The bill amends the Lawful Sports Betting Act (2019 PA 149) by modifying the allocation of payments under section 7(1)(f). Specifically, it stipulates that 90% of the payments must be deposited into a state fund, while the remaining 10% will now be directed to the "bureau" created in section 7 of the Economic Development Fair Competition and Free Enterprise Act, replacing the previous allocation to the Michigan Strategic Fund.

Additionally, the bill includes a provision stating that it will only take effect if Senate Bill No. 631 of the 103rd Legislature is enacted into law. This ensures that the changes made by this bill are contingent upon the passage of the referenced Senate Bill.

Statutes affected:
Senate Introduced Bill: 432.415