Michigan HB6126 modifies internet sports betting fund allocations, redistributing tax revenue.
Michigan HB6126 amends sections 15 and 16 of 2019 PA 149, changing how tax revenue from internet sports betting is allocated. Thirty percent goes to the city where the casino is located for public safety, neighborhood development, and other quality-of-life programs. Sixty-five percent is deposited into the state's fund. Five percent goes to the Michigan agriculture equine industry development fund, with excess over $3 million going to the aid fund. An additional $1 million annually goes to the Michigan strategic fund for tribal governments.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.