SB 664 Summary

• Establishes the Sports Betting Act and creates a Division of Sports Betting within the Michigan Gaming Control Board to regulate and supervise all sports betting operations in Michigan.

• Authorizes licensed casinos and federally recognized Michigan Indian tribes to conduct sports betting at gaming facilities and via approved digital platforms, subject to licensing requirements and background checks.

• Imposes an 8% tax on adjusted gross sports betting receipts, allocated to cities (30%), state sports betting fund (55%), school aid fund (5%), transportation fund (5%), and horse racing development fund (5%, capped at $3,000,000 annually).

• Requires sports betting operators to employ monitoring systems to detect suspicious activities, maintain daily records, and comply with division rules regarding responsible gaming, player protection, and integrity safeguards.

• Makes unlicensed sports betting in Michigan a felony punishable by up to 10 years imprisonment and $100,000 fine; takes effect 90 days after enactment, contingent on passage of HB 4308 and HB 4311.