MI HB5886

Amends Michigan Penal Code section 310b to redefine requirements for redemption games that are exempt from gaming regulations.

Restricts gift card prizes awarded from redemption games to be usable only at the location where the games are played, rather than at any retailer or affiliated retailers.

Requires gift cards to be issued in specified amounts by the business operating the games and prohibits conversion to cash or giving change for purchases.

Establishes new definition of "gift card" as a written promise or electronic payment device usable for future goods and services purchases, excluding general use prepaid cards issued by financial institutions.

Requires all redemption games to be registered with the Michigan Gaming Control Board and defines "registered" as notifying the board of game presence and providing serial numbers or requested information.