Bill > H481

This bill modifies the existing law regarding Category 2 sports wagering licenses by allowing licensees to make a capital investment of at least $7,500,000 in a sports wagering facility as an alternative to paying a standard licensing fee. In the context of sports betting regulation, a Category 2 license typically refers to a specific type of sports wagering license with particular restrictions or characteristics. By providing this investment option, the bill appears to encourage significant financial investment in sports wagering facilities, potentially incentivizing facility upgrades, expansions, or new construction. The legislation aims to support economic development in the sports wagering industry by offering licensees flexibility in how they contribute financially to the regulatory framework, replacing a traditional fee with a substantial capital investment requirement.

Business and Industry

https://malegislature.gov/Bills/194/H481