HB 347 Summary

• Authorizes interactive sports wagering on professional, college, amateur sports, and electronic sports through licensed operators, with a maximum of 12 licenses at $1,000,000 each and an 18% tax on gross wagering revenue.

• Establishes age restrictions (minimum 21 years) and prohibits wagering on youth sports, injuries, penalties, and disciplinary proceedings; requires geofencing technology to verify in-state location.

• Creates advance deposit account (ADW) wagering on horse racing with 1% annual fee based on total pari-mutuel wagers; ADW licensees must pay $1,000,000 application fee.

• Dedicates tax revenue to gambling addiction treatment ($2,000,000 annually), youth sports programs ($1,000,000), collegiate athletics at 13 specified universities, outdoor heritage programs, and major events fund.

• Establishes a voluntary exclusion program for problem gamblers and allows temporary sports wagering facilities at professional golf tournaments; authorizes tribal gaming enterprises as licensed operators without counting toward the 12-operator limit.