This bill amends the Traxler-McCauley-Law-Bowman Bingo Act by updating Section 7a and adding new sections 7e, 7f, and 7g. Key changes include the requirement that charity game tickets must be purchased by qualified organizations from the bureau or a supplier, with the bureau determining the number of tickets and their resale price. The bill also specifies that qualified organizations must retain 60% of the proceeds from ticket sales, while the bureau retains 40%, except as otherwise provided in the new sections. Additionally, it establishes that charity game tickets cannot be sold to individuals under 18 years of age, although those aged 18 or older can purchase tickets as gifts for minors.
The newly added sections introduce provisions for charity game ticket dispensers that display results through video animation, with a revenue-sharing model for proceeds from ticket sales. Specifically, 45% of the net proceeds will go to the qualified organization conducting the game, with additional allocations to statewide organizations and the Michigan charity gaming service fund. Sections 7f and 7g create the Charity Game Veterans Fund and the Michigan Charity Gaming Service Fund, respectively, detailing their administration and the allocation of funds for grants to veteran organizations and the purchase of ticket dispensers.
Statutes affected: House Introduced Bill: 432.107