Hawaii is considering a series of legislative moves to legalize sports betting and online gaming. Lawmakers have introduced multiple bills, each with its own framework for regulating gambling activities in the state.
One of the key proposals, SB1572, aims to create the Hawaii State Sports Wagering Commission. It seeks to legalize both retail and online sports betting, with licensees required to already operate in at least three other U.S. states. The bill outlines a 15% tax on adjusted sports wagering receipts. If passed, the revenue would be divided among various initiatives: 50% for public education programs, 20% for affordable housing, 15% for responsible gambling programs, and 10% for administrative costs.
Two additional bills, HB1308 and SB1569, also address sports wagering regulation. However, these proposals differ slightly from SB1572. Both suggest a lower tax rate of 10% on adjusted gross sports wagering receipts and do not include provisions for retail sports betting.
Last week, lawmakers introduced SB373, which focuses on setting up a program to regulate online fantasy sports contests. This bill aims to establish a registration and monitoring framework for these activities.
Another proposed measure, SB1507, broadens the scope of gaming in Hawaii. It suggests the creation of the Hawaii Lottery and Gaming Corporation, tasked with overseeing games of chance and skill, including poker, lotteries, and casino games. However, SB1507 specifically excludes sports wagering from its scope.
These bills are undeniably a shift in Hawaii’s approach to gaming, which has traditionally been restricted. If passed, they could generate new revenue streams for the state while addressing public needs such as education and affordable housing.
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