Bill > HB4346

This bill amends the Lawful Internet Gaming Act to modify how tax revenue from internet gaming is allocated, specifically focusing on removing the current $3,000,000 annual cap on funds directed to the Michigan agriculture equine industry development fund. Under the existing law, 5% of internet gaming tax revenue goes to this fund, with any amount over $3 million previously being redirected to another fund. The bill eliminates this cap, potentially allowing the agriculture and equine industry to receive more than $3 million annually from internet gaming taxes. The bill maintains the overall tax allocation structure, which includes 30% going to the city hosting the internet gaming operator's casino (for purposes like public safety, neighborhood development, and infrastructure), 65% going to the state's general fund, and 5% going to the agriculture equine industry development fund. The bill is tied to another pending legislative bill and will only take effect if that companion bill is also enacted into law. This change could provide more consistent and potentially increased funding to support Michigan's agricultural and equine industries.

Agriculture and Natural Resources

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4346