawaii. It mandates licensing for sports wagering operators and suppliers, with fees of $500,000 and $10,000 respectively. The bill outlines specific duties for operators, including employing monitoring systems to detect suspicious activity and maintaining sufficient reserves. It also sets tax rates on sports wagering receipts and other business activities. The bill prohibits certain types of bets, such as those on injuries or player discipline, and mandates advertising standards to prevent targeting minors.

Hawaii SB3303 regulates sports wagering, establishing licensing, tax, and operational standards.

Hawaii SB3303 introduces a regulatory framework for sports wagering in Hawaii. It mandates licensing for sports wagering operators and suppliers, with fees of $500,000 and $10,000 respectively. The bill outlines specific duties for operators, including employing monitoring systems to detect suspicious activity and maintaining sufficient reserves. It also sets tax rates on sports wagering receipts and other business activities. The bill prohibits certain types of bets, such as those on injuries or player discipline, and mandates advertising standards to prevent targeting minors.