Introduced by Rep. Brandt Iden R-Kalamazoo on March 7, 2019
To establish a permissive licensure and regulatory regime on fantasy sports games and contests that offer money prizes, with games subject to specified restrictions and requirements and regulated by the Michigan Gaming Control Board, and an initial license fee of $50,000 for would-be vendors with $20,000 annual renewal fees. The Detroit and Indian casinos could also enter this business without this license. Official Text and Analysis.
Referred to the House Regulatory Reform Committee on March 7, 2019
Reported in the House on March 19, 2019
Refer to the Committee on Ways and Means.
Referred to the House Ways and Means Committee on March 19, 2019
Reported in the House on October 29, 2019
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
To establish a permissive licensure and regulatory regime on fantasy sports games and contests that offer money prizes, with games subject to specified restrictions and requirements, under rules the Michigan Gaming Control Board would promulgate. The bill establishes an initial license fee of $10,000 for would-be vendors with $5,000 annual renewal fees. The Detroit and Indian casinos could also enter this business without this license.