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Bill > SB2868


HI SB2868

HI SB2868
Relating To Online Fantasy Sports.


summary

Introduced
01/19/2024
In Committee
01/24/2024
Crossed Over
Passed
Dead
05/03/2024

Introduced Session

2024 Regular Session

Bill Summary

Establishes an online fantasy sports contests registration and monitoring program under the Department of the Attorney General. Imposes an online fantasy sports contests tax on the gross revenues of registrants. Establishes the Online Fantasy Sports Contests Special Fund and allocates proceeds of the fund to the Lahaina community recovery efforts. Exempts registered online fantasy sports contests from state gambling laws. Declares that the general fund expenditure ceiling is exceeded. Appropriates funds.

AI Summary

This bill establishes an online fantasy sports contests registration and monitoring program under the Department of the Attorney General. It imposes an online fantasy sports contests tax on the gross revenues of registrants, and establishes the Online Fantasy Sports Contests Special Fund to allocate proceeds for Lahaina community recovery efforts. The bill exempts registered online fantasy sports contests from state gambling laws. It also appropriates funds to the Department of the Attorney General to establish and implement the registration and monitoring program.

Committee Categories

Justice

Sponsors (1)

Last Action

Referred to JDC, WAM. (on 01/24/2024)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Sports and Gambling Regulation
Law, Crime, and Family Issues
  • ‐ Gambling, Lottery, and Gaming
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


bill summary

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