MI HB4730

Increases the maximum amount a millionaire party licensee may receive from $15,000 to $30,000 per day allowed under the license.

Allows licensees to receive the maximum amount permitted in fewer days than the total number of days authorized under the millionaire party license.

Maintains existing requirements that licensees prohibit wagering by individuals under 18 years of age.

Maintains prohibition on wagers placed on contests other than games of chance, athletic events, or games involving personal skill.

Clarifies that the millionaire party licensee is responsible for ensuring all regulatory requirements are met.