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.