MI SB0461

Amends Michigan Penal Code Section 310 to legalize fantasy sports games and contests that meet specific conditions.

Allows payment of purses, prizes, entry fees, and expenses related to athletic events and fantasy sports contests under the revised gambling exemptions.

Requires athletic events to have a non-participant sponsor, outcomes determined by relative performance of participants, and prizes established in advance.

Requires fantasy sports games to have prizes established in advance, outcomes determined predominantly by accumulated statistical performance rather than single events, and cannot be based on individual team scores or single athlete performances.

Prohibits application to pool selling or wagering transactions where money or valuable things are paid based on speculation about contest outcomes by non-participants.