HB 4173 Summary

• Amends Michigan's bingo and charitable gaming law (1972 PA 382) to reorganize existing regulations into Article 1 and add new Article 2 governing millionaire parties.

• Establishes licensing framework for millionaire parties with fees of $50 per day, limiting qualified organizations to 4 licenses per calendar year and maximum 4 consecutive days per license, with restrictions on frequency and simultaneous events at single locations.

• Prohibits location owners, lessors, and their affiliates from serving as officers, players, or participants in millionaire party events, with limited exceptions requiring executive director approval.

• Imposes $20,000 daily limit on cash exchanges for imitation money or chips at millionaire parties (or $80,000 divided by number of days for owner-operated events with fewer than 4 days of gaming).

• Establishes civil penalties up to $2,500 per violation and criminal penalties up to 6 months imprisonment or $1,000 fine for willful violations, with 5-year license ineligibility for revoked licenses.