HomePublicationsCurrent NewsletterVolume 27Issue 18Michigan House Passes Bill Lifting Cap on Internet Gaming Revenue Directed to Equine Fund

Two recent House Bills (HB 4823 and HB 4824) which would remove a $3 Million cap on money the Agriculture Equine Industry Development Fund receives from Internet gaming revenue in and Internet Sports Betting in Michigan passed the Michigan House on Wednesday.  Both bills have now been transmitted to the Senate for consideration and have been assigned to the Senate Agriculture Committee chaired by Senator Kevin Daley.  Opponents of the bills have noted that such an increase in Equine Funding will divert money away from other state purposes such as the School Aid Fund. 

 

 

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